Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 216

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 216
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, in aggregate, $0.1 million of depreciation expense for Commercial Banking, $1.5 million for Healthcare Financial Services, and $2.4 million for Consumer Banking.(2)Other segment items for each reportable segment includes:•Commercial Banking--occupancy, marketing, outside professional services, loan workout expense, foreclosed property expense, other non-interest expense, allocated net operating costs, and allocated total support costs.•Healthcare Financial Services--occupancy, marketing, outside professional services, other non-interest expense, allocated net operating costs, and allocated total support costs.•Consumer Banking--outside professional services, loan workout expense, foreclosed property expense, other-non interest expense, allocated net operating costs, and allocated total support costs.(3)Intangible assets amortization, which is a component of other non-interest expense presented in Other segment items, was $2.7 million for Commercial Banking, $3.4 million for Healthcare Financial Services, and $1.8 million for Consumer Banking.

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 Three months ended June 30, 2024(In thousands)CommercialBankingHealthcare Financial ServicesConsumerBankingTotalsNet interest income$337,588 $91,664 $202,679 $631,931 Non-interest income34,510 27,465 24,392 86,367 Total segment revenues372,098 119,129 227,071 718,298 Reconciliation of revenue:Corporate and reconciling(103,703)Total consolidated revenues614,595 Less:Compensation and benefits49,904 22,915 36,526 Occupancy (1)— — 13,683 Technology and equipment (1)2,051 8,092 2,331 Marketing— — 1,714 Other segment items (1) (2) (3)52,633 20,260 61,651 Segment pre-tax, pre-provision net revenue267,510 67,862 111,166 446,538 Reconciliation of pre-tax, pre-provision net revenue:Corporate and reconciling(157,964)Total consolidated pre-tax, pre-provision net revenue288,574 Total consolidated provision for credit losses59,000 Total consolidated income before income taxes229,574 (1)Occupancy and Technology and equipment include, in aggregate, $0.1 million of depreciation expense for Commercial Banking, $1.3 million for