Webster Financial’s Q4/15 net income was $50.6 million compared to $48.4 million for Q4/14. Full-year net income of $197.6 million compared to $189.2 million a year earlier.

For the full year 2015, net income was $197.6 million, up 4.4% compared to $189.2 million for the full year 2014.

The following highlights were excerpted from the news release:

• The year-end 2015 equipment financing balance of $600.5 million was up 11.7%, or $62.7 million, from $537.8 million a year earlier.
• The year-end 2015 asset-based lending balance of $753.2 million was up 14%, or $91.9 million, from $661.3 million a year earlier.
• Commercial loans and leases at year-end 2015 of $4.92 billion were up 15% from $4.29 billion a year earlier
• The provision for loan losses for the full-year 2015 of $49.3 million was up $12 million, or 32%, from $37.3 million in 2014.
• The net interest margin for the full-year 2015 of 3.08% was down 13 basis points from 3.21% a year earlier.

“Webster’s record net income for the fourth quarter and full year 2015 showcase our sustained progress in executing growth strategies that maximize value to customers and shareholders,” said James C. Smith, chairman and chief executive officer. “Record quarterly loan originations and net interest margin expansion helped produce our 25th consecutive quarter of year-over-year core revenue growth. Record full year 2015 loan originations of $5.6 billion were 19% higher than a year ago as Webster bankers excelled in service to our customers and communities.”