Webster Financial Q3 profit jumps 35% year over year to $261.2M

STAMFORD, Conn. – Webster Financial Corp., the parent company of Webster Bank N.A., reported a third-quarter profit of $261.2 million on Friday, an increase of 35% from $193 million posted the same period last year.  The profit jump was fueled by higher loan and deposit balances and wider loan rate spreads, boosting net interest income