secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0000801337-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133723000033/0000801337-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133723000033/wbs-20231019.htm
  HTML page:      https://secwatch.observer/filing/0000801337-23-000033

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