Webster Financial: 3Q Earnings Snapshot
WATERBURY, Conn. (AP) _ Webster Financial Corp. (WBS) on Thursday reported third-quarter earnings of $99.7 million.
The Waterbury, Connecticut-based bank said it had earnings of $1.06 per share. Earnings, adjusted for non-recurring gains, were 98 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The holding company for Webster Bank posted revenue of $340.6 million in the period. Its revenue net of interest expense was $302.7 million, also topping Street forecasts. Seven analysts surveyed by Zacks expected $299.3 million.
Webster Financial shares have increased 6 percent since the beginning of the year. The stock has climbed 14 percent in the last 12 months.