Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 214

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 214
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 of management and were calculated with the assistance of a third-party valuation specialist, are not observable, and accordingly, are classified within Level 3 of the fair value hierarchy.Contingent consideration liabilities are included within Accrued expenses and other liabilities on the accompanying Condensed Consolidated Balance Sheets. Any fair value adjustments to contingent consideration liabilities are included in Other expense on the accompanying Condensed Consolidated Statements of Income.

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The following tables summarize the fair values of assets and liabilities measured at fair value on a recurring basis: September 30, 2025(In thousands)Level 1Level 2Level 3TotalFinancial Assets:Available-for-sale securities:Government agency debentures$— $196,071 $— $196,071 Municipal bonds and notes— 107,914 — 107,914 Agency CMO— 25,833 — 25,833 Agency MBS— 5,011,855 — 5,011,855 Agency CMBS— 3,371,247 — 3,371,247 CMBS— 821,447 — 821,447 Corporate debt— 350,093 — 350,093 Private label MBS— 38,409 — 38,409 Other— 9,475 — 9,475 Total available-for-sale securities— 9,932,344 — 9,932,344 Gross derivative instruments, before netting (1)164 240,281 — 240,445 Originated loans held for sale— 51 — 51 Investments held in Rabbi Trusts13,637 — — 13,637 Alternative investments measured at NAV (2)— — — 52,552 Total financial assets$13,801 $10,172,676 $— $10,239,029 Financial Liabilities:Gross derivative instruments, before netting (1)$420 $234,254 $— $234,674 Total financial liabilities$420 $234,254 $— $234,674  December 31, 2024(In thousands)Level 1Level 2Level 3TotalFinancial Assets:Available-for-sale securities:Government agency debentures$— $186,426 $— $186,426 Municipal bonds and notes— 110,876