Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 102

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 102
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119,405 $122,479 Loan and lease related fees16,404 18,513 51,682 57,614 Wealth and investment services7,640 8,367 23,208 24,847 Cash surrender value of life insurance policies7,535 8,020 24,699 20,325 Gain (loss) on sale of investment securities, net — (19,597)220 (79,338)Other income29,751 3,575 68,955 53,465 Total non-interest income$100,906 $57,741 $288,169 $199,392 

Comparison to Prior Year Quarter

Total non-interest income increased $43.2 million, or 74.8%, from $57.7 million for the three months ended September 30, 2024, to $100.9 million for the three months ended September 30, 2025, primarily due to the change in Net gains (losses) on sale of investment securities and an increase in Other income, partially offset by a decrease in Loan and lease related fees.

Loan and lease related fees decreased $2.1 million, or 11.4%, from $18.5 million for the three months ended September 30, 2024, to $16.4 million for the three months ended September 30, 2025, primarily due to lower loan servicing fees, syndication fees, and amendment fees, partially offset by an increase in prepayment penalties.

There were no sales of investment securities during the three months ended September 30, 2025. During the three months ended September 30, 2024, net (losses) on sale of investment securities totaled $19.6 million, as the Company sold $304.3 million of Municipal bonds and notes, Agency MBS, and Agency CMBS classified as available-for-sale for proceeds of $284.7 million. The amounts presented in non-interest income include the portion of any losses that were not due to credit related factors.

Other income increased $26.2 million, or 732.2%, from $3.6 million for the three months ended September 30, 2024, to $29.8 million for the three months ended September 30, 2025, primarily due to a $16.0 million net loss on the sale of the fact