Webster Financial Corp. Profit Rises In Q2

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

The company's earnings totaled $79.49 million, or $0.86 per share. This compares with $59.49 million, or $0.64 per share, in last year's second quarter.

Analysts had expected the company to earn $0.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.8% to $225.01 million from $197.79 million last year.

Webster Financial Corp. earnings at a glance:

-Earnings (Q2): $79.49 Mln. vs. $59.49 Mln. last year. -EPS (Q2): $0.86 vs. $0.64 last year. -Analysts Estimate: $0.87 -Revenue (Q2): $225.01 Mln vs. $197.79 Mln last year.