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WBS-PG

WEBSTER FINANCIAL CORPORATION
CIK 0000801337 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
41.2
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-13 ยท FY 2025-12-31 ยท TRIGGERED50.9

Zombie / distress

Zombie: interest coverage below 1.0x for 3 consecutive years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": 0.965,
    "2024-12-31": 0.78,
    "2023-12-31": 0.957,
    "2022-12-31": 4.307
  },
  "consecutive_years_below_1": 3,
  "altman_z_double_prime": 0.425,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 1470149000,
    "interest_expense_t": 1523614000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/801337/000080133726000008/0000801337-26-000008-index.htm",
    "form": "10-K",
    "filed": "2026-02-27"
  }
}
P-01 ยท FY 2025-12-31 ยท CLEAN32.2

Earnings quality

Beneish M-Score -2.37 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.373,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 1,
    "AQI": 1,
    "SGI": 1.119,
    "DEPI": 1.03,
    "SGAI": 1,
    "LVGI": 1,
    "TATA": -0.001
  },
  "defaulted_to_neutral": [
    "DSRI",
    "GMI",
    "SGAI",
    "LVGI"
  ],
  "sloan_accruals": -0.0007,
  "inputs": {
    "revenue_t": 2899413000,
    "revenue_t1": 2590286000,
    "total_assets_t": 84073663000,
    "net_income_t": 1002802000,
    "cfo_t": 1058136000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/801337/000080133726000008/0000801337-26-000008-index.htm",
    "form": "10-K",
    "filed": "2026-02-27"
  }
}
P-05 ยท FY 2025-12-31 ยท CLEAN0.0

Tax arbitrage

ETR 20.4% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.2042,
    "2024-12-31": 0.2441,
    "2023-12-31": 0.1998
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.0058,
    "2024-12-31": -0.0341,
    "2023-12-31": 0.0102
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/801337/000080133726000008/0000801337-26-000008-index.htm",
    "form": "10-K",
    "filed": "2026-02-27"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN23.1

Restatement predictor

F-Score 0.69 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.693,
  "probability": 0.00256,
  "components": {
    "rsst": -0.0007,
    "drec": null,
    "dinv": null,
    "soft": 0.9657,
    "dcs": 0.1193,
    "droa": 0.0022,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/801337/000080133726000008/0000801337-26-000008-index.htm",
    "form": "10-K",
    "filed": "2026-02-27"
  }
}