Webster Financial Corp. (WBS) reported a wider third-quarter net loss of $19.25 million compared with $16.54 million in the previous year. Net loss available to common shareholders for the latest quarter also widened to $26.1 million from $21.75 million in the last year.
Loss per share for the recent quarter narrowed to $0.39 from $0.42 in the comparable period and loss per share from continuing operations also reduced to $0.39 from $0.41 in 2008. On average, 11 analysts polled by Thomson Reuters expected loss per share of $0.25 for the quarter. Analysts' estimate typically excludes one-time items.
Net interest income for the third quarter declined to $126.67 million from $129.18 million in the year earlier period. Total non-interest income soared to $44.16 million from $15.75 million in the 2008 period. Seven analysts estimated revenues of $173.78 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.