Webster Reports First Quarter 2024 EPS of $1.23; Adjusted EPS of $1.35
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
Company Research
Source: Business Wire
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation ("Webster") (NYSE: WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $212.2 million, or $1.23 per diluted share, for the quarter ended March 31, 2024, compared to $216.8 million, or $1.24 per diluted share, for the quarter ended March 31, 2023.First quarter 2024 results include $13.2 million pre-tax ($20.8 million after tax), or $0.121 per diluted share, of net charges related to an increase in the FDIC special assessment estimate, Ametros acquisition expenses, securities repositioning, a net gain on sale of mortgage servicing rights ("MSRs"), and a discrete tax adjustment. Excluding these items, adjusted earnings per diluted share would have been $1.351 for the quarter ended March 31, 2024."We reported solid results in the first quarter, including an adjusted return on assets of 1.26 percent and an adjusted return on tangible common equity of 17.85 percen
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WBS
News
- Webster Financial (NYSE:WBS) Is Due To Pay A Dividend Of $0.40 [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
- Webster Financial Corporation Declares Common and Preferred DividendsBusiness Wire
- Webster Financial Co. (NYSE: WBS) had its price target lowered by analysts at Royal Bank of Canada from $57.00 to $54.00. They now have an "outperform" rating on the stock.MarketBeat
- Webster Financial Co. (NYSE: WBS) had its price target lowered by analysts at Citigroup Inc. from $60.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
WBS
Earnings
- 4/23/24 - Miss
WBS
Sec Filings
- 5/2/24 - Form 4
- 5/1/24 - Form 144
- 4/26/24 - Form 8-K
- WBS's page on the SEC website