Webster Financial (WBS) reported Q1 earnings Thursday of $1.30 per diluted share, up from $1.23 a year earlier.

Analysts polled by FactSet expected $1.38.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $704.8 million, compared with $667.1 million a year earlier.

Analysts polled by FactSet expected $706.5 million.

Shares were marginally lower in premarket trading.