Webster Financial sees FY26 NII $2.57B-$2.63B non-FTE

Guidance assumes 2 Fed funds rate cuts in June and September. Sees FY26 loan growth 5%-7% and deposit growth 4%-6%. Sees adjusted non-interest income $390M-$410M, with adjusted expenses $1.46B-$1.48B, and an efficiency ratio in the range of 46%. Sees tax rate about 21%, a Common Equity Tier 1 ratio near-term target 11%, and long-term target of 10.5%. The outlook assumes no material changes to the regulatory environment or macro environment. Comments taken from investor presentation slides.