Webster Q3 2023 GAAP EPS $1.28, Adj. EPS $1.55; deposits up 2.7% QoQ to $60.3B

WEBSTER FINANCIAL CORP

2023-Q3 EPS reported $3.85 revenue$179,596,000

Net income available to common of $222.3M ($1.28 diluted), vs $229.8M ($1.31) year ago.
Adjusted EPS of $1.55 excludes $61.6M pre-tax merger charges ($0.27 per share).
Revenue $677.5M; net interest margin 3.49% (up 14 bps QoQ).
Period-end loans $50.1B (down 3% QoQ); deposits $60.3B (up 2.7% QoQ).
Provision for credit losses $36.5M; CET1 ratio 11.15%.

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 0.95

WEBSTER FINANCIAL CORP reported the quarter ended September 30, 2023 results: revenue $677.5 million, net income $222.3 million, EPS $1.28 per diluted share.

Period: the quarter ended September 30, 2023
Revenue: $677.5 million
Net income: $222.3 million
EPS: $1.28 per diluted share
Result: reported results

Exact text from the filing

milestone in the completion of our integration. We continue to be well positioned for the current operating environment." Highlights for the third quarter of 2023: • Revenue of $677.5 million. • Period end loans and leases balance of $50.1 billion, down $1.5 billion or 3.0 percent from prior quarter; 80.4 percent commercial loans and leases, 19.6 percent consumer

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Source: SEC EDGAR

accession 0000801337-23-000033

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