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BankRI’s new parent company posts $56.3M loss after Brookline-Berkshire merger

BOSTON – Beacon Financial Corp., the holding company of Bank Rhode Island, reported a third-quarter net loss of $56.3 million on Wednesday, reversing a...
WEBSTER FINANCIAL Corp., the parent company of Webster Bank, recorded a $226.9 million profit in the first quarter of 2025, up nearly 5% from the $216.3 million it made in the first quarter of 2024. / PBN FILE PHOTO

Webster Financial Corp. reports $226.9M in Q1 profit

STAMFORD, Conn. – Webster Financial Corp., the parent company of Webster Bank, on Thursday said it recorded a $226.9 million profit in the first...

Webster Bank parent posts $216.3M profit in Q1

STAMFORD, Conn. – Webster Financial Corp., the parent company of Webster Bank, on Monday said it recorded a $216.3 million profit in the first...
BANK OF AMERICA Corp. saw its fourth-quarter profit fall more than 50% from a year earlier because of lingering banking industry headwinds. / AP FILE PHOTO/MICHAEL DWYER

Bank of America profits fall 50% in fourth quarter of 2023

NEW YORK (AP) – Bank of America Corp. saw its fourth-quarter profit fall more than 50% from a year earlier as the banking industry...
WEBSTER FINANCIAL Corp. on Thursday reported a $235 million second-quarter profi. / PBN FILE PHOTO

Webster Financial Corp. posts $235M Q2 profit, up 28.9%

STAMFORD, Conn. – Webster Financial Corp. on Thursday reported a $235 million second-quarter net income, an increase of $52.7 million – or 28.9% –...
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