Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 191

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 191
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080)(31,599)351 (77,328)Balance, end of period$(563,530)$(34,468)$(29,901)$(627,899)$(563,530)$(34,468)$(29,901)$(627,899)The following table further summarizes the amounts reclassified from accumulated other comprehensive (loss):Accumulated Other Comprehensive (Loss) ComponentsThree months endedSix months endedAssociated Line Item on the Condensed Consolidated Statements of IncomeJune 30,June 30,2025202420252024(In thousands)Investment securities available-for-sale:Net unrealized gains (losses) (1)$— $(46,496)$528 $(55,183)Non-interest income (2)Tax benefit— 12,335 (143)14,703 Income tax expenseNet of tax$— $(34,161)$385 $(40,480)Derivative financial instruments:Interest payments (3)$(2,689)$(11,630)$(5,944)$(22,122)Interest and fees on loans and leasesHedge terminations— — — (34)Long-term debt interest expensePremium amortization— (217)— (489)Interest and fees on loans and leasesTax benefit729 3,214 1,612 6,063 Income tax expenseNet of tax$(1,960)$(8,633)$(4,332)$(16,582)Defined benefit pension and other postretirement benefit plans:Actuarial net loss amortization$(380)$(658)$(760)$(1,315)Other expenseTax benefit103 179 206 357 Income tax expenseNet of tax$(277)$(479)$(554)$(958)(1)Reclassification adjustments for net unrealized gains (losses) on investment securities available-for-sale that were sold during the reporting period are determined by reference to the unrealized gain or loss reported in the previous reporting period.(2)Gains and losses realized on sale of investment securities available-for-sale are generally included as a component of non-interest income on the accompanying Condensed Consolidated Statements of Income unless any portion or all of the loss is due to credit related factors, in which the amount is then included in the Provision for credit losses. Additional information regarding the presentation of gains and losses realized on sale of investment securities available-for-sale for the three and six months ended June 30, 2025,