Webster Financial (WBS) Stock

WBS's earnings for the fourth quarter improved due to higher net interest income, an increase in loans and deposits, and lower expenses. However, the rise in provisions is a challenge.

Webster Financial Corporation (NYSE:WBS) will hold its Q4 2024 Results Conference Call on January 17, 2025, at 9:00 AM ET. The call will feature company representatives including Emlen Harmon, John Ciulla, Neal Holland, and Luis Massiani. Various analysts from firms like Piper Sandler, Barclays, and Wells Fargo will also participate in the discussion.

Webster Financial (WBS) reported quarterly earnings of $1.43 per share, which is higher than the Zacks Consensus Estimate of $1.36 per share. This is slightly lower than the earnings of $1.46 per share from the same period last year.

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (“Webster”) (NYSE: WBS), which is the parent company of Webster Bank, N.A., reported a net income of $173.6 million, or $1.01 per diluted share, for the quarter ending December 31, 2024. This is a decrease from the $181.2 million, or $1.05 per diluted share, reported for the same quarter in 2023. The results for the fourth quarter of 2024 also included pre-tax losses of $56.9 million from securities repositioning and a deferred tax asset.

Assess the anticipated performance of Webster Financial (WBS) for the quarter that ended in December 2024. Instead of just focusing on the usual Wall Street estimates for revenue and profit, let's take a closer look at some important metrics for a deeper understanding.

Webster Financial (WBS) lacks the necessary elements that could lead to a strong earnings report in the near future. Be ready for the important expectations.

Webster Financial Corporation, established in 1935, mainly operates in Connecticut, Massachusetts, Rhode Island, and New York through its subsidiary, Webster Bank. While the bank has significant involvement in commercial real estate and multifamily loans, the credit risks appear to be lower than what the stock price suggests. According to forecasts, the bank's performance is expected to get better, and its financial position indicates that there won't be any pressure on net interest income from changes in interest rates.

WBS's growth in acquisitions, strong increases in loans and deposits, and higher net interest income and fees are helping its revenue to grow. However, the high costs are a worry.

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), which owns Webster Bank, N.A., has announced a decrease in its prime lending rate from 7.75 percent to 7.50 percent, starting December 19, 2024. Webster Financial Corporation is a prominent commercial bank in the Northeast, offering various digital and traditional financial services.