Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 149

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 149
---
rualNon-accrual with No AllowanceCommercial non-mortgage$259,491 $65,707 $248,078 $50,943 Asset-based42,140 18,297 20,787 1,080 Commercial real estate188,844 42,022 120,151 26,666 Multi-family17,953 17,953 18,043 17,953 Equipment financing19,568 124 19,367 1,809 Commercial portfolio527,996 144,103 426,426 98,451 Residential16,040 6,254 12,750 6,923 Home equity19,546 11,754 21,425 12,225 Other consumer165 2 124 3 Consumer portfolio35,751 18,010 34,299 19,151 Total $563,747 $162,113 $460,725 $117,602 Allowance for Credit Losses on Loans and Leases The following table summarizes the change in the ACL on loans and leases by portfolio segment: Three months ended March 31,20252024(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)68,203 10,509 78,712 49,354 (6,160)43,194 Charge-offs(55,566)(1,052)(56,618)(38,461)(1,330)(39,791)Recoveries942 719 1,661 553 1,749 2,302 Balance, end of period (1)$649,450 $63,871 $713,321 $589,109 $52,333 $641,442 Individually evaluated for credit losses93,102 710 93,812 60,786 4,209 64,995 Collectively evaluated for credit losses$556,348 $63,161 $619,509 $528,323 $48,124 $576,447 (1)The $23.8 million increase in the ACL on loans and leases from December 31, 2024, to March