earnings
confidence high
sentiment positive
materiality 0.75
Webster Q1 adj EPS $1.24 beats $1.17 YoY; GAAP loss ($0.14) on merger costs
WEBSTER FINANCIAL CORP
2022-Q1 EPS reported
-$0.14
revenue$65,131,000
- GAAP net loss $(20.2)M ($0.14/sh); adjusted EPS $1.24 vs $1.17 in Q1 2021.
- Merger with Sterling Bancorp closed Jan 31, 2022, adding $279.5M pre-tax merger-related charges.
- Revenue $498.3M; loans $43.5B, deposits $54.4B; net interest margin 3.21%.
- Board authorized $600M share repurchase; CET1 ratio 11.42%.
- Acquired Bend Financial to enhance HSA digital platform.