NYSE$WBS

Webster Financial Corporation · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported earnings of $0.57 per diluted share.

Webster Financial Corporation announced earnings applicable to common shareholders of $50.7 million, or $0.57 per diluted share, for the quarter ended June 30, 2020. Revenue was $284.5 million. Loan growth was $2.5 billion, or 13.1 percent from a year ago. Deposit growth of $3.8 billion, or 16.6 percent from a year ago.

  • Earnings applicable to common shareholders of $50.7 million, or $0.57 per diluted share.
  • Revenue of $284.5 million.
  • Loan growth of $2.5 billion, or 13.1 percent from a year ago.
  • Deposit growth of $3.8 billion, or 16.6 percent from a year ago.

Headline financials

Total Revenue

$284M

Previous: $318M-10.4%
EPS (adj)

$0.57

Previous: $1.05-45.7%
Net Interest Margin

3.0%

No prior period
Efficiency Ratio

60.0%

No prior period
Capital Expenditures

-$7.82M

Previous: -$12.7M+38.4%
Free Cash Flow

$45.3M

Previous: $86M-47.3%
Net Income

$53.1M

Previous: $98.6M-46.2%
Operating Income

$108M

Previous: $270M-60.0%
Gross Profit

$244M

Previous: $318M-23.0%
Cash & Equivalents

$303M

Previous: $217M+39.4%
Total Assets

$32.7B

Previous: $28.9B+13.0%
Stock-Based Comp

$3.41M

Previous: $3.44M-1.0%

Revenue & EPS history

Webster · Revenue · Quarterly

$284M

Q2 2020-10.4%vs Q2 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Webster · $310M total across 3 segments · Q2 2020

  • Consumer Banking
    $128M
  • Commercial Banking
    $120M
  • Healthcare Financial
    $62.4M

Forward guidance

This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). Forward-looking statements are based on Webster’s current expectations and assumptions regarding its business, the economy, and other future conditions.

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 Q2 2020

Historical avgQ2 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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