Webster Financial Corp. Profit Falls 3% In Q2

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

The company said its profit fell to $48.40 million, or $0.53 per share. This was down from $49.82 million, or $0.55 per share, in last year's second quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Webster Financial Corp. earnings at a glance:

-Earnings (Q2): $48.40 Mln. vs. $49.82 Mln. last year. -Earnings Decline (Y-o-Y): -2.9% -EPS (Q2): $0.53 vs. $0.55 last year. -EPS Decline (Y-o-Y): -3.6% -Analysts Estimate: $0.52