Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 3

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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555 47,027 52,843 Other expense33,755 36,376 97,279 104,616 Total non-interest expense356,669 348,958 1,046,027 1,010,902 Income before income taxes331,904 244,666 939,183 759,909 Income tax expense70,687 51,681 192,201 168,968 Net income261,217 192,985 746,982 590,941 Preferred stock dividends4,162 4,162 12,487 12,487 Income allocated to participating securities3,004 2,024 8,339 6,136 Net income applicable to common stockholders$254,051 $186,799 $726,156 $572,318 Earnings per common share:Basic$1.55 $1.10 $4.36 $3.37 Diluted1.54 1.10 4.36 3.36 

See accompanying Notes to Condensed Consolidated Financial Statements.

34

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)Three months endedNine months ended September 30,September 30,(In thousands)2025202420252024Net income$261,217 $192,985 $746,982 $590,941 Other comprehensive income, net of tax:Investment securities available-for-sale52,180 208,516 157,619 162,436 Derivative financial instruments813 46,059 12,941 14,460 Defined benefit pension and other postretirement benefit plans277 81 831 432 Other comprehensive income, net of tax53,270 254,656 171,391 177,328 Comprehensive income $314,487 $447,641 $918,373 $768,269 

See accompanying Notes to Condensed Consolidated Financial Statements.

35

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited)Three months ended September 30, 2025(In thousands, except per share data)Preferred StockCommonStockPaid-InCapitalRetainedEarningsTreasuryStock, at costAccum