Webster Financial (WBS) Tops Q3 EPS by 3c

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Webster Reports Record Third Quarter 2017 Earnings

October 19, 2017 7:30 AM EDT

WATERBURY, Conn., Oct. 19, 2017 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced earnings applicable to common shareholders of $62.4 million, or $0.67 per diluted share, for the quarter ended September 30, 2017 compared to $49.6 million, or $0.54 per diluted share, for the quarter ended September 30, 2016.

"We are pleased to report another quarter of record earnings, which exceeded Webster's cost of capital once again," said James C. Smith, chairman and chief executive officer. "We have achieved 32 consecutive quarters of year-over-year revenue... More