WBS » Topics » Middle-Market Banking

This excerpt taken from the WBS 10-Q filed May 8, 2009.

Middle-Market Banking

At March 31, 2009, middle market loans, including commercial and owner-occupied commercial real estate, totaled $763.3 million, a decrease of 6.8% compared to $819.1 million at December 31, 2008 and a decrease of 10.9% compared to $856.5 million at March 31, 2008. Originations for the three months ended March 31, 2009 totaled $13.6 million as compared to $26.9 million for the comparable period in 2008. Lower originations in the three months ended March 31, 2009 reflect a slowing business economy and fewer transactions that met Webster’s risk return criteria.

This excerpt taken from the WBS 10-K filed Mar 2, 2009.

Middle-Market Banking

The Middle-Market group delivers Webster’s broad range of financial services to a diversified group of companies with revenues greater than $10 million, primarily privately held companies located within southern New England. Typical loan facilities include lines of credit for working capital, term loans to finance purchases of equipment and commercial real estate loans for owner-occupied buildings. Unit and relationship managers within the Middle-Market group average over 20 years of experience in their markets. The Middle-Market loan portfolio was $819.1 million at December 31, 2008, a decrease of 5.4%, compared to $865.7 million at December 31, 2007, primarily due to prepayment volume. Total Middle-Market loan originations were $106.2 million in 2008 compared to $126.7 million in 2007.

This excerpt taken from the WBS 10-Q filed Nov 7, 2008.

Middle-Market Banking

At September 30, 2008, middle market loans, including commercial and owner-occupied commercial real estate, totaled $870.2 million, an increase of 0.6% compared to $865.3 million at December 31, 2007 and a decrease of 1.5% compared to $883.2 million at September 30, 2007. Originations for the three and nine months ended September 30, 2008 totaled $26.9 million and $106.9 million, respectively, as compared to $30.1 million and $180.6 million, respectively, for the comparable periods in 2007. Lower originations in 2008 reflect a slowing business economy and fewer transactions that met Webster’s risk return criteria.

This excerpt taken from the WBS 10-Q filed Aug 5, 2008.

Middle-Market Banking

At June 30, 2008, middle market loans, including commercial and owner-occupied commercial real estate, totaled $1.9 billion, an increase of 11.2% compared to $1.7 billion at December 31, 2007 and an increase of 24.8% compared to $1.6 billion at June 30, 2007. Originations for the three and six months ended June 30, 2008 totaled $43.9 million and $80.0 million, respectively, as compared to $39.5 million and $150.5 million, respectively, for the comparable periods in 2007. Lower originations in 2008 reflect a slowing business economy and fewer transactions that met Webster’s risk return criteria.

This excerpt taken from the WBS 10-Q filed May 9, 2008.

Middle-Market Banking

At March 31, 2008, middle market loans, including commercial and owner-occupied commercial real estate, totaled $1.5 billion, flat when compared to $1.5 billion at December 31, 2007 and a decrease of 6.3% compared to $1.6 billion at March 31, 2007. Originations for the three months ended March 31, 2008 totaled $36.1 million as compared to $111.0 million for the comparable period in 2007. Lower originations in 2008 reflect a slowing business economy and fewer transactions that met Webster’s risk return criteria.

This excerpt taken from the WBS 10-K filed Feb 28, 2008.

Middle-Market Banking

The Middle-Market Division delivers Webster’s full array of financial services to a diversified group of companies with revenues greater than $10 million, primarily privately held and located within southern New England. Typical loan facilities include lines of credit for working capital, term loans to finance purchases of equipment and commercial real estate loans for owner-occupied buildings. Unit and relationship managers within the Middle-Market Division average over 20 years of experience in their markets. The middle-market loan

 

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portfolio was $1.5 billion at December 31, 2007, a decrease of 6.3%, compared to $1.6 billion at December 31, 2006, primarily due to prepayment volume.

This excerpt taken from the WBS 10-Q filed Nov 5, 2007.

Middle-Market Banking

At September 30, 2007, December 31, 2006 and September 30, 2006, middle market loans, including commercial and owner-occupied commercial real estate, totaled $1.5 billion. Originations for the three months ended September 30, 2007 totaled $30.1 million as compared to $146.0 million for the comparable period in 2006.

This excerpt taken from the WBS 10-Q filed Aug 8, 2007.

Middle-Market Banking

At June 30, 2007, and December 31, 2006, middle market loans, including commercial and owner-occupied commercial real estate, totaled $1.6 billion and $1.4 billion at June 30, 2006. Originations for the three months ended June 30, 2007 totaled $39.5 million as compared to $171.8 million for the comparable period in 2006.

This excerpt taken from the WBS 10-Q filed May 4, 2007.

Middle-Market Banking

At March 31, 2007 and December 31, 2006, middle market loans, including commercial and owner-occupied commercial real estate, totaled $1.6 billion compared to $1.4 billion at March 31, 2006. Originations for the three months ended March 31, 2007 totaled $111 million as compared to $62.6 million for the comparable period in 2006.

 

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This excerpt taken from the WBS 10-K filed Feb 27, 2007.
Middle-Market Banking
 
The Middle-Market Division delivers Webster’s full array of financial services to a diversified group of companies with revenues greater than $10 million, primarily privately held and located within southern New England. Typical loan facilities include lines of credit for working capital, term loans to finance purchases of equipment and commercial real estate loans for owner-occupied buildings. Unit and relationship managers within the Middle-Market Division average over 20 years of experience in their markets. The middle-market loan portfolio increased by 23.1% to a total portfolio of $1.6 billion at December 31, 2006 compared to $1.3 billion at December 31, 2005.
 
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