Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 166

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 166
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-sale security that is in an unrealized loss position on a quarterly basis to determine whether the decline in fair value below the amortized cost basis is a result of any credit related factors. There was no ACL recorded on available-for-sale securities at September 30, 2025. At December 31, 2024, the ACL on available-for-sale securities was $0.9 million, which related to a single Corporate debt security. Each of the Company’s available-for-sale securities in an unrealized loss position at September 30, 2025 are investment grade, current as to principal and interest, and their price changes are consistent with interest and credit spreads when adjusting for duration, convexity, rating, and industry differences.Based on current market conditions and the Company’s targeted balance sheet composition strategy, the Company intends to hold its available-for-sale securities with unrealized loss positions through the anticipated recovery period. The issuers of these available-for-sale securities have not, to the Company’s knowledge, established any cause for default. Market prices are expected to approach par as the securities approach maturity.Contractual MaturitiesThe following table summarizes the amortized cost and fair value of available-for-sale securities by contractual maturity:September 30, 2025(In thousands)Amortized CostFair ValueMaturing within 1 year$615 $614 After 1 year through 5 years281,681 278,074 After 5 through 10 years860,712 827,777 After 10 years9,286,131 8,825,879 Total available-for-sale$10,429,139 $9,932,344 Available-for-sale securities that are not due at a single maturity date have been categorized based on the maturity date of the underlying collateral. Actual principal cash flows may differ from this categorization as borrowers have the right to prepay their obligations with or without prepayment penalties.Sales of Available-for Sale SecuritiesThe following table summarizes information related to sales of available-for-sales securities:Three months ended September 30,Nine months ended September 30,(In thousands)2025202420252024Proceeds from sales$— $284,698 $14,880 $1,538,030 Gross realized gains$— $— $332 $2,240 Gross realized losses (1)— (19,597)(112)(84,148)(1)For the three months and nine months ended September 30, 2024