Webster Financial Q4 Adj. EPS Meets Estimates, Revenue Tops

RTTNews | 532 days ago
Stocktwits
Webster Financial Q4 Adj. EPS Meets Estimates, Revenue Tops

(RTTNews) - 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.

Excluding charges, adjusted earnings would have been $1.46 per share for the quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $1.46 per share for the quarter. Analysts' estimates, usually, exclude one-time items.

Net interest income decreased to $571.02 million from $602.38 million in the year-ago quarter, while non-interest income plunged to $63.82 million from $102.18 million in the prior-year period.

Operating revenue for the quarter declined to $634.8 million from $704.56 million in the same quarter last year. Analysts expected revenues of $603.11 million for the quarter.

Provision for credit losses was $36.00 million during the quarter, compared to $43.00 million a year ago.

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

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

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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.
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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 | 358 days ago
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RTTNews | 894 days ago
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