-
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.
April 26
Webster Financial Corp. of Waterbury, Conn., said Thursday that it recorded a $6.1 million first-quarter loss after repaying $100 million of a $400 million investment from the Troubled Asset Relief Program.
For the year-earlier period, the $18 billion-asset company reported a $21.5 million loss. Webster said that before taxes and its loan-loss provision it would have earned $57 million in the 2010 first quarter. It also reduced its provision to $43 million from $67 million in the previous quarter. Net chargeoffs declined quarter over quarter to $40.3 million from $51.8 million.
Nonperforming loans declined 6.5% from Dec. 31, to $348.8 million. The credit-quality improvement was "the result of reduced inflow of new nonaccrual loans and higher levels of cures and exits from nonperforming status," Jerry Plush, Webster's chief financial officer, said in a press release.
