tiprankstipranks
The Fly

Webster Financial sees FY25 NII $2.45B-$2.50B

Webster Financial sees FY25 NII $2.45B-$2.50B

Assumes 2 fed funds rate cuts beginning in March. Sees FY25 adjusted non-interest income $370M-$390M. Expects adjusted expenses to be in range of $1.39B-$1.41B and efficiency ratio in range of 45%-47%. Sees deposit growth 4%-5%. Sees common equity tier 1 ratio near-term target 11% and long-term target 10.5%. Comments taken from Q4 earnings conference call presentation slides.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

1