Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 107

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 107
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2 million increase in net interest income is primarily due to higher deposit balances, partially offset by lower deposit spreads. The $0.4 million decrease in non-interest income is primarily due to lower deposit service fees and higher revenue share costs, partially offset by higher interchange fees and medical fees. The $7.8 million increase in non-interest expense is primarily due to higher compensation and benefits costs and technology costs, and a one-time lease termination benefit in the second quarter of 2024.

Selected Balance Sheet and Off-Balance Sheet Information:(In thousands)June 30,2025December 31,2024Deposits$10,181,138 $9,966,773 Assets under administration, through linked investment accounts (off-balance sheet)5,751,460 5,321,736 

Deposits increased $214.4 million, or 2.2%, at June 30, 2025, as compared to December 31, 2024, primarily due to additional HSA Bank and Ametros account holders in the first half of 2025.

Assets under administration, through linked investment accounts, increased $429.7 million, or 8.1%, at June 30, 2025, as compared to December 31, 2024, primarily due to additional HSA Bank and Ametros account holders and an increase in investment account balances as a result of volatility in the equity markets during the six months ended June 30, 2025.

13

Consumer Banking

Operating Results:Three months ended June 30,Six months ended June 30,(In thousands)2025202420252024Net interest income$212,672 $202,679 $414,736 $408,456 Non-interest income24,591 24,392 50,795 58,370 Non-interest expense123,044 115,905 245,700 236,026 Pre-tax, pre-provision net revenue$114,219 $111,166 $219,831 $230,800 

Comparison to Prior Year Quarter

Consumer Banking’s PPNR increased $3.1 million, or 2.7%, for the three months ended June 30, 2025, as compared to the three months ended June 30, 2024, due to increases in net interest income and non-interest income, partially offset by an increase in non-interest expense. The $10.