Demonstrações financeiras detalhadas de Webster Financial Corporation (WBS): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Webster Financial Corporation registou receitas de $4.42B no último exercício, com um CAGR de 5 anos de 28.0%. O lucro líquido atingiu $1.00B, com CAGR de 5 anos de 35.4%.
Margens dos últimos 12 meses: margem bruta 62.5%, margem operacional 26.9%, margem líquida 23.3%. O fluxo de caixa livre cresceu a CAGR de 22.9% em 5 anos.
Ao preço atual de $77.57, WBS negocia a um P/L de 12.59 e um ROE de 10.66%. A capitalização de mercado é de $12.6B, colocando-a entre as empresas large-cap.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $1.09B | $1.17B | $1.34B | $1.44B | $1.29B | $1.26B | $2.72B | $3.94B | $4.17B | $4.42B |
| Custo da Receita | $159.8M | $158.2M | $190.5M | $237.3M | $248.4M | -$12.7M | $531.1M | $1.44B | $1.81B | $1.73B |
| Lucro Bruto | $926.6M | $1.01B | $1.15B | $1.20B | $1.04B | $1.28B | $2.19B | $2.50B | $2.36B | $2.69B |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $47.5M |
| Despesas Gerais e Administrativas | $371.7M | $399.6M | $433.1M | $429.6M | $460.8M | $433.8M | $687.2M | $781.3M | $840.1M | $749.8M |
| Despesas Operacionais | $623.2M | $661.1M | $705.6M | $716.0M | $758.9M | $743.9M | $1.39B | $1.42B | $1.34B | $1.43B |
| Lucro Operacional | $303.4M | $353.8M | $441.6M | $486.7M | $280.0M | $533.9M | $798.0M | $1.08B | $1.02B | $1.26B |
| EBITDA | $339.9M | $391.0M | $480.4M | $531.5M | $323.2M | $575.4M | $879.8M | $1.16B | $1.09B | $1.33B |
| Despesas com Juros | $103.4M | $117.3M | $148.5M | $199.5M | $110.7M | $41.8M | $250.5M | $1.29B | $1.59B | $1.52B |
| Lucro Antes de Impostos | $303.4M | $353.8M | $441.6M | $486.7M | $280.0M | $533.9M | $798.0M | $1.08B | $1.02B | $1.26B |
| Imposto | $96.3M | $98.4M | $81.2M | $104.0M | $59.4M | $125.0M | $153.7M | $216.7M | $248.3M | $257.3M |
| Lucro Líquido | $207.1M | $255.4M | $360.4M | $382.7M | $220.6M | $408.9M | $644.3M | $867.8M | $768.7M | $1.00B |
| LPA | $2.17 | $2.68 | $3.83 | $4.07 | $2.35 | $4.43 | $3.72 | $4.91 | $4.38 | $5.92 |
| LPA Diluído | $2.16 | $2.67 | $3.81 | $4.06 | $2.35 | $4.42 | $3.72 | $4.91 | $4.37 | $5.91 |
| Ações em Circulação (Diluídas) | $91.9M | $92.4M | $92.2M | $91.9M | $90.2M | $90.2M | $168.9M | $173.4M | $170.2M | $160.6M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $1.13B | $1.13B | $994.3M | $1.12B |
| Lucro Bruto | $688.6M | $704.2M | $634.4M | $708.5M |
| Lucro Operacional | $331.9M | $321.0M | $201.3M | $323.5M |
| EBITDA | $350.3M | $375.5M | $250.9M | $332.5M |
| Lucro Líquido | $261.2M | $255.8M | $246.2M | $256.8M |
| LPA | $1.55 | $1.55 | $1.50 | $1.56 |
| LPA Diluído | $1.54 | $1.55 | $1.50 | $1.56 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $220.1M | $256.8M | $329.5M | $257.9M | $263.1M | $461.6M | $839.9M | $1.72B | $2.07B | $2.45B |
| Investimentos de Curto Prazo | $2.99B | $2.64B | $2.90B | $2.93B | $3.33B | $4.23B | $7.89B | $8.96B | $6.3M | $12.5M |
