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Segments | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Segments | SegmentsThe Company segregates financial information for use in assessing its performance and allocating resources among three operating segments: Consumer, Commercial and Wealth. The Consumer segment consists of various consumer loan and deposit products offered through its retail branch network of approximately 150 locations. This segment also includes indirect and other consumer loan financing businesses, along with debit and credit card loan and fee businesses. Residential mortgage origination, sales and servicing functions are included in this Consumer segment, but residential mortgage loans retained by the Company are not considered part of this segment and are instead included in the Other/Elimination column. The Commercial segment provides corporate lending (including the Small Business Banking product line within the branch network), leasing, and international services, along with business and governmental deposit products and commercial cash management services. This segment also includes both merchant and commercial bank card products as well as the Capital Markets Group, which sells fixed income securities and provides securities safekeeping and accounting services to its business and correspondent bank customers. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment management, and brokerage services. This segment also provides various loan and deposit related services to its private banking customers. The following table presents selected financial information by segment and reconciliations of combined segment totals to consolidated totals. There were no material intersegment revenues between the three segments. Management periodically makes changes to methods of assigning costs and income to its business segments to better reflect operating results. If appropriate, these changes are reflected in prior year information presented below.
(In thousands) | Consumer | Commercial | Wealth | Segment Totals | Other/Elimination | Consolidated Totals
Three Months Ended September 30, 2022 |  |  |  |  |  |
Net interest income | $ | 86,232 |  | $ | 114,087 |  | $ | 18,637 |  | $ | 218,956 |  | $ | 27,417 |  | $ | 246,373 |
Provision for credit losses | (4,305) |  | (506) |  | 5 |  | (4,806) |  | (10,484) |  | (15,290) |
Non-interest income | 30,264 |  | 57,115 |  | 53,862 |  | 141,241 |  | (2,727) |  | 138,514 |
Investment securities gains, net | — |  | — |  | — |  | — |  | 3,410 |  | 3,410 |
Non-interest expense | (76,832) |  | (91,372) |  | (36,194) |  | (204,398) |  | (8,486) |  | (212,884) |
Income before income taxes | $ | 35,359 |  | $ | 79,324 |  | $ | 36,310 |  | $ | 150,993 |  | $ | 9,130 |  | $ | 160,123 |
Nine Months Ended September 30, 2022 |  |  |  |  |  |
Net interest income | $ | 249,761 |  | $ | 333,263 |  | $ | 56,731 |  | $ | 639,755 |  | $ | 47,789 |  | $ | 687,544 |
Provision for credit losses | (12,727) |  | (651) |  | 2 |  | (13,376) |  | 782 |  | (12,594) |
Non-interest income | 89,542 |  | 167,581 |  | 161,051 |  | 418,174 |  | (8,464) |  | 409,710 |
Investment securities gains, net | — |  | — |  | — |  | — |  | 11,602 |  | 11,602 |
Non-interest expense | (225,232) |  | (272,224) |  | (108,967) |  | (606,423) |  | (25,614) |  | (632,037) |
Income before income taxes | $ | 101,344 |  | $ | 227,969 |  | $ | 108,817 |  | $ | 438,130 |  | $ | 26,095 |  | $ | 464,225 |
Three Months Ended September 30, 2021 |  |  |  |  |  |
Net interest income | $ | 80,411 |  | $ | 115,529 |  | $ | 18,075 |  | $ | 214,015 |  | $ | 22 |  | $ | 214,037 |
Provision for loan losses | (3,557) |  | (69) |  | 9 |  | (3,617) |  | 11,002 |  | 7,385 |
Non-interest income | 35,758 |  | 52,092 |  | 55,241 |  | 143,091 |  | (5,585) |  | 137,506 |
Investment securities gains, net | — |  | — |  | — |  | — |  | 13,108 |  | 13,108 |
Non-interest expense | (75,996) |  | (84,601) |  | (34,285) |  | (194,882) |  | (16,738) |  | (211,620) |
Income before income taxes | $ | 36,616 |  | $ | 82,951 |  | $ | 39,040 |  | $ | 158,607 |  | $ | 1,809 |  | $ | 160,416 |
Nine Months Ended September 30, 2021 |  |  |  |  |  |
Net interest income | $ | 239,157 |  | $ | 340,279 |  | $ | 53,186 |  | $ | 632,622 |  | $ | (4,855) |  | $ | 627,767 |
Provision for credit losses | (19,122) |  | 4,856 |  | 10 |  | (14,256) |  | 73,528 |  | 59,272 |
Non-interest income | 110,911 |  | 155,079 |  | 158,731 |  | 424,721 |  | (12,027) |  | 412,694 |
Investment securities gains, net | — |  | — |  | — |  | — |  | 39,765 |  | 39,765 |
Non-interest expense | (220,280) |  | (246,501) |  | (101,377) |  | (568,158) |  | (34,161) |  | (602,319) |
Income before income taxes | $ | 110,666 |  | $ | 253,713 |  | $ | 110,550 |  | $ | 474,929 |  | $ | 62,250 |  | $ | 537,179 |
The information presented above was derived from the internal profitability reporting system used by management to monitor and manage the financial performance of the Company. This information is based on internal management accounting procedures and methods, which have been developed to reflect the underlying economics of the businesses. The methodologies are applied in connection with funds transfer pricing and assignment of overhead costs among segments. Funds transfer pricing was used in the determination of net interest income by assigning a standard cost (credit) for funds used (provided by) assets and liabilities based on their maturity, prepayment and/or repricing characteristics. The segment activity, as shown above, includes both direct and allocated items. Amounts in the “Other/Elimination” column include activity not related to the segments, such as that relating to administrative functions, the investment securities portfolio, and the effect of certain expense allocations to the segments. The provision for credit losses in this category contains the difference between net loan charge-offs assigned directly to the segments and the recorded provision for credit loss expense. Included in this category’s net interest income are earnings of the investment portfolio, which are not allocated to a segment. The performance measurement of the operating segments is based on the management structure of the Company and is not necessarily comparable with similar information for any other financial institution. The information is also not necessarily indicative of the segments' financial condition and results of operations if they were independent entities.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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