Ahead of this earnings release, the estimate revisions trend for Webster Financial: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming qua ...

Webster Financial Corporation | 200 Elm Street | Stamford, CT 06902 | websterbank.com Consolidated financial performance: Webster Financial Corporation | 200 Elm Street | Stamford, CT 06902 | websterbanl • Average deposits totaled $61.7 billion and increased by $3.1 billion, or 5.4 percent. Quarterly non-interest income compared to the second quarter of 2023: Webster Financial Corporation | 200 Elm Street | Stamford, CT 06902 | websterbank.com Quarterly income taxes compared to the second quarter of 2023: • ...

Fly View Productions One of the things that I love most about analyzing companies is being able to upgrade them. With very few exceptions, there aren't any companies that I don't want to see succeed. One business that I feel that's getting close to deserving of an upgrade is Webster Financial Corporation (NYSE:WBS). You see, back in late January of this year, I downgraded the firm from a "buy" to a "hold." This downgrade came after shares spiked 41% since my initial rating on the company. For context, the S ...

The market expects Webster Financial (WBS) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Revenues are expected to be $671.91 million, down 0.2% from the year-ago quarter. Estimate revisions ahead of a company's earning ...

The discussion between Webster and Marathon Asset is in the advanced stage. The agreement could be announced as soon as this week. If Webster and Marathon Asset embark on this venture, they will join a burgeoning landscape of financial institutions tapping into the vast potential of the private credit market. Several global firms like Raymond James (RJF) are set to enter into the lucrative private credit business. Through its Investment Banking (IB) division, RJF formed a strategic collaboration with Eldrid ...

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 period ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____ to ___ ...

Webster Financial Corporation (NYSE:WBS) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Emlen Harmon - Director of IR John Ciulla - CEO Glenn MacInnes - CFO Conference Call Participants Matt Breese - Stephens Chris McGratty - KBW Mark Fitzgibbon - Piper Sandler Steven Alexopoulos - JP Morgan Casey Haire - Jefferies Jared Shaw - Barclays. Manan Gosalia - Morgan Stanley Daniel Tamayo - Raymond James Bernard von-Gizycki - Deutsche Bank Laurie Hunsicker - Seaport Research Partne ...

Exhibit 99.1 WEBSTER REPORTS FIRST QUARTER 2024 EPS OF $1.23; ADJUSTED EPS OF $1.35 STAMFORD, Conn., April 23, 2024 - Webster Financial Corporation ("Webster") (NYSE: WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $212.2 million, or $1.23 per diluted share, for the quarter ended March 31, 2024, compared to $216.8 million, or $1.24 per diluted share, for the quarter ended March 31, 2023. First quarter 2024 results include $13.2 million pre-tax ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 10-K _______________________________________________________________________________ ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period f ...

Webster Financial Corporation (NYSE:WBS) Q4 2023 Earnings Call Transcript January 23, 2024 9:00 AM ET Company Participants Emlen Harmon - Director of IR John Ciulla - CEO Glenn MacInnes - CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Matt Breese - Stephens Chris McGratty - KBW Casey Haire - Jefferies Manan Gosalia - Morgan Stanley Daniel Tamayo - Raymond James Steven Alexopoulos - JP Morgan Brody Preston - UBS Jon Arfstrom - RBC Capital Markets Bernard von-Gizycki - Deutsche Bank Ben Gerl ...