- Webster Financial Corporation reports Q1 2025 earnings per share (EPS) of $1.30, an increase from $1.23 the previous year.
- Net income applicable to common stockholders rose to $220.4 million compared to $210.1 million in Q1 2024.
- Revenue for Q1 2025 was $704.8 million, reflecting continued growth in loans and deposits.
Webster Financial Corporation (WBS, Financial), the holding company for Webster Bank, reported net income applicable to common stockholders of $220.4 million for the first quarter of 2025, translating to an earnings per share (EPS) of $1.30. This marks a significant improvement from the previous year's net income of $210.1 million and EPS of $1.23 for the same period.
Revenue for the quarter totaled $704.8 million, driven by a 1.0% increase in loans and leases, reaching $53.1 billion, and a 1.3% rise in deposits, which reached $65.6 billion. These results underscore the bank's successful navigation through varying economic conditions.
The provision for credit losses stood at $77.5 million, adjusting the allowance for credit losses to 1.34% of total loans and leases, reflecting cautious positioning amid market volatility. The company achieved a net interest margin of 3.48%, a 4 basis point increase from the previous quarter, showcasing efficiency in managing interest-earning assets and liabilities.
CEO John R. Ciulla noted the company's ability to deliver strong returns to stockholders through diverse business operations, despite economic uncertainties. He emphasized the importance of being prepared for a wider range of economic scenarios to maintain solid performance.
