WATERBURY, Conn. (AP) _ Webster Financial Corp. (WBS) on Thursday reported fourth-quarter profit of $90.5 million.

The Waterbury, Connecticut-based bank said it had earnings of 96 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.

The holding company for Webster Bank posted revenue of $352.9 million in the period. Its revenue net of interest expense was $302.2 million, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $308.7 million.

For the year, the company reported profit of $382.7 million, or $4.06 per share. Revenue was reported as $1.24 billion.

Webster Financial shares have dropped slightly more than 3% since the beginning of the year. The stock has fallen nearly 5% in the last 12 months.

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

Automated Insights, source Associated Press News