Core Viewpoint - Webster Financial Corporation (WBS) demonstrates strong revenue growth supported by increasing net interest income (NII) and diversified fee income sources, although elevated expenses and high debt levels present concerns [1]. Growth Catalysts for Webster Financial - The company maintains a solid balance sheet, with deposits and loans experiencing a compound annual growth rate (CAGR) of 27.1% and 26.1% respectively from 2019 to 2023, continuing this trend in the first nine months of 2024 [2]. - In January 2024, WBS acquired Ametros to enhance its low-cost and long-duration deposits, with management projecting a 25% CAGR in deposits over the next five years [2]. - Strategic acquisitions, including interLINK in 2023 and Bend Financial and Sterling Bancorp in 2022, have strengthened HSA deposits and overall deposit growth, bolstering the company's balance sheet [3]. - Revenue growth is notable, with NII and non-interest income achieving a CAGR of 25.1% and 2.5% respectively from 2019 to 2023, despite a decline in the first nine months of 2024; NII is expected to improve as interest rates decrease [4]. - A joint venture with Marathon Asset is anticipated to provide a new source of fee income, supporting non-interest income growth [5]. - The company's trailing 12-month return on equity (ROE) stands at 11.03%, outperforming the industry average of 8.2% [5]. Headwinds for Webster Financial - Elevated non-interest expenses, driven by costs from acquired businesses and increased employee compensation, have seen a CAGR of 18.6% from 2019 to 2023, continuing to rise in the first nine months of 2024 [6]. - Ongoing investments in talent, operational support, and technology are expected to keep expenses high in the short term [7]. - As of September 30, 2024, total debt was $4.02 billion, while cash and interest-bearing deposits totaled $3.19 billion, raising concerns about the company's ability to meet debt obligations if economic conditions worsen [7][8]. Price Performance - Over the past six months, WBS shares have increased by 26.2%, outperforming the industry's growth of 20% [9].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ ______________________________________________________________________________FORM __________________________________________________10-Q _________-___________________________________________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly peri ...

Webster Financial (WBS) reported adjusted third-quarter 2024 earnings per share (EPS) of $1.34, which missed Zacks Consensus Estimate of $1.35. This compares unfavorably with earnings of $1.55 reported a year ago. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. Results were affected by a fall in non-interest income and higher provisions. However, lower expenses and increased net interest income (NII) offered some support. Net income applicable to common shareholders (GAAP ba ...

October 17th ended up being a really solid day for shareholders of Webster Financial (NYSE: WBS ). The stock skyrocketed, closing up 11.6%, after management announced financial results covering the third quarter of the Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential. Subscribers get to use a 50+ stock model account, in-depth cash flow analyses ...

Webster Financial Corporation (NYSE:WBS) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Emlen Harmon - Director, IR John Ciulla - CEO Neal Holland - CFO Luis Massiani - President and Chief Operating Officer Conference Call Participants Chris McGratty - KBW Jared Shaw - Barclays. Mark Fitzgibbon - Piper Sandler Matthew Breese - Stephens Daniel Tamayo - Raymond James Bernard Von Gizycki - Deutsche Bank Laurie Hunsicker - Seaport Research Partners Samuel Varga - UBS Operator ...

For the quarter ended September 2024, Webster Financial (WBS) reported revenue of $647.62 million, down 4.4% over the same period last year. EPS came in at $1.34, compared to $1.55 in the year-ago quarter. The reported revenue represents a surprise of -3.84% over the Zacks Consensus Estimate of $673.5 million. With the consensus EPS estimate being $1.35, the EPS surprise was -0.74%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

Webster Financial (WBS) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.74%. A quarter ago, it was expected that this holding company for Webster Bank would post earnings of $1.34 per share when it actually produced earnings of $1.26, delivering a surprise of -5.97%. Over the last ...

Earnings Conference Call Third Quarter 2024 October 17, 2024 WEBSTER FINANCIAL CORPORATION Third Quarter 2024 Highlights | --- | --- | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------|----------------------------------------| | | | REPORTED | ADJUSTED | | | • Highlighted results: ◦ Core deposit growth of $2.6 billio ...

Exhibit 99.1 Webster Financial Corporation | 200 Elm Street | Stamford, CT 06902 | websterbank WEBSTER REPORTS THIRD QUARTER 2024 EPS OF $1.10; ADJUSTED EPS OF $1.34 STAMFORD, Conn., October 17, 2024 - Webster Financial Corporation ("Webster") (NYSE: WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $188.8 million, or $1.10 per diluted share, for the quarter ended September 30, 2024, compared to $222.3 million, or $1.28 per diluted share, for th ...

In its upcoming report, Webster Financial (WBS) is predicted by Wall Street analysts to post quarterly earnings of $1.36 per share, reflecting a decline of 12.3% compared to the same period last year. Revenues are forecasted to be $676.37 million, representing a year-over-year decrease of 0.2%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections ...