Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 271

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 271
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%Commercial non-mortgage$88,525$17,071,748 0.52 %$13,531$16,900,423 0.08 %$44,250$13,625,382 0.32 %Asset-based6,0901,474,703 0.41 17,0881,699,064 1.01 4,4731,746,888 0.26 Commercial real estate39,77614,222,437 0.28 62,20813,397,036 0.46 20,47111,299,259 0.18 Multi-family22,7617,622,410 0.30 3,4477,072,507 0.05 1,2986,025,702 0.02 Equipment financing10,2391,258,733 0.81 4,9491,509,948 0.33 9311,660,935 0.06 Warehouse lending—— — —316,729 — —537,430 — Residential(953)8,403,098 (0.01)3,6018,126,878 0.04 (1,377)7,112,890 (0.02)Home equity(2,890)1,464,894 (0.20)(123)1,560,707 (0.01)(4,201)1,663,198 (0.25)Other consumer3,36679,420 4.24 3,38554,277 6.24 1,44379,428 1.82 Total $166,914$51,597,443 0.32 %$108,086$50,637,569 0.21 %$67,288$43,751,112 0.15 %

Net charge-offs increased $58.8 million, or 54.4%, to $166.9 million for the year ended December 31, 2024, as compared to $108.1 million for the year ended December 31, 2023, primarily due to increases in net charge-offs in the commercial non-mortgage, multi-family, and equipment finance categories, partially offset by decreases in net charge-offs in the commercial real estate and asset-based lending categories.

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