Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 87

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 87
---
 10.59 11.35 10.59 Stockholders’ equity / total assets11.40 11.46 11.40 11.46 Net interest margin (2)3.44 3.39 3.46 3.40 Efficiency ratio (non-GAAP)45.40 46.22 45.59 45.74 Equity and share related:Common stockholders’ equity$9,053,638 $8,525,289 $9,053,638 $8,525,289 Book value per common share54.19 49.74 54.19 49.74 Tangible book value per common share (non-GAAP)35.13 30.82 35.13 30.82 Common stock closing price54.60 43.59 54.60 43.59 Dividends and equivalents declared per common share0.40 0.40 0.80 0.80 Common shares outstanding167,083 171,402 167,083 171,402 Weighted-average common shares outstanding - basic165,884 169,675 167,524 170,061 Weighted-average common shares - diluted166,131 169,937 167,853 170,351 

(1)Non-performing asset balances and related asset quality ratios exclude the impact of net unamortized (discounts)/premiums and net unamortized deferred (fees)/costs on loans and leases.

(2)Effective as of the first quarter of 2025, the Company changed its methodology used to annualize net interest income in its quarterly and year to date net interest margin calculation. Net interest margin for the prior periods has been recast.

2

Non-GAAP Financial Measures

The non-GAAP financial measures identified in the preceding table provide both management and investors with information useful in understanding the Company’s financial position, results of operations, the strength of its capital position, and overall business performance. These non-GAAP financial measures are used by management for performance measurement purposes, as well as for internal planning and forecasting, and by securities analysts, investors, and other interested parties to assess peer company operating performance. Management believes that this presentation, together with the accompanying reconciliations, provides investors with a more complete understanding of the factors and trends affecting the Company’s business and allows investors to view its performance in a similar