Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 192

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 192
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-tax, pre-provision net revenue:Corporate and reconciling(55,988)Total consolidated pre-tax, pre-provision net revenue361,154 Total consolidated provision for credit losses77,500 Total consolidated income before income taxes283,654 (1)Occupancy and Technology and equipment include, in aggregate, an insignificant amount of depreciation expense for Commercial Banking, $1.5 million for Healthcare Financial Services, and $2.5 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 $2.8 million for Commercial Banking, $3.5 million for Healthcare Financial Services, and $1.8 million for Consumer Banking.

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 Three months ended March 31, 2024(In thousands)CommercialBankingHealthcare Financial ServicesConsumerBankingTotalsNet interest income$341,942 $86,138 $205,777 $633,857 Non-interest income34,280 31,061 33,978 99,319 Total segment revenues376,222 117,199 239,755 733,176 Reconciliation of revenue:Corporate and reconciling(66,084)Total consolidated revenues667,092 Less:Compensation and benefits50,758 21,362 36,895 Occupancy (1)— — 14,538 Technology and equipment (1)1,958 8,006 2,428 Marketing— — 1,847 Other segment items (1) (2) (3)53,509 22,759 64,413 Segment pre-tax, pre-provision net revenue269,997 65,072 119,634 454,703 Reconciliation of pre-tax, pre-provision net revenue:Corporate and reconciling(123,534)Total consolidated pre-tax, pre-provision net revenue