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Webster Financial Corp (WBS)
:WBS
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.38Last Year’s EPS
1.35Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 17, 2025
|% Change Since: -27.45%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook, with strong financial performance and strategic growth initiatives in place. However, challenges in specific credit portfolios and regulatory pressures present ongoing obstacles.Company Guidance
During the Webster Financial Corporation's Q4 2024 earnings call, the company provided guidance with several key metrics for the upcoming year. Webster anticipates loan growth of 4% to 5% on an end-of-period basis, supported by diverse asset classes, while expecting deposits to grow at a similar rate. They project net interest income to range between $2.45 billion and $2.5 billion, assuming a 225 basis point reduction in Fed funds starting in March, with an efficiency ratio between 45% and 47%. The bank's adjusted return on tangible common equity was 17.7% for Q4 2024, with an adjusted return on assets at 1.27%, and an efficiency ratio just below 45%. They also highlighted a strong capital position with a near-term common equity Tier 1 ratio target of 11%, and an effective tax rate around 21%. Additionally, Webster is preparing for a transition to a Category 4 bank, anticipating $15 million to $20 million in incremental operating expenses for 2025, as part of a broader $40 million to $60 million run rate operating expense increase over the next few years.Strong Financial Performance
Webster reported an adjusted return on tangible common equity of 17.7%, an adjusted return on assets of 1.27%, and an efficiency ratio of just below 45% for Q4 2024.
Deposit Growth
Deposits grew by $239 million, with significant contributions from digital channels and HSA Bank, which increased its deposits by $800 million.
Successful Integration of Ametros
The acquisition of Ametros added low-cost, long-duration deposits, growing its balances to just over $1 billion from $800 million at the time of acquisition.
Positive Margin Outlook
Net interest margin (NIM) expanded slightly, and the company expects 2025 NIM to be in the range of 3.35% to 3.40%.
Proactive Investment Strategy
Investments in data and analytics capabilities, treasury management, and digital banking channels are expected to enhance future growth and operational efficiency.
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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 |
|---|---|---|---|
| Jan 17, 2025 | $57.56 | $59.28 | +2.99% |
| Oct 17, 2024 | $47.93 | $53.48 | +11.58% |
| Jul 23, 2024 | $47.70 | $44.98 | -5.70% |
| Apr 23, 2024 | $45.71 | $43.49 | -4.86% |
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 Corp (WBS) report earnings?
Webster Financial Corp (WBS) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Webster Financial Corp (WBS) earnings time?
Webster Financial Corp (WBS) earnings time is at Apr 29, 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 2025 (Q1) is 1.38.
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