Webster Financial (WBS) Tops Q3 EPS by 1c

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Webster Reports 2016 Third Quarter Earnings

October 21, 2016 7:30 AM EDT

WATERBURY, Conn., Oct. 21, 2016 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., today announced earnings applicable to common shareholders of $49.6 million, or $0.54 per diluted share, for the quarter ended September 30, 2016 compared to $49.2 million, or $0.53 per diluted share, for the quarter ended September 30, 2015.

"Strong commercial loan growth, an increase in the net interest margin, and solid growth in non-interest income produced Webster's 28th consecutive quarter of year-over-year revenue growth and solid earnings," said James C. Smith, chairman and chief executive officer. "Credit quality improved further,... More