Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 98

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 98
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4)FTE adjustments on loans and leases and investment securities are determined assuming a statutory federal income tax rate of 21%. Items computed on an FTE basis are considered non-GAAP financial measures, and are used by management to evaluate the comparability of the Company’s revenue arising from both taxable and non-taxable sources.

(5)Effective as of the first quarter of 2025, the Company changed its methodology used to annualize net interest income in its quarterly and year to date net interest margin calculation. Net interest margin for the prior periods has been recast. There were no changes to the related yields/rates or net interest income that had been previously disclosed. 

The following table summarizes the change in net interest income attributable to changes in rate and volume, and reflects net interest income on an FTE basis:Three months ended September 30,Nine months ended September 30,2025 vs. 2024Increase (decrease) due to2025 vs. 2024Increase (decrease) due to(In thousands)Rate (1)VolumeTotalRate (1)VolumeTotalChange in interest on interest-earning assets:Loans and leases$(54,961)$41,447 $(13,514)$(162,757)$92,266 $(70,491)Investment securities14,185 10,011 24,196 69,936 32,525 102,461 FHLB and FRB stock286 60 346 (908)(67)(975)Interest bearing-deposits(4,627)19,849 15,222 (14,475)58,608 44,133 Loans held for sale(813)(599)(1,412)(2,867)(4,198)(7,065)Total interest income$(45,930)$70,768 $24,838 $(111,071)$179,134 $68,063 Change in interest on interest-bearing liabilities:Interest-bearing checking$(4,602)$3,747 $(855)$(10,884)$7,387 $(3,497)Health savings accounts408 221 629 716 711 1,427 Money market(34,800)26,906 (7,894)(102,691)88,977 (13,714)Savings307 1,366 1,673 8,749 4,743 13,492 Certificates of deposit(12,978