January 24, 2019

Webster's 4Q, full-yr. net climbs

Photo | DowntownBoston.org
Photo | DowntownBoston.org
Webster's main Boston branch.

Waterbury regional lender Webster Financial posted sharply higher net earnings for the fourth quarter and all of 2018.

For three months ended Dec. 31, Webster Bank's parent said Thursday it netted, after preferred dividends, $96.7 million, or $1.05 a diluted share, up from $6.7.7, or 73 cents a share, netted the final quarter of 2017.

For all of 2018, Webster netted after preferred dividends $351.7 million, or $3.81 a diluted share, up from $246.8 milion, or $2.67 a share, gained in 2017.

Webster ended 2018 with assets of $27.6 billion vs. $26.5 billion in 2017.

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