Webster Financial (WBS)

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Here's What Key Metrics Tell Us About Webster Financial (WBS) Q1 Earnings
ZACKS· 2025-04-24 14:36
Core Insights - Webster Financial (WBS) reported revenue of $704.8 million for the quarter ended March 2025, reflecting a year-over-year increase of 5.7% but falling short of the Zacks Consensus Estimate of $714.9 million by -1.41% [1] - The earnings per share (EPS) for the quarter was $1.30, a decrease from $1.35 in the same quarter last year, and below the consensus estimate of $1.38, resulting in an EPS surprise of -5.80% [1] Financial Performance Metrics - Net Interest Margin was reported at 3.5%, exceeding the five-analyst average estimate of 3.4% [4] - The Efficiency Ratio stood at 45.8%, better than the average estimate of 48.3% from five analysts [4] - Net charge-offs as a percentage of average loans and leases (annualized) were 0.4%, slightly above the average estimate of 0.3% [4] - Average balance of Total interest-earning assets was $72.85 billion, surpassing the estimate of $71.90 billion [4] - Total nonperforming loans and leases amounted to $564.40 million, higher than the average estimate of $481.93 million [4] - Total Non-Interest Income was $92.61 million, slightly below the average estimate of $93.68 million [4] - Net Interest Income reported was $612.19 million, compared to the estimate of $616.12 million [4] - Wealth and investment services income was $7.79 million, below the average estimate of $8.53 million [4] - Loan and lease related fees totaled $17.62 million, lower than the average estimate of $19.09 million [4] - Deposit service fees were $38.90 million, compared to the average estimate of $40.48 million [4] - Increase in cash surrender value of life insurance policies was $7.99 million, exceeding the estimate of $7.28 million [4] - Non-interest income from Other income was $20.09 million, above the average estimate of $19.17 million [4] Stock Performance - Webster Financial's shares have returned -9.8% over the past month, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
Webster Financial (WBS) Q1 Earnings and Revenues Lag Estimates
ZACKS· 2025-04-24 13:45
Core Viewpoint - Webster Financial (WBS) reported quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $1.38 per share, representing an earnings surprise of -5.80% [1][2] Financial Performance - The company posted revenues of $704.8 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.41%, compared to year-ago revenues of $667.09 million [2] - Over the last four quarters, Webster Financial has surpassed consensus EPS estimates only once [2] Stock Performance - Webster Financial shares have declined approximately 14.6% since the beginning of the year, while the S&P 500 has decreased by 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is $1.44 on revenues of $721.62 million, and for the current fiscal year, it is $5.75 on revenues of $2.89 billion [7] Industry Outlook - The Zacks Industry Rank for Banks - Northeast is currently in the top 22% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of Webster Financial may be influenced by the overall industry outlook, as empirical research shows a strong correlation between near-term stock movements and earnings estimate revisions [5][8]
Webster Financial (WBS) - 2025 Q1 - Quarterly Results
2025-04-24 11:33
Financial Performance - Net income applicable to common stockholders for Q1 2025 was $220.4 million, or $1.30 per diluted share, compared to $210.1 million, or $1.23 per diluted share in Q1 2024, representing a 5.6% increase in earnings per share [3]. - Total revenue for Q1 2025 was $704.8 million, with net interest income of $612.2 million, up from $567.7 million in Q1 2024, indicating an increase of 7.7% [5][9]. - Non-interest income totaled $92.6 million, a decrease of $6.8 million from $99.4 million in Q1 2024, primarily due to credit valuation adjustments [8]. - Net income for the three months ended September 30, 2025, was $226,917 thousand, an increase from $177,766 thousand in the previous quarter [33]. - Earnings per common share (diluted) rose to $1.30, compared to $1.01 in the prior quarter, reflecting a significant increase of 28.7% [33]. - Adjusted net income for Q1 2025 was $229,486,000, up from $181,251,000 in Q4 2024, representing a 26.6% increase [44]. Loan and Deposit Growth - Period end loans and leases balance reached $53.1 billion, an increase of $0.6 billion, or 1.0% from the prior quarter, while deposits increased by $0.8 billion, or 1.3%, to $65.6 billion [5][13]. - Total loans and leases increased to $53,056,223 thousand, compared to $52,505,168 