secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000801337-23-000016
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 EPS $1.24, adjusted $1.49; revenue $666.0M, net income $216.8M
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- Net income available to common stockholders of $216.8M vs. $(20.2)M loss in Q1 2022.
- Adjusted EPS of $1.49 excludes $56.6M pre-tax merger & balance sheet repositioning charges.
- Period-end loans up 2.3% linked quarter to $50.9B; deposits up 2.3% to $55.3B.
- Net interest margin 3.66%, down 8 bps from prior quarter; provision for credit losses $46.7M.
- Common equity tier 1 ratio 10.40%; return on average tangible common equity 17.66%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133723000016/0000801337-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133723000016/wbs-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000801337-23-000016

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