Webster Financial Corp. Reports 12% Gain In Q4 Profit

(RTTNews) - Webster Financial Corp. (WBS) reported earnings for its fourth quarter that gained ground from last year.

The company said its bottom line came in at $55.50 million, or $0.60 per share. This was higher than $49.65 million, or $0.54 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.9% to $185.26 million. This was up from $173.34 million last year.

Webster Financial Corp. earnings at a glance:

-Earnings (Q4): $55.50 Mln. vs. $49.65 Mln. last year. -Earnings Growth (Y-o-Y): 11.8% -EPS (Q4): $0.60 vs. $0.54 last year. -EPS Growth (Y-o-Y): 11.1% -Analysts Estimate: $0.55 -Revenue (Q4): $185.26 Mln vs. $173.34 Mln last year. -Revenue Change (Y-o-Y): 6.9%