Webster Financial Corporation reported a strong second quarter with net income available to common shareholders of $178.1 million, or $1.00 per diluted share. Excluding merger-related expenses, earnings per diluted share would have been $1.29. The company saw strong loan growth and maintained a strong capital position.
Revenue reached $607.6 million.
Loans and leases totaled $45.6 billion, with 80% in commercial loans and leases and 20% in consumer loans.
Deposits amounted to $53.1 billion.
The company repurchased $100 million in shares under its share repurchase program.
This earnings report does not include any forward guidance.
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