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Webster Financial sees Q4 loan growth 1%-2% vs. Q3
The Fly

Webster Financial sees Q4 loan growth 1%-2% vs. Q3

Sees Q4: Core deposits flat to 3Q; interLINK further diversifies funding sources. Sees Q4 NII $580M-$590M (non-FTE), excluding accretion; anticipate $4M of accretion and a ~$17M FTE adjustment- Assumes no change to the Fed Funds rate. Sees non-interest income ~$90M. Expects adjusted expenses to be ~$305M; efficiency ratio in the range of 42%. Sees tax rate ~21%. Expects continued prudent management of capital given market conditions; Long-term common equity tier 1 capital ratio target of 10.5%. Comments taken from investor presentation slides.

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