Webster Financial Corp. Profit Advances 23% In Q2

(RTTNews) - Webster Financial Corp. (WBS) announced earnings for its second quarter that increased from last year.

The company said its bottom line advanced to $59.49 million, or $0.64 per share. This was up from $48.40 million, or $0.53 per share, in last year's second quarter.

Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.8% to $197.79 million. This was up from $176.91 million last year.

Webster Financial Corp. earnings at a glance:

-Earnings (Q2): $59.49 Mln. vs. $48.40 Mln. last year. -Earnings Growth (Y-o-Y): 22.9% -EPS (Q2): $0.64 vs. $0.53 last year. -EPS Growth (Y-o-Y): 20.8% -Analysts Estimate: $0.60 -Revenue (Q2): $197.79 Mln vs. $176.91 Mln last year. -Revenue Change (Y-o-Y): 11.8%