Webster Financial Corp. Profit Advances In Q1

(RTTNews) - Webster Financial Corp. (WBS) announced earnings for its first quarter that increased from the same period last year.

The company's profit came in at $97.55 million, or $1.06 per share. This compares with $78.08 million, or $0.85 per share, in last year's first quarter.

Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.8% to $241.55 million from $214.17 million last year.

Webster Financial Corp. earnings at a glance:

-Earnings (Q1): $97.55 Mln. vs. $78.08 Mln. last year. -EPS (Q1): $1.06 vs. $0.85 last year. -Analysts Estimate: $1.01 -Revenue (Q1): $241.55 Mln vs. $214.17 Mln last year.