Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 50

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 50
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,340 Consumer portfolio20,980 9,597 — 29,391 59,968 9,736,250 9,796,218 Total$33,873 $12,835 $278 $208,525 $255,511 $50,470,541 $50,726,052 The following table provides additional information on non-accrual loans and leases:At December 31,20242023(In thousands)Non-accrualNon-accrual With No AllowanceNon-accrualNon-accrual With No AllowanceCommercial non-mortgage$248,078 $50,943 $122,855 $20,066 Asset-based20,787 1,080 35,068 1,330 Commercial real estate120,151 26,666 11,383 2,681 Multi-family18,043 17,953 — — Equipment financing19,367 1,809 9,828 1,584 Commercial portfolio426,426 98,451 179,134 25,661 Residential12,750 6,923 5,704 856 Home equity21,425 12,225 23,545 12,471 Other consumer124 3 142 49 Consumer portfolio34,299 19,151 29,391 13,376 Total $460,725 $117,602 $208,525 $39,037 Additional interest income on non-accrual loans and leases that would have been recognized in the Consolidated Statements of Income had the loans and leases been current in accordance with their contractual terms was $45.4 million, $22.9 million, and $16.9 million for the years ended December 31, 2024, 2023, and 2022, respectively.Allowance for Credit Losses on Loans and LeasesThe following tables summarize the change in the ACL on loans and leases by portfolio segment: At or for the Years ended December 31,202420232022(In thousands)Commercial PortfolioConsumer PortfolioTotalCommercial PortfolioConsumer PortfolioTotalCommercial PortfolioConsumer PortfolioTotalACL on loans and leases:Balance, beginning of period$577,663 $58,074 $635,737 $533,125 $61,616 $594,741 $257,877 $43