Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 0

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. FINANCIAL STATEMENTS

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSSeptember 30, 2025December 31, 2024(In thousands, except par value and share data)(Unaudited)Assets:Cash and due from banks$498,801 $388,060 Interest-bearing deposits2,563,680 1,686,374 Investment securities available-for-sale, at fair value (1)9,932,344 9,006,600 Investment securities held-to-maturity, net of allowance for credit losses of $102 and $171 (2)8,077,505 8,444,191 Loans held for sale (3)75,386 27,634 Loans and leases55,052,081 52,505,168 Allowance for credit losses on loans and leases(727,897)(689,566)Loans and leases, net54,324,184 51,815,602 Federal Home Loan Bank and Federal Reserve Bank stock340,231 321,343 Deferred tax assets, net220,972 316,856 Premises and equipment, net427,215 406,963 Goodwill2,868,068 2,868,068 Other intangible assets, net307,679 334,301 Cash surrender value of life insurance policies1,266,491 1,251,622 Accrued interest receivable and other assets2,290,096 2,157,459 Total assets$83,192,652 $79,025,073 Liabilities and stockholders’ equity:Deposits:Non-interest-bearing$10,491,975 $10,316,501 Interest-bearing57,683,669 54,436,579 Total deposits68,175,644 64,753,080 Securities sold under agreements to repurchase and federal funds purchased101,717 344,168 Federal Home Loan Bank advances2,560,817 2,110,108 Long-term debt1,249,612 909,185 Accrued expenses and other liabilities1,642,185 1,775,318 Total liabilities73,729,975 69,891,859 Stockholders’ equity:Preferred stock, $0.01 par value: Authorized—3,000,