Webster Financial Q2 Adj. EPS Tops Estimates

RTTNews | 1014 일 전
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 | 281 일 전
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 | 289 일 전
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 | 463 일 전
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 | 825 일 전
German Economy Recovers On Spending, Investment

German Economy Recovers On Spending, Investment

The German economy recovered in the first quarter driven by higher private consumption and investment, flash data from Destatis revealed on Wednesday. Gross domestic product grew 0.2 percent sequentially, offsetting the 0.2 percent fall in the preceding quarter. The rate also matched economists' expectations. The calendar-adjusted GDP posted an annual fall of 0.2 percent.
RTTNews | 51 분 전