Webster Financial (WBS) Tops Q2 EPS by 1c

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Go back to Webster Financial (WBS) Tops Q2 EPS by 1c

Webster Reports 2016 Second Quarter Earnings

July 20, 2016 7:30 AM EDT

WATERBURY, Conn., July 20, 2016 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., today announced earnings applicable to common shareholders of $48.4 million, or $0.53 per diluted share, for the quarter ended June 30, 2016 compared to $49.8 million, or $0.55 per diluted share, for the quarter ended June 30, 2015. The second quarter of 2015 included a $3.7 million net tax benefit, or $0.04 per diluted share.

"Double-digit loan growth once again propelled strong revenue growth as Webster bankers continued to excel in service to businesses and consumers," said James C. Smith, chairman and chief... More