secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0000801337-22-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Q1 adj EPS $1.24 beats $1.17 YoY; GAAP loss ($0.14) on merger costs
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133722000022/0000801337-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133722000022/wbs-20220428.htm
  HTML page:      https://secwatch.observer/filing/0000801337-22-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer