Webster Financial Corp., the holding company for Webster Bank, reported increases in both its fourth-quarter and full-year profits for 2015.
Its fourth-quarter net income saw growth of 4.5 percent, and an annual net income increase of 4.4 percent.
Webster reported profits of $197.6 million, or $2.15 per diluted share, for 2015, up from $189.2 million, or $2.08 per diluted share, in 2014. Net income for the fourth quarter was $50.6 million, or 55 cents per diluted share, compared to $48.4 million, or 53 cents per diluted share, for the same quarter in 2014. The company said both were record net income amounts.
Webster said record quarterly loan originations and net interest margin expansion helped produce its 25th consecutive quarter of year-over-year revenue growth. It also reported record full year 2015 loan originations of $5.6 billion, which was 19 percent higher than a year ago.
