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Webster Financial (WBS) doesn't possess 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 Q4 2023 Earnings Release and Conference Call.
Webster Financial (WBS) announces the acquisition of Ametros in an all-cash deal worth $350 million. It is expected to be accretive to the consensus estimate for 2025 earnings by more than 2%.
A rise in revenues and a slight fall in provisions support Webster Financial's (WBS) Q3 earnings. However, higher operating costs and lower fee income are the undermining factors.
Webster Financial Corporation (WBS) Q3 2023 Earnings Call Transcript
Webster Financial (WBS) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.46 per share a year ago.
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced the following details for its third quarter 2023 earnings release and conference call: Earnings Release: Thursday, October 19, 2023, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, October 19, 2023, at 9:00 a.m. (Eastern) Dial-in number: Toll Free: 888-330-2446; or International Callers: 1-240-789-2732 Passcode: 86.
Webster Financial Corporation has seen significant increases in Q2'23 revenues and net income. The company operates through five principle verticals, positioning itself to access capital and be resilient in the face of macro headwinds. Webster is undervalued compared to its peers and has strong financials, making it a strong buy.
Webster Financial's (WBS) strong balance sheet position, revenue growth and cost saving efforts are positives. However, an unsound liquidity position and commercial loan concentration are woes.
A rise in NII, decent loan demand, higher rates and a decline in expenses aid Webster Financial's (WBS) Q2 earnings. However, a decline in non-interest income ails.