secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000801337-24-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Q2 2024 EPS $1.03 (down from $1.32); adj $1.26; loans up 0.9% QoQ
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- Net income available to common $177.5M, EPS $1.03; adjusted EPS $1.26 (excl $49.9M securities repositioning loss).
- Revenue $614.6M; NII $572.3M, NIM 3.32% (down 3 bps QoQ).
- Loans $51.6B (+0.9% QoQ), deposits $62.3B (+2.5% QoQ); core deposits 87.5% of total.
- Provision for credit losses $59.0M, net charge-offs $33.1M; NPLs $368.8M (0.72% of loans, up from 0.56% prior qtr).
- CET1 ratio 10.62%; tangible common equity ratio 7.18%; ROTCE 14.17% (adjusted 17.15%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133724000022/0000801337-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133724000022/wbs-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000801337-24-000022

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