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Segment Information (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Summary of Segment Information
The following is a summary of certain operating information for reportable segments:
Three Months Ended$ Change in
Contribution
% Change  in
Contribution
(Dollars in thousands)June 30,
2023
June 30,
2022
Net interest income:
Community Banking$346,232 $261,726 $84,506 32 %
Specialty Finance84,993 58,718 26,275 45 
Wealth Management7,404 9,534 (2,130)(22)
Total Operating Segments438,629 329,978 108,651 33 
Intersegment Eliminations8,908 7,826 1,082 14 
Consolidated net interest income$447,537 $337,804 $109,733 32 %
Provision for credit losses:
Community Banking$26,713 $20,225 $6,488 32 %
Specialty Finance1,801 192 1,609 NM
Wealth Management — — — 
Total Operating Segments28,514 20,417 8,097 40 
Intersegment Eliminations — — — 
Consolidated provision for credit losses$28,514 $20,417 $8,097 40 %
Non-interest income:
Community Banking$68,130 $62,714 $5,416 %
Specialty Finance31,737 24,992 6,745 27 
Wealth Management33,391 30,226 3,165 10 
Total Operating Segments133,258 117,932 15,326 13 
Intersegment Eliminations(20,228)(14,990)(5,238)35 
Consolidated non-interest income$113,030 $102,942 $10,088 10 %
Net revenue:
Community Banking$414,362 $324,440 $89,922 28 %
Specialty Finance116,730 83,710 33,020 39 
Wealth Management40,795 39,760 1,035 
Total Operating Segments571,887 447,910 123,977 28 
Intersegment Eliminations(11,320)(7,164)(4,156)58 
Consolidated net revenue$560,567 $440,746 $119,821 27 %
Segment profit:
Community Banking$102,517 $54,647 $47,870 88 %
Specialty Finance46,402 30,558 15,844 52 
Wealth Management5,831 9,308 (3,477)(37)
Consolidated net income$154,750 $94,513 $60,237 64 %
Segment assets:
Community Banking$42,452,673 $40,098,458 $2,354,215 %
Specialty Finance10,549,819 9,207,215 1,342,604 15 
Wealth Management1,283,684 1,663,659 (379,975)(23)
Consolidated total assets$54,286,176 $50,969,332 $3,316,844 %
NM - Not meaningful
Six Months Ended$ Change in
Contribution
% Change  in
Contribution
(Dollars in thousands)June 30,
2023
June 30,
2022
Net interest income:
Community Banking$716,080 $490,341 $225,739 46 %
Specialty Finance155,344 114,088 41,256 36 
Wealth Management16,359 17,910 (1,551)(9)
Total Operating Segments887,783 622,339 265,444 43 
Intersegment Eliminations17,749 14,759 2,990 20 
Consolidated net interest income$905,532 $637,098 $268,434 42 %
Provision for credit losses:
Community Banking$47,812 $24,343 $23,469 96 %
Specialty Finance3,747 180 3,567 NM
Wealth Management — — — 
Total Operating Segments51,559 24,523 27,036 110 
Intersegment Eliminations— — — 
Consolidated provision for credit losses$51,559 $24,523 $27,036 110 %
Non-interest income:
Community Banking$136,863 $184,602 $(47,739)(26)%
Specialty Finance57,527 49,114 8,413 17 
Wealth Management63,688 60,804 2,884 
Total Operating Segments258,078 294,520 (36,442)(12)
Intersegment Eliminations(37,279)(28,788)(8,491)29 
Consolidated non-interest income$220,799 $265,732 $(44,933)(17)%
Net revenue:
Community Banking$852,943 $674,943 $178,000 26 %
Specialty Finance212,871 163,202 49,669 30 
Wealth Management80,047 78,714 1,333 
Total Operating Segments1,145,861 916,859 229,002 25 
Intersegment Eliminations(19,530)(14,029)(5,501)39 
Consolidated net revenue$1,126,331 $902,830 $223,501 25 %
Segment profit:
Community Banking$236,749 $144,746 $92,003 64 %
Specialty Finance83,139 60,162 22,977 38 
Wealth Management15,060 16,996 (1,936)(11)
Consolidated net income$334,948 $221,904 $113,044 51 %
NM - Not meaningful