Webster Financial Q2 Adj. EPS Tops Estimates

RTTNews | 1131 dias atrás
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

Etiquetas: WBS
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 | 398 dias atrás
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 | 406 dias atrás
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 | 580 dias atrás
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 | 942 dias atrás
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.
RTTNews | 53 minutos atrás
European Markets Close Weak After Cautious Session

European Markets Close Weak After Cautious Session

European stocks closed on a weak note on Monday after a cautious session as investors awaited key inflation data from major economies in the region, and looked for more details about U.S. - EU trade deal.
RTTNews | 1 h 13 min atrás
U.S. New Home Sales Pull Back From Upwardly Revised Level In July

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.
RTTNews | 3 h 37 min atrás