Core Insights - Webster Financial (WBS) reported a revenue of $647.62 million for the quarter ended September 2024, reflecting a decrease of 4.4% year-over-year and a surprise of -3.84% compared to the Zacks Consensus Estimate of $673.5 million [1] - Earnings per share (EPS) for the quarter was $1.34, down from $1.55 in the same quarter last year, with an EPS surprise of -0.74% against the consensus estimate of $1.35 [1] Financial Performance Metrics - Net Interest Margin was reported at 3.4%, slightly above the average estimate of 3.3% from six analysts [1] - Efficiency Ratio stood at 45.5%, better than the average estimate of 47.2% from six analysts [1] - Net charge-offs/average loans and leases (annualized) were at 0.3%, matching the average estimate from five analysts [1] - Average balance of Total interest-earning assets was $69.82 billion, slightly below the average estimate of $70.01 billion from five analysts [1] - Total nonperforming loans and leases reached $425.62 million, exceeding the average estimate of $385.76 million from two analysts [1] - Total Non-Interest Income was $57.74 million, significantly lower than the average estimate of $91.04 million from six analysts [1] - Deposit service fees amounted to $38.86 million, below the average estimate of $40.95 million from five analysts [1] - Wealth and investment services generated $8.37 million, compared to the average estimate of $8.74 million from five analysts [1] - Loan and lease related fees were $18.51 million, slightly below the average estimate of $19.21 million from five analysts [1] - Increase in cash surrender value of life insurance policies was $8.02 million, surpassing the average estimate of $6.20 million from four analysts [1] - Non-interest income from Other income was $3.58 million, significantly lower than the average estimate of $15.31 million from four analysts [1] - Tax-equivalent Net Interest Income was reported at $603.54 million, above the average estimate of $594.99 million from four analysts [1] Stock Performance - Shares of Webster Financial have returned +3.9% over the past month, slightly outperforming the Zacks S&P 500 composite's +3.8% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]

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 ...

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 ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Webster Financial despite an increase in revenues, with a focus on how actual results will compare to estimates [1][3]. Earnings Expectations - Webster Financial is expected to report quarterly earnings of $1.35 per share, reflecting a year-over-year decrease of 12.9%, while revenues are projected to be $679.79 million, a slight increase of 0.3% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.05% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +0.05%, suggesting analysts have recently become more optimistic about the company's earnings prospects [10]. Historical Performance - In the last reported quarter, Webster Financial was expected to post earnings of $1.34 per share but delivered only $1.26, resulting in a surprise of -5.97%. Over the last four quarters, the company has only beaten consensus EPS estimates once [11][12]. Investment Considerations - While Webster Financial is seen as a potential earnings-beat candidate, investors should consider other factors that may influence stock performance beyond just earnings results [15].

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 ...

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 ...