Webster Reports Second Quarter 2018 Earnings

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Go back to Webster Reports Second Quarter 2018 Earnings

Webster Financial (WBS) Tops Q2 EPS by 5c, Revenues Beat

July 19, 2018 7:33 AM EDT

Webster Financial (NYSE: WBS) reported Q2 EPS of $0.92, $0.05 better than the analyst estimate of $0.87. Revenue for the quarter came in at $293.4 million versus the consensus estimate of $222.44 million.

Earnings applicable to common shareholders of $79.5 million, or $0.86 per diluted share, for the quarter ended June 30, 2018 compared to $59.5 million, or $0.64 per diluted share, for the quarter ended June 30, 2017.Adjusting for $7.2 million related to an accrual for deposit insurance assessments for periods prior to 2018 and $1.4 million of banking center optimization expenses, earnings per diluted share would have been... More