Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 102

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 102
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.0%, from $186.9 million for the three months ended June 30, 2024, to $199.9 million for the three months ended June 30, 2025, primarily due to higher compensation resulting from investments in human capital and risk management infrastructure and performance-based incentives.

Occupancy increased $4.2 million, or 28.0%, from $15.1 million for the three months ended June 30, 2024, to $19.3 million for the three months ended June 30, 2025, primarily due to a one-time lease termination benefit in the second quarter of 2024.

Professional and outside services increased $4.3 million, or 30.8%, from $14.1 million for the three months ended June 30, 2024, to $18.4 million for the three months ended June 30, 2025, primarily due to an increase in technology consulting fees.

Other expense decreased $4.0 million, or 10.9%, from $36.8 million for the three months ended June 30, 2024, to $32.8 million for the three months ended June 30, 2025, primarily due to individually immaterial decreases in various other expense items. 

Comparison to Prior Year to Date 

Total non-interest expense increased $27.4 million, or 4.1%, from $661.9 million for the six months ended June 30, 2024, to $689.4 million for the six months ended June 30, 2025, primarily due to increases in Compensation and benefits, Professional and outside services, and Occupancy, partially offset by decreases in Deposit insurance and Other expense.

Compensation and benefits increased $23.2 million, or 6.2%, from $375.4 million for the six months ended June 30, 2024, to $398.6 million for the six months ended June 30, 2025, primarily due to higher compensation resulting from investments in human capital and risk management infrastructure, performance-based incentives, and employee benefits.

Occupancy increased $4.5 million, or 13.1%, from $34.5 million for the six months ended June 30, 2024, to $39.1 million for the six months ended June 30, 2025, primarily due to a one-time