Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

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
2025
Interest income	$	3,223,220	$	420,528	$	38,147	$	3,681,895	$	46,138	$	3,728,033
Interest expense	1,462,186		41,131		664		1,503,981		—		1,503,981
Net interest income	1,761,034		379,397		37,483		2,177,914		46,138		2,224,052
Provision for credit losses	89,050		6,503		—		95,553		—		95,553
Non-interest income	310,981		129,713		154,387		595,081		(93,141)		501,940
Non-interest expense:
Salaries	390,817		64,829		38,966		494,612		1,958		496,570
Commissions and incentive compensation	133,733		38,911		49,124		221,768		—		221,768
Benefits	122,421		22,167		10,366		154,954		—		154,954
Other segment expenses (1)	553,208		96,812		37,681		687,701		(48,961)		638,740
Total non-interest expense	1,200,179		222,719		136,137		1,559,035		(47,003)		1,512,032
Income before taxes	782,786		279,888		55,733		1,118,407		—		1,118,407
Income tax expense	206,119		74,589		13,855		294,563		—		294,563
Net income	$	576,667	$	205,299	$	41,878	$	823,844	$	—	$	823,844
Total assets at end of year	$	57,333,741	$	12,502,367	$	1,305,938	$	71,142,046	$	—	$	71,142,046

2024
Interest income	$	3,001,500	$	405,317	$	30,765	$	3,437,582	$	40,015	$	3,477,597
Interest expense	1,465,237		49,030		795		1,515,062		—		1,515,062
Net interest income	1,536,263		356,287		29,970		1,922,520		40,015		1,962,535
Provision for credit losses	88,345		12,702		—		101,047		—		101,047
Non-interest income	279,845		119,339		168,134		567,318		(78,993)		488,325
Non-interest expense:
Salaries	364,144		61,070		38,989		464,203		1,769		465,972
Commissions and incentive compensation	130,516		36,130		48,873		215,519		—		215,519
Benefits	106,994		18,686		9,937		135,617		—		135,617
Other segment expenses (1)	500,327		91,479		34,557		626,363		(40,747)		585,616
Total non-interest expense	1,101,981		207,365		132,356		1,441,702		(38,978)		1,402,724
Income before taxes	625,782		255,559		65,748		947,089		—		947,089
Income tax expense	167,072		69,214		15,758		252,044		—		252,044
Net income	$	458,710	$	186,345	$	49,990	$	695,045	$	—	$	695,045
Total assets at end of year	$	52,500,643	$	11,234,012	$	1,145,013	$	64,879,668	$	—	$	64,879,668

2023
Interest income	$	2,462,103	$	362,035	$	33,867	$	2,858,005	$	35,109	$	2,893,114
Interest expense	1,021,128		32,991		1,131		1,055,250		—		1,055,250
Net interest income	1,440,975		329,044		32,736		1,802,755		35,109		1,837,864
Provision for credit losses	104,895		9,495		—		114,390		—		114,390
Non-interest income	263,023		105,992		136,561		505,576		(71,470)		434,106
Non-interest expense:
Salaries	340,993		57,024		39,129		437,146		1,666		438,812
Commissions and incentive compensation	110,986		30,395		40,720		182,101		—		182,101
Benefits	100,190		17,070		9,840		127,100		—		127,100
Other segment expenses (1)	484,263		82,024		36,226		602,513		(38,027)		564,486
Total non-interest expense	1,036,432		186,513		125,915		1,348,860		(36,361)		1,312,499
Income before taxes	562,671		239,028		43,382		845,081		—		845,081
Income tax expense	148,612		63,484		10,359		222,455		—		222,455
Net income	$	414,059	$	175,544	$	33,023	$	622,626	$	—	$	622,626
Total assets at end of year	$	44,355,786	$	10,664,887	$	1,239,261	$	56,259,934	$	—	$	56,259,934

(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 7 of this Annual Report on Form 10-K for further discussion on non-interest expense.