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Segment Reporting | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting (In Thousands) The Company has two reportable segments: Community Banks and Wealth Management. The Company’s reportable segments are determined by the Chief Executive Officer, who is the designated chief operating decision maker (“CODM”), based upon information provided about the Company’s products and services. The CODM evaluates the financial performance of the segments by evaluating net income as the primary measure of segment performance, as well as revenue streams, significant expenses and budget to actual results, and the CODM provides guidance in strategy and the allocation of resources. In order to give the CODM a more precise indication of the income and expenses controlled by each segment, the results of operations for each segment reflect its own direct revenues and expenses. Indirect revenues and expenses, including but not limited to income from the Company’s investment portfolio, as well as certain costs associated with data processing and back office functions, primarily support the operations of the community banks and, therefore, are included in the results of the Community Banks segment. Included in “Other” are the operations of the holding company and other eliminations that are necessary for purposes of reconciling to the consolidated amounts. Accounting policies for each segment are the same as those described in Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. The following tables provide financial information for the Company’s operating segments as of and for the periods presented:
| Community Banks |  |  |  |  |  | Wealth Management |  | Total Segments |  | Other |  | Consolidated
Three months ended March 31, 2026 |  |  |  |  |  |  |  |  |  |  |  |  |
Total interest income | $ | 338,087 |  |  |  |  |  |  | $ | 14 |  |  | $ | 338,101 |  |  | $ | 19 |  |  | $ | 338,120 |
Total interest expense | 107,435 |  |  |  |  |  |  | — |  |  | 107,435 |  |  | 7,126 |  |  | 114,561 |
Net interest income (loss) | $ | 230,652 |  |  |  |  |  |  | $ | 14 |  |  | $ | 230,666 |  |  | $ | (7,107) |  |  | $ | 223,559 |
Provision for credit losses | 8,080 |  |  |  |  |  |  | — |  |  | 8,080 |  |  | — |  |  | 8,080 |
Noninterest income | 39,103 |  |  |  |  |  |  | 9,733 |  |  | 48,836 |  |  | 1,436 |  |  | 50,272 |
Salaries and employee benefits | 85,671 |  |  |  |  |  |  | 4,900 |  |  | 90,571 |  |  | 1,178 |  |  | 91,749 |
Net occupancy and equipment | 17,694 |  |  |  |  |  |  | 250 |  |  | 17,944 |  |  | 87 |  |  | 18,031 |
Other segment expenses(1) | 42,748 |  |  |  |  |  |  | 2,109 |  |  | 44,857 |  |  | 691 |  |  | 45,548 |
Income (loss) before income taxes | $ | 115,562 |  |  |  |  |  |  | $ | 2,488 |  |  | $ | 118,050 |  |  | $ | (7,627) |  |  | $ | 110,423 |
Income tax expense (benefit) | 24,029 |  |  |  |  |  |  | 114 |  |  | 24,143 |  |  | (1,948) |  |  | 22,195 |
Net income (loss) | $ | 91,533 |  |  |  |  |  |  | $ | 2,374 |  |  | $ | 93,907 |  |  | $ | (5,679) |  |  | $ | 88,228 |
Total assets | $ | 27,082,801 |  |  |  |  |  |  | $ | 8,193 |  |  | $ | 27,090,994 |  |  | $ | 16,280 |  |  | $ | 27,107,274 |
Goodwill | 1,406,667 |  |  |  |  |  |  | — |  |  | 1,406,667 |  |  | — |  |  | 1,406,667 |
| Community Banks |  |  |  | Wealth Management |  | Total Segments |  | Other |  | Consolidated
Three months ended March 31, 2025 |  |  |  |  |  |  |  |  |  |  |
Total interest income | $ | 220,291 |  |  |  |  | $ | 16 |  |  | $ | 220,307 |  |  | $ | 23 |  |  | $ | 220,330 |
Total interest expense | 79,634 |  |  |  |  | — |  |  | 79,634 |  |  | 6,499 |  |  | 86,133 |
Net interest income (loss) | $ | 140,657 |  |  |  |  | $ | 16 |  |  | $ | 140,673 |  |  | $ | (6,476) |  |  | $ | 134,197 |
Provision for credit losses | 4,750 |  |  |  |  | — |  |  | 4,750 |  |  | — |  |  | 4,750 |
Noninterest income (loss) | 28,772 |  |  |  |  | 8,064 |  |  | 36,836 |  |  | (441) |  |  | 36,395 |
Salaries and employee benefits | 68,139 |  |  |  |  | 3,818 |  |  | 71,957 |  |  | — |  |  | 71,957 |
Net occupancy and equipment | 11,547 |  |  |  |  | 207 |  |  | 11,754 |  |  | — |  |  | 11,754 |
Other segment expenses(2) | 28,099 |  |  |  |  | 1,568 |  |  | 29,667 |  |  | 498 |  |  | 30,165 |
Income (loss) before income taxes | $ | 56,894 |  |  |  |  | $ | 2,487 |  |  | $ | 59,381 |  |  | $ | (7,415) |  |  | $ | 51,966 |
Income tax expense (benefit) | 12,203 |  |  |  |  | 103 |  |  | 12,306 |  |  | (1,858) |  |  | 10,448 |
Net income (loss) | $ | 44,691 |  |  |  |  | $ | 2,384 |  |  | $ | 47,075 |  |  | $ | (5,557) |  |  | $ | 41,518 |
Total assets (liabilities) | $ | 18,266,553 |  |  |  |  | $ | 5,495 |  |  | $ | 18,272,048 |  |  | $ | (667) |  |  | $ | 18,271,381 |
Goodwill | 988,898 |  |  |  |  | — |  |  | 988,898 |  |  | — |  |  | 988,898 |
(1) Other segment expenses for Community Banks include data processing, other real estate owned, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses. Other segment expenses for Wealth Management include data processing, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses. (2) Other segment expenses for Community Banks include data processing, other real estate owned, legal and professional fees, advertising and public relations, intangible amortization, communications, merger and conversion related expenses and other miscellaneous expenses. Other segment expenses for Wealth Management include data processing, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses.

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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