For the year ending 2025-12-31, WBS-PF had $375,091K increase in cash & cash equivalents over the period. $1,008,570K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Income before income taxes and equity in undistributed earnings of subsidiaries | - | - | 1,084,504 | 797,977 |
| Income tax benefit | - | - | 216,664 | 153,694 |
| Net income | 1,002,802 | 768,707 | 867,840 | 644,283 |
| Provision for credit losses | 210,000 | 222,000 | 150,747 | 280,619 |
| Deferred income tax expense (benefit) | 47,588 | 18,183 | -53,634 | -69,664 |
| Stock-based compensation | 56,823 | 55,141 | 54,087 | 54,099 |
| Common stock contribution to charitable foundation | - | 0 | 0 | -10,500 |
| Depreciation and amortization of property and equipment and intangible assets | 73,346 | 71,531 | 76,490 | 81,800 |
| Net (accretion) and amortization of interest-earning assets and borrowings | 165,552 | 95,281 | 23,267 | 26,215 |
| Amortization of low-income housing tax credit investments | 115,274 | 80,902 | 71,775 | 44,208 |
| Amortization of mortgage servicing rights | - | - | 1,063 | 870 |
| Reduction of rou lease assets | -29,960 | -31,275 | -30,616 | -56,783 |
| Gain on sale, net of write-down, on foreclosed and repossessed assets | - | - | 337 | 1,130 |
| Loss (gain) on sale, net of write-down, on premises and equipment | - | - | -4,020 | -8,293 |
| Net (gain) loss on sale of investment securities | 220 | -136,224 | -33,620 | -6,751 |
| Originations of loans held for sale | 9,843 | 6,806 | 13,319 | 33,107 |
| Proceeds from sale of loans held for sale | 8,068 | 8,310 | 13,882 | 36,335 |
| Net loss on sale of factored receivables portfolio | 0 | 15,977 | - | - |
| Net (gain) on sale of mortgage servicing rights | 0 | 11,655 | 1,126 | 580 |
| Net (gain) on sale of loans not originated for sale | - | - | 860 | 3,322 |
| (increase) in cash surrender value of life insurance policies | 33,219 | 27,712 | 26,228 | 29,237 |
| (gain) from life insurance policies | 4,777 | 14,065 | 3,566 | 6,311 |
| (gain) on extinguishment of long-term debt | 9,767 | - | - | - |
| (gain) on sale of alternative investments | 8,806 | 14,763 | - | - |
| Other operating activities, net | -16,042 | -15,998 | - | - |
| Net decrease (increase) in loans held for sale | -3 | 49,566 | - | - |
| Net (increase) decrease in derivative contract assets and liabilities | 185,003 | -20,526 | 73,295 | -536,820 |
| Net decrease (increase) in prepaid expenses and other assets | -37,177 | -246,752 | 13,774 | 106,740 |
| Net (decrease) in accrued expenses and other liabilities | -89,676 | -35,382 | -116,085 | -149,103 |
| Net cash provided by operating activities | 1,058,136 | 1,404,300 | 978,649 | 1,335,952 |
| Purchases of available-for-sale investment securities | 1,990,902 | 3,202,766 | 2,372,249 | 1,099,810 |
| Proceeds from principal payments, maturities, and calls of available-for-sale investment securities | 1,292,532 | 892,965 | 591,207 | 754,545 |
| Proceeds from sale of available-for-sale investment securities | 14,880 | 2,142,462 | 789,603 | 172,947 |
| Purchases of held-to-maturity investment securities | 0 | 1,778,098 | 891,761 | 1,150,023 |
| Proceeds from principal payments, maturities, and calls of held-to-maturity investment securities | 538,566 | 457,433 | 390,073 | 750,752 |
| Net (increase) decrease in federal home loan bank and federal reserve bank stock | 35,068 | -5,539 | -119,018 | 223,562 |
| Alternative investments (capital calls), net of returns of capital | 293,451 | 160,062 | 27,430 | 24,887 |
| Proceeds from sales of alternative investments | 13,441 | 19,588 | - | - |
| Net (increase) in loans | 4,632,549 | 2,488,796 | 1,653,257 | 7,501,545 |
| Proceeds from sale of loans not originated for sale | 400,017 | 569,538 | 625,968 | 679,693 |
| Proceeds from sale of mortgage servicing rights | 0 | 18,588 | - | - |
| Proceeds from sale of foreclosed properties and repossessed assets | 2,055 | 8,526 | 4,033 | 2,568 |
| Proceeds from sale of property and equipment | 4,337 | 6,769 | 6,894 | 300 |
| Purchases of property and equipment | 49,566 | 35,844 | 40,303 | 28,762 |
| Proceeds from life insurance policies | 18,574 | 34,358 | 20,098 | 21,893 |
| Cash paid for acquisitions of hsa deposits | 6,428 | - | - | - |
| Net cash paid for acquisition-Secure Save | 24,401 | - | - | - |
| Net cash paid for acquisition-Ametros | 0 | 359,460 | - | - |
| Net cash paid for acquisition-Inter LINK | 0 | 0 | 157,646 | - |
| Payments to acquire businesses, net of cash acquired | - | - | - | 54,407 |
| Net cash paid for acquisition-Bend Financial Inc | - | 0 | 0 | - |
| Net (increase) decrease in interest-bearing deposits | - | - | - | 513,960 |
| Net cash received in merger with sterling-Sterling | - | 0 | 0 | - |
| Net cash (used in) investing activities | -4,747,963 | -3,869,260 | -2,595,752 | -7,186,338 |
| Net increase in deposits | 4,006,261 | 3,697,887 | 6,721,028 | 936,001 |
| Proceeds from federal home loan bank advances | - | - | - | 27,450,000 |
| Repayments of federal home loan bank advances | - | - | - | 22,000,445 |
| Net increase (decrease) in federal home loan bank advances | 870,610 | -249,910 | -3,100,534 | - |
| Proceeds from extinguishment of borrowings | - | 0 | 0 | 2,548 |
| Net increase (decrease) in securities sold under agreements to repurchase and federal funds purchased | 252,570 | -114,219 | -693,443 | 447,202 |
| Repayment of long-term debt | 499,000 | 132,550 | 16,752 | - |
| Proceeds from the issuance of long-term debt | 347,389 | - | - | - |
| Debt issuance costs | 1,636 | - | - | - |
| Payment of contingent consideration | 11,447 | 4,050 | - | - |
| Dividends paid to common stockholders | 266,830 | 274,545 | 278,155 | 247,767 |
| Dividends paid to preferred stockholders | 16,650 | 16,650 | 16,650 | 13,725 |
| Exercise of stock options | 67 | 254 | 1,723 | 703 |
| Common stock repurchase program | 593,654 | 65,403 | 107,984 | 322,103 |
| Common shares acquired related to stock compensation plan activity | 22,762 | 17,215 | 16,278 | 23,655 |
| Net cash (used in) financing activities | 4,064,918 | 2,823,599 | 2,492,955 | 6,228,759 |
| Net (decrease) increase in cash and cash equivalents | 375,091 | 358,639 | 875,852 | 378,373 |
| Cash and cash equivalents, beginning of period | 2,074,434 | 1,715,795 | 839,943 | 461,570 |
| Cash and cash equivalents, at end of period | 2,449,525 | 2,074,434 | 1,715,795 | 839,943 |
WEBSTER FINANCIAL CORP (WBS-PF)
WEBSTER FINANCIAL CORP (WBS-PF)