Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 140

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 140
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 FRB capital stock investment is restricted as there is no market for it, and it can only be redeemed by the FRB. The Bank held FRB capital stock of $230.9 million and $229.6 million at September 30, 2025, and December 31, 2024, respectively. The most recent FRB semi-annual cash dividend was paid on June 30, 2025, in an amount equal to an annual yield of 4.42%.

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Uses of Funds. The Company enters into various contractual obligations in the normal course of business that require future cash payments and that could impact its short-term and long-term liquidity and capital resource needs. The following table summarizes significant fixed and determinable contractual obligations at September 30, 2025. The actual timing and amounts of future cash payments may differ from the amounts presented. Based on the Company’s current liquidity position, it is expected that our sources of funds will be sufficient to fulfill these obligations when they come due.

  Payments Due by Period (1)(In thousands)20252026202720282029ThereafterTotalSenior notes$— $— $— $— $300,000 $— $300,000 Subordinated notes (2)— — — — 274,000 575,000 849,000 Junior subordinated debt— — — — — 77,320 77,320 FHLB advances2,430,000 120,000 206 204 622 9,785 2,560,817 Securities sold under agreements to repurchase101,717 — — — — — 101,717 Time deposits4,185,109 3,287,469 41,806 20,409 16,908 24,112 7,575,813 Operating lease liabilities6,649 39,000 35,677 33,731 29,642 96,668 241,367 Royalty liabilities250 1,000 1,000 1,000 1,000 4,887 9,137 Total contractual obligations$6,723,725 $3,447,469 $78,689 $55,344 $622,172 $787,772 $11,715,171 

(1)Interest payments on borrowings and obligations arising from