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v3.25.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Selected segment information | nformation about the Corporation’s segments is presented below:
| As of and for the three months ended June 30, 2025
(in thousands) | Corporate and Commercial Specialty | Community, Consumer and Business | Risk Management and Shared Services | Consolidated Corporation
Net segment interest income (expense) | $ | 242,978 |  | $ | 68,871 |  | $ | (11,849) |  | $ | 300,000 |
Net intersegment interest (expense) income | (104,430) |  | 133,665 |  | (29,235) |  | — |
Net interest income (expense) | 138,548 |  | 202,536 |  | (41,084) |  | 300,000 |
Noninterest income (expense) | 11,984 |  | 51,461 |  | 3,532 |  | 66,977 |
Total income (expense) before provision | 150,532 |  | 253,997 |  | (37,552) |  | 366,977 |
Provision for credit losses | 20,368 |  | 6,363 |  | (8,735) |  | 17,996 |
Total income (expense) after provision | 130,164 |  | 247,634 |  | (28,817) |  | 348,981 |
Noninterest expense |  |  |  |
Personnel | 20,149 |  | 56,641 |  | 50,204 |  | 126,994 |
Technology(a) | 842 |  | 12,903 |  | 12,763 |  | 26,508 |
Occupancy(a) | 33 |  | 31 |  | 12,580 |  | 12,644 |
Business development and advertising | 1,252 |  | 968 |  | 5,528 |  | 7,748 |
Equipment(b) | — |  | 1,427 |  | 3,067 |  | 4,494 |
Legal and professional | 220 |  | 527 |  | 5,927 |  | 6,674 |
Loan and foreclosure costs | 260 |  | 1,172 |  | 1,273 |  | 2,705 |
FDIC assessment | — |  | — |  | 9,708 |  | 9,708 |
Other intangible amortization | — |  | — |  | 2,203 |  | 2,203 |
Other noninterest expense | 934 |  | 8,001 |  | 739 |  | 9,674 |
Allocated indirect expense (income) | 22,112 |  | 52,884 |  | (74,996) |  | — |
Total noninterest expense | 45,802 |  | 134,554 |  | 28,996 |  | 209,352 |
Net income (loss) before income taxes | 84,362 |  | 113,080 |  | (57,813) |  | 139,629 |
Income tax expense (benefit) | 15,968 |  | 23,747 |  | (11,316) |  | 28,399 |
Net income (loss) | $ | 68,394 |  | $ | 89,333 |  | $ | (46,497) |  | $ | 111,230 |
Loans | $ | 17,617,892 |  | $ | 12,531,178 |  | $ | 458,535 |  | $ | 30,607,605 |
Allocated goodwill | 525,836 |  | 579,156 |  | — |  | 1,104,992 |
Total assets | 18,431,586 |  | 13,403,906 |  | 12,158,236 |  | 43,993,729 |
(a) A portion of total depreciation expense of $0.1 million, $2.7 million, and $9.3 million for the Corporate and Commercial Specialty, Community Consumer and Business, and Risk Management and Shared Services segments, respectively, is included in this expense caption.
| As of and for the three months ended June 30, 2024
(in thousands) | Corporate and Commercial Specialty | Community, Consumer and Business | Risk Management and Shared Services | Consolidated Corporation
Net segment interest income (expense) | $ | 245,797 |  | $ | 63,207 |  | $ | (52,411) |  | $ | 256,593 |
Net intersegment interest (expense) income | (110,719) |  | 146,814 |  | (36,095) |  | — |
Net interest income (expense) | 135,078 |  | 210,021 |  | (88,506) |  | 256,593 |
Noninterest income | 11,671 |  | 48,878 |  | 4,610 |  | 65,159 |
Total income (expense) before provision | 146,749 |  | 258,899 |  | (83,896) |  | 321,752 |
Provision for credit losses | 16,038 |  | 6,045 |  | 925 |  | 23,008 |
Total income (expense) after provision | 130,711 |  | 252,854 |  | (84,821) |  | 298,745 |
Noninterest expense |  |  |  |
Personnel | 20,447 |  | 56,159 |  | 44,975 |  | 121,581 |
Technology(a) | 586 |  | 11,717 |  | 14,858 |  | 27,161 |
Occupancy(a) | — |  | 11 |  | 13,117 |  | 13,128 |
Business development and advertising | 823 |  | 744 |  | 5,968 |  | 7,535 |
Equipment(a) | — |  | 1,309 |  | 3,141 |  | 4,450 |
Legal and professional | 289 |  | 208 |  | 3,932 |  | 4,429 |
Loan and foreclosure costs | 113 |  | 1,121 |  | 559 |  | 1,793 |
FDIC assessment | — |  | — |  | 7,131 |  | 7,131 |
Other intangible amortization | — |  | — |  | 2,203 |  | 2,203 |
Other noninterest expense | 841 |  | 5,710 |  | (101) |  | 6,450 |
Allocated indirect expense (income) | 19,936 |  | 52,945 |  | (72,881) |  | — |
Total noninterest expense | 43,035 |  | 129,924 |  | 22,902 |  | 195,861 |
Net income (loss) before income taxes | 87,676 |  | 122,930 |  | (107,722) |  | 102,884 |
Income tax expense (benefit) | 14,084 |  | 25,815 |  | (52,589) |  | (12,689) |
Net income (loss) | $ | 73,592 |  | $ | 97,115 |  | $ | (55,133) |  | $ | 115,573 |
Loans | $ | 16,191,823 |  | $ | 12,874,874 |  | $ | 551,574 |  | 29,618,271 |
Allocated goodwill | 525,836 |  | $ | 579,156 |  | — |  | 1,104,992 |
Total assets | 16,817,587 |  | 13,736,691 |  | 11,069,628 |  | 41,623,908 |

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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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