Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 128

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 128
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 common share for the three months ended June 30, 2025. On July 30, 2025, it was announced that the Holding Company’s Board of Directors had declared a quarterly cash dividend of $0.40 per share on Webster common stock. For the Series F Preferred Stock and Series G Preferred Stock, quarterly cash dividends of $328.125 per share and $16.25 per share, respectively, were declared. The Company continues to monitor economic forecasts, anticipated earnings, and its capital position in the determination of its dividend payments.

The Holding Company maintains a common stock repurchase program, which was approved by the Board of Directors, that permits management to repurchase shares of its common stock in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the SEC, subject to the availability and trading price of stock, general market conditions, alternative uses for capital, regulatory considerations, and the Company’s financial performance. On April 30, 2025, the Board of Directors increased management’s authority to repurchase shares of Webster common stock under the repurchase program by $700.0 million. During the three and six months ended June 30, 2025, the Holding Company repurchased 1,520,514 and 5,089,968 shares, respectively, under the program at a weighted-average price of $51.70 and $51.00 per share, respectively, totaling $78.6 million and $259.6 million, respectively. At June 30, 2025, the Holding Company’s remaining repurchase authority was $668.4 million. 

In addition, the Holding Company will periodically acquire common shares outside of the repurchase program related to employee stock compensation plan activity. During the three and six months ended June 30, 2025, the Holding Company repurchased 8,101 and 392,774 shares, respectively, at a weighted-average price of $50.41 and $56.50 per share, respectively, totaling $0.4 million and $22.2 million, respectively, for this purpose.

Webster Bank Liquidity. The Bank’s primary source of funding is its core deposits. Including time deposits, the Bank had a loan to total deposit ratio of 80.9% and 81.1% at June 30, 2025, and December 31, 2024, respectively.

The Bank is required by OCC regulations