Jul. 17 at 1:49 PM
$WBS
Total average deposits were reported at
$65.96 billion, matching the expected estimate of
$65.68 billion.
Total average loans came in at
$53.28 billion, slightly above the estimated
$53.18 billion.
Net interest income was close to forecasts, reported at
$621.2 million, just below the expected
$622.3 million.
Provision for credit losses was
$46.5 million, significantly lower than the anticipated
$60.2 million.
Earnings per share (EPS) were strong at
$1.52, surpassing the estimate of
$1.42.
Net charge-offs were noted at
$36.4 million, better than the forecasted
$51.2 million.
