vs
Side-by-side financial comparison of WEBSTER FINANCIAL CORP (WBS) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $735.9M, roughly 1.2× WEBSTER FINANCIAL CORP). WEBSTER FINANCIAL CORP runs the higher net margin — 33.5% vs 29.5%, a 3.9% gap on every dollar of revenue. Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs 9.4%).
Webster Bank is an American commercial bank based in Stamford, Connecticut. It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; New Jersey; Westchester, Orange, Ulster, and Rockland counties in New York as well as New York City.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
WBS vs ZION — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $735.9M | $891.0M |
| Net Profit | $246.2M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 33.5% | 29.5% |
| Revenue YoY | — | 8.7% |
| Net Profit YoY | 8.5% | 21.8% |
| EPS (diluted) | $1.50 | $1.77 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $735.9M | — | ||
| Q4 25 | $746.2M | $891.0M | ||
| Q3 25 | $732.6M | $861.0M | ||
| Q2 25 | $715.8M | $838.0M | ||
| Q1 25 | $704.8M | $795.0M | ||
| Q4 24 | $661.0M | $820.0M | ||
| Q3 24 | $647.6M | $792.0M | ||
| Q2 24 | $614.6M | $777.0M |
| Q1 26 | $246.2M | — | ||
| Q4 25 | $255.8M | $263.0M | ||
| Q3 25 | $261.2M | $222.0M | ||
| Q2 25 | $258.8M | $244.0M | ||
| Q1 25 | $226.9M | $170.0M | ||
| Q4 24 | $177.8M | $216.0M | ||
| Q3 24 | $193.0M | $214.0M | ||
| Q2 24 | $181.6M | $201.0M |
| Q1 26 | — | — | ||
| Q4 25 | 48.6% | — | ||
| Q3 25 | 51.3% | — | ||
| Q2 25 | 51.7% | — | ||
| Q1 25 | 51.2% | — | ||
| Q4 24 | 48.5% | — | ||
| Q3 24 | 46.1% | — | ||
| Q2 24 | 47.0% | — |
| Q1 26 | 33.5% | — | ||
| Q4 25 | 34.3% | 29.5% | ||
| Q3 25 | 35.7% | 25.8% | ||
| Q2 25 | 36.2% | 29.1% | ||
| Q1 25 | 32.2% | 21.4% | ||
| Q4 24 | 26.9% | 26.3% | ||
| Q3 24 | 29.8% | 27.0% | ||
| Q2 24 | 29.6% | 25.9% |
| Q1 26 | $1.50 | — | ||
| Q4 25 | $1.54 | $1.77 | ||
| Q3 25 | $1.54 | $1.48 | ||
| Q2 25 | $1.52 | $1.63 | ||
| Q1 25 | $1.30 | $1.13 | ||
| Q4 24 | $1.01 | $1.34 | ||
| Q3 24 | $1.10 | $1.37 | ||
| Q2 24 | $1.03 | $1.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $738.3M | $1.5B |
| Stockholders' EquityBook value | $9.6B | $7.2B |
| Total Assets | $85.6B | $89.0B |
| Debt / EquityLower = less leverage | 0.08× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $738.3M | — | ||
| Q4 25 | $739.5M | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $905.6M | $970.0M | ||
| Q1 25 | $907.4M | $964.0M | ||
| Q4 24 | $909.2M | $950.0M | ||
| Q3 24 | $911.0M | $548.0M | ||
| Q2 24 | $912.7M | $546.0M |
| Q1 26 | $9.6B | — | ||
| Q4 25 | $9.5B | $7.2B | ||
| Q3 25 | $9.5B | $6.9B | ||
| Q2 25 | $9.3B | $6.6B | ||
| Q1 25 | $9.2B | $6.3B | ||
| Q4 24 | $9.1B | $6.1B | ||
| Q3 24 | $9.2B | $6.4B | ||
| Q2 24 | $8.8B | $6.0B |
| Q1 26 | $85.6B | — | ||
| Q4 25 | $84.1B | $89.0B | ||
| Q3 25 | $83.2B | $88.5B | ||
| Q2 25 | $81.9B | $88.9B | ||
| Q1 25 | $80.3B | $88.0B | ||
| Q4 24 | $79.0B | $88.8B | ||
| Q3 24 | $79.5B | $87.0B | ||
| Q2 24 | $76.8B | $87.6B |
| Q1 26 | 0.08× | — | ||
| Q4 25 | 0.08× | 0.21× | ||
| Q3 25 | 0.13× | 0.21× | ||
| Q2 25 | 0.10× | 0.15× | ||
| Q1 25 | 0.10× | 0.15× | ||
| Q4 24 | 0.10× | 0.16× | ||
| Q3 24 | 0.10× | 0.09× | ||
| Q2 24 | 0.10× | 0.09× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.1B |
| Free Cash FlowOCF − Capex | — | $952.0M |
| FCF MarginFCF / Revenue | — | 106.8% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | — | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $374.7M | $438.0M | ||
| Q2 25 | $270.9M | $-62.0M | ||
| Q1 25 | $94.9M | $179.0M | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $45.3M | $119.0M | ||
| Q2 24 | $224.0M | $251.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $952.0M | ||
| Q3 25 | $362.5M | $413.0M | ||
| Q2 25 | $257.7M | $-93.0M | ||
| Q1 25 | $86.6M | $152.0M | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $35.3M | $97.0M | ||
| Q2 24 | $215.6M | $234.0M |
| Q1 26 | — | — | ||
| Q4 25 | 135.2% | 106.8% | ||
| Q3 25 | 49.5% | 48.0% | ||
| Q2 25 | 36.0% | -11.1% | ||
| Q1 25 | 12.3% | 19.1% | ||
| Q4 24 | 207.0% | 128.2% | ||
| Q3 24 | 5.4% | 12.2% | ||
| Q2 24 | 35.1% | 30.1% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 13.6% | ||
| Q3 25 | 1.7% | 2.9% | ||
| Q2 25 | 1.8% | 3.7% | ||
| Q1 25 | 1.2% | 3.4% | ||
| Q4 24 | 5.4% | 11.8% | ||
| Q3 24 | 1.5% | 2.8% | ||
| Q2 24 | 1.4% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.14× | 4.08× | ||
| Q3 25 | 1.43× | 1.97× | ||
| Q2 25 | 1.05× | -0.25× | ||
| Q1 25 | 0.42× | 1.05× | ||
| Q4 24 | 7.90× | 5.31× | ||
| Q3 24 | 0.23× | 0.56× | ||
| Q2 24 | 1.23× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WBS
| Net Interest Income | $634.4M | 86% |
| Noninterest Income | $101.5M | 14% |
ZION
Segment breakdown not available.
