Selected Quarterly Consolidated Financial Information

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Consolidated Financial Information

Selected Quarterly Consolidated Financial Information (Unaudited)

	2012
(In thousands, except per share data)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Interest income	$	174,107		$	174,633		$	172,216		$	172,546
Interest expense	30,739			30,255			27,326			26,274
Net interest income	143,368			144,378			144,890			146,272
Provision for loan and lease losses	4,000			5,000			5,000			7,500
Net gain on sale of investment securities	—			2,537			810			—
Other non-interest income	43,986			44,816			47,669			52,940
Non-interest expense	127,813			127,179			123,887			122,925
Income before income tax expense	55,541			59,552			64,482			68,787
Income tax expense	16,603			18,312			19,489			20,261
Net income	38,938			41,240			44,993			48,526
Preferred stock dividends	(615		)	(615		)	(615		)	(615		)
Net income available to common shareholders	$	38,323		$	40,625		$	44,378		$	47,911
Net income per common share:
Basic - Net income available to common shareholders	$	0.44		$	0.46		$	0.51		$	0.55
Diluted - Net income available to common shareholders	$	0.42		$	0.44		$	0.48		$	0.52

	2011
(In thousands, except per share data)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Interest income	$	176,209		$	176,099		$	174,562		$	172,853
Interest expense	36,048			35,186			32,877			31,844
Net interest income	140,161			140,913			141,685			141,009
Provision for loan and lease losses	10,000			5,000			5,000			2,500
Net gain on sale of investment securities	2,176			1,647			—			—
Net loss on trading securities	(1,799		)	—			—			—
Other non-interest income	43,539			44,542			44,691			42,246
Litigation	292			194			(254		)	(9,755		)
Other non-interest expense	128,833			131,867			123,472			136,327
Income from continuing operations before income tax expense	44,952			50,041			58,158			54,183
Income tax expense	12,368			15,857			15,927			13,799
Income from continuing operations	32,584			34,184			42,231			40,384
Income from discontinued operations, net of tax	1,995			—			—			—
Net income	34,579			34,184			42,231			40,384
Less: Net loss attributable to noncontrolling interests	(1		)	—			—			—
Net income attributable to Webster Financial Corporation	34,580			34,184			42,231			40,384
Preferred stock dividends	(831		)	(831		)	(831		)	(793		)
Net income available to common shareholders	$	33,749		$	33,353		$	41,400		$	39,591
Net income per common share:
Basic:
Income from continuing operations	$	0.36		$	0.38		$	0.48		$	0.45
Income from discontinued operations, net of tax	0.02			—			—			—
Net income available to common shareholders	$	0.38		$	0.38		$	0.48		$	0.45
Diluted:
Income from continuing operations	$	0.34		$	0.36		$	0.45		$	0.43
Income from discontinued operations, net of tax	0.02			—			—			—
Net income available to common shareholders	$	0.36		$	0.36		$	0.45		$	0.43