Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 8

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 of loans not originated for sale332,605 567,729 Proceeds from sale of mortgage servicing rights— 18,310 Proceeds from sale of foreclosed properties and repossessed assets1,795 6,962 Proceeds from sale of property and equipment4,112 4,417 Purchases of property and equipment(33,748)(23,505)Proceeds from life insurance policies14,770 28,247 Cash paid for acquisition of HSA deposits(674)— Net cash paid for acquisition of Ametros— (359,460)Net cash (used for) investing activities(3,088,312)(2,732,933)See accompanying Notes to Condensed Consolidated Financial Statements.

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WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited), continued Nine months ended September 30,(In thousands)20252024Financing Activities:Net increase in deposits3,419,988 3,747,738 Net increase in Federal Home Loan Bank advances450,709 750,187 Net (decrease) in securities sold under agreements to repurchase and federal funds purchased(242,451)(358,155)Repayment of long-term debt— (132,550)Proceeds from the issuance of long-term debt347,389 — Debt issuance costs(1,636)— Payment of contingent consideration(11,447)(4,050)Dividends paid to common stockholders(202,312)(206,707)Dividends paid to preferred stockholders(12,487)(12,487)Exercise of stock options67 — Common stock repurchase program(389,388)(65,402)Common shares acquired related to stock compensation plan activity(22,597)(16,869)Net cash provided by financing activities3,335,835 3,701,705 Net increase in cash and cash equivalents988,047 1,481,756 Cash and cash equivalents, beginning of period2,074,434 1,715,795 Cash and cash equivalents, end of period$3,062,481 $3,197,551 

See accompanying Notes to Condensed Consolidated Financial Statements.

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WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)