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Sep 30, 2021
Webster Q3 2021 Earnings Report
Reported strong financial performance with linked quarter loan and deposit growth.
Key Takeaways
Webster Financial Corporation reported earnings applicable to common shareholders of $93.2 million, or $1.03 per diluted share, for the quarter ended September 30, 2021. Revenue increased by 6.5% compared to the previous year, and there was loan growth of 2.7% linked quarter, excluding PPP loans.
Revenue of $313.5 million, an increase of 6.5 percent compared to a year ago.
Loan growth of 2.7 percent linked quarter, excluding Paycheck Protection Program (PPP) loans, led by commercial and residential which increased 3.3 percent.
Deposit growth of $1.2 billion or 4.1 percent linked quarter.
Net interest margin of 2.80 percent.
Revenue by Segment
Forward Guidance
Integration plans for our merger with Sterling are well established and we are prepared to execute the transaction upon receipt of all regulatory approvals.
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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