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Webster reports Q2 profit totaled record $61.6M

WATERBURY, Conn. – Webster Financial Corp. on Friday reported record-breaking, second-quarter profit of $61.6 million, or 64 cents per diluted share, a 21.7 percent increased...
LOOKING UP: According to BankNewport Chief Financial Officer Gregory Derderian, left, the bank’s results reflect the positive market across the state. With him at company headquarters in Middletown are Connie Loveland, senior vice president/director of financial planning and customer support, and Justin Medeiros, accounting manager/­officer.  / PBN PHOTO/KIM FULLER

R.I. banks saw strong results in 2017 1Q

Rhode Island banks grew profit at a much faster pace than their peers nationwide and in New England during the first quarter of 2017,...
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