Webster Financial Corporation

WBS

US9478901096

Banks

Market Closed - Nyse Other stock markets 01:30:01 14/05/2024 am IST			5-day change	1st Jan Change
45.49 ^USD	-0.85%		-1.32%	-10.38%

24/04	Webster Financial Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on May 16, 2024	CI
24/04	Barclays Adjusts Webster Financial Price Target to $65 From $70, Maintains Overweight Rating	MT

Webster Financial Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 19, 2023 at 05:00 pm IST

Webster Financial Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 587.14 million compared to USD 551 million a year ago. Net income was USD 226.48 million compared to USD 233.97 million a year ago. Basic earnings per share from continuing operations was USD 1.29 compared to USD 1.31 a year ago. Diluted earnings per share from continuing operations was USD 1.28 compared to USD 1.31 a year ago.
For the nine months, net interest income was USD 1,766.25 million compared to USD 1,431.91 million a year ago. Net income was USD 682.45 million compared to USD 399.53 million a year ago. Basic earnings per share from continuing operations was USD 3.85 compared to USD 2.32 a year ago. Diluted earnings per share from continuing operations was USD 3.85 compared to USD 2.32 a year ago.

Latest news about Webster Financial Corporation

Webster Financial Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on May 16, 2024	25/04	CI
Barclays Adjusts Webster Financial Price Target to $65 From $70, Maintains Overweight Rating	24/04	MT
JPMorgan Adjusts Price Target on Webster Financial to $63 From $65, Keeps Overweight Rating	24/04	MT
Keefe, Bruyette & Woods Adjusts Price Target on Webster Financial to $58 From $64, Maintains Outperform Rating	24/04	MT
RBC Cuts Price Target on Webster Financial to $54 From $57, Keeps Outperform Rating	24/04	MT
Wedbush Cuts Price Target on Webster Financial to $50 From $54, Keeps Neutral Rating	24/04	MT
Transcript : Webster Financial Corporation, Q1 2024 Earnings Call, Apr 23, 2024	23/04
Webster Financial's Q1 Earnings Fall, Revenue Rises	23/04	MT
Earnings Flash (WBS) WEBSTER FINANCIAL CORPORATION Posts Q1 EPS $1.35, vs. Street Est of $1.41	23/04	MT
Webster Financial Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	23/04	CI
Webster Financial Corporation Announces Net Charge Offs for the Quarter Ended March 31, 2024	23/04	CI
Regional Banks Showing Consistent First-Quarter Trends With Upcoming Margin Trough, RBC Says	10/04	MT
US Regional Banks Likely to Show Consistent Trends in Q1 as Margins Near Trough Levels, RBC Says	09/04	MT
RBC Cuts Price Target on Webster Financial to $57 From $59, Keeps Outperform Rating	09/04	MT
Webster Financial CFO Glenn MacInnes to Retire	26/03	MT
Webster Financial CFO MacInnes to retire	26/03	RE
Webster CFO MacInnes to retire	26/03	RE
Webster Financial Corporation Announces Glenn MacInnes Intends to Retire as Executive Vice President	26/03	CI
Webster Financial Corporation Announces Retirement of Glenn MacInnes as Chief Financial Officer	26/03	CI
Barclays Starts Coverage on Webster Financial With Overweight Rating, $70 Price Target	08/03	MT
Tranche Update on Webster Financial Corporation's Equity Buyback Plan announced on November 6, 2017.	28/02	CI
Webster Financial Corporation Announces Executive Changes, Effective as of February 1, 2024	31/01	CI
Webster Financial Insider Sold Shares Worth $697,070, According to a Recent SEC Filing	31/01	MT
Webster Financial Corporation Declares Quarterly Cash Dividend, Payable on February 16, 2024	25/01	CI
Keefe, Bruyette & Woods Raises Price Target on Webster Financial to $64 From $62, Maintains Outperform Rating	24/01	MT

Chart Webster Financial Corporation

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Company Profile

Webster Financial Corporation is the holding company for Webster Bank, N.A. and its HSA Bank division. The Company's segments include Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment serves businesses with more than two million dollars of revenue through its commercial real estate and equipment finance, business banking, asset-based lending and commercial services, private banking, treasury management and other business units. The HSA Bank segment offers a comprehensive consumer-directed employee benefit and healthcare solution that includes health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter benefits. The Consumer Banking segment operates a distribution network, throughout southern New England and the New York metro and suburban markets, that comprises approximately 198 banking centers and 349 automated teller machines, a customer care center and a full range of Web and mobile-based banking services.

Sector

Banks

Calendar

18/07/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Webster Financial Corporation

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

45.49 USD

Average target price

57.12 USD

Spread / Average Target

+25.58%

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EPS Revisions

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