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

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 10
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644,283 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses222,000 150,747 280,619 Deferred income tax expense (benefit)18,183 (53,634)(69,664)Stock-based compensation55,141 54,087 54,099 Common stock contribution to charitable foundation— — 10,500 Depreciation and amortization of property and equipment and intangible assets71,531 76,490 81,800 Net (accretion) and amortization of interest-earning assets and borrowings(95,281)(23,267)(26,215)Amortization of low-income housing tax credit investments80,902 71,775 44,208 Reduction of ROU lease assets31,275 30,616 56,783 Net loss on sale of investment securities136,224 33,620 6,751 Originations of loans held for sale(6,806)(13,319)(33,107)Proceeds from sale of loans held for sale8,310 13,882 36,335 Net loss on sale of factored receivables portfolio15,977 — — Net (gain) on sale of mortgage servicing rights(11,655)— — (Increase) in cash surrender value of life insurance policies(27,712)(26,228)(29,237)Other operating activities, net (15,998)2,760 4,131 Net (increase) in loans held for sale(49,566)— — (Gain) from life insurance policies(14,065)(3,566)(6,311)(Gain) on sale of alternative investments(14,763)— — Net decrease (increase) in derivative contract assets and liabilities20,526 (73,295)536,820 Net decrease (increase) in prepaid expenses and other assets246,752 (13,774)(106,740)Net (decrease) in accrued expenses and other liabilities(35,382)(116,085)(149,103)Net cash provided by operating activities1,404,300 978,649 1,335,952 Investing Activities:Purchases of available-for-sale securities(3,202,766)(2,372,249)(1,099,810)Proceeds from principal payments, maturities, and calls of available-for-sale securities