thousand in the previous quarter, marking a growth of 1.04% [35]. - Total deposits increased to $64,966,959 thousand in Q1 2025, compared to $60,565,366 thousand in Q1 2024, showing a growth of 7.9% [38]. - Total deposits rose by 3.3% to $27.8 billion, compared to $26.9 billion in Q1 2024 [23]. - Core deposits amounted to $58,052,837,000 in Q1 2025, up from $56,518,126,000 in Q4 2024, representing a growth of 2.7% [47]. Credit Quality and Loss Provisions - The provision for credit losses was $77.5 million, contributing to a $23.8 million increase in the allowance for credit losses on loans and leases from the prior quarter [9]. - Total non-performing loans and leases increased to $564.4 million, representing 1.06% of total loans and leases, compared to 0.88% at December 31, 2024 [17]. - Provision for credit losses increased to $77,500,000 in Q1 2025, up from $45,500,000 in Q1 2024, indicating a rise of 70.5% [36]. - Non-performing assets rose to $564,708 thousand, up from $461,751 thousand in the previous quarter, indicating a deterioration in asset quality [33]. Operational Efficiency - The efficiency ratio was 45.79%, compared to 44.80% in the previous quarter, indicating a slight decline in operational efficiency [33]. - Non-interest expense increased by $2.5 million to $122.7 million, driven by higher investments in technology and professional services [23]. - The company is focused on expanding its market presence and enhancing technology investments to improve operational efficiency [24]. - Efficiency ratio improved to 45.79% in Q1 2025 from 44.80% in Q4 2024, indicating better cost management [44]. Asset Growth - Webster's total assets exceed $80 billion, indicating a strong financial position within the commercial banking sector [24]. - Total assets reached $80,279,750 thousand, an increase from $79,025,073 thousand in the previous quarter [35]. - Total interest-earning assets increased to $72,854,574 thousand in Q1 2025, up from $68,740,440 thousand in Q1 2024, reflecting a growth of 3.1% [38]. Interest Income and Margin - Total interest income for Q1 2025 was $973,487,000, an increase of 2.7% from $951,850,000 in Q1 2024 [36]. - Net interest income for Q1 2025 was $612,192 thousand, compared to $567,739 thousand in Q1 2024, representing an increase of 7.8% [38]. - The net interest margin for the quarter was reported at 3.48%, slightly up from 3.44% in the previous quarter [33]. - The average yield on loans and leases decreased to 5.84% in Q1 2025 from 6.24% in Q1 2024 [38].
Exploring Analyst Estimates for Webster Financial (WBS) Q1 Earnings, Beyond Revenue and EPS
ZACKS· 2025-04-21 14:21
Core Viewpoint - Webster Financial (WBS) is expected to report quarterly earnings of $1.38 per share, a 2.2% increase year-over-year, with revenues projected at $714.9 million, reflecting a 7.2% year-over-year growth [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 1%, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Key Financial Metrics - The consensus estimate for 'Net Interest Margin' is 3.4%, unchanged from the previous year [5]. - Analysts project the 'Efficiency Ratio' to be 48.3%, up from 45.3% in the same quarter last year [5]. - The estimated 'Average balance - Total interest-earning assets' is $71.90 billion, compared to $68.11 billion in the same quarter last year [6]. - 'Total nonperforming loans and leases' are expected to reach $481.93 million, up from $283.61 million in the same quarter last year [6]. Income Projections - 'Total Non-Interest Income' is forecasted at $93.68 million, down from $99.35 million year-over-year [7]. - 'Net Interest Income' is expected to be $616.12 million, compared to $567.74 million in the same quarter last year [7]. - 'Wealth and investment services' are projected to reach $8.53 million, up from $7.92 million year-over-year [7]. - 'Loan and lease related fees' are estimated at $19.09 million, slightly down from $19.77 million last year [8]. - 'Deposit service fees' are projected at $40.48 million, compared to $42.59 million in the same quarter last year [8]. Additional Income Estimates - 'Increase in cash surrender value of life insurance policies' is expected to be $7.28 million, up from $5.95 million year-over-year [9]. - 'Non-interest income- Other income' is projected at $19.17 million, down from $32.95 million in the same quarter last year [9]. - 'Tax-equivalent Net Interest Income' is expected to be $624.44 million, compared to $583.62 million in the same quarter last year [10]. Stock Performance - Over the past month, shares of Webster Financial have declined by 12.5%, while the Zacks S&P 500 composite has decreased by 5.6% [11].
