Webster Bank reports $383M profit in 2019

WEBSTER BANK's holding company reported a $383 million profit in 2019. /PBN FILE PHOTO
WATERBURY, Conn. – Webster Financial Corp., the parent company for Webster Bank, brought in a $382.7 million profit in 2019, an increase of 6.2%, or $22.3 million, over earnings in 2018, the company reported Thursday. Earnings per diluted share increased from $3.81 in 2018 to $4.06 in 2019. Year over year, revenue increased 7.6% to…

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