WBS Stock Recent News

Webster Financial stock surged 11.6% on October 17th after Q3 2024 results, despite mixed performance and a previous 'hold' rating. Webster's net interest income dropped 2.7% year-over-year, but deposits and loans increased, showing balance sheet strength. Valuation remains a concern, with a price-to-earnings multiple of 11.3 and return on equity not impressively high.

Webster Financial Corporation (NYSE:WBS ) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Emlen Harmon - Director, IR John Ciulla - CEO Neal Holland - CFO Luis Massiani - President and Chief Operating Officer Conference Call Participants Chris McGratty - KBW Jared Shaw - Barclays. Mark Fitzgibbon - Piper Sandler Matthew Breese - Stephens Daniel Tamayo - Raymond James Bernard Von Gizycki - Deutsche Bank Laurie Hunsicker - Seaport Research Partners Samuel Varga - UBS Operator Good morning.

The headline numbers for Webster Financial (WBS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Webster Financial (WBS) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.55 per share a year ago.

NEW YORK--(BUSINESS WIRE)--Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of Assets Under Management, and Webster Bank, N.A. (“Webster Bank”), a leading commercial bank in the Northeast with $76 billion in total assets, are pleased to announce the closing of a senior-secured financing to PK Companies Group, LLC (“PK”) to help facilitate the acquisition by DC Capital Partners Management, LP (“DC Capital”). PK's founders reinvested equity in con.

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (“Webster”) (NYSE: WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $188.8 million, or $1.10 per diluted share, for the quarter ended September 30, 2024, compared to $222.3 million, or $1.28 per diluted share, for the quarter ended September 30, 2023. Third quarter 2024 results include $56.2 million pre-tax ($41.0 million after tax), or $0.241 per diluted share, of sec.

Besides Wall Street's top -and-bottom-line estimates for Webster Financial (WBS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Webster Financial (WBS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation Announces Q3 2024 Earnings Release and Conference Call.

WBS' inorganic growth efforts, rising NII and diversified fee income streams aid top-line growth. Yet, rising costs and high debt levels remain concerns.