secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0000801337-22-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Q3 2022 EPS $1.31 GAAP, $1.46 adjusted; revenue $664.6M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133722000044/0000801337-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133722000044/wbs-20221020.htm
  HTML page:      https://secwatch.observer/filing/0000801337-22-000044

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