Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 121

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 121
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 30, 2025, there were 896 customer interest rate swap arrangements with a total notional amount of $8.0 billion to convert floating-rate loan payments to fixed-rate loan payments, and 47 customer interest rate cap arrangements with a total notional amount of $1.2 billion limiting how high interest rates can rise on variable-rate loans in a rising interest rate environment.

(2)Amounts due exclude total accrued interest receivable of $279.0 million.

Portfolio Concentrations

The Company actively monitors and manages concentrations of credit risk pertaining to specific industries, geographies, property types, and other characteristics that may exist in its loan and lease portfolio. At both September 30, 2025, and December 31, 2024, commercial non-mortgage, commercial real estate, and multi-family loans comprised approximately 75% of the Company’s loan and lease portfolio, with a large portion of the borrowers or properties associated with these loans geographically concentrated in New York City and the proximate areas.

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The following table summarizes the percentage composition of commercial non-mortgage loans by industry, as determined using NAICS codes, which are used by the Company to categorize loans based on the borrower’s type of business:

Industry:September 30, 2025December 31, 2024Finance28.7 %25.7 %Public Administration16.5 15.8 Services16.2 16.1 Communications7.1 7.7 Manufacturing6.0 6.4 Real Estate5.1 5.0 Retail & Wholesale4.4 4.6 Transportation & Public Utilities3.5 3.0 Healthcare3.3 4.6 Construction2.1 2.3 Other7.1 8.8 Total Commercial non-mortgage100.0 %100.0 %

As illustrated above, concentrations are generally consistent from period to period. Any change in composition is consistent with the Company’s portfolio growth strategy.

The following tables summarize the percentage composition of commercial real estate and multi-family loans by both geography and property type, and whether the properties are owner occupied or non-owner occupied:September 30, 2025December 31, 2024Geography:Owner OccupiedNon-Owner OccupiedTotalOwner OccupiedNon-Owner OccupiedTotalNew York City2.7 %31.1 %33.8 %