Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 198

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 198
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 investments that is classified as a VIE, the Company has determined that it is not the primary beneficiary due to its inability to direct the activities that most significantly impact economic performance. The aggregate carrying value of the Company’s other non-marketable investments was $237.2 million and $216.5 million at June 30, 2025, and December 31, 2024, respectively, which is included in Accrued interest receivable and other assets on the accompanying Condensed Consolidated Balance Sheets, and its maximum exposure to loss, including unfunded commitments, was $352.7 million and $332.8 million, respectively. Additional information regarding other non-marketable investments can be found within Note 14: Fair Value Measurements.

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Note 12: Earnings Per Common Share

The following table summarizes the calculation of basic and diluted earnings per common share: Three months ended June 30,Six months ended June 30,(In thousands, except per share data)2025202420252024Net income$258,848 $181,633 $485,765 $397,956 Less: Preferred stock dividends4,162 4,162 8,325 8,325   Income allocated to participating securities2,991 1,977 5,361 4,090 Net income applicable to common stockholders$251,695 $175,494 $472,079 $385,541 Weighted-average common shares outstanding - basic165,884 169,675 167,524 170,061 Add: Effect of dilutive stock options and restricted stock247 262 329 290 Weighted-average common shares - diluted166,131 169,937 167,853 170,351 Earnings per common share - basic$1.52 $1.03 $2.82 $2.27 Earnings per common share - diluted1.52 1.03 2.81 2.26 Earnings per common share is calculated under the two-class method in which all earnings, distributed and undistributed, are allocated to common stock and participating securities based on their respective rights to receive dividends. The Company may provide for the grant of stock options, restricted stock, performance-based restricted stock, and stock units to eligible employees and directors under its stock incentive plan. Holders of restricted stock are entitled to receive non-forfeitable dividends during the vesting period on a basis