Earnings of Webster Financial Corporation (WBS) increased by 43% in the second quarter on a linked-quarter basis to $0.57 per share. The recovery was mostly attributable to a lower provision expense in the quarter. Provision expense will likely continue to decline in the second half of 2020 because economic factors will likely ease in the remainder of the year. However, portfolio-specific factors will likely keep provision expense above-normal. Overall, I'm expecting provision expense in the year ahead to decline compared to the first half of the year but increase compared to the corresponding period last