Webster Financial Corp. Reports 22% Gain In Q4 Earnings

(RTTNews) - Webster Financial Corp. (WBS) revealed earnings for its fourth quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $67.71 million, or $0.73 per share. This was up from $55.50 million, or $0.60 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.67 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.6% to $204.93 million. This was up from $185.26 million last year.

Webster Financial Corp. earnings at a glance:

-Earnings (Q4): $67.71 Mln. vs. $55.50 Mln. last year. -Earnings Growth (Y-o-Y): 22.0% -EPS (Q4): $0.73 vs. $0.60 last year. -EPS Growth (Y-o-Y): 21.7% -Analysts Estimate: $0.67 -Revenue (Q4): $204.93 Mln vs. $185.26 Mln last year. -Revenue Change (Y-o-Y): 10.6%