Core Viewpoint - Webster Financial (WBS) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ended December 2024 [1][3] Earnings Expectations - The consensus estimate for Webster Financial's quarterly earnings is $1.36 per share, reflecting a year-over-year decrease of 6.9% [3] - Expected revenues are projected to be $685.95 million, which is an increase of 8.1% compared to the same quarter last year [3] Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 0.04%, indicating a slight bearish sentiment among analysts [4] - The Most Accurate Estimate for Webster Financial is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.38% [10][11] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a negative Earnings ESP reading indicates a lower likelihood of an earnings beat, particularly when combined with a Zacks Rank of 3 (Hold) [8][11] - Webster Financial has not been able to exceed consensus EPS estimates in any of the last four quarters, with the last reported quarter showing a surprise of -0.74% [12][13] Industry Comparison - In the Zacks Banks - Northeast industry, Bank OZK (OZK) is expected to report earnings of $1.45 per share, indicating a year-over-year decline of 3.3% [17] - Bank OZK's expected revenue for the quarter is $408.04 million, which is a slight increase of 0.1% from the previous year [17]

Company Overview - Webster Financial Corporation (NYSE: WBS) is a bank holding company founded in 1935 and headquartered in Stamford, CT [1] - The company offers a range of banking and financial solutions through its bank subsidiary, Webster Bank [1] - Webster Bank primarily operates in Connecticut, Massachusetts, Rhode Island, and New York [1] Business Operations - Webster Financial Corporation provides various banking and financial services through its subsidiary, Webster Bank [1] - The company's operations are concentrated in the Northeastern United States, specifically in Connecticut, Massachusetts, Rhode Island, and New York [1]

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 ...

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].