This excerpt taken from the WBS 8-K filed Jul 22, 2008.
Net loss of $28.9 million or ($.56) per diluted share includes the impact of:
WATERBURY, Conn., July 22, 2008 Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., today announced a net loss of $28.9 million or ($.56) per diluted share for the second quarter of 2008, compared to net income of $24.4 million or $.47 per diluted share for the first quarter of 2008 and $35.5 million in net income or $.63 in earnings per share for the second quarter of 2007. As detailed below, results in the second quarter of 2008 reflect certain cash and non-cash charges in the quarter aggregating to $.98 per share. For the first six months of 2008, net loss totaled $4.6 million, or $.09 per diluted share, compared to net income of $70.5 million, or $1.25 per diluted share in the year-ago period.