secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0000801337-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Q4 GAAP EPS $1.05, adjusted $1.46; revenue $634.8M; includes $94.7M charges
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- GAAP EPS $1.05; adjusted EPS $1.46; net income $181.2M.
- Revenue $634.8M; NIM 3.42% (down 7 bps QoQ); loans $50.7B, deposits $60.8B.
- Provision for credit losses $36.0M; net charge-offs $34.0M (0.27% of avg loans); allowance 1.25% of loans.
- Results include $94.7M pre-tax charges ($0.41/share) for FDIC assessment, merger costs, securities repositioning.
- CET1 ratio 11.12%; tangible book value $32.39/share; return on avg tangible common equity 14.49% (adjusted 19.83%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133724000003/0000801337-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133724000003/wbs-20240123.htm
  HTML page:      https://secwatch.observer/filing/0000801337-24-000003

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