Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 115

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 115
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 securities: September 30, 2025December 31, 2024(In thousands)Amount%Amount%Available-for-sale:Government agency debentures$196,0712.0 %$186,4262.1 %Municipal bonds and notes107,9141.1 110,8761.2 Agency CMO25,8330.3 29,0430.3 Agency MBS5,011,85550.4 4,519,78550.2 Agency CMBS3,371,24733.9 3,034,39233.8 CMBS821,4478.3 625,3886.9 Corporate debt350,0933.5 452,2665.0 Private label MBS38,4090.4 39,2190.4 Other9,4750.1 9,2050.1 Total available-for-sale$9,932,344100.0 %$9,006,600100.0 %Held-to-maturity:Agency CMO$17,5810.2 %$19,8470.2 %Agency MBS2,867,86435.5 3,109,41136.8 Agency CMBS4,300,75753.3 4,357,50551.6 Municipal bonds and notes (1)826,29010.2 891,90910.6 CMBS65,1150.8 65,6900.8 Total held-to-maturity$8,077,607100.0 %$8,444,362100.0 %Total investment securities$18,009,951$17,450,962

(1)The balances at September 30, 2025, and December 31, 2024, exclude the ACL recorded on held-to-maturity securities of $0.1 million and $0.2 million, respectively.

Available-for-sale securities increased $0.9 billion, or 10.3%, from $9.0 billion at December 31, 2024, to $9.9 billion at September 30, 2025, primarily due to purchases exceeding paydown activities, particularly across the Agency MBS, Agency CMBS, and CMBS categories. The average FTE yield on the available-for-sale portfolio was 4