Webster Financial Q3 Earnings Miss Estimates, Revenues Decline Y/Y

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 ...