More on WBS Q3 results

• Core Revenue of $208.4M up 6.3% y/y, NIM was 3.17% vs. 3.23% in 3Q13 as yield on interest earning asset declined by 6bps
• Asset quality continued to improve, annualized net charge-off rate at 24bps of average total loans vs. 47bps in 3Q13.
• Book value per share of $23.93 vs. 22.34 in 3Q13
• Efficiency ratio of 58.98% up 109bps
• Return on average tangible common shareholders' equity of 11.86% vs. 12.43% in 3Q13.
• Conference call today at 9 ET. Webcast here.
• WBS +1.9%
• Previously: Webster Financial beats by $0.01