Webster Financial (WBS) Misses Q1 EPS by 2c

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Go back to Webster Financial (WBS) Misses Q1 EPS by 2c

Webster Reports 2016 First Quarter Earnings

April 19, 2016 7:30 AM EDT

WATERBURY, Conn., April 19, 2016 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., today announced earnings applicable to common shareholders of $46.5 million, or $0.51 per diluted share, for the quarter ended March 31, 2016 compared to $46.9 million, or $0.52 per diluted share, for the quarter ended March 31, 2015.

"Solid quarterly results underscore Webster's sustained progress in executing growth strategies that maximize value to customers and shareholders.  Both loans and revenue grew more than 10 percent, and total assets neared $25 billion," said James C. Smith, chairman and chief executive officer. "Our recent Boston... More