Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 109

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 109
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 a multi-family securitization event in 2024. The $11.8 million increase in non-interest expense is primarily due to increased investments in human capital, operational process improvements, technology, and higher foreclosed property and loan workout expenses.

Selected Balance Sheet and Off-Balance Sheet Information:(In thousands)September 30,2025December 31,2024Loans and leases$42,361,058 $40,616,156 Deposits18,260,847 16,251,850 Assets under administration / management (off-balance sheet)2,812,602 2,965,624 

Loans and leases increased $1.7 billion, or 4.3%, at September 30, 2025, as compared to December 31, 2024, primarily due to growth across middle market, lender finance, and public sector finance, partially offset by the transfer of loans from portfolio to held for sale, particularly as it relates to joint venture activities in the second quarter of 2025. Total portfolio originations for the nine months ended September 30, 2025, and 2024, were $8.9 billion and $6.9 billion, respectively. The $2.0 billion increase was primarily due to increased commercial real estate origination activities and higher lender finance originations.

Deposits increased $2.0 billion, or 12.4%, at September 30, 2025, as compared to December 31, 2024, primarily due to seasonal inflows of public funds and growth in middle market.

Assets under administration and assets under management, in aggregate, decreased $153.0 million, or 5.2%, at September 30, 2025, as compared to December 31, 2024, primarily due to volatility in the equity markets during the nine months ended September 30, 2025, and customer investment outflows.

12

Healthcare Financial Services

Operating Results:Three months ended September 30,Nine months ended September 30,(In thousands)2025202420252024Net interest income$100,041 $93,940 $294,027 $271,742 Non-interest income27,304 26,541 85,381 85,067 Non-interest expense54,492 54,023 165,665 157,417 Pre-tax, pre-provision