Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 0

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. FINANCIAL STATEMENTS

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSJune 30, 2025December 31, 2024(In thousands, except par value and share data)(Unaudited)Assets:Cash and due from banks$425,349 $388,060 Interest-bearing deposits2,568,570 1,686,374 Investment securities available-for-sale, at fair value (1)9,620,354 9,006,600 Investment securities held-to-maturity, net of allowance for credit losses of $102 and $171 (2)8,192,720 8,444,191 Loans held for sale (3)278,409 27,634 Loans and leases53,671,959 52,505,168 Allowance for credit losses on loans and leases(722,046)(689,566)Loans and leases, net52,949,913 51,815,602 Federal Home Loan Bank and Federal Reserve Bank stock370,272 321,343 Deferred tax assets, net252,442 316,856 Premises and equipment, net422,774 406,963 Goodwill2,868,068 2,868,068 Other intangible assets, net315,971 334,301 Cash surrender value of life insurance policies1,262,311 1,251,622 Accrued interest receivable and other assets2,387,117 2,157,459 Total assets$81,914,270 $79,025,073 Liabilities and stockholders’ equity:Deposits:Non-interest-bearing$10,345,761 $10,316,501 Interest-bearing55,968,664 54,436,579 Total deposits66,314,425 64,753,080 Securities sold under agreements to repurchase and federal funds purchased372,806 344,168 Federal Home Loan Bank advances3,339,914 2,110,108 Long-term debt905,634 909,185 Accrued expenses and other liabilities1,643,874 1,775,318 Total liabilities72,576,653 69,891,859 Stockholders’ equity:Preferred stock, $0.01 par value: Authorized—3,000,000 shares;Series F