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Dec 31, 2023
Webster Q4 2023 Earnings Report
Net income available to common stockholders was $181.2 million, or $1.05 per diluted share, for the quarter ended December 31, 2023.
Key Takeaways
Webster Financial Corporation reported a net income available to common stockholders of $181.2 million, or $1.05 per diluted share, for Q4 2023. Adjusted earnings per diluted share were $1.46, excluding charges related to a FDIC special assessment, the merger with Sterling Bancorp, and securities repositioning. The company's revenue reached $634.8 million, and they saw growth in loan and deposit balances.
Reported EPS of $1.05, with adjusted EPS at $1.46 after excluding certain charges.
Revenue totaled $634.8 million for the quarter.
Period-end loan and lease balance increased to $50.7 billion, up 1.3% from the prior quarter.
Period-end deposit balance reached $60.8 billion, a 0.7% increase from the previous quarter.
Revenue by Segment
Forward Guidance
Webster's management expressed confidence in the company's strong financial position and proactive actions, which they believe will lead to continued success in 2024.
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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