Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 131

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 131
---
$(686,306)$(449,401)$9,204,154 Three months ended March 31, 2024(In thousands, except per share data)Preferred StockCommonStockPaid-InCapitalRetainedEarningsTreasuryStock, at costAccumulated Other Comprehensive(Loss), Net of TaxTotalStockholders’EquityBalance at December 31, 2023$283,979 $1,828 $6,179,753 $3,282,530 $(507,523)$(550,571)$8,689,996 Net income— — — 216,323 — — 216,323 Other comprehensive (loss), net of tax— — — — — (65,530)(65,530)Common stock dividends and equivalents—$0.40 per share— — — (68,989)— — (68,989)Series F preferred stock dividends—$328.125 per share— — — (1,969)— — (1,969)Series G preferred stock dividends—$16.25 per share— — — (2,194)— — (2,194)Stock-based compensation— — (40,818)— 54,578 — 13,760 Common shares acquired from stock compensation plan activity— — — — (13,496)— (13,496)Common stock repurchase program— — — — (20,403)— (20,403)Balance at March 31, 2024$283,979 $1,828 $6,138,935 $3,425,701 $(486,844)$(616,101)$8,747,498 

See accompanying Notes to Condensed Consolidated Financial Statements.

31

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

 Three months ended March 31,(In thousands)20252024Operating Activities:Net income$226,917 $216,323 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses77,500 45,500 Deferred income tax expense27,636 16,470 Stock-based compensation14,011 13,760 Depreciation and amortization of property