STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Webster Financial Corp. (WBS) on Friday reported fourth-quarter profit of $255.8 million.

The bank, based in Stamford, Connecticut, said it had earnings of $1.55 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.59 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.

The holding company for Webster Bank posted revenue of $1.13 billion in the period. Its revenue net of interest expense was $746.2 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $729 million.

For the year, the company reported profit of $1 billion, or $5.90 per share. Revenue was reported as $2.9 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WBS at https://www.zacks.com/ap/WBS