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Webster Financial Q2 Adj. EPS Misses Estimates, But Revenues Top

RTTNews | 173 days ago

Webster Financial Q2 Adj. EPS Misses Estimates, But Revenues Top

(RTTNews) - Bank holding company Webster Financial Corp. (WBS) on Tuesday reported that second-quarter net income available to common shareholders declined to $177.47 million or $1.03 per share from $230.81 million or $1.32 per share in the prior-year quarter.

Excluding charges, adjusted earnings would have been $1.26 per share for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $1.34 per share for the quarter. Analysts' estimates, usually, exclude one-time items.

Net interest income decreased to $572.30 million from $583.83 million in the year-ago quarter, and total non-interest income plunged to $42.30 million from $89.37 million in the prior-year period.

Operating revenue for the quarter declined to $614.60 million from $673.20 million in the same quarter last year. Analysts expected revenues of $589.41 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: WBS

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Webster Financial Names William Holland To Succeed Glenn MacInnes As CFO

Webster Financial Names William Holland To Succeed Glenn MacInnes As CFO

Webster Financial Corp. (WBS), the holding company for Webster Bank, N.A., announced Monday its Board of Directors approved both the appointment of William Holland as Executive Vice President, Finance of both the Company and the Bank. It also approved the election of William Haas as a new non-management member of the Board of Directors of the Company and the Bank.

RTTNews | 181 days ago

Webster Financial Q4 Adj. EPS Meets Estimates, Revenue Tops

Webster Financial Q4 Adj. EPS Meets Estimates, Revenue Tops

Bank holding company Webster Financial Corp. (WBS) on Tuesday reported that fourth quarter net income available to common shareholders was $181.23 million or $1.05 per share, compared to $240.59 million or $1.38 per share in the prior-year quarter.

RTTNews | 355 days ago

Webster Financial Q4 Adj. EPS Misses Estimates

Webster Financial Q4 Adj. EPS Misses Estimates

Bank holding company Webster Financial Corp. (WBS) on Thursday reported that fourth quarter net income available to common shareholders was $240.59 million or $1.38 per share, compared to $109.07 million or $1.20 per share in the prior-year quarter.

RTTNews | 717 days ago

Webster Financial Q2 Adj. EPS Tops Estimates

Webster Financial Q2 Adj. EPS Tops Estimates

Bank holding company Webster Financial Corp. (WBS) on Thursday reported that second-quarter net income available to common shareholders was $178.15 million or $1.00 per share, compared to $92.07 million or $1.01 per share in the prior-year quarter.

RTTNews | 906 days ago

Malaysia Bourse May Give Up Support At 1,600 Points

Malaysia Bourse May Give Up Support At 1,600 Points

The Malaysia stock market on Friday ended the two-day losing streak in which it had dropped almost 30 points or 1.9 percent. The Kuala Lumpur Composite Index now rests just above the 1,600-point plateau although it's tipped to open under pressure again on Monday.

RTTNews | 5h 10min ago

Continued Consolidation Called For South Korea Shares

Continued Consolidation Called For South Korea Shares

The South Korea stock market on Friday wrote a finish to the five-day winning streak in which it had surged more than 120 points or 4.8 percent. The KOSPI now sits just above the 2,515-point plateau and the losses may accelerate on Monday.

RTTNews | 5h 40min ago

China Trade Data Due On Monday

China Trade Data Due On Monday

China will on Monday release December figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 6h 40min ago

New Zealand Building Permits Rebound In November

New Zealand Building Permits Rebound In November

The number of building consents issued in New Zealand was up a seasonally adjusted 5.3 percent on month in November, Statistics New Zealand said on Monday - erasing the 5.2 percent decline in October.

RTTNews | 6h 49min ago

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