Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 93

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 93
---
,127 Pre-tax, pre-provision net revenue$70,031 $65,072 

Healthcare Financial Services’ PPNR increased $5.0 million, or 7.6%, for the three months ended March 31, 2025, as compared to the three months ended March 31, 2024, due to an increase in net interest income, partially offset by a decrease in non-interest income and an increase in non-interest expense. The $10.2 million increase in net interest income is primarily due to higher deposit balances, partially offset by lower deposit spreads. The $1.7 million decrease in non-interest income is primarily due to lower deposit service fees and higher revenue share costs, partially offset by an increase in other income from Ametros. The $3.6 million increase in non-interest expense is primarily due to higher compensation and benefits and technology costs.

Selected Balance Sheet and Off-Balance Sheet Information:(In thousands)March 31,2025December 31,2024Deposits$10,245,003 $9,966,773 Assets under administration, through linked investment accounts (off-balance sheet)5,108,311 5,321,736 

Deposits increased $0.3 billion, or 2.8%, at March 31, 2025, as compared to December 31, 2024, primarily due to additional HSA Bank and Ametros account holders in the first quarter of 2025.

Assets under administration, through linked investment accounts, decreased $0.2 billion, or 4.0%, at March 31, 2025, as compared to December 31, 2024, primarily due to a decrease in investment account balances as a result of lower valuations in the equity markets, partially offset by additional HSA Bank account holders during the first quarter of 2025.

10

Consumer Banking

Operating Results:Three months ended March 31,(In thousands)20252024Net interest income$202,064 $205,777 Non-interest income26,204 33,978 Non-interest expense122,656 120,121 Pre-tax, pre-provision net revenue$105,612 $119,634 

Consumer Banking’s PPNR decreased $14.0 million, or 11.7%, for the three months ended March 31, 2025, as compared to the three months ended March 31, 2024,