Recap: Webster Finl Q1 Earnings

Webster Finl WBS reported its Q1 earnings results on Thursday, April 20, 2023 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

Webster Finl missed estimated earnings by 6.29%, reporting an EPS of $1.49 versus an estimate of $1.59.

Revenue was up $201.03 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.06 which was followed by a 0.68% drop in the share price the next day.

Here's a look at Webster Finl's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 1.66 1.41 1.25 1.10
EPS Actual 1.60 1.46 1.29 1.24
Revenue Estimate 595.48M 528.96M 485.69M 365.30M
Revenue Actual 602.38M 551.00M 486.66M 394.25M

To track all earnings releases for Webster Finl visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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