Friday, Webster Financial Corp. (WBS) said its fourth-quarter net loss available to common shareholders narrowed to $54.40 million from $307.59 million in the prior year period. Net loss attributable to Webster Financial Corp. for the quarter also narrowed to $13.69 million from $300.28 million in the year-ago period. Loss per share for the quarter was $0.84, narrower than $5.91 in the earlier period. On average, 11 analysts polled by Thomson Reuters expected the company to report loss of $0.24 per share for the quarter.
Net interest income after provision for credit losses for the recent quarter increased to $63.48 million from $26.06 million in the comparable period. Total non-interest income for the quarter was $53.45 million compared with a loss of $85.89 million in the previous year. Seven analysts estimated revenues of $180.11 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.