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Stock impact report

Webster Reports Second Quarter 2019 Earnings Of $1.05 Per Share

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: PR Newswire
WATERBURY, Conn., July 18, 2019 /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 $96.2 million, or $1.05 per diluted share, for the quarter ended June 30, 2019, compared to $79.5 million, or $0.86 per diluted share, for the quarter ended June 30, 2018. Earnings per diluted share would have been $0.92 for the quarter ended June 30, 2018, adjusting for one-time expenses of $8.6 million."Webster's solid performance continued in the second quarter as we've now posted four consecutive quarters with return on common equity above 13 percent," said John R. Ciulla, president and chief executive officer. "Tangible book value per share is 15 percent higher than a year ago even as we increased the quarterly common dividend by 21 percent in April."Highlights for the second quarter of 2019 compared to prior year:Revenue of $317.6 million, an increase of 8.3 p Show less Read more
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