Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 123

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 123
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). Estimates for FTP and allocations of equity capital and non-interest expense, certain of which are subjective in nature, are periodically reviewed and refined. Equity capital is allocated using a combination of risk-weighted asset and management assessment methodologies across the differentiated lines of business. Net operating costs and total support costs, which reflect costs for shared services and back-office support areas, are allocated using an activity and driver-based costing process. The full profitability measurement reports, which are prepared for each reportable segment and reviewed by the CODM on a monthly basis, reflect non-GAAP reporting methodologies. The differences between full profitability and GAAP results are reconciled in the Corporate and Reconciling category.The goal of FTP is to encourage loan and deposit growth consistent with the Company’s overall profitability objectives. The FTP process considers the specific interest rate risk and liquidity risk of financial instruments, other assets, and other liabilities included in each reportable segment. Loans and deposits are assigned FTP rates, and segments are charged a cost to fund loans and are paid a credit for deposit funds provided. Consideration is given to the origination date and the earlier of the maturity date or the repricing date of a financial instrument to assign an FTP rate for loans and deposits originated each day. Overall, the FTP process reflects the transfer of interest rate risk exposure to the Treasury function included within the Corporate and Reconciling category, where such exposures are centrally managed.Financial InformationThe following table presents certain balance sheet financial information for the Company’s reportable segments: At December 31, 2024(In thousands)CommercialBankingHealthcare Financial ServicesConsumerBankingCorporate andReconcilingConsolidatedTotalGoodwill (1)$1,960,363 $285,670 $622,035 $— $2,868,068 Total assets43,010,580 488,194 12,932,260 22,594,039 79,025,073 At December 31, 2023(In thousands)CommercialBankingHealthcare Financial ServicesConsumerBankingCorporate andReconcilingConsolidatedTotalGoodwill (2)$1,951,945 $57,485 $622,035 $— $2,631,465 Total assets41,843,297 122,421 12,327,403 20,652,128 74,945,249 (1)The allocation of the purchase price for the Ametros acquisition was considered final at December 31, 2024