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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information
20. Segment Information
The Company has one reportable segment: The Banking Segment. The Company's reportable segment is determined by the Chairman and Chief Executive Officer, who is the designated chief operating decision maker ("CODM"), based upon information provided about the Company's products and services offered, primarily banking operations. The segment is also defined by the level of detailed information provided to the CODM, who uses such information to review performance of various components of the business such as geographical regions and branches, which are then aggregated since these have similar operating and economic characteristics. Each of the branches and regions of the Bank provide a group of similar banking services, including such products and services as commercial, real estate and consumer loans, time deposits, checking and savings accounts.
The CODM will evaluate the financial performance of the Company's business components such as evaluating revenue streams, significant expenses and budget to actual results in order to assess the Company's segment and to determine the allocation of resources. The CODM uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The CODM uses consolidated net income in order to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessment performance and in establishing compensation. Loans, investments and deposits provide the revenues in the banking operation. Interest expense, provision for credit losses and payroll provide the significant expenses in the banking operation. All operations are domestic.
Accounting policies for segments are the same as those described in Note 1. Segment performance is evaluated using consolidated net income. The table below presents the information reported internally for performance assessment by the CODM as of the three months ended March 31, 2025 and 2024.
Three Months Ended March 31,
Banking Segment20252024
(In thousands)
Interest Income$312,542 $316,915 
Reconciliation of revenue:
Other Revenues*45,426 41,799 
Total consolidated revenues$357,968 $358,714 
Less:
Interest Expense97,886 112,325 
Segment net interest income and noninterest income$260,082 $246,389 
Less:
Provision for credit losses— 4,500 
Salaries and employee benefits61,855 60,910 
Occupancy and equipment**14,425 14,551 
Data Processing expense8,558 9,147 
Merger and acquisition expense— — 
Other expense8,703 8,950 
FDIC and state assessment3,387 3,318 
Electronic banking expense3,055 3,156 
Other segment items***12,945 11,464 
Income tax expense31,945 30,284 
Segment net income/consolidated net income115,209 100,109 
Reconciliation of profit or loss:
Adjustments and reconciling items — — 
Consolidated net income$115,209 $100,109 
*Includes earnings in equity method investments of $5.2 million and $1.2 million for the three months ended March 31, 2025 and 2024, respectively.
** Includes depreciation and amortization expense of $5.3 million and $5.4 million for the three ended March 31, 2025 and 2024, respectively.
***Other segment items include expenses for advertising, amortization of intangibles, directors' fees, due from bank service charges, hurricane damage, insurance expense, legal and accounting fees, other professional fees, operating supplies, postage and telephone