Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 64

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 64
---
 $622,035 $— $2,868,068 Total assets43,207,484 481,222 13,296,178 23,294,866 80,279,750 December 31, 2024(In thousands)Commercial BankingHealthcare Financial ServicesConsumer BankingCorporate and ReconcilingConsolidated TotalGoodwill (1)$1,960,363 $285,670 $622,035 $— $2,868,068 Total assets43,010,580 488,194 12,932,260 22,594,039 79,025,073 (1)The allocation of the purchase price and goodwill calculation for the Ametros acquisition was considered final at December 31, 2024. The $228.2 million of goodwill recorded related to Ametros was allocated entirely to Healthcare Financial Services.

70

The following tables present certain income statement information for the Company’s reportable segments: Three months ended March 31, 2025(In thousands)CommercialBankingHealthcare Financial ServicesConsumerBankingTotalsNet interest income$319,123 $96,361 $202,064 $617,548 Non-interest income28,958 29,390 26,204 84,552 Total segment revenues348,081 125,751 228,268 702,100 Reconciliation of revenue:Corporate and reconciling2,698 Total consolidated revenues704,798 Less:Compensation and benefits52,109 23,337 37,284 Occupancy (1)— — 14,348 Technology and equipment (1)2,111 8,764 3,049 Marketing— — 1,982 Other segment items (1) (2) (3)52,362 23,619 65,993 Segment pre-tax, pre-provision net revenue241,499 70,031 105,612 417,142 Reconciliation of pre-tax, pre-provision net revenue:Corporate and reconciling(55,988)Total consolidated pre-tax, pre-provision net revenue361,154 Total consolidated provision for credit losses77,500 Total consolidated income before income taxes283,654 (1)Occupancy and Technology and equipment include, in aggregate, an insignificant amount of depreciation expense for Commercial Banking, $1.5 million for Healthcare Financial Services, and $2.5 million