Webster Financial reports Q2 EPS $1.26, consensus $1.34

Reports Q2 revenue $614.6M, consensus $589.41M.”Webster’s strong capital position, earnings power, and operating efficiency provide us unique opportunities in managing our business,” said Glenn MacInnes, executive vice president and chief financial officer. “Of note this quarter were a securities portfolio repositioning and the announcement of a private credit joint venture.” Book value and tangible book value per common share1 were $49.74 and $30.82, respectively, compared to $46.15 and $29.69, respectively, at June 30.