Webster Financial Earnings Call Insights: Margin Analysis and Securities Portfolio Yield

Webster Financial Corp (NYSE:WBS) recently reported its second quarter earnings and discussed the following topics in its earnings conference call.

 

Margin Analysis

Dave Rochester – Deutsche Bank: Glenn just real quick, you mentioned 2 basis points of the margin came from recaptured interest this quarter, did I get that right?

Glenn MacInnes – CFO, Webster Bank and Webster Financial Corporation: That’s correct.

Dave Rochester – Deutsche Bank: How much came from prepayment of penalty income?

Glenn MacInnes – CFO, Webster Bank and Webster Financial Corporation: For the quarter probably about 2 basis points.

Dave Rochester – Deutsche Bank: That’s versus what in 1Q?

Glenn MacInnes – CFO, Webster Bank and Webster Financial Corporation: I think it was about the same in Q1.

Dave Rochester – Deutsche Bank: In terms of your margin guidance, how much of an unwind of the securities premium amortization you are assuming for that going forward?

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