wbs-pf: the income statement

MyFinsight

WEBSTER FINANCIAL CORP (WBS-PF)

For the quarter ending 2025-06-30, WBS-PF made $1,095,244K in revenue. $251,695K in net income. Net profit margin of 22.98%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30
Income allocated to participating securities	2,991
Preferred stock dividends	4,162
Income tax expense	64,777
Deposit service fees	40,934
Other income	19,115
Cash surrender value of life insurance policies	9,172
Wealth and investment services	7,779
Gain (loss) on sale of investment securities, net	-
Loan and lease related fees	17,657
Total non-interest income	94,657
Professional and outside services	18,394
Other expense	32,796
Occupancy	19,337
Marketing	5,171
Compensation and benefits	199,930
Deposit insurance	15,061
Technology and equipment	45,932
Intangible assets amortization	9,093
Total non-interest expense	345,714
Provision for credit losses	46,500
Long-term debt	9,624
Federal home loan bank advances	29,825
Securities sold under agreements to repurchase and federal funds purchased	218
Deposits	339,738
Total interest expense	379,405
Other interest and dividends	27,611
Non-taxable interest on investment securities	7,166
Taxable interest on investment securities	190,600
Interest and fees on loans and leases	775,203
Loans held for sale	7
Total interest income	1,000,587
Net interest income	621,182
Net interest income after provision for credit losses	574,682
Income before income taxes	323,625
Net income	258,848
Net income applicable to common stockholders	251,695

Basic (in dollars per share)	1.52
Diluted (in dollars per share)	1.52
Weighted-average common shares outstanding - basic (in shares)	165,884,000
Weighted-average common shares outstanding - diluted (in shares)	166,131,000

Unit: Thousand (K) dollars (except for numbers of shares and EPS)