NYSE$WBS

Webster Financial Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported EPS of $1.00 and adjusted EPS of $1.29, reflecting a strong second quarter performance driven by loan growth and merger synergies

Webster Financial Corporation reported a strong second quarter with net income available to common shareholders of $178.1 million, or $1.00 per diluted share. Excluding merger-related expenses, earnings per diluted share would have been $1.29. The company saw strong loan growth and maintained a strong capital position.

  • Revenue reached $607.6 million.
  • Loans and leases totaled $45.6 billion, with 80% in commercial loans and leases and 20% in consumer loans.
  • Deposits amounted to $53.1 billion.
  • The company repurchased $100 million in shares under its share repurchase program.

Headline financials

Total Revenue

$608M

Previous: $294M+107.0%
EPS (adj)

$1.29

Previous: $1.21+6.6%
Net Interest Margin

3.3%

No prior period
Efficiency Ratio

45.3%

Previous: 56.6%-20.1%
Capital Expenditures

-$9.9M

Previous: -$7.41M-33.6%
Free Cash Flow

$172M

Previous: $86.6M+99.0%
Net Income

$182M

Previous: $94M+93.9%
Operating Income

$249M

Previous: $107M+134.1%
Gross Profit

$594M

Previous: $272M+118.2%
Cash & Equivalents

$902M

Previous: $1.58B-42.9%
Total Assets

$67.6B

Previous: $33.8B+100.3%
Stock-Based Comp

$21.5M

Previous: $3.47M+519.0%

Revenue & EPS history

Webster · Revenue · Quarterly

$608M

Q2 2022+107%vs Q2 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Webster · $459M total across 2 segments · Q2 2022

  • Commercial Banking
    $383M+129.5%
  • Healthcare Financial
    $76.1M+10.7%

Forward guidance

This earnings report does not include any forward guidance.

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 2022

Historical avgQ2 2022

+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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