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Sep 30, 2024
Webster Q3 2024 Earnings Report
Reported solid deposit and loan growth amidst a challenging environment.
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.
Webster
Webster
Webster Revenue by Segment
Revenue by Segment
Commercial Banking Revenue
CapyFin.comHealthcare Financial Revenue
CapyFin.comConsumer Banking Revenue
CapyFin.com 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income