Webster Financial Q4 Adj. EPS Misses Estimates

RTTNews | vor 824 Tagen
Webster Financial Q4 Adj. EPS Misses Estimates

(RTTNews) - 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.

Excluding merger-related expenses, adjusted earnings would have been $1.60 per share for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $1.66 per share for the quarter. Analysts' estimates, usually, exclude one-time items.

Net interest income soared to $602.38 million from $226.78 million in the year-ago quarter. The company's non-interest income also surged to $102.18 million from $90.14 million in the prior-year period.

Operating revenue for the quarter soared to $704.56 from $338.96 million in the same quarter last year. Analysts expected revenues of $595.48 million for the quarter.

Provision for credit losses was $43.00 million during the quarter, compared to a benefit of $15.00 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 | vor 280 Tagen
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 | vor 288 Tagen
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 | vor 462 Tagen
Webster Financial Q2 Adj. EPS Tops Estimates

Webster Financial Q2 Adj. EPS Tops Estimates

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.
RTTNews | vor 1013 Tagen
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Wednesday, adding to the gains in the previous four sessions, with the benchmark S&P/ASX 200 moving up to near the 8,100 level, following the broadly positive cues from Wall Street overnight, with gains financial and technology stocks partially offset by weakness in energy stocks.
RTTNews | vor 34 Minuten
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, amid the ongoing uncertainty about the tariff war and fears of a global economic slowdown. There are also some positive developments on the trade front, with US Commerce Secretary Howard Lutnick telling CNBC the Trump administration has reached its first trade deal.
RTTNews | vor 1Std 1 Minuten
Sensex, Nifty Likely To Open On Cautious Note

Sensex, Nifty Likely To Open On Cautious Note

Indian shares may open on a cautious note Wednesday after a slew of U.S. companies suspended or tweaked their full year guidance and Samsung Electronics flagged macroeconomic uncertainties due to trade tensions and a slowdown in global growth.
RTTNews | vor 1Std 26 Minuten
Thai Stock Market May Extend Winning Streak

Thai Stock Market May Extend Winning Streak

The Thai stock market has moved higher in three straight sessions, gathering almost 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,170-point plateau and it may tick higher again on Wednesday.
RTTNews | vor 2Std 1 Minuten