Webster Financial (US:WBS) ZACKS·2025-01-17 15:31Core Insights - Webster Financial (WBS) reported revenue of $660.98 million for the quarter ended December 2024, reflecting a year-over-year increase of 4.1% but a revenue surprise of -3.64% compared to the Zacks Consensus Estimate of $685.95 million [1] - The earnings per share (EPS) for the quarter was $1.43, slightly down from $1.46 in the same quarter last year, with an EPS surprise of +5.15% against the consensus estimate of $1.36 [1] Financial Metrics - Net Interest Margin was reported at 3.4%, exceeding the average estimate of 3.3% from six analysts [4] - The Efficiency Ratio stood at 44.8%, better than the average estimate of 48.1% from six analysts [4] - Net charge-offs/average loans and leases (annualized) were 0.5%, higher than the average estimate of 0.3% from five analysts [4] - Average balance of Total interest-earning assets was $71.86 billion, surpassing the estimated $71.52 billion from five analysts [4] - Total nonperforming loans and leases amounted to $461.33 million, slightly above the estimated $443.36 million from two analysts [4] - Total Non-Interest Income was $52.51 million, significantly lower than the estimated $88.53 million from six analysts [4] - Net Interest Income reached $608.47 million, slightly above the estimated $598.29 million from five analysts [4] - Wealth and investment services income was $8.39 million, compared to the average estimate of $8.71 million from five analysts [4] - Loan and lease related fees totaled $18.77 million, in line with the average estimate of $18.69 million from five analysts [4] - Deposit service fees were $38.67 million, below the estimated $39.64 million from five analysts [4] - Increase in cash surrender value of life insurance policies was $7.39 million, compared to the estimated $7.78 million from four analysts [4] - Non-interest income from Other income was $36.18 million, significantly higher than the estimated $14.32 million from four analysts [4] Stock Performance - Webster Financial's shares have returned +7% over the past month, outperforming the Zacks S&P 500 composite, which saw a -2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]