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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Balance Sheet Information by Segment

The following table presents certain balance sheet financial information for the Company’s reportable segments:

			At December 31, 2024
(In thousands)			Commercial Banking			Healthcare Financial Services			Consumer Banking									Corporate and Reconciling			Consolidated Total
Goodwill (1)			$	1,960,363		$	285,670		$	622,035								$	—		$	2,868,068
Total assets			43,010,580			488,194			12,932,260									22,594,039			79,025,073
			At December 31, 2023
(In thousands)			Commercial Banking			Healthcare Financial Services			Consumer Banking									Corporate and Reconciling			Consolidated Total
Goodwill (2)			$	1,951,945		$	57,485		$	622,035								$	—		$	2,631,465
Total assets			41,843,297			122,421			12,327,403									20,652,128			74,945,249

(1)The allocation of the purchase price for the Ametros acquisition was considered final at December 31, 2024. The $228.2 million of goodwill recorded related to Ametros was allocated entirely to Healthcare Financial Services.

(2)The allocation of the purchase price for the interLINK acquisition was considered final at June 30, 2023. The $143.2 million of goodwill recorded related to interLINK was allocated entirely to Commercial Banking.

The following tables present certain income statement information for the Company’s reportable segments:

			Year ended December 31, 2024
(In thousands)			Commercial Banking			Healthcare Financial Services			Consumer Banking						Totals
Net interest income			$	1,348,346		$	366,927		$	812,743					$	2,528,016
Non-interest income			143,104			110,207			113,638						366,949
Total segment revenues			1,491,450			477,134			926,381						2,894,965
Reconciliation of revenue:
Corporate and reconciling															(304,679)
Total consolidated revenues															2,590,286
Less:
Compensation and benefits			199,545			90,166			146,428
Occupancy (1)			—			—			56,102
Technology and equipment (1)			8,153			33,010			11,087
Marketing			—			—			7,835
Other segment items (2) (3)			210,769			90,913			249,950
Segment pre-tax, pre-provision net revenue			1,072,983			263,045			454,979						1,791,007
Reconciliation of pre-tax, pre-provision net revenue:
Corporate and reconciling															(552,000)
Total consolidated pre-tax, pre-provision net revenue															1,239,007
Total consolidated provision for credit losses															222,000
Total consolidated income before income taxes															1,017,007

(1)Occupancy and Technology and equipment include, in aggregate, depreciation expense of $0.2 million for Commercial Banking, $5.5 million for Healthcare Financial Services, and $9.5 million for Consumer Banking.

(2)Other segment items for each reportable segment includes:

•Commercial Banking--occupancy, marketing, outside professional services, loan workout expense, foreclosed property expense, other non-interest expense, allocated net operating costs, and allocated total support costs.

•Healthcare Financial Services--occupancy, marketing, outside professional services, other non-interest expense, allocated net operating costs, and allocated total support costs.

•Consumer Banking--outside professional services, loan workout expense, foreclosed property expense, other-non interest expense, allocated net operating costs, and allocated total support costs.

(3)Intangible assets amortization, which is a component of other non-interest expense presented in other segment items, was $9.3 million for Commercial Banking, $13.4 million for Healthcare Financial Services, and $8.3 million for Consumer Banking.

			Year ended December 31, 2023
(In thousands)			Commercial Banking			Healthcare Financial Services			Consumer Banking						Totals
Net interest income			$	1,436,616		$	302,856		$	898,898					$	2,638,370
Non-interest income			125,265			88,113			114,851						328,229
Total segment revenues			1,561,881			390,969			1,013,749						2,966,599
Reconciliation of revenue:
Corporate and reconciling															(314,993)
Total consolidated revenues															2,651,606
Less:
Compensation and benefits			178,289			84,072			139,203
Occupancy (1)			—			—			57,289
Technology and equipment (1)			7,944			27,860			9,998
Marketing			—			—			6,736
Other segment items (2) (3)			208,709			56,228			256,403
Segment pre-tax, pre-provision net revenue			1,166,939			222,809			544,120						1,933,868
Reconciliation of pre-tax, pre-provision net revenue:
Corporate and reconciling															(698,617)
Total consolidated pre-tax, pre-provision net revenue															1,235,251
Total consolidated provision for credit losses															150,747
Total consolidated income before income taxes															1,084,504

(1)Occupancy and Technology and equipment include, in aggregate, depreciation expense of $0.4 million for Commercial Banking, $4.5 million for Healthcare Financial Services, and $8.9 million for Consumer Banking.

(2)Other segment items for each reportable segment includes:

•Commercial Banking--occupancy, marketing, outside professional services, loan workout expense, foreclosed property expense, other non-interest expense, allocated net operating costs, and allocated total support costs.

•Healthcare Financial Services--occupancy, marketing, outside professional services, other non-interest expense, allocated net operating costs, and allocated total support costs.

•Consumer Banking--outside professional services, loan workout expense, foreclosed property expense, other-non interest expense, allocated net operating costs, and allocated total support costs.

(3)Intangible assets amortization, which is a component of other non-interest expense presented in other segment items, was $16.0 million for Commercial Banking, $4.7 million for Healthcare Financial Services, and $9.7 million for Consumer Banking.

			Year ended December 31, 2022
(In thousands)			Commercial Banking			Healthcare Financial Services			Consumer Banking						Totals
Net interest income			$	1,252,306		$	218,149		$	814,867					$	2,285,322
Non-interest income			164,044			104,586			127,084						395,714
Total segment revenues			1,416,350			322,735			941,951						2,681,036
Reconciliation of revenue:
Corporate and reconciling															(205,967)
Total consolidated revenues															2,475,069
Less:
Compensation and benefits			156,818			73,764			134,284
Occupancy (1)			—			—			55,393
Technology and equipment (1)			6,928			23,463			8,052
Marketing			—			—			3,916
Other segment items (2) (3)			199,097			54,102			259,745
Segment pre-tax, pre-provision net revenue			1,053,507			171,406			480,561						1,705,474
Reconciliation of pre-tax, pre-provision net revenue:
Corporate and reconciling															(626,878)
Total consolidated pre-tax, pre-provision net revenue															1,078,596
Total consolidated provision for credit losses															280,619
Total consolidated income before income taxes															797,977

(1)Occupancy and Technology and equipment include, in aggregate, depreciation expense of $0.5 million for Commercial Banking, $2.9 million for Healthcare Financial Services, and $7.4 million for Consumer Banking.

(2)Other segment items for each reportable segment includes:

•Commercial Banking--occupancy, marketing, outside professional services, loan workout expense, foreclosed property expense, other non-interest expense, allocated net operating costs, and allocated total support costs.

•Healthcare Financial Services--occupancy, marketing, outside professional services, other non-interest expense, allocated net operating costs, and allocated total support costs.

•Consumer Banking--outside professional services, loan workout expense, foreclosed property expense, other-non interest expense, allocated net operating costs, and allocated total support costs.

(3)Intangible assets amortization, which is a component of other non-interest expense presented in other segment items, was $16.9 million for Commercial Banking, $4.8 million for Healthcare Financial Services, and $10.3 million for Consumer Banking.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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