Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 183

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 183
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 of commercial non-mortgage loans that had been modified in the form of term extensions with borrowers experiencing financial difficulty in the 12 months preceding June 30, 2024, that had a payment default during the six months ended June 30, 2024. These loans were re-modified again in the form of term extensions during the three months ended June 30, 2024. For the purposes of this disclosure, a payment default is defined as 90 or more days past due. Non-accrual loans that are modified to borrowers experiencing financial difficulty remain on non-accrual status until the borrower has demonstrated performance under the modified terms. Commitments to lend additional funds to borrowers experiencing financial difficulty whose loans had been modified were not significant.

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Note 5: Goodwill and Other Intangible Assets

GoodwillThe following table summarizes changes in the carrying amount of goodwill:(In thousands)June 30,2025December 31,2024Balance, beginning of period$2,868,068 $2,631,465 Ametros acquisition (1)— 236,603 Balance, end of period$2,868,068 $2,868,068 (1)Reflects the $228.2 million of goodwill recorded in connection with the Ametros acquisition in January 2024, and $8.4 million of other adjustments. The allocation of the purchase price and goodwill calculation for the Ametros acquisition was considered final as of December 31, 2024.Information regarding goodwill by reportable segment can be found within Note 15: Segment Reporting.Other Intangible AssetsThe following table summarizes other intangible assets: June 30, 2025December 31, 2024(In thousands)Gross CarryingAmountAccumulatedAmortizationNet CarryingAmountGross CarryingAmountAccumulatedAmortizationNet CarryingAmountCore deposits$328,837 $87,585 $241,252 $328,837 $76,795 $252,042 Customer relationships122,063 53,716 68,347 122,063 47,186 74,877 Non-competition agreement 4,000 2,000 2,000 4,000 1,600 2,400 Trade name6,100 1,728 4,372 6,100 1,118 4,982 Total other intangible assets$461