Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 143

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 143
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 the section captioned “Allowance for Credit Losses on Loans and Leases” contained elsewhere in this Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, and within Note 1: Summary of Significant Accounting Policies in the Notes to Consolidated Financial Statements contained in Part II - Item 8. Financial Statements and Supplementary Data included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

Business Combinations

The acquisition method of accounting generally requires that the identifiable assets acquired and liabilities assumed in business combinations are recorded at fair value as of the acquisition date. The determination of fair value often involves the use of internal or third-party valuation techniques, such as discounted cash flow analyses. Particularly, the valuation techniques used to estimate the fair value of the core deposit intangible asset acquired in the Ametros acquisition included estimates related to discount rates, client attrition rates, an alternative cost of funds, and other relevant factors, which are inherently subjective. A description of the valuation methodologies used to estimate the fair values of the significant assets acquired and liabilities assumed in the Ametros acquisition can be found within Note 2: Business Developments in the Notes to Condensed Consolidated Financial Statements contained in Part I - Item 1. Financial Statements.

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ITEM 1. FINANCIAL STATEMENTS

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSJune 30, 2025December 31, 2024(In thousands, except par value and share data)(Unaudited)Assets:Cash and due from banks$425,349 $388,060 Interest-bearing deposits2,568,570 1,686,374 Investment securities available-for-sale, at fair value (1)9,620,354 9,006,600 Investment securities held-to-maturity, net of allowance for credit losses of $102 and $171 (2)8,192,720 8,444,191 Loans held for sale (3)278,409 27,634 Loans and leases53,671,959 52,505,168 Allowance for credit losses on loans and leases(722,046)(689,566)Loans and leases, net52,949,913 51,815,602 Federal Home Loan Bank and Federal Reserve Bank stock370,272 321,343 Deferred tax assets, net252,442 316,