Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 6

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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765,410)$(438,262)$9,337,617 Six months ended June 30, 2024(In thousands, except per share data)PreferredStockCommonStockPaid-InCapitalRetainedEarningsTreasuryStock,at costAccumulated Other Comprehensive (Loss), Net of TaxTotalShareholders'EquityBalance at December 31, 2023$283,979 $1,828 $6,179,753 $3,282,530 $(507,523)$(550,571)$8,689,996 Net income— — — 397,956 — — 397,956 Other comprehensive (loss), net of tax— — — — — (77,328)(77,328)Common stock dividends and equivalents—$0.80 per share— — — (137,810)— — (137,810)Series F preferred stock dividends—$656.25 per share— — — (3,938)— — (3,938)Series G preferred stock dividends—$32.50 per share— — — (4,387)— — (4,387)Stock-based compensation— — (26,467)— 53,660 — 27,193 Common shares acquired from stock compensation plan activity— — — — (16,619)— (16,619)Common stock repurchase program— — — — (65,795)— (65,795)Balance at June 30, 2024$283,979 $1,828 $6,153,286 $3,534,351 $(536,277)$(627,899)$8,809,268 

See accompanying Notes to Condensed Consolidated Financial Statements.

37

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

 Six months ended June 30,(In thousands)20252024Operating Activities:Net income$485,765 $397,956 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses124,000 104,500 Deferred income tax expense19,669 7,908 Stock-based compensation29,132 27,193 Depreciation and amortization of property and