Webster Financial Corporation

WBS

US9478901096

Banks

Market Closed - Nyse Other stock markets 04:00:01 2024-04-16 pm EDT			5-day change	1st Jan Change
45.34 ^USD	-1.07%		-6.73%	-10.68%

Apr. 09	Regional Banks Showing Consistent First-Quarter Trends With Upcoming Margin Trough, RBC Says	MT
Apr. 09	US Regional Banks Likely to Show Consistent Trends in Q1 as Margins Near Trough Levels, RBC Says	MT

Webster Financial Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022

July 21, 2022 at 07:36 am EDT

Webster Financial Corporation reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 486.66 million compared to USD 220.85 million a year ago. Net income was USD 182.31 million compared to USD 94.04 million a year ago. Basic earnings per share from continuing operations was USD 1 compared to USD 1.02 a year ago. Diluted earnings per share from continuing operations was USD 1 compared to USD 1.01 a year ago.
For the six months, net interest income was USD 880.91 million compared to USD 444.62 million a year ago. Net income was USD 165.56 million compared to USD 202.11 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 2.19 a year ago. Diluted earnings per share from continuing operations was USD 0.97 compared to USD 2.19 a year ago.

Latest news about Webster Financial Corporation

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
Raymond James Adjusts Price Target on Webster Financial to $60 From $57, Maintains Outperform Rating	Jan. 24	MT
JPMorgan Upgrades Webster Financial to Overweight From Neutral, Raises Price Target to $65 From $60	Jan. 24	MT
Transcript : Webster Financial Corporation, Q4 2023 Earnings Call, Jan 23, 2024	Jan. 23
Webster Financial Q4 Earnings, Revenue Decline	Jan. 23	MT
Webster Financial Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 23	CI
Earnings Flash (WBS) WEBSTER FINANCIAL CORPORATION Posts Q4 EPS $1.46, vs. Street Est of $1.48	Jan. 23	MT
Webster Financial Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 23	CI
Webster Financial Corporation Reports Net Charge Offs for the Quarter Ended December 31, 2023	Jan. 23	CI
North American Morning Briefing : Stock Futures -2-	Jan. 23	DJ
BofA Securities Starts Webster Financial With Buy Rating, $60 Price Target	Jan. 11	MT
RBC Capital Adjusts Price Target on Webster Financial to $59 From $48, Maintains Outperform Rating	Jan. 10	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

2024-04-23 - Q1 2024 Earnings Release

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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

45.83 USD

Average target price

59.94 USD

Spread / Average Target

+30.78%

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