Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 47

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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,528 $(25,911)$(438,262)$(414,879)$2,528 $(25,911)$(438,262)Three months ended June 30, 2024Six months ended June 30, 2024(In thousands)Investment Securities Available-for-SaleDerivative Financial InstrumentsDefined Benefit Pension and Other Postretirement Benefit PlansTotalInvestment Securities Available-for-SaleDerivative Financial InstrumentsDefined Benefit Pension and Other Postretirement Benefit PlansTotalBalance, beginning of period$(553,721)$(32,858)$(29,522)$(616,101)$(517,450)$(2,869)$(30,252)$(550,571)Other comprehensive (loss) before reclassifications(43,970)(10,243)(858)(55,071)(86,560)(48,181)(607)(135,348)Amounts reclassified from accumulated other comprehensive (loss)34,161 8,633 479 43,273 40,480 16,582 958 58,020 Other comprehensive (loss) income, net of tax(9,809)(1,610)(379)(11,798)(46,080)(31,599)351 (77,328)Balance, end of period$(563,530)$(34,468)$(29,901)$(627,899)$(563,530)$(34,468)$(29,901)$(627,899)The following table further summarizes the amounts reclassified from accumulated other comprehensive (loss):Accumulated Other Comprehensive (Loss) ComponentsThree months endedSix months endedAssociated Line Item on the Condensed Consolidated Statements of IncomeJune 30,June 30,2025202420252024(In thousands)Investment securities available-for-sale:Net unrealized gains (losses) (1)$— $(46,496)$528 $(55,183)Non-interest income (2)Tax benefit— 12,335 (143)14,703 Income tax expenseNet of tax$— $(34,161)$385 $(40,480)Derivative financial instruments:Interest payments (3)$(2,689)$(11,630)$(5,944)$(22,122)Interest and fees on loans and leasesHedge terminations— — — (34)Long-term debt interest expensePremium amortization— (217)— (489)Interest and fees on loans