Webster sees Q3 profits double after Sterling merger

WEBSTER FINANCIAL CORP. reported $229.8 million in third-quarter earnings on Thursday./ PBN FILE PHOTO
STAMFORD, Conn. – Webster Financial Corp. more than doubled its third-quarter profits over a year ago, reporting $229.8 million in earnings on Thursday. The Webster Bank parent company's balance sheet was boosted by a $10.3 billion merger with Sterling Bancorp that closed in January, along with interest rate hikes.  Indeed, interest income nearly tripled year-over-year,…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display