Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 110

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 110
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 Non-performing assets as a percentage of total assets 0.70 %0.58 %ACL on loans and leases$713,321 $689,566 Non-performing loans and leases (1) (2)564,398 461,326 ACL on loans and leases as a percentage of non-performing loans and leases126.39 %149.47 %ACL on loans and leases$713,321 $689,566 Total loans and leases53,056,223 52,505,168 ACL on loans and leases as a percentage of total loans and leases1.34 %1.31 %ACL on loans and leases$713,321$689,566Net charge-offs (annualized)219,828166,914Ratio of ACL on loans and leases to net charge-offs (annualized)3.24x4.13x

(1)Non-performing asset balances and related asset quality ratios exclude the impact of net unamortized (discounts)/premiums and net unamortized deferred (fees)/costs on loans and leases.

(2)The increase from December 31, 2024, to March 31, 2025, is primarily due to non-performing commercial real estate, asset-based, and commercial non-mortgage loans.

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The following table summarizes net charge-offs (recoveries) as a percentage of average loans and leases for each category:Three months ended March 31,20252024(Dollars in thousands)Net Charge-offs (Recoveries)Average Balance% (1)Net Charge-offs (Recoveries)Average Balance% (1)Commercial non-mortgage$27,383$17,954,3420.61 %$31,333$16,941,5460.74 %Asset-based9,7681,409,1772.77 —1,523,616— Commercial real estate17,23114,438,2590.48 2,11213,719,1960.06 Multi-family1756,899,8880.01 1,1287,684,5690.06 Equipment financing671,213,2540.02 3,3351,293,8561.03 Residential(33)8,985,033— (72)8,225,151— Home equity(285)1,410,475(0.08)(