Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 97

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 97
---
CMBS629,3516.7 625,3886.9 Corporate debt437,9304.7 452,2665.0 Private label MBS39,1580.4 39,2190.4 Other9,2830.1 9,2050.1 Total available-for-sale$9,360,097100.0 %$9,006,600100.0 %Held-to-maturity:Agency CMO$19,0790.2 %$19,8470.2 %Agency MBS3,036,45736.6 3,109,41136.8 Agency CMBS4,332,66752.2 4,357,50551.6 Municipal bonds and notes (1)844,43110.2 891,90910.6 CMBS65,4020.8 65,6900.8 Total held-to-maturity$8,298,036100.0 %$8,444,362100.0 %Total investment securities$17,658,133$17,450,962

(1)The balances at March 31, 2025, and December 31, 2024, exclude the ACL recorded on held-to-maturity securities of $0.1 million and $0.2 million, respectively.

Available-for-sale securities increased $0.3 billion, or 3.9%, from $9.0 billion at December 31, 2024, to $9.3 billion at March 31, 2025, primarily due to purchases exceeding paydown activities, particularly across the Agency MBS, Agency CMBS, and CMBS categories. The average FTE yield on the available-for-sale portfolio was 4.67% for the three months ended March 31, 2025, as compared to 3.85% for the three months ended March 31, 2024. The 82 basis point increase is primarily due to higher yields on securities that were purchased over the past year, as compared to the yields on securities with paydown activities or that were sold.

At March 31, 2025, and December 31, 2024, gross unrealized losses on available-for-sale securities were $0.6 billion and $0.7 billion, respectively. The $0.1 billion decrease is primarily due