Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 235

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 235
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646,866 $5,571,417 $5,058,761 Total assets$79,025,073 $74,945,249 $71,277,521 Less: Goodwill and other intangible assets3,202,369 2,834,600 2,713,446 Tangible assets$75,822,704 $72,110,649 $68,564,075 Tangible common equity ratio7.45 %7.73 %7.38 %Common stockholders’ equity to total assets (GAAP)11.20 %11.22 %10.90 %

For the years ended December 31,(In thousands)202420232022Return on average tangible common stockholders’ equity:Net income$768,707 $867,840 $644,283 Less: Preferred stock dividends16,650 16,650 15,919 Add: Intangible assets amortization, tax-affected28,505 28,604 25,233 Net income adjusted for preferred stock dividends and intangible assets amortization$780,562 $879,794 $653,597 Average stockholders’ equity$8,919,675 $8,323,955 $7,721,488 Less: Average preferred stock283,979 283,979 272,179     Average goodwill and other intangible assets3,195,988 2,848,114 2,548,254  Average tangible common stockholders’ equity$5,439,708 $5,191,862 $4,901,055 Return on average tangible common stockholders’ equity14.35 %16.95 %13.34 %Return on average common stockholders’ equity (GAAP)8.71 %10.59 %8.44 %

33

For the years ended December 31,(In thousands)202420232022Efficiency ratio:Non-interest expense$1,351,279 $1,416,355 $1,396,473 Less:  Foreclosed property activity(1,413)(1,282)(906)  Intangible assets amortization36,082 36,207 31,940   Operating lease depreciation1,541 5,569 8,193   Merger-related expenses (1)3,139 162,517