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Sep 30, 2022
Webster Q3 2022 Earnings Report
Reported EPS of $1.31 and adjusted EPS of $1.46, driven by strong revenue growth and effective cost management.
Key Takeaways
Webster Financial Corporation reported a strong third quarter in 2022, with net income available to common shareholders of $229.8 million, or $1.31 per diluted share. Excluding expenses related to the merger, strategic initiatives, and other charges, earnings per diluted share would have been $1.46. The results reflect the progress in creating a high performing and differentiated company and exceeding targets set forth at the announcement of the MOE.
Revenue reached $664.6 million.
Period end loan and lease balance was $47.8 billion.
Period end deposit balance was $54.0 billion.
Net interest margin was 3.54 percent, up 26 basis points from the prior quarter.
Webster
Webster
Webster Revenue by Segment
Revenue by Segment
Commercial Banking Revenue
CapyFin.comHealthcare Financial Services Revenue
CapyFin.com Forward Guidance
Webster Financial Corporation anticipates net interest income to benefit from higher interest rates and continued execution on efficiencies created in the recent merger.
Revenue & Expenses
Visualization of income flow from segment revenue to net income