Webster Q4 2022 adj. EPS $1.60; net income $240.6M; NIM 3.74% up 20bps QoQ

WEBSTER FINANCIAL CORP

2022-FY EPS reported $3.72 revenue$2,475,069,000

GAAP diluted EPS $1.38; adjusted EPS $1.60, excluding $50.4M pre-tax merger and balance sheet repositioning charges.
Net income available to common stockholders $240.6M, up from $109.1M in Q4 2021; revenue $704.6M.
Net interest margin 3.74%, up 20 bps from prior quarter; period-end loans $49.8B, deposits $54.1B.
Provision for credit losses $43.0M; common equity Tier 1 ratio 10.71%.
Full year 2022 net income $628.4M ($3.72 diluted EPS); includes $433.2M of merger-related and other charges.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WEBSTER FINANCIAL CORP reported the quarter ended December 31, 2022 results: revenue $704.6 million, net income $240.6 million, EPS $1.38 per diluted share.

Period: the quarter ended December 31, 2022
Revenue: $704.6 million
Net income: $240.6 million
EPS: $1.38 per diluted share
Result: reported results

Exact text from the filing

with our financial performance, we are equally proud of the progress we have made from a culture and talent perspective." Highlights for the fourth quarter of 2022: • Revenue of $704.6 million. • Period end loan and lease balance of $49.8 billion; 81 percent commercial loans and leases, 19 percent consumer loans, and a loan to deposit ratio of 92 percent. • Period end

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WEBSTER FINANCIAL CORP reported the full year 2022 results: net income $628.4 million, EPS $3.72 per diluted share.

Period: the full year 2022
Net income: $628.4 million
EPS: $3.72 per diluted share
Result: reported results

Exact text from the filing

For the full year 2022, net income available to common stockholders was $628.4 million, or $3.72 per diluted share

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Source: SEC EDGAR

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