| Contas a Receber | $630.0M | $545.9M | $499.2M | $532.7M | $593.2M | $620.9M | $1.61B | $1.31B | $1.22B | 0 |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $3.84B | $3.44B | $3.73B | $3.72B | $4.18B | $5.32B | $10.34B | $11.98B | $3.30B | $2.46B |
| Imobilizado | $137.4M | $130.0M | $124.8M | $270.4M | $226.7M | $204.6M | $430.2M | $429.6M | $407.0M | $432.0M |
| Ágio | $538.4M | $538.4M | $538.4M | $538.4M | $538.4M | $538.4M | $2.51B | $2.63B | $2.87B | $2.90B |
| Ativos Intangíveis | $33.7M | $29.6M | $25.8M | $21.9M | $22.4M | $17.9M | $199.3M | $203.1M | $334.3M | $313.2M |
| Ativos Totais | $26.07B | $26.49B | $27.61B | $30.39B | $32.59B | $34.92B | $71.28B | $74.95B | $79.03B | $84.07B |
| Contas a Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | $949.5M | $643.3M | $581.9M | $1.04B | $995.4M | $674.9M | $1.15B | $2.81B | $2.44B | $3.57B |
| Passivos Circulantes | $20.48B | $21.88B | $22.67B | $24.52B | $28.52B | $30.93B | $56.69B | $63.59B | $67.20B | $72.33B |
| Dívida de Longo Prazo | $3.07B | $1.90B | $2.05B | $2.49B | $700.8M | $573.9M | $6.53B | $1.06B | $919.3M | $750.2M |
| Passivos Totais | $23.55B | $23.79B | $24.72B | $27.18B | $29.36B | $31.48B | $63.22B | $66.26B | $69.89B | $74.58B |
| Reservas | $1.43B | $1.60B | $1.83B | $2.06B | $2.08B | $2.33B | $2.71B | $3.28B | $3.76B | $4.48B |
| Patrimônio Líquido | $2.53B | $2.70B | $2.89B | $3.21B | $3.23B | $3.44B | $8.06B | $8.69B | $9.13B | $9.49B |
| Dívida Total | $4.02B | $2.55B | $2.63B | $3.70B | $1.88B | $1.39B | $7.69B | $3.87B | $3.36B | $4.32B |
| Dívida Líquida | $806.7M | -$348.7M | -$593.5M | $519.9M | -$1.71B | -$3.30B | -$1.05B | -$6.81B | $1.28B | $1.85B |
| Capital de Giro | -$16.64B | -$18.44B | -$18.94B | -$20.80B | -$24.34B | -$25.61B | -$46.35B | -$51.61B | -$63.90B | -$69.86B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $3.06B | $2.45B | $2.86B | $2.72B |
| Ativos Totais | $83.19B | $84.07B | $85.58B | $85.95B |
| Passivos Totais | $73.73B | $74.58B | $76.01B | $76.19B |
| Patrimônio Líquido | $9.46B | $9.49B | $9.57B | $9.76B |
| Dívida Total | $3.91B | $4.32B | $5.62B | $4.47B |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $207.1M | $255.4M | $360.4M | $382.7M | $220.6M | $408.9M | $644.3M | $867.8M | $768.7M | $1.00B |
| Depreciação e Amortização | $36.5M | $37.2M | $38.7M | $44.8M | $43.2M | $41.5M | $81.8M | $76.5M | $71.5M | $73.3M |
| Compensação em Ações | $11.4M | $12.3M | $11.6M | $12.6M | $12.2M | $13.7M | $54.1M | $54.1M | $55.1M | $56.8M |
| Variação Capital de Giro | $48.5M | $28.0M | -$48.0M | -$197.4M | -$129.9M | $127.9M | $251.7M | -$229.4M | $183.7M | -$270.7M |
| Fluxo de Caixa Operacional | $398.1M | $445.0M | $469.4M | $303.9M | $380.5M | $688.6M | $1.34B | $978.6M | $1.40B | $1.06B |
| CapEx | -$40.7M | -$28.5M | -$33.0M | -$25.7M | -$21.3M | -$16.6M | -$28.8M | -$40.3M | -$35.8M | -$49.6M |
| Aquisições | 0 | 0 | 0 | 0 | 0 | 0 | $459.6M | -$157.6M | -$359.5M | -$24.4M |
| Recompra de Ações | -$11.2M | -$134.3M | -$12.2M | -$13.0M | -$76.6M | -$4.4M | -$345.8M | -$108.0M | -$65.4M | -$616.4M |
