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Mar 31, 2023
Webster Q1 2023 Earnings Report
Net income available to common stockholders of $216.8 million, or $1.24 per diluted share, was announced.
Key Takeaways
Webster Financial Corporation reported a solid first quarter in a challenging banking environment, with net income available to common stockholders at $216.8 million, or $1.24 per diluted share. The results reflect solid performance across diverse business lines, a strong capital position, and effective risk management.
Revenue reached $666.0 million.
Loans and leases balance at period end was $50.9 billion, a 2.3% increase linked quarter.
Deposits balance at period end was $55.3 billion, also up 2.3% linked quarter.
Adjusted earnings per diluted share were $1.49, excluding merger-related and balance sheet repositioning charges.
Revenue by Segment
Forward Guidance
Webster’s financial prospects remain strong and the company took actions that provided ample liquidity and funding optionality going forward.
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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