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

RTTNews | 280 gün önce
Webster Financial Q2 Adj. EPS Misses Estimates, But Revenues Top

(RTTNews) - 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.

Excluding charges, adjusted earnings would have been $1.26 per share for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $1.34 per share for the quarter. Analysts' estimates, usually, exclude one-time items.

Net interest income decreased to $572.30 million from $583.83 million in the year-ago quarter, and total non-interest income plunged to $42.30 million from $89.37 million in the prior-year period.

Operating revenue for the quarter declined to $614.60 million from $673.20 million in the same quarter last year. Analysts expected revenues of $589.41 million for the quarter.

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

Etiketler: WBS
read more
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 | 288 gün önce
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 | 462 gün önce
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 | 824 gün önce
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 | 1013 gün önce
French Economy Recovers In Q1

French Economy Recovers In Q1

The French economy avoided a technical recession in the first quarter with a marginal expansion, official data revealed on Wednesday. Gross domestic product grew 0.1 percent from the fourth quarter, when the economy shrank 0.1 percent, flash data from the statistical office INSEE revealed. The rate came in line with expectations.
RTTNews | 1s 8 dakika önce
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares struggled for director on Wednesday as investors watched the latest developments on the trade front and awaited key U.S. inflation data for additional clues on the Fed's rate trajectory.
RTTNews | 2s 45 dakika önce
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 | 3s 37 dakika önce