Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 105

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 105
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 million decrease in net interest income is primarily due to lower spreads on loans and leases, partially offset by higher loan balances and lower deposit costs. The $3.9 million decrease in non-interest income is primarily due to lower factoring, prepayment, and syndication fees, and lower direct investment gains. The $3.8 million increase in non-interest expense is primarily due to higher foreclosed property and loan workout expenses and increased investments in human capital, operational process improvements, and technology.

Comparison to Prior Year to Date 

Commercial Banking’s PPNR decreased $55.2 million, or 10.3%, for the six months ended June 30, 2025, as compared to the six months ended June 30, 2024, due to decreases in net interest income and non-interest income, and an increase in non-interest expense. The $41.9 million decrease in net interest income is primarily due to lower spreads on loans and leases, partially offset by higher loan balances and lower deposit costs. The $9.2 million decrease in non-interest income is primarily due to lower factoring, prepayment, and syndication fees, lower cash management fees, and lower direct investment gains. The $4.1 million increase in non-interest expense is primarily due to higher foreclosed property and loan workout expenses and increased investments in human capital, operational process improvements, and technology.

Selected Balance Sheet and Off-Balance Sheet Information:(In thousands)June 30,2025December 31,2024Loans and leases$41,197,664 $40,616,156 Deposits16,225,466 16,251,850 Assets under administration / management (off-balance sheet)3,070,150 2,965,624 

Loans and leases increased $581.5 million, or 1.4%, at June 30, 2025, as compared to December 31, 2024, primarily due to growth in commercial non-mortgage, partially offset net principal paydowns in commercial real estate, equipment financing, and residential mortgages, and the transfer of loans from portfolio to held for sale. Total portfolio originations for the six months ended June 30, 2025, and 2024, were $5.4 billion and $4.7 billion, respectively. The $0.7 billion increase was primarily due to increased originations in middle market banking and sponsor-lending finance portfolios