Sector • Financial Industry • Commercial Banks |
Industry • Commercial Banks |
Sector • Financial |
Webster Financial Corporation announced that the company went from strength to strength, in the fiscal period ending September 30 2022
WBS delivered third quarter of 2022 operating surplus of $298.037 million
Published Nov 10 2022
CSIMarket Team / CSIMarket.com
The revenue advanced sharply by 105.455 % to $628.11 million from $305.72 million in the corresponding reporting season a year prior and sequentially revenue advanced by 5.502 % from $595.35 million.
Bottom-line of $233.968 million in the financial third quarter of 2022 increased by 144.45 % from net earnings of $95.713 million reported in the financial third quarter of 2022 a year ago. Webster Financial Corporation also emphasized it's improving profit margins, where net margin rose to 37.25% in financial third quarter of 2022, and operating margin edged up to 47.45%.
Operating earnings, on the other hand, improved just 137.52% to $298.037 million.
Webster Financial Corporation is expected to report next financial results on May 12, 2023.
Other WBS's news
Webster Financial Corporation Announces Revised Dividend Declaration
Webster Financial Corporation Faces Steep Decline in Revenue, -9.48% Drop in Fourth Quarter
Energetic Double Digit Earnings per Share growth by 32 % at the WBS in April to June 30 2023 period
Significant EPS Contraction at WBS in the fourth quarter of 2022
disclosed a swift Revenues increase , all along the April to June 30 2022 period
Soft Top-line at Webster Financial Corporation in the financial three months ending March 31 2022
Strong Eps Underlines Double Digits revenue growth at the WBS in the fourth quarter of 2021
Other WBS's news
Webster Financial Corporation Announces Revised Dividend Declaration
Webster Financial Corporation Faces Steep Decline in Revenue, -9.48% Drop in Fourth Quarter
Energetic Double Digit Earnings per Share growth by 32 % at the WBS in April to June 30 2023 period
Significant EPS Contraction at WBS in the fourth quarter of 2022
disclosed a swift Revenues increase , all along the April to June 30 2022 period
Soft Top-line at Webster Financial Corporation in the financial three months ending March 31 2022
Strong Eps Underlines Double Digits revenue growth at the WBS in the fourth quarter of 2021