Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 129

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 129
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 Taxable interest on investment securities187,115 135,071 Non-taxable interest on investment securities7,354 12,514 Loans held for sale15 82 Other interest and dividends23,886 12,138 Total interest income973,487 951,850 Interest Expense:Deposits326,383 335,971 Securities sold under agreements to repurchase and federal funds purchased1,676 2,108 Federal Home Loan Bank advances23,589 37,367 Long-term debt9,647 8,665 Total interest expense361,295 384,111 Net interest income612,192 567,739 Provision for credit losses77,500 45,500 Net interest income after provision for credit losses534,692 522,239 Non-interest Income:Deposit service fees38,895 42,589 Loan and lease related fees17,621 19,767 Wealth and investment services7,789 7,924 Cash surrender value of life insurance policies7,992 5,946 Gain (loss) on sale of investment securities, net 220 (9,826)Other income20,089 32,953 Total non-interest income92,606 99,353 Non-interest Expense:Compensation and benefits198,645 188,540 Occupancy19,717 19,439 Technology and equipment47,719 45,836 Intangible assets amortization9,237 9,194 Marketing4,027 4,281 Professional and outside services17,226 12,981 Deposit insurance16,345 24,223 Other expense30,728 31,429 Total non-interest expense343,644 335,923 Income before income taxes283,654 285,669 Income tax expense56,737 69,346 Net income226,917 216,323 Preferred stock dividends4,163 4,163 Income allocated to participating securities2,387 2,101 Net income applicable to common stockholders$220,367 $210,059 Earnings per common share:Basic$1.30 $1.23 Diluted1.30 1.23 

See accompanying Notes to Condensed Consolidated Financial Statements.

29

WEBSTER FINANCIAL CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENS