Reports Q3 revenue $677.5M, consensus $614.53M. Reports Q3 net charge-off .23%. Reports Q3 CET1 capital ratio 11.15%. Reports Q3 tangible book value per share $29.48. “Our results this quarter illustrate the strength of Webster, both in terms of our earnings power and sound risk and operating profile,” said John R. Ciulla, president and chief executive officer. “During the quarter we completed our core systems conversion which marks a significant milestone in the completion of our integration. We continue to be well positioned for the current operating environment.”
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