earnings
confidence high
sentiment positive
materiality 0.75
Webster Q3 2022 EPS $1.31 GAAP, $1.46 adjusted; revenue $664.6M
WEBSTER FINANCIAL CORP
2022-Q3 EPS reported
$2.32
revenue$205,821,000
- Net income available to common shareholders $229.8M, vs $93.7M a year ago.
- Net interest margin 3.54% (up 26 bps QoQ); loan balance $47.8B, deposits $54.0B.
- Provision for credit losses $36.5M; net charge-offs $28.5M vs $0.9M a year ago.
- Merger & strategic charges $36.8M pre-tax; repurchased $100M in shares.
- Commercial Banking PPNR $271.6M (+118% YoY); HSA Bank pre-tax net $47.7M.