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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting

Schedule of information about the General Banking Unit


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
(Dollars in thousands)		2025			2024			2025			2024
Net Income (GAAP)
Interest income		$	881,682		$	544,178		$	2,530,752		$	1,592,557
Interest expense			281,985			192,698			808,560			546,882
Net interest income (a)			599,697			351,480			1,722,192			1,045,675
Provision (recover) for credit losses			5,085			(6,971)			113,152			9,604
Net interest income after provision for credit losses			594,612			358,451			1,609,040			1,036,071
Total noninterest income
Securities losses, net			—			—			(228,811)			—
Gain on sale-leaseback, net of transaction costs			—			—			229,279			—
Other operating noninterest income			99,086			74,934			271,523			221,717
Total noninterest income			99,086			74,934			271,991			221,717
Total noninterest expense
Employee salaries			136,630			107,363			408,253			317,503
Employee commissions			15,656			10,781			41,210			32,142
Employee incentives			32,612			24,070			95,001			72,422
Other salaries and benefits			34,957			23,441			108,275			77,649
Deferred loan costs			(20,707)			(14,790)			(57,618)			(46,963)
Salaries and employee benefits			199,148			150,865			595,121			452,753
Occupancy expense			40,874			22,242			117,874			67,272
Information services expense			28,988			23,280			90,505			68,777
Professional fees			4,994			4,017			14,361			11,038
Amortization of intangibles			23,426			5,327			71,305			17,069
Business development and staff related			8,907			5,542			22,600			17,006
FDIC assessment and other regulatory charges			8,374			7,482			31,101			23,787
Merger and branch consolidation related expense			20,889			3,303			113,274			13,602
FDIC special assessment			—			—			—			4,473
Other operating expense			36,742			24,789			100,088			69,107
Total noninterest expense			372,342			246,847			1,156,229			744,884
Income before income tax provision			321,356			186,538			724,802			512,904
Income tax provision			74,715			43,359			173,857			122,299
Net income (GAAP)		$	246,641		$	143,179		$	550,945		$	390,605

Net Interest Margin, Non-Tax Equivalent ("Non-TE") (GAAP)
Average interest earning assets (b)		$	58,727,110		$	41,223,980		$	57,982,690		$	40,965,220
Net interest margin, non-TE ((a)/(b)) (GAAP)			4.05%			3.39%			3.97%			3.41%