Webster Financial (WBS) Tops Q4 EPS by 7c, Revenues Beat

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Go back to Webster Financial (WBS) Tops Q4 EPS by 7c, Revenues Beat

Webster Reports Fourth Quarter 2018 Earnings Of $1.05 Per Share

January 24, 2019 7:30 AM EST

WATERBURY, Conn., Jan. 24, 2019 /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 $96.7 million, or $1.05 per diluted share, for the quarter ended December 31, 2018 compared to $67.7 million, or $0.73 per diluted share, for the quarter ended December 31, 2017. Adjusting for $4.6 million related to a gain on the sale of six banking centers, earnings per diluted share would have been $1.01.

"Webster's results in the fourth quarter and in all of 2018 demonstrate the positive outcomes in... More