STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Webster Financial Corp. (WBS) on Thursday reported second-quarter net income of $258.8 million.
The bank, based in Stamford, Connecticut, said it had earnings of $1.52 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The holding company for Webster Bank posted revenue of $1.1 billion in the period. Its revenue net of interest expense was $715.8 million, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $711.7 million.
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