Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 112

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 112
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 2024, a gain on an investment portfolio sale in the third quarter of 2024, and lower investment services income, partially offset by increased deposit and loan servicing fees. The $18.8 million increase in non-interest expense is primarily due to increased investments in technology, human capital, 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)September 30,2025December 31,2024Loans$12,683,490 $11,886,095 Deposits27,548,034 27,332,786 Assets under administration (off-balance sheet)7,655,783 7,997,114 

Loans increased $797.4 million, or 6.7%, at September 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 nine months ended September 30, 2025, and 2024, were $1.7 billion and $1.3 billion, respectively. The $0.3 billion increase was primarily due to increased residential mortgage and home equity line/loan originations, partially offset by decreased small business commercial loan originations. 

Deposits increased $215.2 million, or 0.8%, at September 30, 2025, as compared to December 31, 2024, primarily due to growth in online savings, money market, and certificates of deposit products, partially offset by seasonal outflows in demand and interest-bearing checking. 

Assets under administration decreased $341.3 million, or 4.3%, at September 30, 2025, as compared to December 31, 2024, primarily due to the sale of two investment portfolios in the first quarter of 2025 and volatility in the equity markets during the nine months ended September 30, 2025.

14

Financial Condition

Total assets increased $4.2 billion, or 5.3%, from $79.0 billion at December 31, 2024, to $83.2 billion at September 30, 2025. The change in total assets was primarily attributed