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Mar 31, 2022
Webster Q1 2022 Earnings Report
Reported first quarter results impacted by merger with Sterling Bancorp and included merger-related expenses and initial non-purchase credit deteriorated provision.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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