Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 93

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 93
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0 3,788,988 5.0 At December 31, 2023Actual (1)Minimum RequirementWell Capitalized(In thousands)AmountRatioAmountRatioAmountRatioWebster Financial CorporationCET1 Risk-Based Capital$6,188,433 11.11 %$2,507,190 4.5 %$3,621,497 6.5 %Tier 1 Risk-Based Capital6,472,412 11.62 3,342,920 6.0 4,457,227 8.0 Total Risk-Based Capital7,643,423 13.72 4,457,227 8.0 5,571,534 10.0 Tier 1 Leverage Capital6,472,412 9.06 2,857,890 4.0 3,572,362 5.0 Webster BankCET1 Risk-Based Capital$6,913,443 12.43 %$2,502,835 4.5 %$3,615,206 6.5 %Tier 1 Risk-Based Capital6,913,443 12.43 3,337,113 6.0 4,449,484 8.0 Total Risk-Based Capital7,494,332 13.47 4,449,484 8.0 5,561,855 10.0 Tier 1 Leverage Capital6,913,443 9.69 2,855,212 4.0 3,569,015 5.0 (1)In accordance with regulatory capital rules, the Company elected to delay the estimated impact of the adoption of CECL on its regulatory capital over a two-year deferral period, which ended on January 1, 2022, and a subsequent three-year transition period, which ended on December 31, 2024. During the three-year transition period, regulatory capital ratios phased out the aggregate amount of the regulatory capital benefit provided from the delayed CECL adoption in the initial two years. For 2023 and 2024, the Company was allowed 50% and 25%, respectively, of the regulatory capital benefit as of December 31, 2021, with full absorption occurring in 2025.

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Dividend RestrictionsThe Holding Company is dependent upon dividends from the Bank to provide funds for the payment of dividends to stockholders