Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 46

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 with Rule 10b5-1 of the SEC, subject to the availability and trading price of stock, general market conditions, alternative uses for capital, regulatory considerations, and the Company’s financial performance. On April 30, 2025, the Board of Directors increased the Company’s authority to repurchase shares of Webster common stock under the repurchase program by $700.0 million. During the three and six months ended June 30, 2025, the Company repurchased 1,520,514 and 5,089,968 shares, respectively, under the repurchase program at a weighted-average price of $51.70 and $51.00 per share, respectively, totaling $78.6 million and $259.6 million, respectively. At June 30, 2025, the Company’s remaining repurchase authority was $668.4 million.Preferred StockInformation regarding the Company’s preferred stock can be found within Note 12: Stockholders’ Equity in the Notes to Consolidated Financial Statements contained in Part II - Item 8. Financial Statements and Supplementary Data of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

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Note 9: Accumulated Other Comprehensive (Loss), Net of Tax

The following tables summarize the change in each component of accumulated other comprehensive (loss), net of the related tax impact:Three months ended June 30, 2025Six months ended June 30, 2025(In thousands)Investment Securities Available-for-SaleDerivative Financial InstrumentsDefined Benefit Pension and Other Postretirement Benefit PlansTotalInvestment Securities Available-for-SaleDerivative Financial InstrumentsDefined Benefit Pension and Other Postretirement Benefit PlansTotalBalance, beginning of period$(423,737)$524 $(26,188)$(449,401)$(520,318)$(9,600)$(26,465)$(556,383)Other comprehensive income before reclassifications8,858 44 — 8,902 105,824 7,796 — 113,620 Amounts reclassified from accumulated other comprehensive (loss) income— 1,960 277 2,237 (385)4,332 554 4,501 Other comprehensive income, net of tax8,858 2,004 277 11,139 105,439 12,128 554 118,121 Balance, end of period$(414,879)$2