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

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 $63,871 $713,321 $589,109 $52,333 $641,442 Provision (benefit)45,635 (509)45,126 65,607 (4,566)61,041 Charge-offs(39,792)(1,446)(41,238)(33,356)(1,418)(34,774)Recoveries3,250 1,587 4,837 360 1,286 1,646 Balance, end of period$658,543 $63,503 $722,046 $621,720 $47,635 $669,355  Six months ended June 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)113,838 10,000 123,838 114,961 (10,726)104,235 Charge-offs(95,358)(2,498)(97,856)(71,817)(2,748)(74,565)Recoveries4,192 2,306 6,498 913 3,035 3,948 Balance, end of period (1)$658,543 $63,503 $722,046 $621,720 $47,635 $669,355 Individually evaluated for credit losses95,323 811 96,134 66,943 649 67,592 Collectively evaluated for credit losses$563,220 $62,692 $625,912 $554,777 $46,986 $601,763 (1)The $32.4 million increase in the ACL on loans and leases from December 31, 2024, to June 30, 2025, is primarily due to additional reserves resulting from uncertainty in the current macroeconomic environment and organic 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