Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 96

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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C investments.

Total stockholders’ equity increased $0.1 billion, or 0.8%, from $9.1 billion at December 31, 2024, to $9.2 billion at March 31, 2025. The change in total stockholders’ equity was attributed to the following items: 

•Net income of $226.9 million;

•Other comprehensive income, net of tax, of $107.0 million;

•Dividends paid to common and preferred stockholders of $68.7 million and $4.2 million, respectively;

•Stock-based compensation expense of $14.0 million; 

•Repurchases of common stock of $182.3 million under the Company’s common stock repurchase program and $21.8 million related to employee stock-based compensation plan activity.

12

Investment Securities

Through its Corporate Treasury function, the Company maintains and invests in debt securities that are primarily used to provide a source of liquidity for operating needs, as a means to manage the Company’s interest-rate risk, and to generate interest income. The Company’s investment securities are classified into two major categories: available-for-sale and held-to-maturity.

The ALCO manages the Company’s investment securities in accordance with regulatory guidelines and corporate policies, which include limitations on aspects such as concentrations in and types of investments, as well as minimum risk ratings per type of security. In addition, the OCC may further establish individual limits on certain types of investments if the concentration in such security presents a safety and soundness concern. Although the Bank held the entirety of the Company’s investment securities portfolio at both March 31, 2025, and December 31, 2024, the Holding Company may also directly hold investments.

The following table summarizes the carrying amount and percentage composition of the Company’s investment securities: March 31, 2025December 31, 2024(In thousands)Amount%Amount%Available-for-sale:Government agency debentures$192,3412.1 %$186,4262.1 %Municipal bonds and notes109,2941.2 110,8761.2 Agency CMO28,2850.3 29,0430.3 Agency MBS4,758,15550.8 4,519,78550.2 Agency CMBS3,156,30033.7 3,034,39233.8