Webster Financial (WBS) Misses Q1 EPS by 2c

Webster Financial (NYSE: WBS) reported Q1 EPS of $0.51, $0.02 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $240.1 million versus the consensus estimate of $176.5 million.

"Solid quarterly results underscore Webster's sustained progress in executing growth strategies that maximize value to customers and shareholders. Both loans and revenue grew more than 10 percent, and total assets neared $25 billion," said James C. Smith, chairman and chief executive officer. "Our recent Boston expansion is gaining momentum, as new deposits recently surpassed $100 million. Webster bankers continued to excel in service to customers and communities."

For earnings history and earnings-related data on Webster Financial (WBS) click here.

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