Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 127

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 127
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 in the Ametros acquisition included estimates related to discount rates, client attrition rates, an alternative cost of funds, and other relevant factors, which are inherently subjective. A description of the valuation methodologies used to estimate the fair values of the significant assets acquired and liabilities assumed in the Ametros acquisition can be found within Note 2: Business Developments in the Notes to Condensed Consolidated Financial Statements contained in Part I - Item 1. Financial Statements.

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ITEM 1. FINANCIAL STATEMENTS

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSMarch 31, 2025December 31, 2024(In thousands, except share and par value data)(Unaudited)Assets:Cash and due from banks$421,124 $388,060 Interest-bearing deposits2,091,152 1,686,374 Investment securities available-for-sale, at fair value (1)9,360,097 9,006,600 Investment securities held-to-maturity, net of allowance for credit losses of $109 and $171 (2)8,297,927 8,444,191 Loans held for sale (3)63,849 27,634 Loans and leases53,056,223 52,505,168 Allowance for credit losses on loans and leases(713,321)(689,566)Loans and leases, net52,342,902 51,815,602 Federal Home Loan Bank and Federal Reserve Bank stock350,702 321,343 Deferred tax assets, net249,395 316,856 Premises and equipment, net422,425 406,963 Goodwill2,868,068 2,868,068 Other intangible assets, net325,064 334,301 Cash surrender value of life insurance policies1,255,074 1,251,622 Accrued interest receivable and other assets2,231,971 2,157,459 Total assets$80,279,750 $79,025,073 Liabilities and stockholders’ equity:Deposits:Non-interest-bearing$10,139,131 $10,316,501 Interest-bearing55,436,098 54,436,579 Total deposits65,575,229 64,753,080 Securities sold under agreements to repurchase and federal funds purchased83