Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 92

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 92
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11.03 %11.22 %

3

Three months ended September 30,Nine months ended September 30,(Dollars in thousands)2025202420252024Return on average tangible common stockholders’ equity:Net income$261,217 $192,985 $746,982 $590,941 Less: Preferred stock dividends4,162 4,162 12,487 12,487 Add: Intangible assets amortization, tax-effected6,534 6,708 19,893 20,857 Adjusted net income$263,589 $195,531 $754,388 $599,311 Adjusted net income (annualized)$1,054,356 $782,124 $1,005,851 $799,081 Average stockholders’ equity$9,440,148 $8,995,134 $9,327,030 $8,830,225 Less: Average preferred stock283,979 283,979 283,979 283,979  Average goodwill and other intangible assets3,180,111 3,238,115 3,188,994 3,192,104 Average tangible common stockholders’ equity$5,976,058 $5,473,040 $5,854,057 $5,354,142 Return on average tangible common stockholders’ equity (annualized)17.64 %14.29 %17.18 %14.92 %Return on average common stockholders’ equity (annualized) (GAAP)11.23 %8.67 %10.83 %9.02 %Efficiency ratio:Non-interest expense$356,669 $348,958 $1,046,027 $1,010,902 Less: Foreclosed property activity1,535 (687)2,593 (1,381)Intangible assets amortization8,966 8,491 27,296 26,401 Operating lease depreciation3 197 28 1,420 FDIC special assessment— (1,544)— 10,318 Ametros acquisition expenses— — — 3,139 Strategic restructuring costs and other (1)— 22,169 — 22,169 Adjusted non-interest expense$346,165 $320,332