Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 9

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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4. The Company’s financial condition, results of operations, and cash flows, for the three and six months ended June 30, 2025, as compared to 2024, are not necessarily indicative of the future results that may be attained for the entire year or other interim periods.In the opinion of management, all necessary adjustments have been reflected to present fairly the financial position, results of operations, and cash flows for the reporting periods presented. Intercompany transactions and balances have been eliminated in consolidation. Assets under administration or assets under management that the Company holds or manages in a fiduciary or agency capacity for customers are not included in the Condensed Consolidated Financial Statements.Certain prior period amounts disclosed in Note 9: Accumulated Other Comprehensive (Loss), Net of Tax have been reclassified to conform to the current period presentation. These reclassifications did not have a material impact on the Company’s Condensed Consolidated Financial Statements.Use of EstimatesThe preparation of the Condensed Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.Supplemental Cash Flow InformationThe following table summarizes supplemental disclosures of cash flow information and non-cash investing and financing activities:Six months ended June 30,(In thousands)20252024Supplemental disclosure of cash flow information:Interest paid$765,626 $811,338 Income taxes paid53,100 84,450 Non-cash investing and financing activities:Transfer of loans held for investment to foreclosed properties and repossessed assets$3,967 $1,925 Transfer of returned finance lease equipment to assets held for sale579 2,316 Transfer of loans held for investment to loans held for sale317,172 333,483 ROU lease assets obtained in exchange for operating lease liabilities28,437 8,259 Approved commitments to fund LIHTC investments 99,054 212,041 Acquisition of Ametros:Tangible assets acquired$— $256,957 Goodwill and other intangible assets— 417,085 Liabilities assumed (1)— 299,507 Forgiveness of long-term debt— 12,875 Pre-existing equity interest— 2,200 (1)Reflects the sum of the $293.