secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0000801337-22-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Q2 GAAP EPS $1.00, adjusted $1.29; revenue $607.6M on Sterling merger
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- Net income available to common shareholders $178.1M ($1.00 diluted EPS); adjusted EPS $1.29 excluding $66.5M merger costs.
- Total revenue $607.6M; net interest income $486.7M, net interest margin 3.28%.
- Period-end loans $45.6B (+$22.1B YoY), deposits $53.1B (+$24.3B YoY), largely from Jan 31 Sterling merger.
- Provision for credit losses $12.2M vs benefit $21.5M a year ago; net charge-offs $9.6M (0.09% annualized).
- CET1 ratio 11.04%; repurchased $100M in shares during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133722000038/0000801337-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133722000038/wbs-20220721.htm
  HTML page:      https://secwatch.observer/filing/0000801337-22-000038

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