WATERBURY, Conn. - Webster Financial Corp. said it intends to repurchase up to 10% of its shares over the next 24 months.

James C. Smith, president and chief executive officer of the $2.9 billion-asset holding company, said earnings are generating capital in excess of the amount needed to support business growth.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.