Webster Financial (US:WBS)2023-04-20 17:35Financial Performance - Reported net income available to common was $216.8 million[14], while adjusted net income available to common was $259.1 million[14] - Net interest income totaled $595.3 million, a decrease of $7.1 million or 1.2% from the prior quarter[27, 31] - Adjusted non-interest income decreased by $19.2 million quarter-over-quarter[33] - The efficiency ratio was 41.64%[27] Balance Sheet and Capital - Total loans increased by $1.2 billion or 2.3% from the prior quarter, reaching $50.927 billion[2, 16, 19] - Total deposits increased by $1.243 billion or 2.3% from the prior quarter, reaching $55.297 billion[2, 16, 23] - The loan-to-deposit ratio was 92.1%[16] - Common Equity Tier 1 (CET1) ratio was 10.40%[2, 16, 44] - Tangible book value per common share grew to $29.47[17] Deposits and Liquidity - Uninsured deposits as a percentage of total deposits were 23.4%[7] - Immediately available liquidity covered 118% of uninsured deposits[7] - interLINK added $2.9 billion of deposits[3, 23] Loan Portfolio - Office CRE (Commercial Real Estate) represented 2.8% of total loans, amounting to $1.4 billion, with a weighted average Loan-to-Value (LTV) of approximately 52%[10, 13]