Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 3

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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,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)Three months endedSix months ended June 30,June 30,(In thousands)2025202420252024Net income$258,848 $181,633 $485,765 $397,956 Other comprehensive income (loss), net of tax:Investment securities available-for-sale8,858 (9,809)105,439 (46,080)Derivative financial instruments2,004 (1,610)12,128 (31,599)Defined benefit pension and other postretirement benefit plans277 (379)554 351 Other comprehensive income (loss), net of tax11,139 (11,798)118,121 (77,328)Comprehensive income $269,987 $169,835 $603,886 $320,628 

See accompanying Notes to Condensed Consolidated Financial Statements.

35

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited)Three months ended June 30, 2025(In thousands, except per share data)Preferred StockCommonStockPaid-InCapitalRetainedEarningsTreasuryStock, at costAccumulated OtherComprehensive (Loss), Net