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
Check Earnings Report
US:NYSE Investor Relations:
webster.gcs-web.com/investor-overview
Company Research
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
Show less
Read more
Impact Snapshot
Event Time:
WBS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WBS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WBS alerts
High impacting Webster Financial Corporation news events
Weekly update
A roundup of the hottest topics
WBS
News
- Webster Financial Co. (NYSE: WBS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Webster Lowers Prime Lending Rate to 7.75 PercentBusiness Wire
- Webster Financial Co. (NYSE: WBS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Webster Financial (NYSE:WBS) Will Pay A Dividend Of $0.40 [Yahoo! Finance]Yahoo! Finance
- Webster Financial declares $0.40 dividend [Seeking Alpha]Seeking Alpha
WBS
Earnings
- 10/17/24 - Miss
WBS
Sec Filings
- 11/20/24 - Form 144
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- WBS's page on the SEC website