Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 157

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 157
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 in a fiduciary or agency capacity for customers are not included in the Condensed Consolidated Financial Statements.Certain prior period amounts disclosed in Note 9: Accumulated Other Comprehensive (Loss), Net of Tax have been reclassified to conform to the current period presentation. These reclassifications did not have a material impact on the Company’s Condensed Consolidated Financial Statements.Use of EstimatesThe preparation of the Condensed Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.Supplemental Cash Flow InformationThe following table summarizes supplemental disclosures of cash flow information and non-cash investing and financing activities:Nine months ended September 30,(In thousands)20252024Supplemental disclosure of cash flow information:Interest paid$1,156,922 $1,234,838 Income taxes paid74,960 110,302 Non-cash investing and financing activities:Transfer of loans held for investment to foreclosed properties and repossessed assets$6,353 $2,305 Transfer of returned finance lease equipment to assets held for sale1,739 4,942 Transfer of loans held for investment to loans held for sale364,281 652,823 Change in deposit overdrafts reclassified as loan balances2,576 6,082 ROU lease assets obtained in exchange for operating lease liabilities37,520 10,469 Approved commitments to fund LIHTC investments 165,999 234,877 Unsettled trades of available-for-sale securities74,813 — Acquisition of Ametros:Tangible assets acquired$— $256,957 Goodwill and other intangible assets— 417,085 Liabilities assumed (1)— 299,507 Forgiveness of long-term debt— 12,875 Pre-existing equity interest— 2,200 (1)Reflects the sum of the $293.7 million of liabilities assumed from Ametros and the $5.8 million liability assumed for the Seller’s transaction expenses, which was included as part of the purchase price consideration and paid by the Company at closing.

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Significant Accounting PoliciesThe Company’s significant accounting policies are described in Note 1: Summary of Significant Accounting Policies in the Notes to Consolidated