Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 130

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 130
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)9,211,754(0.01)(815)8,289,757(0.01)Home equity(1,177)1,394,396(0.11)(2,648)1,474,676(0.24)Other consumer3,486291,9281.59 2,61760,2035.80 Total $129,712$53,413,0310.32 %$106,043$51,376,5130.28 %

(1)Percentage represents annualized net charge-offs (recoveries) to average loans and leases within the comparable category.

Comparison to Prior Year Quarter

Net charge-offs increased $3.0 million, or 8.3%, to $38.4 million for the three months ended September 30, 2025, as compared to $35.4 million for the three months ended September 30, 2024, primarily due to increases in asset-based and commercial non-mortgage, partially offset by decreases in commercial real estate and multi-family.

Comparison to Prior Year to Date

Net charge-offs increased $23.7 million, or 22.3%, to $129.7 million for the nine months ended September 30, 2025, as compared to $106.0 million for the nine months ended September 30, 2024, primarily due to increases in asset-based,  commercial real estate, and commercial non-mortgage, partially offset by a decrease in multi-family.

23

Liquidity and Capital Resources

The Company manages its cash flow requirements through proactive liquidity measures at both the Holding Company and the Bank. In order to maintain stable, cost-effective funding, and to promote overall balance sheet strength, the liquidity position of the Company is continuously monitored, and adjustments are made to balance sources and uses of funds, as appropriate. At September 30, 2025, management is not aware of any events that are reasonably likely to have a material adverse effect on the Company’s liquidity position, capital resources, or operating activities.

Cash inflows are provided through a variety of sources, including principal and interest payments on loans and investments, unpledged securities that can be sold or utilized to secure funding, and new deposits. The Company is committed to maintaining a strong base of core deposits, which consists of demand, health savings, interest-bearing checking, money market, and savings accounts, to support growth in its loan portfolios. Management actively monitors the interest rate environment