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Dec 31, 2022
Webster Q4 2022 Earnings Report
Reported strong financial results driven by merger and organic growth.
Key Takeaways
Webster Financial Corporation reported a strong fourth quarter with net income available to common stockholders of $240.6 million, or $1.38 per diluted share. Adjusted EPS was $1.60, excluding merger-related charges. Revenue reached $704.6 million, and the company saw growth in its Commercial Banking, HSA Bank, and Consumer Banking segments.
Reported EPS of $1.38; adjusted EPS of $1.60.
Revenue of $704.6 million was achieved.
Period end loan and lease balance reached $49.8 billion.
Period end deposit balance was $54.1 billion.
Webster
Webster
Webster Revenue by Segment
Revenue by Segment
Commercial Banking Revenue
CapyFin.comHealthcare Financial Services 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