Webster Financial Earnings Call Nuggets: Neutral Check Ordering and Impact on Mortgages

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

Neutral Check Ordering

David Rochester – Deutsche Bank: Just quickly on the fee income side, I was wondering if you are expecting to make that switch to neutral check ordering this year and can you update us on what that impact could potentially be?

James C. Smith – Chairman and CEO: We are likely to make that switch sometime in 2013 and I think the impact probably is somewhere in the $2.5 million to $3 million range annually.

David Rochester – Deutsche Bank: So probably impacting the latter part of the year, I would guess.

James C. Smith – Chairman and CEO: Yes, yes.

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Click here for our fresh Feature Stock Pick now!