Webster Financial Q1 Earnings Miss on Higher Provisions & Expenses
Webster Financial (WBS) reported first-quarter 2025 earnings per share (EPS) of 1.38. Nonetheless, the reported figure compared favorably with EPS of $1.23 reported a year ago.Results were affected by higher non-interest expenses and provisions, along with lower non-interest income. Nonetheless, a rise in net interest income (NII) and higher loan and deposit balances supported the results to some extent.Net income applicable to common shareholders (GAAP b ...