Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 135

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 135
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’s Consumer and Digital Pricing Committee and its Commercial and Institutional Liability and Loan Pricing Committee both meet regularly to determine pricing and marketing initiatives. In addition, the Bank may use brokered certificates of deposit as a funding source, which are managed based on established limits set by the ALCO.

Total deposits were $68.2 billion and $64.8 billion at September 30, 2025, and December 31, 2024, respectively. The $3.4 billion net increase in total deposits was primarily due to an increase in money market deposits, particularly from interSYNC, which contributed to $1.9 billion of the change. The Company also experienced increases across all other deposit categories except for brokered certificates of deposit, which decreased primarily due to a change in short-term funding mix.

The following table summarizes daily average balances of deposits by type and the weighted-average rates paid thereon:Three months ended September 30,20252024(Dollars in thousands)AverageBalanceAverage RateAverageBalanceAverage RateNon-interest-bearing:Demand$10,141,954 — %$10,243,045 — %Interest-bearing:Checking10,502,974 1.79 9,744,885 1.96 Health savings accounts9,127,705 0.17 8,546,941 0.15 Money market22,513,065 3.54 19,945,165 4.17 Savings7,233,339 1.69 6,909,526 1.69 Certificates of deposit6,120,864 3.49 5,895,329 4.34 Brokered certificates of deposit1,679,127 4.39 1,294,764 5.28 Total interest-bearing57,177,074 2.47 52,336,610 2.82 Total average deposits$67,319,028 2.10 %$62,579,655 2.36 %Nine months ended September 30,20252024(Dollars in thousands)AverageBalanceAverage RateAverageBalanceAverage RateNon-interest-bearing:Demand$10,178,346 — %$10,327,076 — %Interest-bearing:Checking9,997,950 1.75 9,475,927 1.89 Health savings accounts9,190,317 0.16