Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 126

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 126
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1)Net Charge-offs (Recoveries)Average Balance% (1)Commercial non-mortgage$40,015$18,223,2960.44 %$43,650$16,835,7860.52 %Asset-based15,5871,384,5972.25 5,0481,498,3950.67 Commercial real estate33,72414,438,1040.47 11,54013,910,5790.17 Multi-family2476,881,9520.01 7,3457,884,5860.19 Equipment financing1,5931,213,7000.26 3,3211,279,7430.52 Residential(840)9,107,684(0.02)(342)8,238,774(0.01)Home equity(788)1,400,813(0.11)(1,849)1,486,576(0.25)Other consumer1,820274,9661.32 1,90452,1697.30 Total $91,358$52,925,1120.35 %$70,617$51,186,6080.28 %

(1)Percentage represents annualized net charge-offs (recoveries) to average loans and leases within the comparable category.

Comparison to Prior Year Quarter

Net charge-offs increased $3.3 million, or 9.9%, to $36.4 million for the three months ended June 30, 2025, as compared to $33.1 million for the three months ended June 30, 2024, primarily due to increased net-charge offs in the commercial real estate and equipment financing categories, partially offset by decreased net charge-offs in the multi-family category.

Comparison to Prior Year to Date

Net charge-offs increased $20.8 million, or 29.4%, to $91.4 million for the six months ended June 30, 2025, as compared to $70.6 million for the six months ended June 30, 2024, primarily due to increased net charge-offs in the commercial real estate and asset-based categories, partially offset by decreased net charge-offs in the multi-family and commercial non-mortgage categories.

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Liquidity and Capital Resources

The Company manages its cash flow requirements through proactive liquidity measures at both the Holding Company and the Bank. In