Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 1

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 1
---
 F issued and outstanding—6,000 shares145,037 145,037 Series G issued and outstanding—135,000 shares138,942 138,942 Common stock, $0.01 par value: Authorized—400,000,000 shares;Issued—182,778,045 shares; Outstanding—168,594,276 and 171,391,125 shares1,828 1,828 Paid-in capital6,140,885 6,181,475 Retained earnings3,913,169 3,759,158 Treasury stock, at cost—14,183,769 and 11,386,920 shares(686,306)(536,843)Accumulated other comprehensive (loss), net of tax(449,401)(556,383)Total stockholders’ equity9,204,154 9,133,214 Total liabilities and stockholders’ equity$80,279,750 $79,025,073 

(1)Investment securities available-for-sale had an amortized cost basis of $9,941,377 at March 31, 2025, and $9,720,415 at December 31, 2024.

(2)Investment securities held-to-maturity had a fair value of $7,404,724 at March 31, 2025, and $7,453,123 and at December 31, 2024.

(3)Total loans held for sale includes residential mortgage loans valued under the fair value option of $688 at March 31, 2025, and $297 at December 31, 2024.

See accompanying Notes to Condensed Consolidated Financial Statements.

28

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

Three months endedMarch 31,(In thousands, except per share data)20252024Interest Income:Interest and fees on loans and leases$755,117 $792,045 Taxable interest on investment securities187,115 135,071 Non-taxable interest on investment securities7,354 12,514 Loans held for sale15 82 Other interest and dividends23,886 12,138 Total interest income973,487 951,850 Interest Expense:Deposits326,383 335,971 Securities sold under agreements to repurchase and federal funds purchased1,676 2