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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
October 28
Webster Financial Corp. in Waterbury, Conn., beat analysts' estimates Friday, reporting fourth-quarter net income of $25 million, or 30 cents a share.
It was a significant turnaround for the $18 billion-asset company, which lost $54.4 million a year earlier. Webster reported 2010 earnings of $49.4 million, compared to an $85.2 million loss in 2009.
The Connecticut banking company also reported a 1% rise in total loans compared to the preceding quarter. Originations in the fourth quarter totaled $979 million. "The growth in loans in the quarter, most particularly middle-market and commercial real estate originations, is a positive sign of quality financing opportunities in our core lines of business, and reflects a gradually improving regional economy," James C. Smith, Webster's chief executive, said in a press release.
Nonperforming loans fell 12.1% from the third quarter total, to $273.6 million, or 2.48% of all loans. Webster, which last month repaid the funds it had obtained through the Troubled Asset Relief Program, reported a total risk-based capital ratio of 13.9%.
