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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Operating Information for Reportable Segments | The following is a summary of certain operating information for reportable segments:
(In thousands) |  | Community Banking |  | Specialty Finance |  | Wealth Management |  | Total Operating Segments |  | Intersegment Eliminations |  | Consolidated
Three Months Ended March 31, 2025: |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 768,968 |  |  | $ | 101,698 |  |  | $ | 5,531 |  |  | $ | 876,197 |  |  | $ | 10,768 |  |  | $ | 886,965 |
Interest expense |  | 349,957 |  |  | 10,391 |  |  | 143 |  |  | 360,491 |  |  | — |  |  | 360,491 |
Net interest income |  | 419,011 |  |  | 91,307 |  |  | 5,388 |  |  | 515,706 |  |  | 10,768 |  |  | 526,474 |
Provision for credit losses |  | 22,428 |  |  | 1,535 |  |  | — |  |  | 23,963 |  |  | — |  |  | 23,963 |
Non-interest income |  | 73,493 |  |  | 31,039 |  |  | 33,790 |  |  | 138,322 |  |  | (21,688) |  |  | 116,634 |
Non-interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Salaries |  | 98,586 |  |  | 15,762 |  |  | 9,104 |  |  | 123,452 |  |  | 465 |  |  | 123,917 |
Commissions and incentive compensation |  | 32,137 |  |  | 9,041 |  |  | 11,358 |  |  | 52,536 |  |  | — |  |  | 52,536 |
Benefits |  | 27,374 |  |  | 4,718 |  |  | 2,981 |  |  | 35,073 |  |  | — |  |  | 35,073 |
Other segment expenses(1) |  | 132,490 |  |  | 23,445 |  |  | 10,014 |  |  | 165,949 |  |  | (11,385) |  |  | 154,564 |
Total non-interest expense |  | 290,587 |  |  | 52,966 |  |  | 33,457 |  |  | 377,010 |  |  | (10,920) |  |  | 366,090 |
Income before taxes |  | 179,489 |  |  | 67,845 |  |  | 5,721 |  |  | 253,055 |  |  | — |  |  | 253,055 |
Income tax expense |  | 45,219 |  |  | 17,552 |  |  | 1,245 |  |  | 64,016 |  |  | — |  |  | 64,016 |
Net income |  | $ | 134,270 |  |  | $ | 50,293 |  |  | $ | 4,476 |  |  | $ | 189,039 |  |  | $ | — |  |  | $ | 189,039 |
Total assets at period end |  | $ | 53,531,046 |  |  | $ | 11,312,205 |  |  | $ | 1,026,815 |  |  | $ | 65,870,066 |  |  | $ | — |  |  | $ | 65,870,066 |
Three Months Ended March 31, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 691,897 |  |  | $ | 95,144 |  |  | $ | 8,003 |  |  | $ | 795,044 |  |  | $ | 10,469 |  |  | $ | 805,513 |
Interest expense |  | 328,212 |  |  | 12,862 |  |  | 245 |  |  | 341,319 |  |  | — |  |  | 341,319 |
Net interest income |  | 363,685 |  |  | 82,282 |  |  | 7,758 |  |  | 453,725 |  |  | 10,469 |  |  | 464,194 |
Provision for credit losses |  | 20,392 |  |  | 1,281 |  |  | — |  |  | 21,673 |  |  | — |  |  | 21,673 |
Non-interest income |  | 74,636 |  |  | 27,317 |  |  | 58,485 |  |  | 160,438 |  |  | (19,858) |  |  | 140,580 |
Non-interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Salaries |  | 86,682 |  |  | 14,538 |  |  | 10,442 |  |  | 111,662 |  |  | 510 |  |  | 112,172 |
Commissions and incentive compensation |  | 29,781 |  |  | 8,639 |  |  | 12,581 |  |  | 51,001 |  |  | — |  |  | 51,001 |
Benefits |  | 24,676 |  |  | 4,314 |  |  | 3,010 |  |  | 32,000 |  |  | — |  |  | 32,000 |
Other segment expenses(1) |  | 116,601 |  |  | 22,781 |  |  | 8,489 |  |  | 147,871 |  |  | (9,899) |  |  | 137,972 |
Total non-interest expense |  | 257,740 |  |  | 50,272 |  |  | 34,522 |  |  | 342,534 |  |  | (9,389) |  |  | 333,145 |
Income before taxes |  | 160,189 |  |  | 58,046 |  |  | 31,721 |  |  | 249,956 |  |  | — |  |  | 249,956 |
Income tax expense |  | 40,143 |  |  | 15,523 |  |  | 6,996 |  |  | 62,662 |  |  | — |  |  | 62,662 |
Net income |  | $ | 120,046 |  |  | $ | 42,523 |  |  | $ | 24,725 |  |  | $ | 187,294 |  |  | $ | — |  |  | $ | 187,294 |
Total assets at period end |  | $ | 45,720,014 |  |  | $ | 10,713,783 |  |  | $ | 1,143,136 |  |  | $ | 57,576,933 |  |  | $ | — |  |  | $ | 57,576,933 |
(1)Other segment items include non-interest expense categories such as ‘Software & Equipment’, ‘Data processing’, ‘Advertising and Marketing’, ‘FDIC Insurance’, and ‘Occupancy’. See “Non-Interest Expense” under Management’s Discussion and Analysis of Financial Condition and Results of Operations in Item 2 of this Form 10-Q for further discussion on non-interest expense.

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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 + Details
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