Webster Q1 GAAP EPS $1.23, adjusted $1.35; revenue $667.1M; NIM 3.35%

WEBSTER FINANCIAL CORP

2024-Q1 EPS reported $1.23 revenue$667,092,000

Net income $212.2M ($1.23 diluted) vs $216.8M ($1.24) a year ago; adjusted EPS $1.35.
Revenue $667.1M; net interest income $567.7M; net interest margin 3.35% (down 7 bps QoQ).
Loan balance $51.1B (+0.7% QoQ); deposits $60.7B ( $36.5M QoQ) but core deposits +$1.5B.
Provision for credit losses $45.5M; net charge-offs $37.5M (0.29% of avg loans); NPLs $283.6M (0.56%).
CET1 ratio 10.51%; tangible common equity ratio 7.15%; efficiency ratio 45.25%.

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 the quarter ended March 31, 2024 results: EPS $1.23 per diluted share.

Period: the quarter ended March 31, 2024
EPS: $1.23 per diluted share
Result: reported results

Exact text from the filing

On April 23, 2024, Webster Financial Corporation (the Company) issued a press release reporting its results of operations for the quarter ended March 31, 2024.

View on SEC.gov

1447 earnings releases filed in the last 30 days. Browse all earnings releases →

WEBSTER FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000801337-24-000010

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.