Webster Financial (WBS) Dips 5.7% as Q2 Earnings Miss Estimates

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 ...