Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 106

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 106
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, partially offset by decreased originations in commercial real estate.

Deposits remained relatively flat at approximately $16.2 billion at June 30, 2025, and December 31, 2024, as the impact from growth in commercial deposit accounts was offset by seasonal net outflows in public sector deposits.

Assets under administration and assets under management, in aggregate, increased $104.5 million, or 3.5%, at June 30, 2025, as compared to December 31, 2024, primarily due to growth in investment accounts and volatility in the equity markets during the six months ended June 30, 2025.

12

Healthcare Financial Services

Operating Results:Three months ended June 30,Six months ended June 30,(In thousands)2025202420252024Net interest income$97,625 $91,664 $193,986 $177,802 Non-interest income28,687 27,465 58,077 58,526 Non-interest expense55,453 51,267 111,173 103,394 Pre-tax, pre-provision net revenue$70,859 $67,862 $140,890 $132,934 

Comparison to Prior Year Quarter 

Healthcare Financial Services’ PPNR increased $3.0 million, or 4.4%, for the three months ended June 30, 2025, as compared to the three months ended June 30, 2024, due to increases in net interest income and non-interest income, partially offset by an increase in non-interest expense. The $6.0 million increase in net interest income is primarily due to higher deposit balances, partially offset by lower deposit spreads. The $1.2 million increase in non-interest income is primarily due to higher interchange fees and medical fees. The $4.2 million increase in non-interest expense is primarily due to higher compensation and benefits costs and a one-time lease termination benefit in the second quarter of 2024.

Comparison to Prior Year to Date 

Healthcare Financial Services’ PPNR increased $8.0 million, or 6.0%, for the six months ended June 30, 2025, as compared to the six months ended June 30, 2024, due to an increase in net interest income, partially offset by a decrease in non-interest income and an increase in non-interest expense. The $16.