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Mar 31, 2021
Webster Q1 2021 Earnings Report
Reported earnings of $1.17 per diluted share, driven by revenue of $300.5 million and loan growth.
Key Takeaways
Webster Financial Corporation reported a strong first quarter with earnings applicable to common shareholders of $105.5 million, or $1.17 per diluted share. The results were driven by revenue of $300.5 million and loan growth. The company also benefited from positive credit trends and an improving economic outlook.
Earnings per diluted share were $1.17, or $1.25 adjusting for strategic optimization initiatives.
Revenue reached $300.5 million.
Loan growth was $0.4 billion, led by commercial and commercial real estate.
Deposit growth was $4.0 billion, driven by demand deposits and HSA deposits.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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