Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 64

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 2025, to settle its contingent consideration obligation with StoneCastle Partners LLC in accordance with the purchase agreement.Contingent consideration liabilities are included within Accrued expenses and other liabilities on the accompanying Condensed Consolidated Balance Sheets. Any fair value adjustments to contingent consideration liabilities are included in Other expense on the accompanying Condensed Consolidated Statements of Income.

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The following tables summarize the fair values of assets and liabilities measured at fair value on a recurring basis: June 30, 2025(In thousands)Level 1Level 2Level 3TotalFinancial Assets:Available-for-sale securities:Government agency debentures$— $192,436 $— $192,436 Municipal bonds and notes— 103,808 — 103,808 Agency CMO— 27,113 — 27,113 Agency MBS— 4,831,605 — 4,831,605 Agency CMBS— 3,224,198 — 3,224,198 CMBS— 790,132 — 790,132 Corporate debt— 403,373 — 403,373 Private label MBS— 38,364 — 38,364 Other— 9,325 — 9,325 Total available-for-sale securities— 9,620,354 — 9,620,354 Gross derivative instruments, before netting (1)535 247,020 — 247,555 Originated loans held for sale— 75 — 75 Investments held in Rabbi Trusts12,900 — — 12,900 Alternative investments measured at NAV (2)— — — 50,453 Total financial assets$13,435 $9,867,449 $— $9,931,337 Financial Liabilities:Gross derivative instruments, before netting (1)$1,515 $242,272 $— $243,787 Contingent consideration— — 182 182 Total financial liabilities$1,515 $242,272 $182 $243,969  December 31, 2024(In thousands)Level 1Level 2Level 3TotalFinancial Assets:Available-for-sale securities:Government agency debentures$— $186,426 $— $186,426 Municipal bonds and notes—