Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 97

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 97
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658,858 133,971 4.82 Total deposits and interest-bearing liabilities69,625,810 $1,137,335 2.18 %65,282,400 $1,202,280 2.46 %Non-interest-bearing liabilities (2)1,650,198 1,915,023 Total liabilities71,276,008 67,197,423 Preferred stock283,979 283,979 Common stockholders’ equity9,043,051 8,546,246 Total stockholders’ equity9,327,030 8,830,225 Total liabilities and stockholders’ equity$80,603,038 $76,027,648 Net interest income (FTE)$1,906,780 $1,773,772 Less: FTE adjustment (4)(41,739)(43,853)Net interest income$1,865,041 $1,729,919 Net interest margin (FTE) (5)3.44 %3.41 %

(1)Non-accrual loans have been included in the computation of average balances.

(2)In order to provide the users of the Company’s financial statements with a more transparent view of the actual consolidated average balances that are used in the calculation of net interest margin, the Company has recast, in the tables above, certain consolidated average balances for the three and nine months ended September 30, 2024, to reflect a change in presentation being applied retrospectively. Specifically, adjustments were made to exclude average unsettled trades of $52.3 million and $97.0 million, respectively, and average available-for-sale unrealized losses of $649.2 million and $738.2 million, respectively, from investment securities, and to exclude an average basis adjustment of $24.7 million and $26.1 million, respectively, from long-term debt related to a de-designated fair value hedge. Rather, effective as of December 31, 2024, these amounts are being presented in average non-interest-earning assets and average non-interest-bearing liabilities, respectively. There were no changes to the related yields/rates or net interest income that had been previously disclosed. 

(3)Interest-bearing deposits are a component of Cash and cash equivalents on the Condensed Consolidated Statements of Cash Flows included in Part I - Item 1. Financial Statements.

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