Webster Financial (WBS) Moves 11.6% Higher: Will This Strength Last?
ZACKS· 2025-04-10 13:15
Company Overview - Webster Financial (WBS) shares increased by 11.6% to $46.66 in the last trading session, following a period of 14.2% loss over the past four weeks, indicating a significant recovery in stock performance [1] - The company is expected to report quarterly earnings of $1.38 per share, reflecting a year-over-year increase of 2.2%, with revenues projected at $714.9 million, up 7.2% from the previous year [3] Market Reaction - The stock price surge was influenced by President Donald Trump's announcement on April 9, 2025, regarding a 90-day suspension of reciprocal tariffs for most trading partners, which alleviated concerns about trade wars and improved the economic outlook, positively impacting banking stocks like WBS [2] Earnings Estimates - The consensus EPS estimate for Webster Financial has been revised 1.8% lower in the last 30 days, which typically does not correlate with price appreciation, suggesting caution in the stock's future performance [4] - The company currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [4] Industry Context - Webster Financial operates within the Zacks Banks - Northeast industry, where another competitor, Citizens Financial Services (CZFS), saw a 6.5% increase in its stock price, closing at $57.41, despite a -4.3% return over the past month [4] - Citizens Financial Services has maintained its consensus EPS estimate at $1.49, showing no change compared to the previous year, and also holds a Zacks Rank of 3 (Hold) [5]
I Can Finally Bank On Webster Financial Corporation
Seeking Alpha· 2025-04-07 16:48
Group 1 - Webster Financial Corporation (NYSE: WBS) has shown significant stock performance, with shares increasing by 11.6% on October 17th [1] - The financial firm is noted for its interesting investment potential, particularly in the context of the oil and natural gas sector [1] Group 2 - Crude Value Insights provides an investment service focused on oil and natural gas, emphasizing cash flow and the companies that generate it [1] - Subscribers to Crude Value Insights benefit from a model account featuring over 50 stocks, detailed cash flow analyses of exploration and production firms, and live sector discussions [2]
Webster Financial (WBS) - 2024 Q4 - Annual Report
2025-03-03 21:35
Employee and Workforce - As of December 31, 2024, the Company employed 4,297 full-time and 110 part-time employees, with a gender distribution of 61% female and 39% male[35] - The average employee tenure at the Company is approximately 8.8 years, indicating a stable workforce[35] - In 2024, the Company conducted 12 webinars to enhance internal communication and employee understanding of business operations[37] - The Company offers a comprehensive benefits package, including medical, dental, vision plans, and a matching 401(k) retirement savings plan[40] - The Company has implemented significant investments in formal development programs, including an Internship Program and a RISE Emerging Talent Program for high-potential individuals[42] Regulatory and Capital Requirements - The Company must maintain "well-capitalized" and "well-managed" status to retain its financial holding company designation[51] - Under Basel III Capital Rules, the Company is required to maintain a CET1 capital ratio of at least 4.5% plus a capital conservation buffer of 2.5% of risk-weighted assets[59] - The Company’s regulatory capital ratios are detailed in the Management's Discussion and Analysis of Financial Condition and Results of Operations[60] - The Company is required to receive prior approval for acquisitions exceeding $10 billion in total consolidated assets[53] - As of December 31, 2024, the Bank was categorized as "well-capitalized" under all capital ratio categories[61] Financial Performance and Dividends - The Bank declared and paid $600.0 million in dividends to the Holding Company during the year ended December 31, 2024, with $747.3 million of undistributed net income available for future dividends[77] - The Bank had $2.1 billion in FHLB advances outstanding as of December 31, 2024, and held a FHLB stock investment of $91.7 million[68] - The Bank's capital stock investment in the FRB of New York was $229.6 million as of December 31, 2024[67] - The Bank's compliance with the Community Reinvestment Act was rated as Outstanding in its most recent examination[86] Risk Management - The Company is required to maintain a risk committee, led by an independent director, to oversee its enterprise risk management framework due to its total consolidated assets exceeding $50 billion[99] - The Chief Executive Officer is responsible for all of Webster's risk-taking activities and ensuring an effective enterprise risk management framework is adopted and executed[104] - The Company has adopted the Three Line Model of enterprise risk management to enhance efficiency and effectiveness in risk management[105] - Webster proactively manages information risk through robust data security programs and tools, including maintaining a comprehensive asset inventory and implementing endpoint defenses[109] - The Company mitigates operational risk through an operational risk management framework that identifies, assesses, monitors, controls, and reports on operational risk[119] Credit and Compliance Risks - Webster's loan portfolio