Webster Financial Q2 Profit Increases - Quick Facts

(RTTNews) - Webster Financial Corp. (WBS), the holding company for Webster Bank, N.A., said that its second-quarter net income available to common shareholders rose to $45.2 million or $0.50 per share, from $43.7 million or $0.48 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter was $155.1 million compared to $147.1 million last year.

Total non-interest income for the quarter was $47.6 million compared to $52.3 million, a decrease of $4.7 million. Excluding securities gains and a nominal other-than-temporary impairment charge, a $4.3 million year-over-year decrease in core non-interest income reflects a decrease of $5.4 million in mortgage banking activities and $0.6 million in loan related fees, offset by increases of $1.7 million in deposit service fees and $0.3 million in other income.