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Jun 30, 2023
Webster Q2 2023 Earnings Report
Reported EPS of $1.32 and adjusted EPS of $1.50, driven by consistent earnings and a resilient funding profile.
Key Takeaways
Webster Financial Corporation reported a strong second quarter with net income available to common stockholders of $230.8 million, or $1.32 per diluted share. Adjusted earnings per diluted share, excluding merger-related charges, were $1.50. The company saw revenue of $673.2 million and deposit growth of 6% linked quarter.
Net income available to common stockholders was $230.8 million, or $1.32 per diluted share.
Adjusted earnings per diluted share were $1.50, excluding merger-related charges.
Revenue reached $673.2 million.
Deposits increased by 6.2 percent linked quarter, reaching $58.7 billion.
Revenue by Segment
Forward Guidance
This release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially from those contemplated by the forward-looking statements.
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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