Webster Financial (WBS) Tops Q2 EPS by 4c

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Go back to Webster Financial (WBS) Tops Q2 EPS by 4c

WEBSTER REPORTS SECOND QUARTER 2022 EPS OF $1.00; ADJUSTED EPS OF $1.29

July 21, 2022 7:30 AM EDT

STAMFORD, Conn., July 21, 2022 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced net income available to common shareholders of $178.1 million, or $1.00 per diluted share, for the quarter ended June 30, 2022, compared to $92.1 million, or $1.01 per diluted share, for the quarter ended June 30, 2021.

Second quarter 2022 results include $66.5 million pre-tax, ($50.5 million after tax), or $0.29 per diluted share, of merger-related expenses. Excluding these expenses, earnings per diluted share would have been $1.29... More