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Webster Financial Corp. Profit Advances In Q1

Webster Financial Corp. (WBS) announced earnings for its first quarter that increased from the same period last year.

The company's profit came in at $97.55 million, or $1.06 per share. This compares with $78.08 million, or $0.85 per share, in last year's first quarter.

Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.8% to $241.55 million from $214.17 million last year.

Webster Financial Corp. earnings at a glance:

-Earnings (Q1): $97.55 Mln. vs. $78.08 Mln. last year.
-EPS (Q1): $1.06 vs. $0.85 last year.
-Analysts Estimate: $1.01
-Revenue (Q1): $241.55 Mln vs. $214.17 Mln last year.

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