Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 71

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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4(In thousands)CarryingAmountFairValueCarryingAmountFairValueAssets:Level 1Cash and cash equivalents$3,062,481 $3,062,481 $2,074,434 $2,074,434 Level 2Held-to-maturity investment securities, net8,077,505 7,240,887 8,444,191 7,453,123 Level 3Loans and leases, net54,324,184 52,908,769 51,815,602 50,245,305 Liabilities:Level 2Deposit liabilities$60,599,831 $60,599,831 $56,518,126 $56,518,126 Time deposits7,575,813 7,558,380 8,234,954 8,211,582 Securities sold under agreements to repurchase and federal funds purchased101,717 101,706 344,168 344,166 FHLB advances2,560,817 2,558,637 2,110,108 2,107,790 Long-term debt (1)1,249,612 1,298,311 909,185 860,200 (1)Any unamortized premiums/discounts, debt issuance costs, or basis adjustments to long-term debt, as applicable, are excluded from the determination of fair value.

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Note 15: Segment Reporting

The Company’s operations are organized into three reportable segments that represent its differentiated lines of business: Commercial Banking, Healthcare Financial Services, and Consumer Banking. The Company’s CODM is the Chairman and Chief Executive Officer. The CODM uses income before income taxes and the provision for credit losses, referred to as PPNR, to allocate resources, including financial and capital resources, employees, and property, for each segment predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a monthly basis when making decisions about allocating resources to the segments. The CODM also uses PPNR to assess the performance of each segment and in the compensation of certain employees.Commercial Banking delivers financial solutions both nationally and regionally to a wide range of companies, investors, government entities, and other public and private institutions. Commercial Banking helps its clients achieve their business and financial goals with expertise in Commercial & Institutional Lending, Commercial Real Estate, Capital Markets, Capital Finance, and Treasury Management. Its