Webster Financial Corp. Q4 Profit Decreases, But Beats Estimates

(RTTNews) - Webster Financial Corp. (WBS) revealed earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $173.60 million, or $1.01 per share. This compares with $181.23 million, or $1.05 per share, in last year's fourth quarter.

Excluding items, Webster Financial Corp. reported adjusted earnings of $181.25 million or $1.43 per share for the period.

Analysts on average had expected the company to earn $1.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Webster Financial Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $173.60 Mln. vs. $181.23 Mln. last year. -EPS (Q4): $1.01 vs. $1.05 last year.