secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2025-01-17T23:59:59+00:00
Accession:  0000801337-25-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Q4 GAAP EPS $1.01 vs $1.05 YoY; adjusted EPS $1.43; loan growth 1.1% QoQ; NPLs rise to 0.88%
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- GAAP net income $173.6M ($1.01 diluted EPS) includes $56.9M securities loss and $29.4M DTA adjustment; adjusted EPS $1.43 vs $1.46 YoY.
- Total revenue $661.0M; net interest income $608.5M (+6.6% YoY) with NIM of 3.39%.
- Loans and leases $52.5B, up $0.6B QoQ; deposits $64.8B, up $0.2B QoQ; loan-to-deposit ratio 81.1%.
- Provision for credit losses $63.5M; net charge-offs $60.9M (0.47% of avg loans) vs $34.0M (0.27%) a year ago.
- Nonperforming loans $461.3M (0.88% of loans) vs $209.5M (0.41%) at Dec 2023; allowance coverage 149% of NPLs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133725000002/0000801337-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133725000002/wbs-20250117.htm
  HTML page:      https://secwatch.observer/filing/0000801337-25-000002

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