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An announcement from Webster Financial ( (WBS) ) is now available.
Webster Financial Corporation reported a net income of $173.6 million for the fourth quarter of 2024, with earnings per diluted share of $1.01. Adjusted earnings per share were $1.43, excluding certain losses and tax adjustments. The company experienced a decrease in non-interest income due to investment securities losses, but saw increases in net interest income and loans. Webster’s actions to fortify its capital and liquidity position and investments in technology and human capital are aimed at sustaining future growth.
More about Webster Financial
Webster Financial Corporation, operating as the holding company for Webster Bank, N.A., is engaged in the banking industry. The company primarily serves businesses with over $10 million in revenue through services such as asset-based lending, commercial services, commercial real estate, middle market, private banking, and treasury management.
YTD Price Performance: 5.71%
Average Trading Volume: 1,153,465
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.93B
See more insights into WBS stock on TipRanks’ Stock Analysis page.
