Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 8

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 property and equipment2,323 3,820 Purchases of property and equipment(21,533)(13,483)Proceeds from life insurance policies8,591 12,541 Net cash paid for acquisition of Ametros— (359,460)Net cash (used for) investing activities(1,826,830)(2,016,548)

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WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited), continued Six months ended June 30,(In thousands)20252024Financing Activities:Net increase in deposits1,559,263 1,502,372 Net increase in Federal Home Loan Bank advances1,229,806 449,825 Net increase (decrease) in securities sold under agreements to repurchase and federal funds purchased28,638 (218,863)Repayment of long-term debt— (132,550)Payment of contingent consideration(11,241)(4,050)Dividends paid to common stockholders(135,839)(137,654)Dividends paid to preferred stockholders(8,325)(8,325)Common stock repurchase program(259,601)(65,402)Common shares acquired related to stock compensation plan activity(22,190)(16,619)Net cash provided by financing activities2,380,511 1,368,734 Net increase (decrease) in cash and cash equivalents919,485 (180,142)Cash and cash equivalents, beginning of period2,074,434 1,715,795 Cash and cash equivalents, end of period$2,993,919 $1,535,653 

See accompanying Notes to Condensed Consolidated Financial Statements.

39

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, 202