Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Summary of Revenues From Contracts With Customers

The following tables summarize revenues recognized in accordance with ASC Topic 606, Revenue from Contracts with Customers. These disaggregated amounts, together with sources of other non-interest income that are subject to other GAAP topics, have been reconciled to non-interest income by reportable segment as presented within Note 21: Segment Reporting.


	Year ended December 31, 2024
(In thousands)	Commercial Banking		Healthcare Financial Services		Consumer Banking		Corporate and Reconciling		Consolidated Total
Non-interest Income:
Deposit service fees	$	19,904	$	78,211	$	63,591	$	(562)	$	161,144
Loan and lease related fees (1)	14,170		—		—		—		14,170
Wealth and investment services (2)	13,122		—		20,133		(21)		33,234
Other (3) (4)	—		31,996		1,067		4,088		37,151
Revenue from contracts with customers	47,196		110,207		84,791		3,505		245,699
Other sources of non-interest income	95,908		—		28,847		(118,555)		6,200
Total non-interest income	$	143,104	$	110,207	$	113,638	$	(115,050)	$	251,899


	Year ended December 31, 2023
(In thousands)	Commercial Banking		Healthcare Financial Services		Consumer Banking		Corporate and Reconciling		Consolidated Total
Non-interest Income:
Deposit service fees	$	15,987	$	81,051	$	71,539	$	741	$	169,318
Loan and lease related fees (1)	17,633		—		—		—		17,633
Wealth and investment services (2)	11,544		—		17,477		(22)		28,999
Other (3)	—		7,062		6,199		4,193		17,454
Revenue from contracts with customers	45,164		88,113		95,215		4,912		233,404
Other sources of non-interest income	80,101		—		19,636		(18,804)		80,933
Total non-interest income	$	125,265	$	88,113	$	114,851	$	(13,892)	$	314,337


	Year ended December 31, 2022
(In thousands)	Commercial Banking		Healthcare Financial Services		Consumer Banking		Corporate and Reconciling		Consolidated Total
Non-interest Income:
Deposit service fees	$	23,449	$	97,654	$	75,567	$	1,802	$	198,472
Loan and lease related fees (1)	21,498		—		—		—		21,498
Wealth and investment services	11,350		—		28,957		(30)		40,277
Other	—		6,932		1,493		—		8,425
Revenue from contracts with customers	56,297		104,586		106,017		1,772		268,672
Other sources of non-interest income	107,747		—		21,067		43,297		172,111
Total non-interest income	$	164,044	$	104,586	$	127,084	$	45,069	$	440,783

(1)A portion of loan and lease related fees is comprised of income generated from factored receivables and payroll financing activities that is within the scope of ASC Topic 606. These Commercial Banking revenue streams were new to the Company in 2022 due to the businesses acquired in connection with the Sterling merger.

(2)Effective as of the fourth quarter of 2022, the wealth and investment services revenue stream for Consumer Banking was impacted by the restructuring of a process in which the Company offers brokerage, investment advisory, and certain insurance-related services to customers. The staff providing these services, who had previously been employees of the Bank, are now employees of a third-party service provider. As a result, the Company now recognizes income from this program on a net basis, which thereby reduces gross reported wealth and investment services non-interest income and the related compensation and benefits non-interest expense on the accompanying Consolidated Statements of Income.

(3)Other income included in the Corporate and Reconciling category that is in scope of ASC Topic 606 is comprised entirely of insignificant fee revenue from contracts with customers attributable to interLINK. This revenue stream was new to the Company in 2023 due to the operations acquired in connection with the interLINK acquisition.

(4)The increase in other income for Healthcare Financial Services from prior periods is primarily related to the Ametros business, which was acquired in January 2024, and recognized $23.0 million from contracts with customers during the year.