Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 196

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 196
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 the Board of Directors on October 24, 2017, that permits management to repurchase shares of Webster common stock in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the SEC, subject to the availability and trading price of stock, general market conditions, alternative uses for capital, regulatory considerations, and the Company’s financial performance. On April 30, 2025, the Board of Directors increased the Company’s authority to repurchase shares of Webster common stock under the repurchase program by $700.0 million. During the three and nine months ended September 30, 2025, the Company repurchased 2,231,026 and 7,320,994 shares, respectively, under the repurchase program at a weighted-average price of $58.17 and $53.19 per share, respectively, totaling $129.8 million and $389.4 million, respectively. At September 30, 2025, the Company’s remaining repurchase authority was $538.6 million.Preferred StockInformation regarding the Company’s preferred stock can be found within Note 12: Stockholders’ Equity 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.

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Note 9: Accumulated Other Comprehensive (Loss), Net of Tax

The following tables summarize the change in each component of accumulated other comprehensive (loss), net of the related tax impact:Three months ended September 30, 2025Nine months ended September 30, 2025(In thousands)Investment Securities Available-for-SaleDerivative Financial InstrumentsDefined Benefit Pension and Other Postretirement Benefit PlansTotalInvestment Securities Available-for-SaleDerivative Financial InstrumentsDefined Benefit Pension and Other Postretirement Benefit PlansTotalBalance, beginning of period$(414,879)$2,528 $(25,911)$(438,262)$(520,318)$(9,600)$(26,465)$(556,383)Other comprehensive income (loss) before reclassifications52,180 (1,190)— 50,990 158,004 6,606 — 164,610 Amounts reclassified from accumulated other comprehensive (loss) income— 2,003 277 2,280 (385)6,