is diversified across commercial and industrial, specialty finance, commercial real estate, and residential lending to manage credit risk effectively[123] - The company maintains robust credit processes and underwriting standards consistent with its desired risk profile[122] - Compliance risk is inherently high for banks due to regulatory scrutiny, and Webster has a comprehensive Compliance Management Program to mitigate this risk[127] - The Chief Compliance Officer is responsible for compliance risk oversight, ensuring adherence to laws and regulations[129] - Webster's activities include monitoring compliance with consumer protection and regulatory risk across various services, including lending and investment management[126] Economic and Market Conditions - The company faces significant risks from fraud, including theft and electronic fraud, which may lead to financial losses and reputational harm despite substantial resources allocated to prevention[152] - The allowance for credit losses (ACL) on loans and leases may be insufficient, requiring significant estimates of current credit risks and trends, which can change frequently[159] - The company is subject to extensive government regulation, which may interfere with business operations and lead to additional costs or regulatory uncertainty[165] - Changes in federal regulatory agency leadership and policies could result in stricter enforcement and increased compliance costs, negatively impacting profitability[167] - The company faces risks from difficult economic conditions, including inflation and interest rate volatility, which could adversely affect business performance[173] Financial Results - Total interest income for 2024 reached $3,927,286, an increase of 8.3% from $3,628,260 in 2023[433] - Net interest income after provision for credit losses was $2,116,387, a decrease of 3.2% compared to $2,186,522 in 2023[433] - Non-interest income decreased to $251,899 in 2024, down 19.8% from $314,337 in 2023[433] - Total non-interest expense was $1,351,279, a reduction of 4.6% from $1,416,355 in 2023[433] - Net income available to common stockholders for 2024 was $752,057, a decline of 11.6% from $851,190 in 2023[433] Asset and Liability Management - The total allowance for credit losses as of December 31, 2024, was $689.6 million, with a portion related to commercial loans and leases evaluated on a collective basis[422] - The company's loans and leases net amount to $51.8 billion as of December 31, 2024, compared to $50.1 billion in 2023, reflecting an increase of approximately 3.4%[430] - Total assets increased to $79.0 billion in 2024 from $74.9 billion in 2023, representing a growth of about 4.5%[430] - Total deposits rose to $64.8 billion in 2024, up from $60.8 billion in 2023, indicating an increase of approximately 6.5%[430] - The company's retained earnings increased to $3.76 billion in 2024 from $3.28 billion in 2023, marking a growth of about 14.5%[430]
Webster Financial Q4 Earnings Beat on Higher NII & Lower Expenses
ZACKS· 2025-01-20 16:40
Core Viewpoint - Webster Financial (WBS) reported mixed financial results for the fourth quarter of 2024, with adjusted earnings per share (EPS) of $1.43, surpassing estimates but declining from the previous year [1]. Financial Performance - Adjusted EPS for 2024 was $5.38, missing the consensus estimate of $5.71 and down from $6 in the prior year [2]. - Net income applicable to common shareholders was $173.6 million, a decrease of 4.2% year over year, with full-year net income at $752.1 million, down 11.6% [3]. - Total revenues for the fourth quarter increased by 4.1% year over year to $661 million, but fell short of the consensus estimate of $687.2 million. Full-year revenues reached $2.6 billion, up 2.3% but also missing estimates [4]. - Net interest income (NII) rose 6.6% year over year to $608.5 million, while the net interest margin decreased to 3.39% [4]. Non-Interest Income and Expenses - Non-interest income was $52.5 million, down 17.7% year over year, primarily due to a net loss on the sale of investment securities. Excluding this loss, non-interest income increased by 35.7% to $109.4 million [5]. - Non-interest expenses decreased by 9.8% year over year to $340.4 million, driven by lower deposit insurance expenses and reduced professional fees [6]. Loan and Deposit Growth - Total loans and leases increased by 1.1% sequentially to $52.5 billion, while total deposits rose marginally to $64.7 billion as of December 31, 2024 [7]. Credit Quality - Total non-performing assets rose significantly to $461.8 million from $218.6 million year over year. The allowance for loan losses increased to 1.31% of total loans [8]. - The provision for credit losses was $63.5 million, reflecting a year-over-year increase of 76.4% [8]. Capital Ratios - The Tier 1 risk-based capital ratio improved to 12.01% from 11.62% year over year, while the total risk-based capital ratio rose to 14.20% from 13.72% [10]. Profitability Ratios - Return on average assets declined to 0.91% from 1.01% year over year, and return on average common stockholders' equity fell to 7.8% from 9.03% [11]. Strategic Outlook - The company anticipates that rising NII and non-interest income will enhance its top line, supported by strategic acquisitions and growth in deposits and loans. However, deteriorating credit quality poses a near-term concern [12].
