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Sep 30, 2023
Webster Q3 2023 Earnings Report
Reported EPS of $1.28 and adjusted EPS of $1.55, driven by the strength of Webster's earnings power and sound risk and operating profile.
Key Takeaways
Webster Financial Corporation reported a net income available to common stockholders of $222.3 million, or $1.28 per diluted share, for the quarter ended September 30, 2023. Excluding merger-related charges, adjusted earnings per diluted share were $1.55. The company completed its core systems conversion and continues to be well-positioned for the current operating environment.
Revenue of $677.5 million.
Period end loans and leases balance of $50.1 billion, down $1.5 billion or 3.0 percent from prior quarter.
Period end deposits balance of $60.3 billion, up $1.6 billion or 2.7 percent from prior quarter.
Net interest margin of 3.49 percent, up 14 basis points from prior quarter.
Revenue by Segment
Forward Guidance
Webster Financial Corporation did not provide specific forward guidance in the provided document.
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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