Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 281

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 281
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 determinable contractual obligations at December 31, 2024. The actual timing and amounts of future cash payments may differ from the amounts presented. Based on the Company’s current liquidity position, it is expected that our sources of funds will be sufficient to fulfill these obligations when they come due.

  Payments Due by Period (1)(In thousands)20252026202720282029ThereafterTotalSenior notes$— $— $— $— $300,000 $— $300,000 Subordinated notes— — — — 274,000 225,000 499,000 Junior subordinated debt— — — — — 77,320 77,320 FHLB advances2,100,000 — 218 215 642 9,033 2,110,108 Securities sold under agreements to repurchase344,168 — — — — — 344,168 Time deposits8,091,695 72,078 32,656 18,766 19,759 — 8,234,954 Operating lease liabilities33,221 36,103 31,516 27,780 23,408 64,338 216,366 Contingent consideration12,707 — — — — — 12,707 Royalty liabilities 1,000 1,000 1,000 1,000 1,000 5,064 10,064 Purchase obligations (2)102,998 46,551 20,930 10,361 19,458 10,522 210,820 Total contractual obligations$10,685,789 $155,732 $86,320 $58,122 $638,267 $391,277 $12,015,507 

(1)Interest payments on borrowings have been excluded.

(2)Purchase obligations represent agreements to purchase goods or services of $1.0 million or more that are enforceable and legally binding and specify all significant terms.

In addition, in the normal course of business, the Company offers financial instruments with off-balance sheet risk to meet the financing needs of its customers. These transactions include commitments to extend credit and commercial and standby letters of credit, which involve, to a varying degree, elements of credit risk. Since many of these commitments are expected to expire unused