Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 208

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 208
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 2024, for liability derivatives, all of which had immaterial related fair values.

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The following tables represent the off-setting derivative financial instruments that are subject to master netting agreements:September 30, 2025Gross Amounts of Recognized Assets/LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets/Liabilities Presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial Position(In thousands)Financial InstrumentsCash Collateral PledgedNet AmountAsset derivatives$158,589 $69,860 $88,729 $— $88,707 $22 Liability derivatives82,949 69,860 13,089 — 11,630 1,459 December 31, 2024Gross Amounts of Recognized Assets/LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Assets/Liabilities Presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial Position(In thousands)Financial InstrumentsCash Collateral PledgedNet AmountAsset derivatives$283,185 $31,881 $251,304 $— $251,212 $92 Liability derivatives32,218 31,881 337 — 80 257 Derivative ActivityThe following table summarizes the income statement effect of derivatives designated in hedge relationships: Recognized inThree months ended September 30,Nine months ended September 30,(In thousands)Net Interest Income2025202420252024Fair value hedges:Interest rate derivativesDeposits interest expense$— $— $— $(1,320)Net recognized on fair value hedges (1)$— $— $— $1,320 Cash flow hedges:Interest rate derivativesLong-term debt interest expense$— $— $— $34 Interest rate derivativesInterest and fees on loans and leases(2,748)(12,104)(8,692)(34,715)Net recognized on cash flow hedges (2)$(2,748)$(12,104)$(8,692)$(34,749)(1)The Company de-designated its fair value hedging relationship on $400.0 million of deposits, which pertained to a portion of Ametros’ member deposits, in 2023. The $1.3 million basis adjustment included in the carrying amount of deposits at