Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 102

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 102
---
,585,101 $22,255,444 Variable rate:Commercial non-mortgage$3,794,768 $7,673,315 $1,571,286 $68,246 $13,107,615 Asset-based355,545 484,081 — — 839,626 Commercial real estate2,619,225 5,284,169 2,212,430 623,946 10,739,770 Multi-family431,289 1,026,268 626,295 3,173 2,087,025 Residential422 7,340 243,455 2,754,506 3,005,723 Home equity2,110 3,080 97,104 888,657 990,951 Other consumer5,293 23,094 1,682 — 30,069 Total variable rate loans and leases (1)$7,208,652 $14,501,347 $4,752,252 $4,338,528 $30,800,779 Total loans and leases (2)$9,041,075 $22,451,388 $9,640,131 $11,923,629 $53,056,223 

(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 March 31, 2025, there were 877 customer interest rate swap arrangements with a total notional amount of $7.3 billion to convert floating-rate loan payments to fixed-rate loan payments, and 45 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 $269.3 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 March 31, 2025, and December 31, 2024, commercial non-mortgage, commercial real estate, and multi-family loans comprised 74.7% and 75.1%, respectively, of