Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 74

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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063 465,531 1,414,821 Reconciliation of revenue:Corporate and reconciling5,816 Total consolidated revenues1,420,637 Less:Compensation and benefits102,916 47,508 74,569 Occupancy (1)— — 28,183 Technology and equipment (1)4,447 16,288 5,966 Marketing— — 4,025 Other segment items (1) (2) (3)107,591 47,377 132,957 Segment pre-tax, pre-provision net revenue482,273 140,890 219,831 842,994 Reconciliation of pre-tax, pre-provision net revenue:Corporate and reconciling(111,715)Total consolidated pre-tax, pre-provision net revenue731,279 Total consolidated provision for credit losses124,000 Total consolidated income before income taxes607,279 (1)Occupancy and Technology and equipment include, in aggregate, $0.1 million of depreciation expense for Commercial Banking, $2.9 million for Healthcare Financial Services, and $5.0 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 $5.5 million for Commercial Banking, $6.9 million for Healthcare Financial Services, and $3.6 million for Consumer Banking.

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Six months ended June 30, 2024(In thousands)CommercialBankingHealthcare Financial ServicesConsumerBankingTotalsNet interest income$679,530 $177,802 $408,456 $1,265,788 Non-interest income68,790 58,526 58,370 185,686 Total segment revenues748,320 236,328 466,826 1,451,474 Reconciliation of revenue:Corporate and reconc