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Webster Financial Corporation  (WBS)
    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


savings-2789112__340.jpgFor the financial third quarter of 2022 WBS EPS advanced by 27.18 % of $1.31 per share compare to $1.03 a year prior and income grew by 31 % from $1.00 per share from the preceding reporting season.

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.



Webster Financial's Capital Expenditures Growth

Webster Financial's Price to sales ratio PS



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