Interest Income: | |
Interest and fees on loans and leases | 157.07M |
Taxable interest and dividends on securities | 43.38M |
Non-taxable interest and dividends on securities | 4.82M |
Loans held for sale | 440K |
Total interest income | 205.72M |
Interest Expense: | |
Deposits | 12.59M |
Repurchase agreements and other short-term borrowings | |
Federal Home Loan Bank advances | 6.98M |
Long-term debt | 2.5M |
Total interest expense | 25.52M |
Net interest income | 180.2M |
Provision for loan and leases losses | 14.25M |
Net interest income after provision for loan and lease losses | 165.95M |
Non-interest Income: | |
Deposit service fees | 35.73M |
Loan related fees | |
Wealth and investment services | |
Mortgage banking activities | |
Increase in cash surrender value of life insurance policies | 3.74M |
Net gain (loss) on trading securities | |
Net gain on sale of investment securities | |
Total other-than-temporary impairment losses on securities | |
Portion of the loss recognized in other comprehensive income | |
Net impairment losses recognized in earnings | |
Other income | 5.77M |
Total non-interest income | 66.41M |
Non-interest Expense: | |
Compensation and benefits | 83.15M |
Occupancy | 15M |
Technology and equipment expense | |
Intangible assets amortization | 1.49M |
Marketing | 4.62M |
Professional and outside services | 4.8M |
Deposit insurance | 6.18M |
Litigation reserve | |
Other expenses | 21.11M |
Total non-interest expense | 156.1M |
Income from continuing operations before income tax expense | 76.26M |
Income tax expense | 24.45M |
Income from continuing operations | |
Income from discontinued operations, net of tax | |
Consolidated net income | |
Less: Net income (loss) attributable to non controlling interests | |
Net income attributable to Webster Financial Corporation | 51.82M |
Preferred stock dividends | -2.18M |
Accretion of preferred stock discount | |
Net income available to common shareholders | 49.63M |
Basic | |
Income from continuing operations | |
Net income available to common shareholders | 0.54 |
Diluted | |
Income from continuing operations | |
Net income available to common shareholders | 0.54 |