Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 136

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 136
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 June 30, 2025, and December 31, 2024, respectively. The most recent FHLB quarterly cash dividend was paid on August 4, 2025, in an amount equal to an annual yield of 7.38%.

The Bank is also required to hold FRB stock equal to 6% of its capital and surplus, of which 50% is paid. The remaining 50% is subject to call when deemed necessary by the Federal Reserve System. Similar to FHLB stock, the FRB capital stock investment is restricted as there is no market for it, and it can only be redeemed by the FRB. The Bank held FRB capital stock of $230.4 million and $229.6 million at June 30, 2025, and December 31, 2024, respectively. The most recent FRB semi-annual cash dividend was paid on June 30, 2025, in an amount equal to an annual yield of 4.42%.

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Uses of Funds. The Company enters into various contractual obligations in the normal course of business that require future cash payments and that could impact its short-term and long-term liquidity and capital resource needs. The following table summarizes significant fixed and determinable contractual obligations at June 30, 2025. The actual timing and amounts of future cash payments may differ from the amounts presented. Based on the Company’s current liquidity position, it is expected that our sources of funds will be sufficient to fulfill these obligations when they come due.

  Payments Due by Period (1)(In thousands)20252026202720282029ThereafterTotalSenior notes$— $— $— $— $300,000 $— $300,000 Subordinated notes— — — — 274,000 225,000 499,000 Junior subordinated debt— — — — — 77,320 77,320 FHLB advances3,330,000 — 210 208 629 8,867 3,339,914 Securities sold under agreements to repurchase372,806 — — — — — 372,806 Time deposits5,946,812 1,876,195 38,286 20,127 17,969 20,496 7,919,885 Operating lease liabilities16,414 38,768 34,