Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 274

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 274
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 regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory actions by regulators that could have a direct material effect on the Company’s Consolidated Financial Statements. Under capital adequacy guidelines and/or the regulatory framework for prompt corrective action (applies to the Bank only), both the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated pursuant to regulatory directives. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

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Quantitative measures established by Basel III to ensure capital adequacy require the Company and the Bank to maintain minimum ratios of CET1 Risk-Based Capital, Tier 1 Risk-Based Capital, Total Risk-Based Capital, and Tier 1 Leverage Capital, as defined in the regulations.

The following table presents the minimum ratios required as of December 31, 2024, and 2023:Adequately CapitalizedWell CapitalizedCET1 Risk-Based Capital 4.5 %6.5 %Tier 1 Risk-Based Capital6.0 8.0 Total Risk-Based Capital 8.0 10.0 Tier 1 Leverage Capital4.0 5.0 

At December 31, 2024, and 2023, both the Company and the Bank were classified as “well-capitalized.” Management believes that no events or changes have occurred subsequent to year-end and through the date of this Annual Report on Form 10-K that would change this designation.

The Company’s and the Bank’s capital ratios, which exceeded minimum regulatory requirements, were as follows:At December 31,2024 (2)2023 (2)(In thousands)Capital/AssetsRatioCapital/AssetsRatioWebster Financial CorporationCET1 Risk-Based Capital $6,318,876 11.54 %$6,188,433 11.11 %Tier 1 Risk-Based Capital6,602,855 12.06 6,472,412 11.62 %Total Risk-Based Capital 7,800,717 14.24 7,643,423 13.72 %Tier 1 Leverage Capital6,602,855 8.70 6,472,412 9.06 %Risk-weighted assets (1)54,767,609 55,715,341 Webster BankCET1 Risk-Based