Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 117

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 117
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310 234,108 2,917,894 3,159,812 Home equity1,931 3,409 92,434 891,023 988,797 Other consumer5,157 22,503 1,673 — 29,333 Total variable rate loans and leases (1)$6,753,650 $14,868,134 $5,162,798 $4,457,687 $31,242,269 Total loans and leases (2)$8,733,329 $22,835,021 $10,058,491 $12,045,118 $53,671,959 

(1)The Company has a back-to-back swap program, whereby it enters into an interest rate swap with qualified customers and simultaneously enters into an equal and opposite interest-rate swap with a swap counterparty, to hedge interest rate risk. At June 30, 2025, there were 879 customer interest rate swap arrangements with a total notional amount of $7.4 billion to convert floating-rate loan payments to fixed-rate loan payments, and 46 customer interest rate cap arrangements with a total notional amount of $1.5 billion limiting how high interest rates can rise on variable-rate loans in a rising interest rate environment.

(2)Amounts due exclude total accrued interest receivable of $268.8 million.

Portfolio Concentrations

The Company actively monitors and manages concentrations of credit risk pertaining to specific industries, geographies, property types, and other characteristics that may exist in its loan and lease portfolio. At June 30, 2025, and December 31, 2024, commercial non-mortgage, commercial real estate, and multi-family loans comprised 74.7% and 75.1%, respectively, of the Company’s loan and lease portfolio, with a large portion of the borrowers or properties associated with these loans geographically concentrated in New York City and the proximate areas.

18

The following table summarizes the percentage composition of commercial non-mortgage loans by industry, as determined using NAICS codes, which are used by the Company to categorize loans based on the borrower’s type of business:

Industry:June 30, 2025December 31, 2024Finance27.4 %25.7 %Services16.4 16.1 Public Administration16.2 15.8 Communications7.6 7.7