Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 189

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 189
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 goodwill:(In thousands)September 30,2025December 31,2024Balance, beginning of period$2,868,068 $2,631,465 Ametros acquisition (1)— 236,603 Balance, end of period$2,868,068 $2,868,068 (1)Reflects the $228.2 million of goodwill recorded in connection with the Ametros acquisition in January 2024, and $8.4 million of other adjustments. The allocation of the purchase price and goodwill calculation for the Ametros acquisition was considered final as of December 31, 2024.Information regarding goodwill by reportable segment can be found within Note 15: Segment Reporting.Other Intangible AssetsThe following table summarizes other intangible assets: September 30, 2025December 31, 2024(In thousands)Gross Carrying AmountAccumulatedAmortizationNet CarryingAmountGross CarryingAmountAccumulatedAmortizationNet CarryingAmountCore deposits (1)$329,511 $92,931 $236,580 $328,837 $76,795 $252,042 Customer relationships122,063 56,831 65,232 122,063 47,186 74,877 Non-competition agreement 4,000 2,200 1,800 4,000 1,600 2,400 Trade name6,100 2,033 4,067 6,100 1,118 4,982 Total other intangible assets$461,674 $153,995 $307,679 $461,000 $126,699 $334,301 (1)The increase in the gross carrying amount of Core deposits reflects the asset acquisition of Allegacy Federal Credit Union HSAs, as previously discussed in Note 2: Business Developments. The associated $0.7 million core deposit intangible asset is being amortized over an estimated useful life of 9 years using a 1.5% declining balance approach.The remaining estimated aggregate future amortization expense for other intangible assets is as follows:(In thousands)September 30,2025Remainder of 2025$8,791 202634,182 202733,116 202830,231 202928,357 Thereafter173,002 

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Note 6: Deposits

The