Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 145

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 145
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2024.

(2)Investment securities held-to-maturity had a fair value of $7,291,244 at June 30, 2025, and $7,453,123 and at December 31, 2024.

(3)Total loans held for sale includes residential mortgage loans valued under the fair value option of $75 at June 30, 2025, and $297 at December 31, 2024.

See accompanying Notes to Condensed Consolidated Financial Statements.

33

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

Three months endedSix months endedJune 30,June 30,(In thousands, except per share data)2025202420252024Interest Income:Interest and fees on loans and leases$775,203 $798,097 $1,530,320 $1,590,142 Taxable interest on investment securities190,600 150,588 377,715 285,659 Non-taxable interest on investment securities7,166 10,239 14,520 22,753 Loans held for sale7 5,593 22 5,675 Other interest and dividends27,611 11,769 51,497 23,907 Total interest income1,000,587 976,286 1,974,074 1,928,136 Interest Expense:Deposits339,738 361,263 666,121 697,234 Securities sold under agreements to repurchase and federal funds purchased218 1,114 1,894 3,222 Federal Home Loan Bank advances29,825 33,727 53,414 71,094 Long-term debt9,624 7,885 19,271 16,550 Total interest expense379,405 403,989 740,700 788,100 Net interest income621,182 572,297 1,233,374 1,140,036 Provision for credit losses46,500 59,000 124,000 104,500 Net interest income after provision for credit losses574,682 513,297 1,109,374 1,035,536 Non-interest Income:Deposit service fees40,934 41,027 79,829 83,616 Loan and lease related fees17,657