Webster Financial’s 2024 full year outlook includes full year loan growth of about 5%, deposit growth of 5%-7%, full year net interest income of about $2.4B on a GAAP basis, excluding about $65M of FTE adjustments, assuming two Fed funds rate cuts beginning in September. Webster expects full year adjusted expenses to be in the range of $1.30B-$1.325B with an efficiency ratio in the low to mid 40% range, the company stated in Q1 earnings presentation slides.
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