Webster Financial Q4 Earnings Beat on Higher NII & Lower Expenses
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Webster Financial's Q4 earnings exceeded expectations due to higher net interest income (NII), increased loans and deposit balances, and reduced expenses. However, the rise in provisions poses a challenge.
January 20, 2025 | 5:00 pm
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Webster Financial's Q4 earnings surpassed expectations due to increased net interest income, loans, and deposits, alongside reduced expenses. However, rising provisions present a challenge.
The positive earnings surprise is driven by higher net interest income and lower expenses, which are favorable for the stock. However, the increase in provisions could offset some of these gains, but the overall impact is likely positive in the short term.
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