Webster Q2 2023 EPS $1.32 ($1.50 adjusted); deposits up 6% linked quarter

WEBSTER FINANCIAL CORP

2023-Q2 EPS reported $2.57 revenue$121,204,000

Net income available to common $230.8M ($1.32 diluted); adjusted EPS $1.50 (ex. $40.8M pre-tax merger charges).
Revenue $673.2M; net interest margin 3.35%, down 31bp linked quarter due to liquidity build.
Period-end deposits $58.7B (+$3.5B, +6.2% linked); loans $51.6B (+$0.7B, +1.4% linked).
Common equity tier 1 ratio 10.66%; return on avg tangible common equity 18.12% (adjusted 20.40%).
Nonperforming loans $218.9M (0.42% of loans), up from 0.36% prior quarter; net charge-offs 0.16%.

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 financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On July 20, 2023, Webster Financial Corporation (the Company) issued a press release reporting its results of operations for the quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0000801337-23-000028

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