Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 128

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 128
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,395 344,168 Federal Home Loan Bank advances2,910,011 2,110,108 Long-term debt907,410 909,185 Accrued expenses and other liabilities1,599,551 1,775,318 Total liabilities71,075,596 69,891,859 Stockholders’ equity:Preferred stock, $0.01 par value: Authorized—3,000,000 shares;Series F issued and outstanding—6,000 shares145,037 145,037 Series G issued and outstanding—135,000 shares138,942 138,942 Common stock, $0.01 par value: Authorized—400,000,000 shares;Issued—182,778,045 shares; Outstanding—168,594,276 and 171,391,125 shares1,828 1,828 Paid-in capital6,140,885 6,181,475 Retained earnings3,913,169 3,759,158 Treasury stock, at cost—14,183,769 and 11,386,920 shares(686,306)(536,843)Accumulated other comprehensive (loss), net of tax(449,401)(556,383)Total stockholders’ equity9,204,154 9,133,214 Total liabilities and stockholders’ equity$80,279,750 $79,025,073 

(1)Investment securities available-for-sale had an amortized cost basis of $9,941,377 at March 31, 2025, and $9,720,415 at December 31, 2024.

(2)Investment securities held-to-maturity had a fair value of $7,404,724 at March 31, 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 $688 at March 31, 2025, and $297 at December 31, 2024.

See accompanying Notes to Condensed Consolidated Financial Statements.

28

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

Three months endedMarch 31,(In thousands, except per share data)20252024Interest Income:Interest and fees on loans and leases$755,117 $792,045