Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Webster Q3 Profit Up, Matches Estimates - Quick Facts

RELATED NEWS
Trade WBS now with 

Webster Financial Corp. (WBS: Quote), the holding company for Webster Bank, N.A., Friday reported a slight increase in net income for the third quarter, with an increase in net interest income. Earnings per share matched the Street estimates.

Net income available to shareholders was $44.6 million or $0.49 per share, compared with $44.3 million or $0.48 per share during the same quarter last year.

On average, sixteen analysts polled by Thomson Reuters expected earnings per share of $0.49 for the quarter. Analysts' estimates typically exclude one-time items.

Net interest income for the quarter increased to $149.9 million, from prior year's $144.8 million. The Street expected the company to generate revenues of $149.73 million for the quarter.

"Notable milestones in the quarter included record net interest income once again and stellar performance in our health savings account business whose footings crossed $2 billion. Looking ahead, our strong commercial loan pipeline bodes well for the region's economic recovery and future performance." said James Smith, chairman and chief executive officer.

Register
To receive FREE breaking news email alerts for Webster Financial Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Consumer prices in the U.S. unexpectedly showed a modest increase in the month of September, according to a report released by the Labor Department on Wednesday, with higher prices for food and shelter offsetting a continued decline in energy prices. The European Parliament has given its strong support to the new European Commission with 423 votes in favor, 209 against and 67 abstentions. The approval was crucial for the Juncker Commission to start a five-year term on 1 November. Today's vote marks the last step in the process leading up to the new European Commission. The European Cabinet has a representative each from all 28 EU member states After moving notably higher over the past few sessions, stocks may show a lack of direction in early trading on Wednesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 5 points.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.