July 19, 2018

Webster Bank's 2Q net climbs

PHOTO | Contributed
PHOTO | Contributed
A Webster branch.

Waterbury super-regional lender Webster Financial Corp. posted higher second-quarter revenue and profits.

For three months ended June 30, the parent of Webster Bank and HSA Bank said Thursday it netted after preferred dividends $79.5 million, or 86 cents a diluted share, up from $59.5 million, or 64 cents a share, netted the same quarter a year ago.

CEO John Ciulla said profitability was paced by higher fee and interest revenues that rose 11.8 percent from a year earlier, to $293.4 million.

Webster ended the quarter with assets of $27 billion vs. $26.1 billion a year ago.

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