Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 225

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 225
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 interest income$1,017,954 $271,742 $610,578 $1,900,274 Non-interest income102,078 85,067 86,669 273,814 Total segment revenues1,120,032 356,809 697,247 2,174,088 Reconciliation of revenue:Corporate and reconciling (1)(244,777)Total consolidated revenues1,929,311 Less:Compensation and benefits149,828 66,986 109,597 Occupancy (2)— — 42,141 Technology and equipment (2)6,067 24,485 7,749 Marketing— — 5,387 Other segment items (2) (3) (4)155,810 65,946 187,405 Segment pre-tax, pre-provision net revenue808,327 199,392 344,968 1,352,687 Reconciliation of pre-tax, pre-provision net revenue:Corporate and reconciling(434,278)Total consolidated pre-tax, pre-provision net revenue918,409 Total consolidated provision for credit losses158,500 Total consolidated income before income taxes759,909 (1)The negative revenue amount for the Corporate and Reconciling Category primarily reflects the impact on net interest income for estimates for FTP and allocations of equity capital, the $79.3 million net loss on sale of investment securities, and the $16.0 million net loss on sale of the factored receivables portfolio, partially offset by bank-owned life insurance income.(2)Occupancy and Technology and equipment include, in aggregate, $0.2 million of depreciation expense for Commercial Banking, $4.1 million for Healthcare Financial Services, and $7.0 million for Consumer Banking.(3)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.(4)Intangible assets amortization, which is a component of other non-interest expense presented