Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 6

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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Balance at September 30, 2025$283,979 $1,828 $6,169,269 $4,290,807 $(898,214)$(384,992)$9,462,677 Nine months ended September 30, 2024(In thousands, except per share data)PreferredStockCommonStockPaid-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— — — 590,941 — — 590,941 Other comprehensive income, net of tax— — — — — 177,328 177,328 Common stock dividends and equivalents—$1.20 per share— — — (206,621)— — (206,621)Series F preferred stock dividends—$984.38 per share— — — (5,906)— — (5,906)Series G preferred stock dividends—$48.75 per share— — — (6,581)— — (6,581)Stock-based compensation— — (13,603)— 55,156 — 41,553 Common shares acquired from stock compensation plan activity— — — — (16,869)— (16,869)Common stock repurchase program— — — — (65,791)— (65,791)Balance at September 30, 2024$283,979 $1,828 $6,166,150 $3,654,363 $(535,027)$(373,243)$9,198,050 

See accompanying Notes to Condensed Consolidated Financial Statements.

36

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

 Nine months ended September 30,(In thousands)20252024Operating Activities:Net income$746,982 $590,941 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses168,000 158,500