Waterbury-Based Webster Financial Beats Street 4Q Forecast

WATERBURY, Conn. (AP) – Webster Financial Corp. (WBS) on Tuesday reported fourth-quarter profit of $69.9 million.
The bank, based in Waterbury, Connecticut, said it had earnings of 73 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 67 cents pershare.
The holding company for Webster Bank posted revenue of $271 million in the period.
For the year, the company reported profit of $255.4