Webster Financial's first-quarter 2025 earnings lag estimates on high provisions and costs, and lower fee income, partially offset by higher NII.
Webster Financial Corporation (NYSE:WBS ) Q1 2025 Earnings Conference Call April 24, 2025 9:00 AM ET Company Participants Emlen Harmon - Director, IR John Ciulla - CEO Neal Holland - CFO Luis Massiani - President and Chief Operating Officer Conference Call Participants Andrew Leischner - KBW Jared Shaw - Barclays Mark Fitzgibbon - Piper Sandler Matthew Breese - Stephens Casey Haire - Autonomous Research Timur Braziler - Wells Fargo Manan Gosalia - Morgan Stanley Bernard Von Gizycki - Deutsche Bank Daniel Tamayo - Raymond James Laurie Hunsicker - Seaport Samuel Varga - UBS Jon Arfstrom - RBC Capital Markets Anthony Elian - JPMorgan Operator Good morning, and welcome to Webster Financial Corporation First Quarter 2025 Earnings Conference Call. Please note, this event is being recorded.
While the top- and bottom-line numbers for Webster Financial (WBS) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Webster Financial (WBS) came out with quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.35 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Webster Financial (WBS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2025.
Webster Financial (WBS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Webster Financial (WBS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Webster Financial Corporation's stock has dropped 21.3% since October 2024, outperforming the S&P 500's 13.4% decline, prompting a shift from 'hold' to a 'buy'. Despite a rise in provisions for credit losses, Webster Financial's net interest income and balance sheet have shown growth, indicating a resilient financial position. The company's valuation is attractive, with a price-to-earnings multiple of 7.8, making it cheaper than comparable firms, though asset quality metrics are mixed.
WBS' Q4 earnings benefit from an increase in NII, loans and deposit balance, along with a fall in expenses. However, a rise in provisions is a headwind.
Webster Financial Corporation (NYSE:WBS ) Q4 2024 Results Conference Call January 17, 2025 9:00 AM ET Company Participants Emlen Harmon - Director, IR John Ciulla - CEO Neal Holland - CFO Luis Massiani - President and Chief Operating Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Jared Shaw - Barclays Matthew Breese - Stephens Timur Braziler - Wells Fargo Chris McGratty - KBW Laurie Hunsicker - Seaport Anthony Elian - JPMorgan Nick Holowko - UBS Bernard Von Gizycki - Deutsche Bank Ben Gerlinger - Citigroup Daniel Tamayo - Raymond James Jon Arfstrom - RBC Capital Markets Operator Good morning. Welcome to the Webster Financial Corp. Fourth Quarter 2024 Earnings Conference Call.
The headline numbers for Webster Financial (WBS) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Webster Financial (WBS) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.46 per share a year ago.