Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 198

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 198
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$(8,692)$(34,182)Interest and fees on loans and leasesHedge terminations— — — (34)Long-term debt interest expensePremium amortization— (44)— (533)Interest and fees on loans and leasesTax benefit745 3,283 2,357 9,347 Income tax expenseNet of tax$(2,003)$(8,821)$(6,335)$(25,402)Defined benefit pension and other postretirement benefit plans:Actuarial net loss amortization$(380)$(587)$(1,140)$(1,902)Other expenseTax benefit103 159 309 516 Income tax expenseNet of tax$(277)$(428)$(831)$(1,386)(1)Reclassification adjustments for net unrealized gains (losses) on investment securities available-for-sale that were sold during the reporting period are determined by reference to the unrealized gain or loss reported in the previous reporting period.(2)Gains and losses realized on sale of investment securities available-for-sale are generally included as a component of non-interest income on the accompanying Condensed Consolidated Statements of Income unless any portion or all of the loss is due to credit related factors, in which the amount is then included in the Provision for credit losses. Additional information regarding the presentation of gains and losses realized on sale of investment securities available-for-sale for the three and nine months ended September 30, 2025, and 2024, respectively, can be found within Note 3: Investment Securities.(3)Over the next 12 months, an estimated $(2.4) million related to cash flow hedge gain or loss will be reclassified from AOCL, increasing Interest and fees on loans and leases as hedge interest payments are made.

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Note 10: Regulatory Capital and Restrictions

Regulatory Capital RequirementsThe Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory actions by regulators that could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and/or the regulatory framework for prompt corrective action (applies to the Bank only), both the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated pursuant to regulatory directives. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.Quant