Webster Financial Corp. Profit Drops 1% In Q1

(RTTNews) - Webster Financial Corp. (WBS) revealed earnings for first quarter that retreated compared to the same period last year.

The company said its profit totaled $46.49 million, or $0.51 per share. This was lower than $46.94 million, or $0.52 per share, in last year's first quarter.

Analysts had expected the company to earn $0.53 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Webster Financial Corp. earnings at a glance:

-Earnings (Q1): $46.49 Mln. vs. $46.94 Mln. last year. -Earnings Decline (Y-o-Y): -1.0% -EPS (Q1): $0.51 vs. $0.52 last year. -EPS Decline (Y-o-Y): -1.9% -Analysts Estimate: $0.53