Recap: Webster Financial Q2 Earnings

Shares of Webster Financial WBS rose 0.2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 45.71% year over year to $0.57, which beat the estimate of $0.51.

Revenue of $224,407,000 declined by 7.19% year over year, which missed the estimate of $230,990,000.

Guidance

Webster Financial hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 23, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/gm455bx6

Technicals

Company's 52-week high was at $54.04

Company's 52-week low was at $18.16

Price action over last quarter: Up 15.27%

Company Overview

Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania.