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Webster Financial Q3 2023 Earnings Report

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$54.99 +0.86 (+1.59%)
(As of 12/20/2024 05:31 PM ET)

Webster Financial EPS Results

Actual EPS
$1.55
Consensus EPS
$1.49
Beat/Miss
Beat by +$0.06
One Year Ago EPS
$1.46

Webster Financial Revenue Results

Actual Revenue
$677.50 million
Expected Revenue
$686.11 million
Beat/Miss
Missed by -$8.61 million
YoY Revenue Growth
+1.90%

Webster Financial Announcement Details

Quarter
Q3 2023
Time
Before Market Opens

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Webster Financial Earnings Headlines

Webster Financial (WBS) Receives a Buy from Deutsche Bank
Webster Financial price target raised to $73 from $69 at Barclays
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Webster Financial Corporation (WBS) Stock Forecasts
Webster Financial lowers prime lending rate to 7.50%
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About Webster Financial

Webster Financial (NYSE:WBS) operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment offers commercial real estate and equipment financing, business banking, asset-based lending, and commercial services; public sector finance; mortgage warehouse financing; sponsor and specialty financing services; credit, deposit, and cash flow management services; and wealth management solutions to business owners and operators, including trust, asset management, financial planning, insurance, retirement, and investment products, as well as treasury management services comprising derivative, treasury, accounts payable, accounts receivable, and trade products and services. This segment also provides commercial services, such as accounts receivable factoring and trade financing, payroll funding, and business process outsourcing. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter benefit services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, benefit consultants, and financial advisors. The Consumer Banking segment provides consumer deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers; and small business banking products, such as credit, deposit, and cash flow management products to businesses and professional service firms. The company offers online and mobile banking services. Webster Financial Corporation was founded in 1935 and is headquartered in Stamford, Connecticut.

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