Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 146

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 146
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 19,334 35,278 39,101 Wealth and investment services7,779 8,556 15,568 16,480 Cash surrender value of life insurance policies9,172 6,359 17,164 12,305 Gain (loss) on sale of investment securities, net — (49,915)220 (59,741)Other income19,115 16,937 39,204 49,890 Total non-interest income94,657 42,298 187,263 141,651 Non-interest Expense:Compensation and benefits199,930 186,850 398,575 375,390 Occupancy19,337 15,103 39,054 34,542 Technology and equipment45,932 45,303 93,651 91,139 Intangible assets amortization9,093 8,716 18,330 17,910 Marketing5,171 4,107 9,198 8,388 Professional and outside services18,394 14,066 35,620 27,047 Deposit insurance15,061 15,065 31,406 39,288 Other expense32,796 36,811 63,524 68,240 Total non-interest expense345,714 326,021 689,358 661,944 Income before income taxes323,625 229,574 607,279 515,243 Income tax expense64,777 47,941 121,514 117,287 Net income258,848 181,633 485,765 397,956 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 Earnings per common share:Basic$1.52 $1.03 $2.82 $2.27 Diluted1.52 1.03 2.81 2.26 

See accompanying Notes to Condensed Consolidated Financial Statements.

34

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)