Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 90

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 90
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 on sale of investment securities available-for-sale included in the Provision for credit losses for the year ended December 31, 2022.

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The following tables summarize each component of other comprehensive (loss) income and the related tax effects:Year ended December 31, 2024(In thousands)AmountBefore TaxTax Benefit (Expense)AmountNet of TaxInvestment securities available-for-sale:Net unrealized (losses) arising during the year$(143,049)$38,421 $(104,628)Reclassification adjustment for net realized losses included in net income138,794 (37,034)101,760 Total investment securities available-for-sale(4,255)1,387 (2,868)Derivative financial instruments:Net unrealized (losses) arising during the year(9,911)2,688 (7,223)Reclassification adjustment for net realized losses included in net income567 (75)492 Total derivative financial instruments(9,344)2,613 (6,731)Defined benefit pension and other postretirement benefit plans:Net actuarial gain arising during the year3,290 (893)2,397 Reclassification adjustment for actuarial net loss amortization included in net income1,907 (517)1,390 Total defined benefit pension and other postretirement benefit plans5,197 (1,410)3,787 Other comprehensive (loss), net of tax$(8,402)$2,590 $(5,812)Year ended December 31, 2023(In thousands)AmountBefore TaxTax Benefit (Expense)AmountNet of TaxInvestment securities available-for-sale:Net unrealized gains arising during the year$118,410 $(32,019)$86,391 Reclassification adjustment for net realized losses included in net income37,356 (10,037)27,319 Total investment securities available-for-sale155,766 (42,056)113,710 Derivative financial instruments:Net unrealized gains arising during the year5,578 (1,512)4,066 Reclassification adjustment for net realized losses included in net income2,659 (720)1,939 Total derivative financial instruments8,237 (2,232)6,005 Defined benefit pension and other postretirement benefit plans:Net actuarial gain arising during the year16,183 (4,389)11,794 Re