Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 76

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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 in aggregate, an insignificant amount of depreciation expense for Commercial Banking, $1.5 million for Healthcare Financial Services, and $2.3 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 $1.6 million for Commercial Banking, $3.6 million for Healthcare Financial Services, and $2.0 million for Consumer Banking.

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 Nine months ended September 30, 2025(In thousands)CommercialBankingHealthcare Financial ServicesConsumerBankingTotalsNet interest income$965,947 $294,027 $629,201 $1,889,175 Non-interest income93,488 85,381 75,704 254,573 Total segment revenues1,059,435 379,408 704,905 2,143,748 Reconciliation of revenue:Corporate and reconciling9,462 Total consolidated revenues2,153,210 Less:Compensation and benefits153,344 71,673 113,483 Occupancy (1)— — 41,796 Technology and equipment (1)6,889 24,096 8,867 Marketing— — 5,845 Other segment items (1) (2) (3)163,311 69,896 201,106 Segment pre-tax, pre-provision net revenue735,891 213,743 333,808 1,283,442 Reconciliation of pre-tax, pre-provision net revenue:Corporate and reconciling(176,259)Total consolidated pre-tax, pre-provision net revenue1,107,183 Total consolidated provision for credit losses168,000 Total consolidated income before income taxes939,183 (1)Occupancy and Technology and equipment include, in aggregate, $0.4 million of depreciation expense for Commercial Banking,