Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 7

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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Deferred income tax expense (benefit)31,347 (5,495)Stock-based compensation41,879 41,553 Depreciation and amortization of property and equipment and intangible assets54,693 52,628 Net (accretion) and amortization of interest-earning assets and borrowings(122,842)(59,789)Amortization of low-income housing tax credit investments89,834 63,844 Reduction of ROU lease assets22,943 23,910 Net (gain) loss on sale of investment securities(220)79,338 Originations of loans held for sale(6,762)(5,236)Proceeds from sale of loans held for sale7,031 6,660 Net loss on sale of factored receivables portfolio— 15,977 Net (gain) on sale of mortgage servicing rights— (11,655)(Increase) in cash surrender value of life insurance policies(24,699)(20,325)(Gain) from life insurance policies(3,042)(9,473)(Gain) on sale of alternative investments(6,705)— Other operating activities, net(6,224)(46,459)Net (increase) decrease in derivative contract assets and liabilities(172,080)(120,933)Net decrease in prepaid expenses and other assets16,167 198,151 Net (decrease) in accrued expenses and other liabilities(95,778)(439,153)Net cash provided by operating activities740,524 512,984 Investing Activities:Purchases of available-for-sale securities(1,423,863)(1,631,620)Proceeds from principal payments, maturities, and calls of available-for-sale securities821,757 608,524 Proceeds from sale of available-for-sale securities14,880 1,538,030 Purchases of held-to-maturity securities— (1,778,098)Proceeds from principal payments, maturities, and calls of held-to-maturity securities414,573 320,439 Net (increase) in Federal Home Loan Bank and Federal Reserve Bank stock(18,888)(33,913)Alternative investments (capital calls), net of returns of capital(205,682)(16,735)Proceeds from sales of alternative investments10,840 — Net (increase) in loans(3,020,789)(1,982,260)Proceeds from sale