Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 261

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 261
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818,328 3.34 %$16,175,099 4.34 %$17,450,962 4.28 %

(1)Weighted-average yields exclude FTE adjustments and hedge adjustments, and are calculated on a pre-tax basis using the current yield inclusive of premium amortization and discount accretion for each security, major type, and maturity bucket.

(2)Available-for-sale securities are presented at fair value and held-to-maturity securities are presented at amortized cost before any allowance for credit losses.

Additional information regarding the Company’s investment securities’ portfolios can be found within Note 3: Investment Securities in the Notes to Consolidated Financial Statements contained in Part II - Item 8. Financial Statements and Supplementary Data.

47

Loans and Leases

The following table summarizes the amortized cost and percentage composition of the Company’s loans and leases:At December 31, 20242023(In thousands)Amount%Amount%Commercial non-mortgage$18,037,942 34.4 %$16,885,475 33.3 %Asset-based1,404,007 2.7 1,557,841 3.1 Commercial real estate14,492,436 27.6 13,569,762 26.7 Multi-family6,898,600 13.1 7,587,970 15.0 Equipment financing1,235,016 2.3 1,328,786 2.6 Residential8,853,669 16.9 8,227,923 16.2 Home equity1,427,692 2.7 1,516,955 3.0 Other consumer155,806 0.3 51,340 0.1 Total loans and leases (1)$52,505,168 100.0 %$50,726,052 100.0 %

(1)The amortized cost balances at December 31, 2024, and 2023, exclude the ACL recorded on loans and leases of $689.6 million and $635.7 million, respectively.

The following table summarizes loans and leases by contractual maturity, along with the indication of whether interest rates are fixed or variable:At December 31, 2024(In thousands)1 Year or Less1 - 5 Years5 - 15 YearsAfter 15 YearsTotalFixed rate:Commercial