Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 153

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 153
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 and expenses during the reporting period. Actual results could differ from those estimates.Supplemental Cash Flow InformationThe following table summarizes supplemental disclosures of cash flow information and non-cash investing and financing activities:Six months ended June 30,(In thousands)20252024Supplemental disclosure of cash flow information:Interest paid$765,626 $811,338 Income taxes paid53,100 84,450 Non-cash investing and financing activities:Transfer of loans held for investment to foreclosed properties and repossessed assets$3,967 $1,925 Transfer of returned finance lease equipment to assets held for sale579 2,316 Transfer of loans held for investment to loans held for sale317,172 333,483 ROU lease assets obtained in exchange for operating lease liabilities28,437 8,259 Approved commitments to fund LIHTC investments 99,054 212,041 Acquisition of Ametros:Tangible assets acquired$— $256,957 Goodwill and other intangible assets— 417,085 Liabilities assumed (1)— 299,507 Forgiveness of long-term debt— 12,875 Pre-existing equity interest— 2,200 (1)Reflects the sum of the $293.7 million of liabilities assumed from Ametros and the $5.8 million liability assumed for the Seller’s transaction expenses, which was included as part of the purchase price consideration and paid by the Company at closing.

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Relevant Accounting Standards Issued But Not Yet AdoptedASU No. 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax DisclosuresIn December 2023, the FASB issued ASU No. 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax Disclosures, to provide more transparency about income tax information through improvements to income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. Specifically, the amendments in this Update require disclosure of: (i) a tabular reconciliation, using both percentages and reporting currency amounts, with prescribed categories that are required to be disclosed, and the separate disclosure and disaggregation of prescribed reconciling items with an effect equal to 5% or more of the amount determined by multiplying pre-tax income from continuing operations by the application statutory rate; (ii) a qualitative description of the states and local jurisdictions that make up the majority (greater than 50%) of the effect of