Webster Financial (WBS) Tops Q3 EPS by 4c, Revenues Beat

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Webster Reports Third Quarter 2018 Earnings

October 18, 2018 7:31 AM EDT

WATERBURY, Conn., Oct. 18, 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 $97.5 million, or $1.06 per diluted share, for the quarter ended September 30, 2018 compared to $62.4 million, or $0.67 per diluted share, for the quarter ended September 30, 2017. Adjusting for $2.9 million related to the final accrual for deposit insurance assessments for periods prior to 2018 and $8.5 million of discrete tax benefits specific to the quarter, earnings per diluted share would have been $0.98.  

"Webster's third quarter results... More