Webster Financial Q2 Adj. EPS Tops Estimates

RTTNews | 1183 days ago
Webster Financial Q2 Adj. EPS Tops Estimates

(RTTNews) - Bank holding company Webster Financial Corp. (WBS) on Thursday reported that second-quarter net income available to common shareholders was $178.15 million or $1.00 per share, compared to $92.07 million or $1.01 per share in the prior-year quarter.

Excluding merger-related expenses, adjusted earnings would have been $1.29 per share for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $1.25 per share for the quarter. Analysts' estimates, usually, exclude one-time items.

Net interest income surged to $486.66 million from $220.85 million in the year-ago quarter. The company's non-interest income also surged to $120.93 million from $72.70 million in the prior-year period.

Provision for credit losses was $12.24 million during the quarter, compared to a benefit of $21.50 million a year ago.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Webster Financial Q2 Adj. EPS Misses Estimates, But Revenues Top

Webster Financial Q2 Adj. EPS Misses Estimates, But Revenues Top

Bank holding company Webster Financial Corp. (WBS) on Tuesday reported that second-quarter net income available to common shareholders declined to $177.47 million or $1.03 per share from $230.81 million or $1.32 per share in the prior-year quarter.
RTTNews | 450 days ago
Webster Financial Names William Holland To Succeed Glenn MacInnes As CFO

Webster Financial Names William Holland To Succeed Glenn MacInnes As CFO

Webster Financial Corp. (WBS), the holding company for Webster Bank, N.A., announced Monday its Board of Directors approved both the appointment of William Holland as Executive Vice President, Finance of both the Company and the Bank. It also approved the election of William Haas as a new non-management member of the Board of Directors of the Company and the Bank.
RTTNews | 458 days ago
Webster Financial Q4 Adj. EPS Meets Estimates, Revenue Tops

Webster Financial Q4 Adj. EPS Meets Estimates, Revenue Tops

Bank holding company Webster Financial Corp. (WBS) on Tuesday reported that fourth quarter net income available to common shareholders was $181.23 million or $1.05 per share, compared to $240.59 million or $1.38 per share in the prior-year quarter.
RTTNews | 632 days ago
Webster Financial Q4 Adj. EPS Misses Estimates

Webster Financial Q4 Adj. EPS Misses Estimates

Bank holding company Webster Financial Corp. (WBS) on Thursday reported that fourth quarter net income available to common shareholders was $240.59 million or $1.38 per share, compared to $109.07 million or $1.20 per share in the prior-year quarter.
RTTNews | 994 days ago
Swiss Market Ends On Strong Note

Swiss Market Ends On Strong Note

Swiss stocks closed on a strong note on Thursday, tracking positive cues from other markets across Europe, amid rising prospects of another rate cut by the Federal Reserve, and easing political tensions in France.
RTTNews | 2h 34min ago
U.S. Homebuilder Confidence Improves Much More Than Expected In October

U.S. Homebuilder Confidence Improves Much More Than Expected In October

A report released by the National Association of Home Builders on Thursday showed homebuilder confidence in the U.S. has improved by much more than anticipated in the month of October. The report said the NAHB/Wells Fargo Housing Market Index jumped to 37 in October after holding steady at 32 in September. Economists had expected the index to inch up to 33.
RTTNews | 6h 4min ago