Webster Financial (WBS) Tops Q1 EPS by 25c

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Go back to Webster Financial (WBS) Tops Q1 EPS by 25c

Webster Reports First Quarter 2021 Earnings Of $1.17 Per Diluted Share

April 19, 2021 6:50 AM EDT

WATERBURY, Conn., April 19, 2021 /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 $105.5 million, or $1.17 per diluted share, for the quarter ended March 31, 2021, compared to $36.0 million, or $0.39 per diluted share, for the quarter ended March 31, 2020. Earnings per diluted share would have been $1.25 for the quarter ended March 31, 2021, adjusting for $9.4 million ($6.9 million after tax) of charges related to strategic optimization initiatives.

"We continued to make meaningful progress on our strategic initiatives... More