Webster Financial Q3 Earnings Miss Estimates, Revenues Decline Y/Y [Yahoo! Finance]
Webster Financial Corporation (WBS)
Last webster financial corporation earnings: 4/21 07:30 am
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US:NYSE Investor Relations:
webster.gcs-web.com/investor-overview
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Source: Yahoo! Finance
Webster Financial WBS reported adjusted third-quarter 2024 earnings per share (EPS) of $1.34, which missed Zacks Consensus Estimate of $1.35. This compares unfavorably with earnings of $1.55 reported a year ago. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. Results were affected by a fall in non-interest income and higher provisions. However, lower expenses and increased net interest income (NII) offered some support. Net income applicable to common shareholders (GAAP basis) was $188.8 million, down 15.1% from the prior-year quarter. Webster Financial's Revenues & Expenses Decline Y/Y WBS' total revenues in the quarter dropped 4.4% year over year to $647.6 million. The top line lagged the Zacks Consensus Estimate by 3.8%. NII increased marginally year over year to $589.9 million. The net interest margin was 3.36%, down 13 basis points (bps). Non-interest income was $57.7 million, down 36.1% year over year. This includes a $19.6-million
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WBS
News
- Webster Lowers Prime Lending Rate to 7.50 PercentBusiness Wire
- Webster Financial Co. (NYSE: WBS) is now covered by analysts at UBS Group AG. They set a "buy" rating on the stock.MarketBeat
- Webster Financial (NYSE:WBS) Eyes Growth in Health Savings Accounts Amid CRE Challenges and Shareholder Returns [Yahoo! Finance]Yahoo! Finance
- Webster Financial Co. (NYSE: WBS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Institutional owners may ignore Webster Financial Corporation's (NYSE:WBS) recent US$372m market cap decline as longer-term profits stay in the green [Yahoo! Finance]Yahoo! Finance
WBS
Earnings
- 10/17/24 - Miss
WBS
Sec Filings
- 12/3/24 - Form 4
- 11/29/24 - Form 144
- 11/27/24 - Form 4
- WBS's page on the SEC website