Sector • Financial Industry • Commercial Banks |
Industry • Commercial Banks |
Sector • Financial |
Significant EPS Contraction at WBS in the fourth quarter of 2022
WBS reported fourth quarter of 2022 operating surplus of $313.164 millions
Published Mar 13 2023
CSIMarket Team / CSIMarket.com
On the contrary to Q3 Revenues increased by 5.325 % from $628.11 millions and income faded by -37.8 % from $1.31 per share.
Bottom-line of $244.751 millions in the fourth quarter of 2022 increased by 120.42 % from net earnings of $111.038 millions reported in the fourth quarter of 2022 a year ago. Webster Financial Corporation also emphasized it's improving profit margins, where net margin rose to 37% in fourth quarter of 2022, and operating margin edged up to 47.34%.
Operating earnings, however, rose 120.43% to $313.164 millions. Analyzing further the business numbers for the financial period 2022, company announced Revenues of $2.19 billions and net earnings of $644.28 millions.
Commercial Banks company explained as well, that Profits per share fell by -15.84 % to $3.72 per share from $4.42 in the preceding financial period , industry's contribution addsRevenues surged by 71.58 % from $1.28 billions a year prior.
Webster Financial Corporation is expected to report next financial earnings 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