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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income:        
Interest and fees on loans and leases $ 121,367 $ 121,322 $ 363,487 $ 365,660
Taxable interest and dividends on securities 43,532 45,753 135,082 138,504
Non-taxable interest on securities 6,662 7,221 20,577 21,841
Loans held for sale 655 266 1,810 865
Total interest income 172,216 174,562 520,956 526,870
Interest Expense:        
Deposits 14,543 18,930 45,701 63,540
Securities sold under agreements to repurchase and other short-term borrowings 5,594 4,384 15,388 11,723
Federal Home Loan Bank advances 3,943 3,551 12,933 10,201
Long-term debt 3,246 6,012 14,298 18,647
Total interest expense 27,326 32,877 88,320 104,111
Net interest income 144,890 141,685 432,636 422,759
Provision for loan and lease losses 5,000 5,000 14,000 20,000
Net interest income after provision for loan and lease losses 139,890 136,685 418,636 402,759
Non-interest Income:        
Deposit service fees 24,728 27,074 71,810 78,509
Loan related fees 4,039 5,308 12,473 15,341
Wealth and investment services 7,186 6,486 21,656 20,662
Mortgage banking activities 6,515 1,324 14,522 3,811
Increase in cash surrender value of life insurance policies 2,680 2,642 7,758 7,751
Net loss on trading securities 0 0 0 (1,799)
Net gain on sale of investment securities 810 0 3,347 3,823
Other income 2,521 1,857 8,252 6,698
Total non-interest income 48,479 44,691 139,818 134,796
Non-interest Expense:        
Compensation and benefits 66,126 61,897 198,332 194,501
Occupancy 12,462 13,150 37,922 40,741
Technology and equipment 15,118 15,141 46,721 45,667
Intangible assets amortization 1,384 1,397 4,178 4,191
Marketing 4,529 4,144 13,723 13,916
Professional and outside services 2,790 3,125 8,869 8,368
Deposit insurance 5,675 4,472 17,107 16,171
Litigation 0 (254) 0 232
Other expense 15,803 20,146 52,027 60,617
Total non-interest expense 123,887 123,218 378,879 384,404
Income from continuing operations before income tax expense 64,482 58,158 179,575 153,151
Income tax expense 19,489 15,927 54,404 44,152
Income from continuing operations 44,993 42,231 125,171 108,999
Income from discontinued operations, net of tax 0 0 0 1,995
Net income 44,993 42,231 125,171 110,994
Less: Net loss attributable to non controlling interests 0 0 0 (1)
Net income attributable to Webster Financial Corporation 44,993 42,231 125,171 110,995
Preferred stock dividends (615) (831) (1,845) (2,493)
Net income available to common shareholders $ 44,378 $ 41,400 $ 123,326 $ 108,502
Basic        
Net income from continuing operations per common share, Basic (in dollars per share) $ 0.51 $ 0.48 $ 1.41 $ 1.22
Net income available to common shareholders per common share, Basic (in dollars per share) $ 0.51 $ 0.48 $ 1.41 $ 1.24
Diluted        
Net income from continuing operations per common share, Diluted (in dollars per share) $ 0.48 $ 0.45 $ 1.34 $ 1.15
Net income available to common shareholders per common share, Diluted (in dollars per share) $ 0.48 $ 0.45 $ 1.34 $ 1.17