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A Webster Bank branch in downtown Boston. Banker & Tradesman file photo. Connecticut-based Webster Bank saw first quarter earnings increase almost 200 percent compared to the same quarter last year, when banks were responding to the start of the pandemic. Webster, which this week announced plans to merge with New York-based Sterling National Bank, had first quarter earnings applicable to common shareholders of $105.5 million, or $1.17 per diluted share, compared to $36 million, or $0.39 per diluted share, in the first quarter of 2020. Webster’s earnings include the performance of both the bank and the HSA Bank division. Webster’s first quarter results reflected pre-tax charges of $9.4 million related to the bank’s strategic initiatives. Adjusting for those charges, the earnings per diluted share would have been $1.25 for the first quarter. The bank had taken a $42 million pre-tax charge in the fourth quarter related to the initiatives, when earnings applicable to common shar

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