Webster Financial Corp. (WBS) Tops Q1 EPS by 1c

Webster Financial Corp. (NYSE: WBS) reported Q1 EPS of $0.50, $0.01 better than the analyst estimate of $0.49.

Highlights:

• Combined growth in commercial and commercial real estate loans of $975.7 million, or 15.9 percent, from a year ago. Overall loan growth of $992.7 million, or 8.3 percent, from a year ago.
• Deposit growth of $416.1 million, or 2.9 percent, from a year ago.
• An efficiency ratio of 60.34 percent improved by 182 basis points from a year ago. Positive operating leverage of 3.4 percent year over year.
• Record net interest income of $155.3 million. Highest pre-tax income since the third quarter of 2004.

For earnings history and earnings-related data on Webster Financial Corp. (WBS) click here.

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