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Webster Financial (WBS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2023, Webster Financial (WBS - Free Report) reported revenue of $634.84 million, down 9.9% over the same period last year. EPS came in at $1.46, compared to $1.60 in the year-ago quarter.
The reported revenue represents a surprise of -5.93% over the Zacks Consensus Estimate of $674.82 million. With the consensus EPS estimate being $1.46, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Webster Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 43% compared to the 43.6% average estimate based on seven analysts.
Net Interest Margin: 3.4% versus the seven-analyst average estimate of 3.5%.
Average balance - Total interest-earning assets: $66.57 billion compared to the $67.25 billion average estimate based on six analysts.
Net charge-offs/average loans and leases (annualized): 0.3% versus 0.3% estimated by five analysts on average.
Total nonperforming loans and leases: $209.54 million versus the two-analyst average estimate of $253.45 million.
Total Non-Interest Income: $63.82 million compared to the $89.07 million average estimate based on seven analysts.
Loan and lease related fees: $21.36 million versus $20.36 million estimated by six analysts on average.
Deposit service fees: $37.46 million versus the six-analyst average estimate of $42.33 million.
Wealth and investment services: $7.77 million versus the six-analyst average estimate of $7.16 million.
Non-interest income- Other income: $6.46 million versus the five-analyst average estimate of $12.33 million.
Tax-equivalent Net Interest Income: $588.85 million versus $599.16 million estimated by five analysts on average.
Net Interest Income: $571.02 million versus $584.40 million estimated by five analysts on average.
Shares of Webster Financial have returned +1% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Webster Financial (WBS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Webster Financial (WBS - Free Report) reported revenue of $634.84 million, down 9.9% over the same period last year. EPS came in at $1.46, compared to $1.60 in the year-ago quarter.
The reported revenue represents a surprise of -5.93% over the Zacks Consensus Estimate of $674.82 million. With the consensus EPS estimate being $1.46, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Webster Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 43% compared to the 43.6% average estimate based on seven analysts.
- Net Interest Margin: 3.4% versus the seven-analyst average estimate of 3.5%.
- Average balance - Total interest-earning assets: $66.57 billion compared to the $67.25 billion average estimate based on six analysts.
- Net charge-offs/average loans and leases (annualized): 0.3% versus 0.3% estimated by five analysts on average.
- Total nonperforming loans and leases: $209.54 million versus the two-analyst average estimate of $253.45 million.
- Total Non-Interest Income: $63.82 million compared to the $89.07 million average estimate based on seven analysts.
- Loan and lease related fees: $21.36 million versus $20.36 million estimated by six analysts on average.
- Deposit service fees: $37.46 million versus the six-analyst average estimate of $42.33 million.
- Wealth and investment services: $7.77 million versus the six-analyst average estimate of $7.16 million.
- Non-interest income- Other income: $6.46 million versus the five-analyst average estimate of $12.33 million.
- Tax-equivalent Net Interest Income: $588.85 million versus $599.16 million estimated by five analysts on average.
- Net Interest Income: $571.02 million versus $584.40 million estimated by five analysts on average.
View all Key Company Metrics for Webster Financial here>>>Shares of Webster Financial have returned +1% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.