Webster Financial Corp. Q2 Earnings Rise

(RTTNews) - Webster Financial Corp. (WBS) released a profit for its second quarter that rose from the same period last year.

The company's bottom line came in at $96.19 million, or $1.05 per share. This compares with $79.49 million, or $0.86 per share, in last year's second quarter.

Analysts had expected the company to earn $1.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.5% to $241.79 million from $225.01 million last year.

Webster Financial Corp. earnings at a glance:

-Earnings (Q2): $96.19 Mln. vs. $79.49 Mln. last year. -EPS (Q2): $1.05 vs. $0.86 last year. -Analysts Estimate: $1.03 -Revenue (Q2): $241.79 Mln vs. $225.01 Mln last year.