Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 120

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 120
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-annual cash dividend was paid on December 31, 2024, in an amount equal to an annual yield of 4.24%.

Uses of Funds. The Company enters into various contractual obligations in the normal course of business that require future cash payments and that could impact its short-term and long-term liquidity and capital resource needs. The following table summarizes significant fixed and determinable contractual obligations at March 31, 2025. The actual timing and amounts of future cash payments may differ from the amounts presented. Based on the Company’s current liquidity position, it is expected that our sources of funds will be sufficient to fulfill these obligations when they come due.  Payments Due by Period (1)(In thousands)20252026202720282029ThereafterTotalSenior notes$— $— $— $— $300,000 $— $300,000 Subordinated notes— — — — 274,000 225,000 499,000 Junior subordinated debt— — — — — 77,320 77,320 FHLB advances2,900,000 — 214 211 636 8,950 2,910,011 Securities sold under agreements to repurchase83,395 — — — — — 83,395 Time deposits6,765,026 670,820 37,100 18,951 18,312 12,183 7,522,392 Operating lease liabilities26,320 38,283 34,206 31,811 27,686 86,380 244,686 Contingent consideration (2)12,707 — — — — — 12,707 Royalty liabilities750 1,000 1,000 1,000 1,000 4,750 9,500 Purchase obligations (3)103,240 70,601 41,720 23,236 19,890 10,522 269,209 Total contractual obligations$9,891,438 $780,704 $114,240 $75,209 $641,524 $425,105 $11,928,220 

(1)Interest payments on borrowings have been excluded.

(2)The Company settled $12.5 million of its total contingent consideration obligation in April 2025. Additional information