Webster Financial (WBS) Tops Q2 EPS by 2c

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Go back to Webster Financial (WBS) Tops Q2 EPS by 2c

Webster Reports Second Quarter 2021 Earnings Of $1.01 Per Diluted Share

July 22, 2021 7:30 AM EDT

WATERBURY, Conn., July 22, 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 $91.6 million, or $1.01 per diluted share, for the quarter ended June 30, 2021, compared to $50.7 million, or $0.57 per diluted share, for the quarter ended June 30, 2020. Earnings per diluted share would have been $1.21 for the quarter ended June 30, 2021, adjusting for $18.2 million ($17.6 million after tax) of charges related to merger and strategic optimization initiatives.

"We generated strong business performance in the quarter,... More