STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Webster Financial Corp. (WBS) on Thursday reported first-quarter earnings of $226.9 million.
The Stamford, Connecticut-based bank said it had earnings of $1.30 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The holding company for Webster Bank posted revenue of $1.07 billion in the period. Its revenue net of interest expense was $704.8 million, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $714.9 million.
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