CORRECTING and REPLACING Webster Financial Corporation Declares Common and Preferred Dividends

Fourth paragraph of release dated October 24, 2023, should read: ... payable January 15, 2024 (instead of January 15, 2023).

The updated release reads:

WEBSTER FINANCIAL CORPORATION DECLARES COMMON AND PREFERRED DIVIDENDS

Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock.

The dividend on common shares will be payable November 13, 2023, to shareholders of record as of November 3, 2023.

On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable December 15, 2023, to shareholders of record on December 1, 2023.

On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share, 40 of which represents one share of Series G Preferred Stock), payable January 15, 2024, to shareholders of record on December 31, 2023.

About Webster

Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. and its HSA Bank Division. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and its HSA Bank division, one of the country’s largest providers of employee benefits solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with more than $70 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231024854324/en/

Media Contact: Alice Ferreira, 203-578-2610 [e-mail]

Investor Contact: Emlen Harmon, 212-309-7646 [e-mail]