Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 149

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 149
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 had an amortized cost basis of $10,429,139 at September 30, 2025, and $9,720,415 at December 31, 2024.

(2)Investment securities held-to-maturity had a fair value of $7,240,887 at September 30, 2025, and $7,453,123 and at December 31, 2024.

(3)Total loans held for sale includes residential mortgage loans valued under the fair value option of $51 at September 30, 2025, and $297 at December 31, 2024.

See accompanying Notes to Condensed Consolidated Financial Statements.

33

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

Three months endedNine months endedSeptember 30,September 30,(In thousands, except per share data)2025202420252024Interest Income:Interest and fees on loans and leases$794,668 $809,184 $2,324,988 $2,399,326 Taxable interest on investment securities194,278 168,583 571,993 454,242 Non-taxable interest on investment securities7,043 8,139 21,563 30,892 Loans held for sale3,988 5,400 4,010 11,075 Other interest and dividends28,325 12,757 79,822 36,664 Total interest income1,028,302 1,004,063 3,002,376 2,932,199 Interest Expense:Deposits355,504 371,075 1,021,625 1,068,309 Securities sold under agreements to repurchase and federal funds purchased631 38 2,525 3,260 Federal Home Loan Bank advances29,620 35,172 83,034 106,266 Long-term debt10,880 7,895 30,151 24,445 Total interest expense396,635 414,180 1,137,335 1,202,280 Net interest income631,667 589,883 1,865,041 1,729,919 Provision for credit losses44,000 54,000 168,000 158,500 Net interest income after provision for credit losses587,667