Webster Financial Corporation (WBS) Releases Earnings Results, Beats Expectations By $0.01 EPS

Webster Financial Corporation (WBS) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.52. The company posted revenue of $242.00 million in the period, compared to analysts expectations of $240.67 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Webster Financial Corporation closed down -0.33 points or -0.91% at $35.88 with 8,13,466 shares getting traded on Monday. Post opening the session at $36.1, the shares hit an intraday low of $35.7 and an intraday high of $36.16 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 5, 2016, Daniel Manning Fitzpatrick (EVP – Private Banking) sold 6,001 shares at $35.31 per share price. According to the SEC, on May 3, 2016, Joseph J Savage (Executive Vice Chairman) sold 2,000 shares at $36.83 per share price. On May 2, 2016, John R Ciulla (President) sold 12,231 shares at $36.64 per share price, according to the Form-4 filing with the securities and exchange commission.

Webster Financial Corporation (Webster) is a bank and financial holding company. Webster Financial Corporation’s principal assets include the outstanding capital stock of Webster Bank National Association (Webster Bank). Webster through Webster Bank and non-banking financial services subsidiaries delivers financial services to individuals families and businesses. Webster Bank provides commercial small business and consumer banking mortgage lending financial planning and trust and investment services through banking centers automatic teller machines telephone banking mobile banking and online banking through www.websterbank.com. The Company operates in three segments: Commercial Banking Community Banking and Other. The Community Banking consists of the Personal Banking and Business Banking operations. Commercial Banking provides lending deposit and treasury and payment solutions. Other segment activities consist of HSA Bank and the Private Banking operating segments.

Webster Financial Corporation

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