1. Webster Financial lowers prime lending rate to 7.25%, effective September 2025. 2. This change may boost borrowing demand among consumers and businesses. 3. Lower rates typically indicate an attempt to stimulate economic activity. 4. The bank has approximately $82 billion in total assets. 5. This adjustment could signify a shift in Webster's lending strategy.
Lowering the prime rate encourages borrowing, which may increase profits. Historical examples show banks often see positive stock performance following rate cuts.
This rate change is pivotal for financial institutions like Webster and influences market perceptions.
The immediate effects are likely visible as borrowing responds quickly to rate changes. Over time, sustained economic recovery could prolong benefits.
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced today that it has lowered its prime lending rate to 7.25 percent from 7.50 percent, effective September 18, 2025.
About Webster
Webster Financial Corporation ("Webster") (NYSE:WBS) is the holding company for Webster Bank, N.A. ("Webster Bank"). Founded in 1935 and headquartered in Stamford, CT, Webster is a values-driven organization with approximately $82 billion in total assets. Webster Bank is a commercial bank that provides a wide range of financial products and services to businesses, individuals, and families across three differentiated lines of business: Commercial Banking, Healthcare Financial Services, and Consumer Banking. While its core footprint spans the Northeast from the New York metropolitan area to Rhode Island and Massachusetts, certain businesses operate 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/20250917043687/en/
Media Contact:
Alice Ferreira, 203-578-2610
acferreira@websterbank.com
Investor Contact:
Emlen Harmon, 212-309-7646
eharmon@websterbank.com