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Webster Financial Corp. Q4 Profit Decreases, But Beats Estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Webster Financial Corp. (WBS) revealed earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $173.60 million, or $1.01 per share. This compares with $181.23 million, or $1.05 per share, in last year's fourth quarter.

Excluding items, Webster Financial Corp. reported adjusted earnings of $181.25 million or $1.43 per share for the period.

Analysts on average had expected the company to earn $1.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Webster Financial Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $173.60 Mln. vs. $181.23 Mln. last year.
-EPS (Q4): $1.01 vs. $1.05 last year.

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