secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0000801337-24-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Q3 EPS $1.10 GAAP, $1.34 adjusted; net income down 15% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133724000026/0000801337-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133724000026/wbs-20241017.htm
  HTML page:      https://secwatch.observer/filing/0000801337-24-000026

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