Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 72

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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318,518 $97,625 $212,672 $628,815 Non-interest income30,628 28,687 24,591 83,906 Total segment revenues349,146 126,312 237,263 712,721 Reconciliation of revenue:Corporate and reconciling3,118 Total consolidated revenues715,839 Less:Compensation and benefits50,807 24,171 37,285 Occupancy (1)— — 13,835 Technology and equipment (1)2,336 7,524 2,917 Marketing— — 2,043 Other segment items (1) (2) (3)55,229 23,758 66,964 Segment pre-tax, pre-provision net revenue240,774 70,859 114,219 425,852 Reconciliation of pre-tax, pre-provision net revenue:Corporate and reconciling(55,727)Total consolidated pre-tax, pre-provision net revenue370,125 Total consolidated provision for credit losses46,500 Total consolidated income before income taxes323,625 (1)Occupancy and Technology and equipment include, in aggregate, $0.1 million of depreciation expense for Commercial Banking, $1.5 million for Healthcare Financial Services, and $2.4 million for Consumer Banking.(2)Other segment items for each 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 $2.7 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 June 30, 2024(In thousands)CommercialBankingHealthcare Financial ServicesConsumerBankingTotalsNet interest income$337,588 $91,664 $202,679 $631,931 Non-interest income34,510