Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 193

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 193
---
331,169 Total consolidated provision for credit losses45,500 Total consolidated income before income taxes285,669 (1)Occupancy and Technology and equipment include, in aggregate, an insignificant amount of depreciation expense for Commercial Banking, $1.3 million for Healthcare Financial Services, and $2.3 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)Intangible assets amortization, which is a component of other non-interest expense presented in other segment items, was $3.0 million for Commercial Banking, $2.6 million for Healthcare Financial Services, and $2.2 million for Consumer Banking.

72

Note 16: Revenue from Contracts with Customers

The following tables summarize revenues recognized in accordance with ASC Topic 606, Revenue from Contracts with Customers. These disaggregated amounts, together with sources of other non-interest income that are subject to other GAAP topics, have been reconciled to non-interest income by reportable segment as presented within Note 15: Segment Reporting.Three months ended March 31, 2025(In thousands)Commercial BankingHealthcare Financial ServicesConsumer BankingCorporate andReconcilingConsolidatedTotalNon-interest Income:Deposit service fees$4,739 $19,069 $15,294 $(207)$38,895 Loan and lease related fees (1)2,225 — — — 2,225 Wealth and investment services3,316 — 4,478 (5)7,789 Other (2)— 10,300 417 1,152 11,869 Revenue from contracts with customers10,280 29,369 20,189 940 60,778 Other sources of non-interest income18,678 21 6,015 7,114 31,828 Total non-interest income$28,958 $29,390 $26,204 $8,054 $92,606