Webster Financial posted record second-quarter profits amid a spurt of home- and business-loan originations, the Waterbury regional lender says.
For three months ended June 30, the parent of Webster Bank said Thursday it netted, before paying preferred dividends, $52.5 million vs. $47.8 million netted in the second quarter of 2014. Per diluted common share, Webster netted 55 cents vs. 50 cents a year ago.
Webster booked $1.5 billion in new loans in the quarter, an 11.3 percent increase, from a year earlier. Commercial loans and home mortgages paced the gain, the bank said.
“It’s clear our strategic investments are delivering value for customers and shareholders alike, as Webster bankers excel in service to our customers and communities,’’ said Webster Chairman and CEO James C. Smith.
Webster ended the quarter with $23.4 billion in assets vs. $21.3 billion a year ago.