Webster Financial (WBS) - 2024 Q4 - Earnings Call Transcript
2025-01-17 18:23
Financial Data and Key Metrics - Adjusted return on tangible common equity for Q4 2024 was 17.7%, up from 17.5% for the full year [10][11] - Adjusted return on assets for Q4 2024 was 1.27%, up from 1.23% for the full year [10][11] - Efficiency ratio for Q4 2024 was just below 45%, compared to 45.4% for the full year [10][11] - Net income to common shareholders on an adjusted basis was $240 million, with diluted EPS of $1.43 [18] - Total assets were $79 billion, effectively flat compared to the previous quarter [19] - Loan-to-deposit ratio increased modestly to 81.1% [20] Business Line Data and Key Metrics - Loan growth was driven by C&I and residential mortgage categories, with total loans up $558 million or 1.1% linked quarter [20] - CRE concentration levels declined to 255%, with office exposure down to less than $825 million [15][20] - Deposit growth was driven by Ametros, which grew its deposit balances to just over $1 billion from $800 million at acquisition [13] - HSA Bank grew its deposits by $800 million, partly due to the launch of the HSA Invest platform [13] - Consumer deposit growth accelerated through digital channels, and commercial bank deposit growth benefited from the expansion of the 1031 exchange business [14] Market Data and Key Metrics - Net interest margin (NIM) expanded to 3.39%, up 3 basis points from the previous quarter [25] - Total revenues increased by $35 million, with a $19 million increase in interest income and a $60 million increase in noninterest income [23] - Noninterest income was $109 million, up $16 million over the prior quarter [28] - Net charge-offs totaled just over $60 million, with 60% coming from traditional office-related or healthcare services credits [16] Company Strategy and Industry Competition - The company optimized asset risk weightings for regulatory capital ratios, reduced commercial real estate asset concentration, and improved the yield profile of its securities portfolio [7] - The acquisition of Ametros added a new source of low-cost, long-duration deposits and expanded the company's addressable market [8][9] - The company is investing in data and analytics capabilities to prepare for a large bank regulatory regime and to enhance operational efficiency [36] - Investments are being made to grow existing businesses, including enhancing treasury management capabilities, digital banking channels, and client acquisition tools [37][38] Management Commentary on Operating Environment and Future Outlook - The company anticipates a mid-2025 inflection point on overall credit metrics, with a normalized annualized charge-off rate of 25 to 30 basis points [16][17] - For 2025, the company expects loan growth of 4% to 5%, deposit growth of 4% to 5%, and net interest income of $2.45 billion to $2.5 billion [32] - The company is preparing for a transition to a Category 4 bank, with incremental run-rate operating expenses of $15 million to $20 million in 2025 [34] - The company remains well-positioned for the future with a strong capital position and diverse balance sheet [39] Other Important Information - The company made a charitable contribution to the Webster Foundation and saw higher performance-based incentive accruals and seasonal benefit expenses in Q4 [29] - The company expressed sympathies for colleagues and clients impacted by natural disasters, including floods in North Carolina and fires in Los Angeles [39] Q&A Summary Question: Potential for M&A activity if Category 4 regulations are eased [42] - The company is focused on organic growth but would consider inorganic growth if regulatory restrictions are lessened [43][44] Question: C&I NPLs and industry concentration [46] - The $53 million increase in C&I NPLs was spread across 3-4 credits, with some concentration in office-related credits [47][48] Question: Margin trajectory and securities repositioning [50] - The company expects NIM for 2025 to be in the range of 3.35% to 3.40%, with minimal impact from securities repositioning in Q4 [51] Question: Capital management and buybacks [53] - The company anticipates returning capital to shareholders in 2025, with loan growth and tuck-in acquisitions as priority uses of capital [55][56] Question: Deposit costs and betas [58] - Deposit costs were 2.2% in Q4, with a beta of approximately 30 basis points expected for the rate cut cycle [60][61] Question: Geographic expansion plans [62] - The company has no specific plans for geographic expansion outside its current footprint but will continue to invest in national businesses [64][65] Question: Credit inflection and CRE tail risk [72] - The company expects charge-offs to normalize around 25 to 30 basis points in 2025, with moderating credit migration trends [76][77] Question: Loan growth trends and sponsor book [82] - The company is seeing stronger pipeline activity in the sponsor book, with balanced loan growth expected across categories [84][85] Question: Expense outlook and regulatory investments [110] - The company is prioritizing investments that enhance operational efficiency and regulatory readiness, with $40 million to $60 million in incremental run-rate expenses expected over the next several years [112][113] Question: Direct lending partnership with Marathon [116] - The partnership is expected to be active in Q2 2025, with potential upside to loan growth and investment income [117][118] Question: Expense growth contributions [120] - The company is investing in business lines, technology infrastructure, and regulatory preparation, with $30 million year-over-year growth supporting these initiatives [121][122] Question: Deposit growth and digital channels [123] - The company expects growth in the 1031 exchange business and digital channels, with investments in product offerings and service propositions [124][125] Question: Expense guidance and synergies [128] - The $40 million to $60 million in incremental expenses is a net number, with potential synergies from investments in technology and infrastructure [132][133] Question: Deposit beta assumptions [137] - The company assumes a 30% deposit beta for the rate cut cycle, with potential for improvement if DDA balances grow [139][140] Question: Long-term margin outlook [141] - The company believes a NIM of 3.35% to 3.40% is a reasonable midterm margin level [143] Question: Office portfolio stabilization [145] - The company is seeing more natural resolution of office credits, with improvements in classified and nonaccrual metrics [147][148] Question: Regulatory wish list [150] - The company hopes for more tailored supervision and a lifting of artificial asset size thresholds [152][153]
Webster Financial (WBS) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-01-17 15:31
Core Insights - Webster Financial (WBS) reported revenue of $660.98 million for the quarter ended December 2024, reflecting a year-over-year increase of 4.1% but a revenue surprise of -3.64% compared to the Zacks Consensus Estimate of $685.95 million [1] - The earnings per share (EPS) for the quarter was $1.43, slightly down from $1.46 in the same quarter last year, with an EPS surprise of +5.15% against the consensus estimate of $1.36 [1] Financial Metrics - Net Interest Margin was reported at 3.4%, exceeding the average estimate of 3.3% from six analysts [4] - The Efficiency Ratio stood at 44.8%, better than the average estimate of 48.1% from six analysts [4] - Net charge-offs/average loans and leases (annualized) were 0.5%, higher than the average estimate of 0.3% from five analysts [4] - Average balance of Total interest-earning assets was $71.86 billion, surpassing the estimated $71.52 billion from five analysts [4] - Total nonperforming loans and leases amounted to $461.33 million, slightly above the estimated $443.36 million from two analysts [4] - Total Non-Interest Income was $52.51 million, significantly lower than the estimated $88.53 million from six analysts [4] - Net Interest Income reached $608.47 million, slightly above the estimated $598.29 million from five analysts [4] - Wealth and investment services income was $8.39 million, compared to the average estimate of $8.71 million from five analysts [4] - Loan and lease related fees totaled $18.77 million, in line with the average estimate of $18.69 million from five analysts [4] - Deposit service fees were $38.67 million, below the estimated $39.64 million from five analysts [4] - Increase in cash surrender value of life insurance policies was $7.39 million, compared to the estimated $7.78 million from four analysts [4] - Non-interest income from Other income was $36.18 million, significantly higher than the estimated $14.32 million from four analysts [4] Stock Performance - Webster Financial's shares have returned +7% over the past month, outperforming the Zacks S&P 500 composite, which saw a -2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]