Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 40

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 40
---
 merger-related expenses$246,461 (1)Comprised primarily of employee severance and retention costs, and executive restricted stock awards.(2)Comprised primarily of charges associated with the Company’s 2022 corporate real estate consolidation plan.(3)Comprised primarily of technology contract termination costs.(4)Comprised primarily of advisory, legal, accounting, and other professional fees.(5)Comprised primarily of disposals on property and equipment, contract termination costs, and other miscellaneous expenses.

87

Note 3: Investment Securities

Available-for-SaleThe following table summarizes the amortized cost and fair value of available-for-sale securities by major type:At December 31, 2024(In thousands)AmortizedCost (1)UnrealizedGainsUnrealized LossesAllowance for Credit LossesFair ValueGovernment agency debentures $222,767 $— $(36,341)$— $186,426 Municipal bonds and notes 123,885 2 (13,011)— 110,876 Agency CMO32,193 — (3,150)— 29,043 Agency MBS4,760,541 11,654 (252,410)— 4,519,785 Agency CMBS3,400,021 84 (365,713)— 3,034,392 CMBS630,985 411 (6,008)— 625,388 Corporate debt496,087 801 (43,755)(867)452,266 Private label MBS44,081 — (4,862)— 39,219 Other9,855 — (650)— 9,205 Total available-for-sale$9,720,415 $12,952 $(725,900)$(867)$9,006,600 At December 31, 2023(In thousands)AmortizedCost (1)UnrealizedGainsUnrealized LossesAllowance for Credit LossesFair ValueGovernment agency debentures$302,212 $— $(37,579)$— $264,633 Municipal bonds and notes1,626,126 8 (52,901)— 1,573,233 Agency CMO52,994 — (4,053)— 48,941 Agency MBS3,568,140 32,461 (253,