Webster Q1 2022 Earnings Report
Key Takeaways
Webster Financial Corporation reported a net loss of $(20.2) million, or $(0.14) per diluted share, for Q1 2022. Excluding merger-related expenses, earnings per diluted share would have been $1.24. The merger with Sterling Bancorp closed effective January 31, 2022, creating an approximately $65 billion institution.
Completed merger with Sterling Bancorp, creating an approximately $65 billion institution.
Completed the acquisition of Bend Financial, Inc. to advance HSA management.
Revenue of $498.3 million was reported.
Authorized to repurchase an additional $600 million in shares under Webster's existing share repurchase program.
Webster
Webster
Webster Revenue by Segment
Forward Guidance
Webster Financial Corporation did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income