Wall Street expects a year-over-year decline in earnings on higher revenues when Webster Financial (WBS) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octo ...

Webster Financial Corporation's (WBS) revenue strength, increasing net interest income (NII) and diversified fee income sources, enhanced by strategic acquisitions, support its growth prospects. However, elevated expense levels and high debt remain areas of concern. Tailwinds for WBS Revenue Strength: Webster Financial has an impressive revenue growth story. NII and non-interest income witnessed a compound annual growth rate (CAGR) of 25.1% and 2.5%, respectively, over the last four years (2019-2023). Both ...

It has been about a month since the last earnings report for Webster Financial (WBS) . Shares have lost about 2.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Webster Financial due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Webster Financial's Q2 Earnings Mi ...

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 Financials' (WBS) shares lost 5.7% following the release of its lower than expected second-quarter 2024 results. Adjusted quarterly earnings per share (EPS) of $1.26 missed Zacks Consensus Estimate of $1.34. This compares unfavorably with earnings of $1.50 reported a year ago. Net income applicable to common shareholders (GAAP basis) was $177.5 million, down 23.1% from the prioryear quarter's tally. WBS' total revenues in the quarter dropped 8.7% year over year to $614.6 million. The top line lagged ...

• Portion of portfolio with recourse is ~75% 2Q24 Net Income Available to Common • $49.9 million of pre-tax income | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------|-------|----------|-------|----------------------------|-------|-------------------|-------|-------|------------------------------------------------------------------------------------------------------------------------| | Balance Sheet — End of Period \n($ in millions) | | 2Q24 | ...

Webster Financial Corporation (NYSE:WBS) Q2 2024 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Emlen Harmon - Director, IR John Ciulla - CEO Glenn MacInnes - CFO Conference Call Participants Matthew Breese - Stephens Christopher McGratty - KBW Mark Fitzgibbon - Piper Sandler Steven Alexopoulos - JP Morgan Jared Shaw - Barclays. Manan Gosalia - Morgan Stanley Casey Haire - Jefferies Daniel Tamayo - Raymond James Bernard Von Gizycki - Deutsche Bank Timur Braziler - Wells Fargo Securit ...

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 ...