Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 108

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 108
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0 million increase in net interest income is primarily due to higher average loan and deposit balances coupled with a higher interest rate spread on loans, partially offset by a lower interest rate spread on deposits. The $0.2 million increase in non-interest income is primarily due to higher deposit and loan servicing fees, partially offset by lower investment services income. The $7.1 million increase in non-interest expense is primarily due to increased investments in technology, employee-related expenses, and outside professional services, partially offset by lower operational support expenses and costs related to debit card processing.

Comparison to Prior Year to Date 

Consumer Banking’s PPNR decreased $11.0 million, or 4.8%, for the six months ended June 30, 2025, as compared to the six months ended June 30, 2024, due to a decrease in non-interest income and an increase in non-interest expense, partially offset by an increase in net interest income. The $6.3 million increase in net interest income is primarily due to higher average loan and deposit balances coupled with a higher interest rate spread on loans, partially offset by a lower interest rate spread on deposits. The $7.6 million decrease in non-interest income is primarily due to the net gain on sale of mortgage servicing rights in the first quarter of 2024 and lower investment services income, partially offset by higher deposit and loan servicing fees. The $9.7 million increase in non-interest expense is primarily due to increased investments in technology and outside professional services, partially offset by lower operational support expenses and costs related to debit card processing.

Selected Balance Sheet and Off-Balance Sheet Information: (In thousands)June 30,2025December 31,2024Loans$12,471,744 $11,886,095 Deposits27,789,668 27,332,786 Assets under administration (off-balance sheet)7,545,901 7,997,114 

Loans increased $585.6 million, or 4.9%, at June 30, 2025, as compared to December 31, 2024, primarily due to growth in residential mortgages and other consumer loans, partially offset by net principal paydowns in home equity loans/lines of credit and small business commercial loans. Total portfolio originations for the six months ended June 30, 2025, and 2024, were $1.1 billion and $0.7