Webster Financial Corp. Reveals Rise In Q1 Bottom Line

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

The company's bottom line totaled $78.08 million, or $0.85 per share. This compares with $57.34 million, or $0.62 per share, in last year's first quarter.

Analysts had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.2% to $214.17 million from $192.66 million last year.

Webster Financial Corp. earnings at a glance:

-Earnings (Q1): $78.08 Mln. vs. $57.34 Mln. last year. -EPS (Q1): $0.85 vs. $0.62 last year. -Analysts Estimate: $0.79 -Revenue (Q1): $214.17 Mln vs. $192.66 Mln last year.