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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