Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 156

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 156
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,738 Net increase in Federal Home Loan Bank advances450,709 750,187 Net (decrease) in securities sold under agreements to repurchase and federal funds purchased(242,451)(358,155)Repayment of long-term debt— (132,550)Proceeds from the issuance of long-term debt347,389 — Debt issuance costs(1,636)— Payment of contingent consideration(11,447)(4,050)Dividends paid to common stockholders(202,312)(206,707)Dividends paid to preferred stockholders(12,487)(12,487)Exercise of stock options67 — Common stock repurchase program(389,388)(65,402)Common shares acquired related to stock compensation plan activity(22,597)(16,869)Net cash provided by financing activities3,335,835 3,701,705 Net increase in cash and cash equivalents988,047 1,481,756 Cash and cash equivalents, beginning of period2,074,434 1,715,795 Cash and cash equivalents, end of period$3,062,481 $3,197,551 

See accompanying Notes to Condensed Consolidated Financial Statements.

38

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Note 1: Basis of Presentation and Accounting Standards Updates

Basis of PresentationThe unaudited Condensed Consolidated Financial Statements of the Company have been prepared in accordance with GAAP for interim financial information and Article 10 of Regulation S-X. Certain information and footnote disclosures required by GAAP for complete financial statements have been omitted or condensed. Therefore, the Condensed Consolidated Financial Statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. The Company’s financial condition, results of operations, and cash flows, for the three and nine months ended September 30, 2025, as compared to 2024, are not necessarily indicative of the future results that may be attained for the entire year or other interim periods.In the opinion of management, all necessary adjustments have been reflected to present fairly the financial position, results of operations, and cash flows for the reporting periods presented. Intercompany transactions and balances have been eliminated in consolidation. Assets under administration or assets under management that the Company holds or manages