Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 125

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 125
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 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 $9.3 million for Commercial Banking, $13.4 million for Healthcare Financial Services, and $8.3 million for Consumer Banking.

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Year ended December 31, 2023(In thousands)CommercialBankingHealthcare Financial ServicesConsumerBankingTotalsNet interest income$1,436,616 $302,856 $898,898 $2,638,370 Non-interest income125,265 88,113 114,851 328,229 Total segment revenues1,561,881 390,969 1,013,749 2,966,599 Reconciliation of revenue:Corporate and reconciling(314,993)Total consolidated revenues2,651,606 Less:Compensation and benefits178,289 84,072 139,203 Occupancy (1)— — 57,289 Technology and equipment (1)7,944 27,860 9,998 Marketing— — 6,736 Other segment items (2) (3)208,709 56,228 256,403 Segment pre-tax, pre-provision net revenue1,166,939 222,809 544,120 1,933,868 Reconciliation of pre-tax, pre-provision net revenue:Corporate and reconciling(698,617)Total consolidated pre-tax, pre-provision net revenue1,235,251 Total consolidated provision for credit losses150,747 Total consolidated income before income taxes1,084,504 (1)Occupancy and Technology and equipment include, in aggregate, depreciation expense of $0.4 million for Commercial Banking, $4.5 million for Healthcare Financial Services, and $8.9 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