Webster's 4Q net higher

BY Gregory Seay

PHOTO | Contributed
PHOTO | Contributed
A Webster branch
Waterbury regional lender Webster Financial Corp. posted higher fourth-quarter profits.

For three months ended Dec. 31, the parent of Webster Bank said Tuesday it netted after preferred dividends $67.7 million, or 73 a diluted share, vs. $55.5 million, or 60 cents a diluted share, netted the same quarter of 2016.

CEO John Ciulla said Webster also achieved a milestone of more than $1 billion in revenues in the quarter.

Webster ended 2017 with $26.5 billion in assets vs. $26.4 billion at Dec. 31, 2016.