WATERBURY, Conn. (AP) _ Webster Financial Corp. (WBS) on Friday reported first-quarter profit of $59.5 million.
The bank, based in Waterbury, Connecticut, said it had earnings of 62 cents per share.
The results exceeded
The holding company for Webster Bank posted revenue of $282.7 million in the period. Its adjusted revenue was $255.7 million, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $255.2 million.
Webster Financial shares have declined roughly 9 percent since the beginning of the year. The stock has risen 34 percent in the last 12 months.
Keywords: Webster Financial, Earnings Report
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