Webster Financial Q3 2022 Results: Revenue Beats Expectations, EPS Lags

Webster Financial (NYSE:WBS) Third Quarter 2022 Results

Main financial results

  • Revenue: $628.1 million (up 106% compared to Q3 2021).
  • Net income: $229.8 million (up 147% compared to Q3 2021).
  • Profit margin: 37% (compared to 31% in the 3rd quarter of 2021).
    • The increase in the margin is explained by the increase in revenues.
  • EPS: 1.32 USD (compared to 1.04 USD in the 3rd quarter of 2021).
NYSE: WBS Earnings and Revenue Growth October 22, 2022

All figures shown in the table above are for the 12 month period (TTM)

Webster Financial revenue beats expectations, EPS falls short

Revenue beat analysts’ estimates by 3.7%. Earnings per share (EPS) beat analysts’ estimates by 1.6%.

Looking ahead, revenue is expected to grow by an average of 12% per year over the next 3 years, compared to a growth forecast of 6.5% for the banking sector in the United States.

Performance of the US banking industry.

Shares of the company are up 6.6% from a week ago.

Risk analysis

Remember that there may still be risks. For example, we have identified 2 warning signs for Webster Financial (1 is significant) which you should be aware of.

Valuation is complex, but we help make it simple.

Find out if Webster Financial is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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