Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 44

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 44
---
 carrying value and is being amortized over the remaining life of the senior fixed-rate notes.(2)The interest rate on the 2029 subordinated floating-rate notes varies quarterly based on 3-month term SOFR plus 253 basis points, which yielded 6.82% at June 30, 2025, and 6.84% at December 31, 2024.(3)The interest rate on the Webster Statutory Trust I floating-rate notes varies quarterly based on 3-month SOFR plus a credit spread adjustment plus a market spread of 2.95%, which yielded 7.52% at June 30, 2025, and 7.56% at December 31, 2024.(4)The classification of debt as long-term is based on the initial term of greater than one year as of the date of issuance.Additional information regarding the Company’s long-term debt can be found within Note 11: Borrowings in the Notes to Consolidated Financial Statements contained in Part II - Item 8. Financial Statements and Supplementary Data of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

62

Note 8: Stockholders’ Equity

The following table summarizes the changes in shares of preferred and common stock issued and common stock held as treasury shares:Preferred Stock Series F IssuedPreferred Stock Series G IssuedCommon Stock IssuedTreasury Stock HeldCommon Stock OutstandingBalance at March 31, 20256,000 135,000 182,778,045 14,183,769 168,594,276 Stock compensation plan activity (1)— — — (9,501)9,501 Common stock repurchase program— — — 1,520,514 (1,520,514)Balance at June 30, 20256,000 135,000 182,778,045 15,694,782 167,083,263 Balance at March 31, 20246,000 135,000 182,778,045 10,314,159 172,463,886 Stock compensation plan activity (1)— — — 87,634 (87,634)Common stock repurchase program— — — 974,365 (974,365)Balance at June 30, 20246,000 135,000 182,778,045 11,376,158