Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 12

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 12
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crease) increase in securities sold under agreements to repurchase and federal funds purchased(114,219)(693,443)447,202 Repayment of long-term debt(132,550)(16,752)— Payment of contingent consideration(4,050)— — Dividends paid to common stockholders(274,545)(278,155)(247,767)Dividends paid to preferred stockholders(16,650)(16,650)(13,725)Exercise of stock options254 1,723 703 Common stock repurchase program(65,403)(107,984)(322,103)Common shares acquired related to stock compensation plan activity(17,215)(16,278)(23,655)Net cash provided by financing activities2,823,599 2,492,955 6,228,759 Net increase in cash and cash equivalents358,639 875,852 378,373 Cash and cash equivalents, beginning of period1,715,795 839,943 461,570 Cash and cash equivalents, end of period$2,074,434 $1,715,795 $839,943 

See accompanying Notes to Consolidated Financial Statements.

71

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1: Summary of Significant Accounting Policies

Nature of OperationsWebster Financial Corporation is a bank holding company and financial holding company under the BHC Act, incorporated under the laws of Delaware in 1986, and headquartered in Stamford, Connecticut. As of December 31, 2024, Webster Financial Corporation had more than $79 billion in total consolidated assets.Webster Bank is a commercial bank with a national bank charter focused on providing financial products and services to businesses, individuals, and families. While its core footprint spans the Northeast from the New York metropolitan area to Rhode Island and Massachusetts, certain businesses operate in extended geographies. Webster Bank offers three differentiated lines of business: Commercial Banking, Healthcare Financial Services, and Consumer Banking.Basis of PresentationThe Consolidated Financial Statements have been prepared in accordance with GAAP, and include the accounts of the Company and all other entities in which the Company has a controlling financial interest. 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 on the accompanying Consolidated Balance Sheets. Certain