Webster Financial Q2 revenue beats estimates on loan, deposit growth
WBS•Outlook
- Webster says it will no longer provide a forward-looking financial outlook due to pending acquisition by Banco Santander
Overview
- U.S. commercial bank's Q2 revenue rose, beating analyst expectations
- Adjusted EPS for Q2 was $1.60, slightly missing analyst expectations
- Webster expects Banco Santander acquisition to close in H2 2026
Result drivers and key details
- Loan and deposit growth - Higher average loans and leases, as well as increased deposits, contributed to revenue growth
- Non-interest income - Increase in non-interest income was mainly due to other miscellaneous income and higher loan and lease related fees
- Asset quality improvement - Decline in non-performing loans and leases, mainly in commercial non-mortgage and commercial real estate, supported results
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $740 mln | $687.86 mln (11 Analysts) |
| Q2 Adjusted EPS | Miss | $1.60 | $1.62 (15 Analysts) |
| Q2 EPS | $1.56 | ||
| Q2 CET1 Capital Ratio |
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