Webster Reports Second Quarter 2020 Earnings Of $0.57 Per Diluted Share

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Webster Financial (WBS) Tops Q2 EPS by 9c, Revenues Beat

July 23, 2020 7:38 AM EDT

Webster Financial (NYSE: WBS) reported Q2 EPS of $0.57, $0.09 better than the analyst estimate of $0.48. Revenue for the quarter came in at $284.5 million versus the consensus estimate of $230.22 million.

Highlights for the second quarter of 2020:

Revenue of $284.5 million.Loan growth of $2.5 billion, or 13.1 percent from a year ago, led by commercial... More