Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 7

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 7
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928 186,384 Intangible assets amortization36,082 36,207 31,940 Marketing18,751 18,622 16,438 Professional and outside services58,253 107,497 117,530 Deposit insurance68,912 98,081 26,574 Other expense139,309 168,748 180,088 Total non-interest expense1,351,279 1,416,355 1,396,473 Income before income taxes1,017,007 1,084,504 797,977 Income tax expense248,300 216,664 153,694 Net income768,707 867,840 644,283 Preferred stock dividends16,650 16,650 15,919 Net income available to common stockholders$752,057 $851,190 $628,364 Earnings per common share:Basic$4.38 $4.91 $3.72 Diluted4.37 4.91 3.72 

See accompanying Notes to Consolidated Financial Statements.

67

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Years ended December 31,(In thousands)202420232022Net income$768,707 $867,840 $644,283 Other comprehensive (loss) income, net of tax:Investment securities available-for-sale(2,868)113,710 (635,696)Derivative financial instruments(6,731)6,005 (14,944)Defined benefit pension and other postretirement benefit plans3,787 14,674 (11,740)Other comprehensive (loss) income, net of tax(5,812)134,389 (662,380)Comprehensive income (loss)$762,895 $1,002,229 $(18,097)

See accompanying Notes to Consolidated Financial Statements.

68

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(In thousands, except per share data)PreferredStockCommonStockPaid-InCapitalRetainedEarningsTreasury Stock,at costAccumulatedOther Comprehensive (Loss), Net of TaxTotal Stockholders’EquityBalance at December 31, 2021$145,037 $937 $1,