Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 174

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 174
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,355 Provision21,308 22,897 44,205 49,923 3,946 53,869 Charge-offs(37,914)(2,034)(39,948)(36,362)(997)(37,359)Recoveries765 829 1,594 377 1,556 1,933 Balance, end of period$642,702 $85,195 $727,897 $635,658 $52,140 $687,798  Nine months ended September 30,20252024(In thousands)Commercial PortfolioConsumer PortfolioTotalCommercial PortfolioConsumer PortfolioTotalACL on loans and leases:Balance, beginning of period$635,871 $53,695 $689,566 $577,663 $58,074 $635,737 Provision (benefit)135,146 32,897 168,043 164,884 (6,780)158,104 Charge-offs(133,272)(4,532)(137,804)(108,179)(3,745)(111,924)Recoveries4,957 3,135 8,092 1,290 4,591 5,881 Balance, end of period (1)$642,702 $85,195 $727,897 $635,658 $52,140 $687,798 Individually evaluated for credit losses81,824 680 82,504 70,489 651 71,140 Collectively evaluated for credit losses$560,878 $84,515 $645,393 $565,169 $51,489 $616,658 (1)The $38.3 million increase in the ACL on loans and leases from December 31, 2024, to September 30, 2025, is primarily due to additional reserves resulting from uncertainty in the current macroeconomic environment and loan growth, partially offset by net charge-offs and improvements in risk rating migration.Concentrations of Credit RiskConcentrations of credit risk may exist when a number of borrowers are engaged in similar activities, or activities in the same geographic region, and have similar economic characteristics that would cause them to be similarly impacted by changes in economic or other conditions. Concentrations of credit risk are controlled and monitored as part of the Company’s credit policies and procedures. The Company is a regional financial services holding company