Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 9

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 9
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 per share— — — (8,775)— — (8,775)Stock-based compensation— — 8,539 — 45,548 — 54,087 Exercise of stock options— — (2,026)— 3,749 — 1,723 Common shares acquired from stock compensation plan activity— — — — (16,278)— (16,278)Common stock repurchase program— — — — (108,780)— (108,780)Balance at December 31, 2023283,979 1,828 6,179,753 3,282,530 (507,523)(550,571)8,689,996 Net income— — — 768,707 — — 768,707 Other comprehensive (loss), net of tax— — — — — (5,812)(5,812)Common stock dividends and equivalents—$1.60 per share— — — (275,429)— — (275,429)Series F preferred stock dividends—$1,312.50 per share— — — (7,875)— — (7,875)Series G preferred stock dividends—$65.00 per share— — — (8,775)— — (8,775)Stock-based compensation— — 1,886 — 53,255 — 55,141 Exercise of stock options— — (164)— 418 — 254 Common shares acquired from stock compensation plan activity— — — — (17,215)— (17,215)Common stock repurchase program— — — — (65,778)— (65,778)Balance at December 31, 2024$283,979 $1,828 $6,181,475 $3,759,158 $(536,843)$(556,383)$9,133,214 

See accompanying Notes to Consolidated Financial Statements.

69

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS Years ended December 31,(In thousands)202420232022Operating Activities:Net income$768,707 $867,840 $