Webster Q3 2023 Earnings Report
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.
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Webster 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