Webster Financial Q3 Profit Climbs, Tops Estimates - Quick Facts

(RTTNews) - Webster Financial Corp. (WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, reported Thursday that its third-quarter earnings applicable to common shareholders were $62.4 million or $0.67 per share, higher than $49.6 million, or $0.54 per share a year ago.

On average, 13 analysts polled by Thomson Reuters expected earnings of $0.64 per share. Analysts' estimates typically exclude special items.

Revenue was $266.7 million, an increase of 8.2 percent from a year ago.

Net interest income was $200.9 million, compared to $180.2 million last year. Net interest margin was 3.30 percent, up 20 basis points from last year.

Total non-interest income was $65.8 million, compared to $66.4 million a year ago.

The company recorded a provision for loan losses of $10.2 million, compared to $14.3 million a year ago.