Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 99

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 99
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)2,463 (10,515)(39,063)7,082 (31,981)Brokered certificates of deposit(3,706)5,097 1,391 (11,306)(1,105)(12,411)Securities sold under agreements to repurchase589 4 593 2,203 77 2,280 Federal funds purchased— — — — (3,015)(3,015)FHLB advances(6,488)936 (5,552)(19,291)(3,941)(23,232)Long-term debt2,332 653 2,985 5,657 49 5,706 Total interest expense$(58,938)$41,393 $(17,545)$(165,910)$100,965 $(64,945)Net change in net interest income$13,008 $29,375 $42,383 $54,839 $78,169 $133,008 

(1)The change attributable to mix, a combined impact of rate and volume, and other is included with the change due to rate.

Comparison to Prior Year Quarter

Net interest income increased $41.8 million, or 7.1%, from $589.9 million for the three months ended September 30, 2024, to $631.7 million for the three months ended September 30, 2025, reflecting increases of $5.0 billion, or 7.1%, in average total interest-earning assets and $4.9 billion, or 7.4%, in average total deposits and interest-bearing liabilities. Net interest margin decreased 1 basis point from 3.41% for the three months ended September 30, 2024, to 3.40% for the three months ended September 30, 2025. The lower interest rate environment during the three months ended September 30, 2025, as compared to the three months ended September 30, 2024, primarily caused the average yield on average total interest-earning assets to decrease by 24 basis points and the average rate on average total deposits and interest-bearing liabilities to decrease by 28 basis points.

The change in average total interest-earnings assets was primarily attributed to the following items:

•Average loans and leases increased $2.6 billion, or 5.1%,