logo
Plus   Neg
Share
Email

Webster Financial Q4 Profit Rises

Webster Financial Corp. (WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, reported that its earnings applicable to common shareholders for the fourth-quarter ended December 31, 2018 rose to $96.7 million, or $1.05 per share from $67.7 million or $0.73 per share last year.

Adjusting for $4.6 million related to a gain on the sale of six banking centers, earnings per share would have been $1.01.

Revenue of $310.3 million, an increase of 14.5 percent, including net interest income of $237.1 million, an increase of 15.7 percent.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.98 per share and revenues of $236.55 million. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amity Packing Company Inc. is recalling around 2,020 pounds of raw ground beef products for possible plastic presence, the U.S. Department of Agriculture's Food Safety and Inspection Service stated. The agency said the products may be contaminated with extraneous materials, specifically clear, thin pliable plastic. The recall was initiated after Pre Brands LLC received two consumer complaints. Golden Pearl Trading Corp. is recalling certain ready-to-eat or RTE imported Siluriformes products that were produced without benefit of import inspection, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves around 12,054 pounds of Siluriformes products that were not presented for import re-inspection into the United States. The U.S. Food and Drug Administration has granted accelerated approval to Tazverik for the treatment of adults and pediatric patients aged 16 years and older with metastatic or locally advanced epithelioid sarcoma not eligible for complete resection. Epithelioid sarcoma is a rare sub-type of soft...
RELATED NEWS
Follow RTT
>