Webster Financial, $WBS, Q4 FY24 Results: ๐ Adj EPS: $1.43 ๐ข ๐ฐ Revenue: $661M ๐ด ๐ Net Income: $173.60M ๐ Loans & leases reached $52.50B (+3.51% YoY). Strong capital position with CET1 ratio at 11.50%.
$WBS (+0.5% pre) Webster Financial: Q4 Earnings Snapshot - AP https://t.co/pc5kIYyCqQ
Webster Reports Fourth Quarter 2024 EPS of $1.01; Adjusted EPS of $1.43 https://t.co/7sqgmNcU2u https://t.co/vAYdPeEQPW

Webster Financial Corporation reported its fourth quarter 2024 earnings, revealing an adjusted earnings per share (EPS) of $1.43, surpassing analysts' expectations of $1.35. However, the company's total revenue for the quarter was $661 million, falling short of the $615.22 million estimate. Net income for the quarter was reported at $173.6 million, down from $181.2 million in the same period last year. Additionally, Webster's loans and leases increased to $52.5 billion, reflecting a year-over-year growth of 3.51%. The company maintains a strong capital position, with a Common Equity Tier 1 (CET1) ratio of 11.50%.