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

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

Webster Reports Second Quarter 2018 Earnings

July 19, 2018 7:30 AM EDT

WATERBURY, Conn., July 19, 2018 /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 $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 $0.92.

"Webster's second quarter results reflect continued progress in... More