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Mar 31, 2024
Webster Q1 2024 Earnings Report
Reported solid results with revenue growth and strategic acquisitions.
Key Takeaways
Webster Financial Corporation reported a net income available to common stockholders of $212.2 million, or $1.23 per diluted share, for the quarter ended March 31, 2024. The results include net charges of $20.8 million after tax, or $0.121 per diluted share, related to various items. Adjusted earnings per diluted share were $1.35 for the same period.
Reported revenue of $667.1 million.
Period end loan and lease balance reached $51.1 billion, a 0.7 percent increase from the prior quarter.
Period end deposit balance was $60.7 billion, slightly down by 0.1 percent from the prior quarter, with core deposit growth of $1.5 billion.
Net interest margin stood at 3.35 percent, a decrease of 7 basis points from the prior quarter.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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