secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0000801337-23-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133723000028/0000801337-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133723000028/wbs-20230720.htm
  HTML page:      https://secwatch.observer/filing/0000801337-23-000028

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