Webster Financial Q4 Profit Rises

(RTTNews) - Webster Financial Corp. (WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, reported that its earnings applicable to common shareholders for the fourth-quarter ended December 31, 2018 rose to $96.7 million, or $1.05 per share from $67.7 million or $0.73 per share last year.

Adjusting for $4.6 million related to a gain on the sale of six banking centers, earnings per share would have been $1.01.

Revenue of $310.3 million, an increase of 14.5 percent, including net interest income of $237.1 million, an increase of 15.7 percent.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.98 per share and revenues of $236.55 million. Analysts' estimates typically exclude special items.