Webster Q3 2024 Earnings Report
Key Takeaways
Webster Financial Corporation reported a net income available to common stockholders of $188.8 million, or $1.10 per diluted share, for the quarter ended September 30, 2024. The results include certain adjustments, and excluding these items, adjusted earnings per diluted share would have been $1.34 for the same period. The company saw growth in deposits and loans, with total deposits reaching $64.5 billion and total loans and leases at $51.9 billion.
Revenue reached $647.6 million.
Period end loans and leases balance increased to $51.9 billion, up 0.7 percent from the prior quarter.
Period end deposits balance increased to $64.5 billion, up 3.6 percent from the prior quarter.
Net interest margin was 3.36 percent, up 4 basis points from the prior quarter.
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Webster Revenue by Segment
Forward Guidance
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on Webster’s current expectations and assumptions regarding its business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict.