Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 22

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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,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 31, 2025, is primarily due to additional loan and lease reserves resulting from uncertainty in the current macroeconomic environment and risk rating migration, partially offset by net charge-offs, particularly across the commercial non-mortgage, commercial real estate, and asset-based categories.Concentrations of Credit RiskConcentrations of credit risk may exist when a number of borrowers are engaged in similar activities, or activities in the same geographic region, and have similar economic characteristics that