Webster Financial Corporation (WBS) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

good morning welcome to the webster financial corp fourth quarter 2024 earnings conference call please note this event is being recorded i would now like to introduce webster's director of investor relations emlyn harman to introduce the call mr harman please go ahead good morning before we begin our remarks i want to remind you that the comments made by management may include forward-looking statements within the meaning of the private securities litigation reformat 1995 and are subject to the Safe Harbor rules. Please review the forward-looking disclaimer and Safe Harbor language in today's press release and presentation for more information about risks and uncertainties which may affect us. Presentation accompanying management's remarks can be found on the company's investor relations site at investors.websterbank.com. For the Q&A portion of the call, we ask that each participant ask just one question and one follow-up before returning to the queue. I'll now turn the call over to Webster Financial CEO, John Ciulo. Thanks, Emlyn. Good morning and welcome to Webster Financial Corporation's fourth quarter 2024 earnings call. We appreciate you joining us this morning. I'll provide some high level remarks on our performance, after which our CFO, Neil Holland, will cover the financials in more detail. Our president and chief operating officer, Luis Massiani, is also joining us for the Q&A portion of the call today. The company again realized the number of strategic achievements in 2024 as we continue to deliver for our clients and position the bank for the future. We took a number of steps to improve our balance sheet, including optimizing asset risk weightings for regulatory capital ratios, reducing our concentration of commercial real estate assets, and improving the ...