Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 89

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 89
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GAAP)11.05 %11.10 %

3

Three months ended June 30,Six months ended June 30,(Dollars in thousands)2025202420252024Return on average tangible common stockholders’ equity:Net income$258,848 $181,633 $485,765 $397,956 Less: Preferred stock dividends4,162 4,162 8,325 8,325 Add: Intangible assets amortization, tax-effected6,627 6,886 13,358 14,149 Adjusted net income$261,313 $184,357 $490,798 $403,780 Adjusted net income (annualized)$1,045,252 $737,428 $981,596 $807,560 Average stockholders’ equity$9,294,023 $8,733,737 $9,269,533 $8,746,865 Less: Average preferred stock283,979 283,979 283,979 283,979  Average goodwill and other intangible assets3,188,946 3,246,940 3,193,509 3,168,846 Average tangible common stockholders’ equity$5,821,098 $5,202,818 $5,792,045 $5,294,040 Return on average tangible common stockholders’ equity (annualized)17.96 %14.17 %16.95 %15.25 %Return on average common stockholders’ equity (annualized) (GAAP)11.31 %8.40 %10.63 %9.21 %Efficiency ratio:Non-interest expense$345,714 $326,021 $689,358 $661,944 Less: Foreclosed property activity541 (364)1,058 (694)Intangible assets amortization9,093 8,716 18,330 17,910 Operating lease depreciation9 560 25 1,223 FDIC special assessment— — — 11,862 Ametros acquisition expenses— — — 3,139 Adjusted non-interest expense$336,071 $317,109 $669,945 $628,504 Net interest income$621,182 $572,297 $1,233,374