earnings
confidence high
sentiment negative
materiality 0.75
Webster Q3 EPS $1.10 GAAP, $1.34 adjusted; net income down 15% YoY
WEBSTER FINANCIAL CORP
2024-Q3 EPS reported
$3.36
revenue$1,929,311,000
- Net income available to common $188.8M ($1.10 diluted) vs $222.3M ($1.28) in Q3 2023.
- Adjusted EPS $1.34 excludes $56.2M pre-tax in securities repositioning losses, restructuring costs.
- Period-end loans $51.9B (+0.7% QoQ); deposits $64.5B (+3.6% QoQ) with core deposit growth $2.6B.
- Net interest margin 3.36% (+4 bps QoQ); efficiency ratio 45.49%.
- Nonperforming loans $425.6M (0.82% of loans) vs $368.8M (0.72%) prior quarter.