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

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 in deposit overdrafts reclassified as loan balances2,576 6,082 ROU lease assets obtained in exchange for operating lease liabilities37,520 10,469 Approved commitments to fund LIHTC investments 165,999 234,877 Unsettled trades of available-for-sale securities74,813 — Acquisition of Ametros:Tangible assets acquired$— $256,957 Goodwill and other intangible assets— 417,085 Liabilities assumed (1)— 299,507 Forgiveness of long-term debt— 12,875 Pre-existing equity interest— 2,200 (1)Reflects the sum of the $293.7 million of liabilities assumed from Ametros and the $5.8 million liability assumed for the Seller’s transaction expenses, which was included as part of the purchase price consideration and paid by the Company at closing.

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Significant Accounting PoliciesThe Company’s significant accounting policies are described in Note 1: Summary of Significant Accounting Policies in the Notes to Consolidated Financial Statements contained in Part II - Item 8. Financial Statements and Supplementary Data of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. There have been no changes to those accounting policies during the nine months ended September 30, 2025.Relevant Accounting Standards Issued But Not Yet AdoptedASU No. 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax DisclosuresIn December 2023, the FASB issued ASU No. 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax Disclosures, to provide more transparency about income tax information through improvements to income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. Specifically, the amendments in this Update require disclosure of: (i) a tabular reconciliation, using both percentages and reporting currency amounts, with prescribed categories that are required to be disclosed, and the separate disclosure and disaggregation of prescribed reconciling items with an effect equal to 5% or more of the amount determined by multiplying pre-tax income from continuing operations by the application statutory rate; (ii) a qualitative description of the states and local jurisdictions that make up the majority (greater than 50%) of the effect of the state and local income taxes; and (iii) the amount of income taxes paid, net of refunds received, disaggregated by federal, state, and foreign