Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 81

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 81
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: Three months ended March 31,(In thousands, except per share and ratio data)20252024Income and performance ratios:Net income$226,917 $216,323 Net income applicable to common stockholders220,367 210,059 Earnings per common share - diluted1.30 1.23 Return on average assets (annualized)1.15 %1.15 %Return on average tangible common stockholders’ equity (annualized) (non-GAAP)15.93 16.30 Return on average common stockholders’ equity (annualized)9.94 10.01 Non-interest income as a percentage of total revenue13.14 14.89 Asset quality:ACL on loans and leases$713,321 $641,442 Non-performing assets (1)564,708 289,254 ACL on loans and leases / total loans and leases1.34 %1.26 %Net charge-offs / average loans and leases (annualized)0.42 0.29 Non-performing loans and leases / total loans and leases (1)1.06 0.56 Non-performing assets / total loans and leases plus OREO and repossessed assets (1)1.06 0.57 ACL on loans and leases / non-performing loans and leases (1)126.39 226.17 Other ratios:Tangible common equity (non-GAAP)7.43 %7.15 %Tier 1 Risk-Based Capital11.76 11.08 Total Risk-Based Capital13.96 13.21 CET1 Risk-Based Capital11.25 10.57 Stockholders’ equity / total assets11.47 11.49 Net interest margin (2)3.48 3.41 Efficiency ratio (non-GAAP)45.79 45.25 Equity and share related:Common stockholders’ equity$8,920,175 $8,463,519 Book value per common share52.91 49.07 Tangible book value per common share (non-GAAP)33.97 30.22 Common stock closing price51.55 50.77 Dividends and equivalents declared per common share0.40 0.40 Common shares outstanding168,594 172,464 Weighted-average common shares outstanding - basic169,182