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Webster Financial (WBS)
NYSE:WBS
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Earnings Data
Report Date
Jan 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.35Last Year’s EPS
1.46Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 18, 2018
|% Change Since: 20.11%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced performance with strong deposit growth and capital optimization alongside challenges in managing credit quality and nonaccrual loans, particularly within the office portfolio.Company Guidance
During the Webster Financial Corporation's third-quarter 2024 earnings call, the company outlined several key metrics reflecting its performance and future guidance. Webster reported a net interest income increase of $18 million, with a return on average assets of 1.22% and a return on tangible common equity of 17.3%. The company achieved a deposit growth of 3.6%, driving its total assets to $79 billion, a $2.6 billion increase from the previous quarter. Its adjusted earnings per share stood at $1.34. The company also highlighted a decrease in its commercial real estate (CRE) concentration, reducing CRE outstandings as a percentage of Tier 1 capital and reserves from 285% to approximately 265%. Webster's capital levels were strong, with a common equity Tier 1 ratio of 11.23% and a tangible common equity ratio of 7.48%. Looking ahead to the fourth quarter, Webster expects loan growth between 1% to 1.5% and anticipates net interest income in the range of $590 million to $600 million, with adjusted noninterest income projected at $85 million to $90 million. The company also plans to maintain an efficiency ratio in the mid-40s and expects its common equity Tier 1 ratio to remain around 11%.Strong Deposit and Loan Growth
Deposits grew 3.6% in the quarter, including DDA, commercial deposits, and HSA. Loans grew 0.7% in the quarter, with an adjusted growth of 1.3% excluding a $300 million securitization.
Capital Optimization and Strong Capital Levels
CET1 ratio improved to 11.23%, up 64 basis points from the previous quarter, with actions optimizing asset risk weightings contributing 44 basis points to this improvement.
Efficient Cost Management
Maintained an efficiency ratio of 45%, reflecting effective cost management despite significant investments in technology and risk management platforms.
Net Interest Income and Profitability
Net interest income grew 3.1% or $18 million from the previous quarter, with adjusted net income rising by $14 million.
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WBS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WBS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $48.24 | $53.83 | +11.59% |
| Jul 23, 2024 | $48.02 | $45.28 | -5.71% |
| Apr 23, 2024 | $46.01 | $43.78 | -4.85% |
| Jan 23, 2024 | $49.46 | $48.32 | -2.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Webster Financial (WBS) report earnings?
Webster Financial (WBS) is schdueled to report earning on Jan 17, 2025, TBA Not Confirmed.
What is Webster Financial (WBS) earnings time?
Webster Financial (WBS) earnings time is at Jan 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WBS EPS forecast?
WBS EPS forecast for the fiscal quarter 2024 (Q4) is 1.35.
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