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6	member 1/08/21 5:31PM Re: Author Exit Recommendation 5
The valuation re-rating makes the risk/reward less attractive. Trends will likely continue to move in the right direction; improving credit, improving effciency, etc. However, the bar is now higher and expect bumps along the way. view available tags
4	member 12/04/20 10:00AM Efficiency
Webster announced a plan to consolidate/close 27 of their banking centers. Expect to incur pre-tax costs of $19 mm - most of which will occur in 4Q20. Annual savings expected to be $15 mm. Part of cost... login to read the rest view available tags
3	member 10/22/20 10:18AM Quarter
Reported $0.75 in EPS; my adjusted is $0.70 after eliminating ~$5.0 mm in mortgage origination income - yes real, but non-recurring. Provision declined sequentially from $40.0 mm to $22.8 mm; net charge-offs also declined sequentially... login to read the rest view available tags
2	member 9/21/20 10:28AM Re: Questions 1
Thanks for the questions. Gun to my head, I would bet they will cut the dividend. Management stated on 2Q call that if business trends remain as is they will maintain the dividend, for what it's... login to read the rest view available tags