Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 78

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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 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 in Other segment items, was $6.3 million for Commercial Banking, $9.8 million for Healthcare Financial Services, and $6.4 million for Consumer Banking.

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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 September 30, 2025(In thousands)Commercial BankingHealthcare Financial ServicesConsumer BankingCorporate andReconcilingConsolidatedTotalNon-interest Income:Deposit service fees$4,535 $18,785 $16,420 $(164)$39,576 Loan and lease related fees (1)2,523 — — — 2,523 Wealth and investment services3,115 — 4,530 (5)7,640 Other (2)— 8,425 417 484 9,326 Revenue from contracts with customers10,173 27,210 21,367 315 59,065 Other sources of non-interest income23,729 94 3,542 14,476 41,841 Total non-interest income$33,902 $27,304