Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 96

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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1,078)(1,078)— (3,015)(3,015)FHLB advances(6,962)3,060 (3,902)(12,765)(4,915)(17,680)Long-term debt1,755 (16)1,739 3,342 (621)2,721 Total interest expense$(58,576)$33,992 $(24,584)$(106,734)$59,334 $(47,400)Net change in net interest income$26,870 $21,570 $48,440 $42,767 $47,858 $90,625 

(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 $48.9 million, or 8.5%, from $572.3 million for the three months ended June 30, 2024, to $621.2 million for the three months ended June 30, 2025. Net interest margin increased 5 basis points from 3.39% for the three months ended June 30, 2024, to 3.44% for the three months ended June 30, 2025, reflecting increases of $4.4 billion, or 6.4%, in average total interest-earning assets and $4.4 billion, or 6.7%, in average total deposits and interest-bearing liabilities. The lower interest rate environment during the three months ended June 30, 2025, as compared to the three months ended June 30, 2024, primarily caused the average yield on average total interest-earning assets to decrease by 21 basis points and the average rate on average total deposits and interest-bearing liabilities to decrease by 31 basis points.

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

•Average loans and leases increased $1.8 billion, or 3.6%, primarily due to increases in average commercial non-mortgage and average residential mortgages, partially offset by a decrease in average multi-family mortgages.

•Average total investment securities increased $1.1 billion, or 6.7%, reflecting an increase of $1.1 billion in average available-for-sale securities and an immaterial increase in average held-to-maturity securities, primarily due