| Dividendos Pagos | -$97.6M | -$102.7M | -$122.8M | -$148.7M | -$152.8M | -$152.7M | -$261.5M | -$294.8M | -$291.2M | -$283.5M |
| Fluxo de Caixa Livre | $357.4M | $416.4M | $436.4M | $278.1M | $359.3M | $672.0M | $1.31B | $938.3M | $1.37B | $1.01B |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $374.7M | $317.6M | $288.7M | -$130.6M |
| CapEx | -$12.2M | -$15.8M | -$10.5M | $10.5M |
| Fluxo de Caixa Livre | $362.5M | $301.8M | $278.3M | -$120.2M |
| Dividendos Pagos | -$70.6M | -$68.7M | -$68.7M | -$69.0M |
| Compensação em Ações | $12.7M | $14.9M | $14.0M | $17.2M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +8.0% | +14.0% | +7.6% | -10.6% | -1.7% | +115.3% | +44.8% | +5.7% | +6.1% |
| Crescimento Lucro Líquido (anual) | | +23.3% | +41.1% | +6.2% | -42.4% | +85.3% | +57.6% | +34.7% | -11.4% | +30.5% |
| Crescimento LPA (anual) | | +23.5% | +42.9% | +6.3% | -42.3% | +88.5% | -16.0% | +32.0% | -10.8% | +35.2% |
| Variação de Ações (anual) | | +0.5% | -0.1% | -0.4% | -1.9% | +0.1% | +87.3% | +2.6% | -1.8% | -5.6% |
| Crescimento FCF (anual) | | +16.5% | +4.8% | -36.3% | +29.2% | +87.0% | +94.5% | -28.2% | +45.8% | -26.3% |
| Margem Bruta | 85.3% | 86.5% | 85.8% | 83.5% | 80.7% | 101.0% | 80.5% | 63.4% | 56.5% | 60.8% |
| Margem Operacional | 27.9% | 30.2% | 33.0% | 33.8% | 21.7% | 42.2% | 29.3% | 27.5% | 24.4% | 28.5% |
| Margem EBITDA | 31.3% | 33.3% | 35.9% | 36.9% | 25.1% | 45.5% | 32.3% | 29.4% | 26.1% | 30.1% |
| Margem Líquida | 19.1% | 21.8% | 26.9% | 26.6% | 17.1% | 32.3% | 23.7% | 22.0% | 18.4% | 22.7% |
| Margem FCF | 32.9% | 35.5% | 32.6% | 19.3% | 27.9% | 53.1% | 48.0% | 23.8% | 32.8% | 22.8% |
| Taxa Efetiva de Imposto | 31.7% | 27.8% | 18.4% | 21.4% | 21.2% | 23.4% | 19.3% | 20.0% | 24.4% | 20.4% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $3.89 | $4.51 | $4.73 | $3.03 | $3.99 | $7.45 | $7.74 | $5.41 | $8.04 | $6.28 |
| Dividendo por Ação | $1.06 | $1.11 | $1.33 | $1.62 | $1.70 | $1.69 | $1.55 | $1.70 | $1.71 | $1.77 |
| Ações em Circulação (Básicas) | $91.4M | $92.1M | $91.8M | $91.6M | $90.0M | $90.0M | $168.9M | $173.4M | $169.8M | $160.3M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 10.66% |
| Retorno sobre capital investido | 6.00% |
| Retorno sobre ativos | 1.19% |
| Margem bruta | 62.51% |
| Margem operacional | 26.91% |
| Margem líquida | 23.31% |
Saúde financeira
| Dívida / Patrimônio | 0.46 |
| Liquidez corrente | 0.33 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 25.01 | 20.96 | 12.87 | 13.11 | 17.94 | 12.60 | 12.73 | 10.34 | 12.61 | 10.63 |
| P/VP | 1.96 | 1.91 | 1.57 | 1.52 | 1.17 | 1.46 | 0.99 | 1.01 | 1.03 | 1.06 |
| P/V | 4.57 | 4.41 | 3.38 | 3.40 | 2.95 | 3.97 | 2.94 | 2.23 | 2.25 | 2.28 |
| Margem Bruta | 85.3% | 86.5% | 85.8% | 83.5% | 80.7% | 101.0% | 80.5% | 63.4% | 56.5% | 60.8% |
| Margem Operacional | 27.9% | 30.2% | 33.0% | 33.8% | 21.7% | 42.2% | 29.3% | 27.5% | 24.4% | 28.5% |
| Margem Líquida | 19.1% | 21.8% | 26.9% | 26.6% | 17.1% | 32.3% | 23.7% | 22.0% | 18.4% | 22.7% |