Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 35

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 of period$2,868,068 $2,631,465 Ametros acquisition (1)— 236,603 Balance, end of period$2,868,068 $2,868,068 (1)Reflects the $228.2 million of goodwill recorded in connection with the Ametros acquisition in January 2024, and $8.4 million of other adjustments. The allocation of the purchase price and goodwill calculation for the Ametros acquisition was considered final as of December 31, 2024.Information regarding goodwill by reportable segment can be found within Note 15: Segment Reporting.Other Intangible AssetsThe following table summarizes other intangible assets: March 31, 2025December 31, 2024(In thousands)Gross CarryingAmountAccumulatedAmortizationNet CarryingAmountGross CarryingAmountAccumulatedAmortizationNet CarryingAmountCore deposits$328,837 $82,210 $246,627 $328,837 $76,795 $252,042 Customer relationships122,063 50,503 71,560 122,063 47,186 74,877 Non-competition agreement 4,000 1,800 2,200 4,000 1,600 2,400 Trade name6,100 1,423 4,677 6,100 1,118 4,982 Total other intangible assets$461,000 $135,936 $325,064 $461,000 $126,699 $334,301 The remaining estimated aggregate future amortization expense for other intangible assets is as follows:(In thousands)March 31,2025Remainder of 2025$26,814 202634,083 202733,033 202830,162 202928,289 Thereafter172,683 

51

Note 6: Deposits

The following table summarizes deposits by type:(In thousands)March 31,2025December 31,2024Non-interest-bearing:Demand$10,139,131 $10,316,501 Interest-bearing:Health savings accounts9,180,889 8,951,031 Checking9,741,569 9,834,790 Money market21,517,733 20,433,250 Savings7,473,515 6,