Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 126

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 126
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 net operating costs, and allocated total support costs.(3)Intangible assets amortization, which is a component of other non-interest expense presented in other segment items, was $16.0 million for Commercial Banking, $4.7 million for Healthcare Financial Services, and $9.7 million for Consumer Banking.

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Year ended December 31, 2022(In thousands)CommercialBankingHealthcare Financial ServicesConsumerBanking TotalsNet interest income$1,252,306 $218,149 $814,867 $2,285,322 Non-interest income164,044 104,586 127,084 395,714 Total segment revenues1,416,350 322,735 941,951 2,681,036 Reconciliation of revenue:Corporate and reconciling(205,967)Total consolidated revenues2,475,069 Less:Compensation and benefits156,818 73,764 134,284 Occupancy (1)— — 55,393 Technology and equipment (1)6,928 23,463 8,052 Marketing— — 3,916 Other segment items (2) (3)199,097 54,102 259,745 Segment pre-tax, pre-provision net revenue1,053,507 171,406 480,561 1,705,474 Reconciliation of pre-tax, pre-provision net revenue:Corporate and reconciling(626,878)Total consolidated pre-tax, pre-provision net revenue1,078,596 Total consolidated provision for credit losses280,619 Total consolidated income before income taxes797,977 (1)Occupancy and Technology and equipment include, in aggregate, depreciation expense of $0.5 million for Commercial Banking, $2.9 million for Healthcare Financial Services, and $7.4 million for Consumer Banking.(2)Other segment items for each reportable segment includes:•Commercial Banking--occupancy, marketing, outside professional services, loan workout expense, foreclosed property expense, other non-interest expense, allocated net operating costs, and allocated total support costs.•Healthcare Financial Services--occupancy, marketing, outside professional services, other non-interest expense, allocated net operating costs, and allocated total support costs.•Consumer Banking--outside professional services, loan workout expense, foreclosed property expense, other-non interest expense, allocated net operating costs, and allocated total support costs.(3)