Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 57

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 predicted with reasonable certainty. For each of these alternative investments that is classified as a VIE, the Company has determined that it is not the primary beneficiary due to its inability to direct the activities that most significantly impact economic performance. The aggregate carrying value of the Company’s other non-marketable investments was $246.9 million and $216.5 million at September 30, 2025, and December 31, 2024, respectively, which is included in Accrued interest receivable and other assets on the accompanying Condensed Consolidated Balance Sheets, and its maximum exposure to loss, including unfunded commitments, was $374.3 million and $332.8 million, respectively. Additional information regarding other non-marketable investments can be found within Note 14: Fair Value Measurements.

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Note 12: Earnings Per Common Share

The following table summarizes the calculation of basic and diluted earnings per common share: Three months ended September 30,Nine months ended September 30,(In thousands, except per share data)2025202420252024Net income$261,217 $192,985 $746,982 $590,941 Less: 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 Weighted-average common shares outstanding - basic164,138 169,569 166,386 169,898 Add: Effect of dilutive stock options and restricted stock318 325 352 328 Weighted-average common shares - diluted164,456 169,894 166,738 170,226 Earnings per common share - basic$1.55 $1.10 $4.36 $3.37 Earnings per common share - diluted1.54 1.10 4.36 3.36 Earnings per common share is calculated under the two-class method in which all earnings, distributed and undistributed, are allocated to common stock and participating securities based on their respective rights to receive dividends. The Company may provide for the grant of stock options, restricted stock, performance-based restricted stock, and stock units to eligible employees and directors under its stock incentive plan. Holders of restricted stock are entitled to receive non-forfe