Webster Financial Corporation

WBS

US9478901096

Banks

Market Closed - Nyse Other stock markets 04:00:01 2024-04-26 pm EDT			5-day change	1st Jan Change
45.03 ^USD	-0.99%		-2.93%	-11.29%

Apr. 24	Webster Financial Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on May 16, 2024	CI
Apr. 24	Barclays Adjusts Webster Financial Price Target to $65 From $70, Maintains Overweight Rating	MT

Webster Financial Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

January 23, 2024 at 07:30 am EST

Webster Financial Corporation reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 571.02 million compared to USD 602.38 million a year ago. Net income was USD 185.39 million compared to USD 244.75 million a year ago.

Basic earnings per share from continuing operations was USD 1.05 compared to USD 1.38 a year ago. Diluted earnings per share from continuing operations was USD 1.05 compared to USD 1.38 a year ago.

Latest news about Webster Financial Corporation

Webster Financial Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on May 16, 2024	Apr. 24	CI
Barclays Adjusts Webster Financial Price Target to $65 From $70, Maintains Overweight Rating	Apr. 24	MT
JPMorgan Adjusts Price Target on Webster Financial to $63 From $65, Keeps Overweight Rating	Apr. 24	MT
Keefe, Bruyette & Woods Adjusts Price Target on Webster Financial to $58 From $64, Maintains Outperform Rating	Apr. 24	MT
RBC Cuts Price Target on Webster Financial to $54 From $57, Keeps Outperform Rating	Apr. 24	MT
Wedbush Cuts Price Target on Webster Financial to $50 From $54, Keeps Neutral Rating	Apr. 24	MT
Transcript : Webster Financial Corporation, Q1 2024 Earnings Call, Apr 23, 2024	Apr. 23
Webster Financial's Q1 Earnings Fall, Revenue Rises	Apr. 23	MT
Earnings Flash (WBS) WEBSTER FINANCIAL CORPORATION Posts Q1 EPS $1.35, vs. Street Est of $1.41	Apr. 23	MT
Webster Financial Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 23	CI
Webster Financial Corporation Announces Net Charge Offs for the Quarter Ended March 31, 2024	Apr. 23	CI
Regional Banks Showing Consistent First-Quarter Trends With Upcoming Margin Trough, RBC Says	Apr. 09	MT
US Regional Banks Likely to Show Consistent Trends in Q1 as Margins Near Trough Levels, RBC Says	Apr. 09	MT
RBC Cuts Price Target on Webster Financial to $57 From $59, Keeps Outperform Rating	Apr. 09	MT
Webster Financial CFO Glenn MacInnes to Retire	Mar. 25	MT
Webster Financial CFO MacInnes to retire	Mar. 25	RE
Webster CFO MacInnes to retire	Mar. 25	RE
Webster Financial Corporation Announces Glenn MacInnes Intends to Retire as Executive Vice President	Mar. 25	CI
Webster Financial Corporation Announces Retirement of Glenn MacInnes as Chief Financial Officer	Mar. 25	CI
Barclays Starts Coverage on Webster Financial With Overweight Rating, $70 Price Target	Mar. 08	MT
Tranche Update on Webster Financial Corporation's Equity Buyback Plan announced on November 6, 2017.	Feb. 27	CI
Webster Financial Corporation Announces Executive Changes, Effective as of February 1, 2024	Jan. 30	CI
Webster Financial Insider Sold Shares Worth $697,070, According to a Recent SEC Filing	Jan. 30	MT
Webster Financial Corporation Declares Quarterly Cash Dividend, Payable on February 16, 2024	Jan. 24	CI
Keefe, Bruyette & Woods Raises Price Target on Webster Financial to $64 From $62, Maintains Outperform Rating	Jan. 24	MT

Chart Webster Financial Corporation

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Company Profile

Webster Financial Corporation is the holding company for Webster Bank, N.A. and its HSA Bank division. The Company's segments include Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment serves businesses with more than two million dollars of revenue through its commercial real estate and equipment finance, business banking, asset-based lending and commercial services, private banking, treasury management and other business units. The HSA Bank segment offers a comprehensive consumer-directed employee benefit and healthcare solution that includes health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter benefits. The Consumer Banking segment operates a distribution network, throughout southern New England and the New York metro and suburban markets, that comprises approximately 198 banking centers and 349 automated teller machines, a customer care center and a full range of Web and mobile-based banking services.

Sector

Banks

Calendar

2024-07-17 - Q2 2024 Earnings Release (Projected)

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Ratings for Webster Financial Corporation

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

45.03 USD

Average target price

57.31 USD

Spread / Average Target

+27.28%

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EPS Revisions

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Quarterly earnings - Rate of surprise

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