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Webster Financial (WBS) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $1.29 per share a year ago.
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.
Webster Financial has shown decent growth with a return on average tangible common equity of 20.98% and is predicted to see stronger earnings due to rising interest rates. The company has a diversified loan balance and a high level of liquidity, with a liquidity profile of over $16 billion, covering all uninsured deposits. Despite not increasing its dividend per share since 2019, WBS has maintained a consistent payout for 33 years, making it a reliable dividend addition; it is currently trading below historical measurements and is considered a buy under $40 per share.
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 second quarter 2023 earnings release and conference call: Earnings Release: Thursday, July 20, 2023, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, July 20, 2023, at 9:00 a.m. (Eastern) Dial-in number: Toll Free: 888-330-2446; or International Callers: 240-789-2732 Passcode:8607257 .
A decline in non-interest income impedes Webster Financial's (WBS) Q1 earnings. However, a huge rise in NII, decent loan demand, higher rates and a decline in expenses are the supporting factors.
Webster Financial Corporation (WBS) Q1 2023 Earnings Call Transcript.
Webster Financial: Stable Fundamentals And Cheap Price Makes It A Buy
Jared Shaw, Wells Fargo bank analyst, joins 'The Exchange' to discuss regional banks ahead of the sector reporting earnings.
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation Announces Q1 2023 Earnings Release and Conference Call.
Webster Financial (WBS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).