Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 2

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 11,769 51,497 23,907 Total interest income1,000,587 976,286 1,974,074 1,928,136 Interest Expense:Deposits339,738 361,263 666,121 697,234 Securities sold under agreements to repurchase and federal funds purchased218 1,114 1,894 3,222 Federal Home Loan Bank advances29,825 33,727 53,414 71,094 Long-term debt9,624 7,885 19,271 16,550 Total interest expense379,405 403,989 740,700 788,100 Net interest income621,182 572,297 1,233,374 1,140,036 Provision for credit losses46,500 59,000 124,000 104,500 Net interest income after provision for credit losses574,682 513,297 1,109,374 1,035,536 Non-interest Income:Deposit service fees40,934 41,027 79,829 83,616 Loan and lease related fees17,657 19,334 35,278 39,101 Wealth and investment services7,779 8,556 15,568 16,480 Cash surrender value of life insurance policies9,172 6,359 17,164 12,305 Gain (loss) on sale of investment securities, net — (49,915)220 (59,741)Other income19,115 16,937 39,204 49,890 Total non-interest income94,657 42,298 187,263 141,651 Non-interest Expense:Compensation and benefits199,930 186,850 398,575 375,390 Occupancy19,337 15,103 39,054 34,542 Technology and equipment45,932 45,303 93,651 91,139 Intangible assets amortization9,093 8,716 18,330 17,910 Marketing5,171 4,107 9,198 8,388 Professional and outside services18,394 14,066 35,620 27,047 Deposit insurance15,061 15,065 31,406 39,288 Other expense32,796 36