NYSE$WBS
Webster Financial Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Net income available to common stockholders of $216.8 million, or $1.24 per diluted share, was announced.
Webster Financial Corporation reported a solid first quarter in a challenging banking environment, with net income available to common stockholders at $216.8 million, or $1.24 per diluted share. The results reflect solid performance across diverse business lines, a strong capital position, and effective risk management.
- Revenue reached $666.0 million.
- Loans and leases balance at period end was $50.9 billion, a 2.3% increase linked quarter.
- Deposits balance at period end was $55.3 billion, also up 2.3% linked quarter.
- Adjusted earnings per diluted share were $1.49, excluding merger-related and balance sheet repositioning charges.
Headline financials
Revenue & EPS history
Webster · Revenue · Quarterly
$666M
Revenue by segment
Webster · $516M total across 2 segments · Q1 2023
- Commercial Banking$420M+28.8%81.4%
- Healthcare Financial$95.8M+33.9%18.6%
Forward guidance
Webster’s financial prospects remain strong and the company took actions that provided ample liquidity and funding optionality going forward.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.5%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+2.8%
Avg return
30 days after
51%
35 / 69 earnings
Positive
+14.5%
Q3 2020
Best reaction
-11.9%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | +0.5% | +1.1% | |
| Q4 2025 | -3.2% | -2.6% | +10.4% | |
| Q3 2025 | +0.4% | +3.3% | +4.3% | |
| Q2 2025 | -1.6% | -0.1% | +5.3% | |
| Q1 2025 | +1.6% | +1.1% | +8.7% | |
| Q4 2024 | +4.0% | +2.4% | +2.0% | |
| Q3 2024 | +8.8% | +6.8% | +23.5% | |
| Q2 2024 | -5.0% | +0.8% | -7.6% | |
| Q1 2024 | -3.5% | -4.5% | -7.1% | |
| Q4 2023 | +0.5% | +0.1% | -7.9% | |
| Q3 2023 | -2.9% | -5.6% | +9.8% | |
| Q2 2023 | +1.3% | +3.4% | -5.6% | |
| Q1 2023 | -2.6% | -9.0% | -9.5% | |
| Q4 2022 | +7.5% | +11.3% | +12.7% | |
| Q3 2022 | +4.8% | +8.9% | +8.4% | |
| Q2 2022 | -2.8% | -2.5% | +5.9% | |
| Q1 2022 | +2.7% | +3.9% | +0.2% | |
| Q4 2021 | -1.5% | -1.6% | -2.8% | |
| Q3 2021 | -0.8% | -1.4% | -2.7% | |
| Q2 2021 | -0.9% | -1.4% | +0.8% | |
| Q1 2021 | -11.9% | -7.1% | -0.3% | |
| Q4 2020 | -2.2% | -2.8% | +0.1% | |
| Q3 2020 | +14.5% | +5.4% | +29.1% | |
| Q2 2020 | +1.7% | -1.0% | +2.9% | |
| Q1 2020 | -1.9% | +1.1% | +6.6% | |
| Q4 2019 | -5.2% | -8.1% | -10.5% | |
| Q3 2019 | -6.1% | -4.8% | +0.5% | |
| Q2 2019 | +4.7% | +5.6% | -2.9% | |
| Q1 2019 | -2.8% | +0.3% | -7.5% | |
| Q4 2018 | +5.5% | +4.1% | +4.6% | |
| Q3 2018 | +4.3% | +1.1% | +1.9% | |
| Q2 2018 | +1.5% | +2.8% | +2.3% | |
| Q1 2018 | +8.7% | +10.1% | +18.1% | |
| Q4 2017 | +0.1% | -1.6% | -5.2% | |
| Q3 2017 | +4.7% | +4.5% | +0.8% | |
| Q2 2017 | -3.6% | -3.4% | -12.8% | |
| Q1 2017 | +3.4% | +6.8% | -1.5% | |
| Q4 2016 | +0.2% | +1.5% | +7.0% | |
| Q3 2016 | +4.3% | +4.8% | +23.2% | |
| Q2 2016 | -1.7% | -1.1% | +4.1% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | -2.6% | — | — | |
| Q3 2015 | -1.5% | — | — | |
| Q2 2015 | -3.3% | — | — | |
| Q1 2015 | -3.6% | — | — | |
| Q4 2014 | +5.7% | — | — | |
| Q3 2014 | +2.7% | — | — | |
| Q2 2014 | -3.7% | — | — | |
| Q1 2014 | +2.7% | — | — | |
| Q4 2013 | +4.6% | — | — | |
| Q3 2013 | +5.3% | — | — | |
| Q2 2013 | +3.6% | — | — | |
| Q1 2013 | -4.0% | — | — | |
| Q4 2009 | +1.3% | — | — | |
| Q4 2012 | +3.7% | — | — | |
| Q3 2012 | -6.0% | — | — | |
| Q2 2012 | +6.3% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2011 | -3.8% | — | — | |
| Q4 2010 | -3.8% | — | — | |
| Q4 2008 | -3.8% | — | — | |
| Q1 2010 | -3.8% | — | — | |
| Q3 2011 | +5.5% | — | — | |
| Q2 2011 | -0.9% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q3 2010 | +5.3% | — | — | |
| Q3 2009 | +5.3% | — | — | |
| Q2 2009 | -0.5% | — | — | |
| Q2 2010 | -0.5% | — | — |
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