Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 75

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 reportable segment includes:•Commercial Banking--occupancy, marketing, outside professional services, loan workout expense, foreclosed property expense, other non-interest expense, allocated net operating costs, and allocated total support costs.•Healthcare Financial Services--occupancy, marketing, outside professional services, other non-interest expense, allocated net operating costs, and allocated total support costs.•Consumer Banking--outside professional services, loan workout expense, foreclosed property expense, other-non interest expense, allocated net operating costs, and allocated total support costs.(3)Intangible assets amortization, which is a component of other non-interest expense presented in Other segment items, was $2.6 million for Commercial Banking, $3.4 million for Healthcare Financial Services, and $1.8 million for Consumer Banking.

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 Three months ended September 30, 2024(In thousands)CommercialBankingHealthcare Financial ServicesConsumerBankingTotalsNet interest income$338,424 $93,940 $202,122 $634,486 Non-interest income33,288 26,541 28,299 88,128 Total segment revenues371,712 120,481 230,421 722,614 Reconciliation of revenue:Corporate and reconciling (1)(74,990)Total consolidated revenues647,624 Less:Compensation and benefits49,166 22,709 36,176 Occupancy (2)— — 13,920 Technology and equipment (2)2,058 8,386 2,990 Marketing— — 1,825 Other segment items (2) (3) (4)49,668 22,928 61,342 Segment pre-tax, pre-provision net revenue270,820 66,458 114,168 451,446 Reconciliation of pre-tax, pre-provision net revenue:Corporate and reconciling(152,780)Total consolidated pre-tax, pre-provision net revenue298,666 Total consolidated provision for credit losses54,000 Total consolidated income before income taxes244,666 (1)The negative revenue amount for the Corporate and Reconciling Category primarily reflects the impact on net interest income for estimates for FTP and allocations of equity capital, the $19.6 million net loss on sale of investment securities, the $16.0 million net loss on sale of the factored receivables portfolio.(2)Occupancy and Technology and equipment include,