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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

SEGMENT INFORMATION

Schedule of segment reporting information by segment


		Banking and			Employee						Wealth
(000’s omitted)		Corporate			Benefit Services			Insurance			Management			Total
Three Months Ended June 30, 2024
Net interest income		$	108,535		$	702		$	40		$	132		$	109,409
Provision for credit losses			2,708			0			0			0			2,708
Operating noninterest revenues			19,502			33,051			13,324			9,019			74,896
Operating noninterest expenses			78,185			20,206			10,645			7,123			116,159
Operating income before income taxes		$	47,144		$	13,547		$	2,719		$	2,028		$	65,438
Assets		$	15,673,276		$	241,849		$	69,946		$	35,602		$	16,020,673
Goodwill		$	732,598		$	89,769		$	26,456		$	3,435		$	852,258
Core deposit intangibles & other intangibles, net		$	7,288		$	29,011		$	15,460		$	1,763		$	53,522

Reconciliation of total segment operating income before income taxes to total consolidated income before income taxes:

Total segment operating income before income taxes		$	47,144		$	13,547		$	2,719		$	2,028		$	65,438
Loss on sales of investment securities			(232)			0			0			0			(232)
Unrealized gain on equity securities			867			0			0			0			867
Amortization of intangible assets			(855)			(1,781)			(1,047)			(194)			(3,877)
Acquisition expenses			0			(15)			(89)			0			(104)
Total consolidated income before income taxes														$	62,092

Reconciliation of total segment operating noninterest revenues to total consolidated noninterest revenues:

Total segment operating noninterest revenues														$	74,896
Elimination of intersegment revenues															(1,141)
Loss on sales of investment securities															(232)
Unrealized gain on equity securities															867
Total consolidated noninterest revenues														$	74,390

Reconciliation of total segment operating noninterest expenses to total consolidated noninterest expenses:

Total segment operating noninterest expenses														$	116,159
Elimination of intersegment expenses															(1,141)
Amortization of intangible assets															3,877
Acquisition expenses															104
Total consolidated noninterest expenses														$	118,999

Reconciliation of total segment assets to total consolidated assets:

Total segment assets														$	16,020,673
Elimination of intersegment cash and deposits															(113,857)
Total consolidated assets														$	15,906,816


		Banking and			Employee						Wealth
(000’s omitted)		Corporate			Benefit Services			Insurance			Management			Total
Three Months Ended June 30, 2023
Net interest income		$	108,770		$	388		$	34		$	87		$	109,279
Provision for credit losses			752			0			0			0			752
Operating noninterest revenues			17,721			29,384			11,887			8,169			67,161
Operating noninterest expenses			75,654			18,060			9,702			6,045			109,461
Operating income before income taxes		$	50,085		$	11,712		$	2,219		$	2,211		$	66,227
Assets		$	14,890,873		$	235,655		$	64,855		$	30,318		$	15,221,701
Goodwill		$	732,598		$	85,384		$	23,480		$	2,498		$	843,960
Core deposit intangibles & other intangibles, net		$	11,114		$	30,147		$	15,145		$	1,343		$	57,749

Reconciliation of total segment operating income before income taxes to total consolidated income before income taxes:

Total segment operating income before income taxes		$	50,085		$	11,712		$	2,219		$	2,211		$	66,227
Unrealized loss on equity securities			(50)			0			0			0			(50)
Amortization of intangible assets			(1,160)			(1,632)			(725)			(188)			(3,705)
Acquisition-related contingent consideration adjustment			0			100			(1,100)			0			(1,000)
Acquisition expenses			1			0			0			0			1
Total consolidated income before income taxes														$	61,473

Reconciliation of total segment operating noninterest revenues to total consolidated noninterest revenues:

Total segment operating noninterest revenues														$	67,161
Elimination of intersegment revenues															(1,127)
Unrealized loss on equity securities															(50)
Total consolidated noninterest revenues														$	65,984

Reconciliation of total segment operating noninterest expenses to total consolidated noninterest expenses:

Total segment operating noninterest expenses														$	109,461
Elimination of intersegment expenses															(1,127)
Amortization of intangible assets															3,705
Acquisition-related contingent consideration adjustment															1,000
Acquisition expenses															(1)
Total consolidated noninterest expenses														$	113,038

Reconciliation of total segment assets to total consolidated assets:

Total segment assets														$	15,221,701
Elimination of intersegment cash and deposits															(113,651)
Total consolidated assets														$	15,108,050


		Banking and			Employee						Wealth
(000’s omitted)		Corporate			Benefit Services			Insurance			Management			Total
Six Months Ended June 30, 2024
Net interest income		$	214,749		$	1,325		$	67		$	258		$	216,399
Provision for credit losses			8,856			0			0			0			8,856
Operating noninterest revenues			37,687			65,621			24,451			18,655			146,414
Operating noninterest expenses			156,412			40,539			20,768			14,043			231,762
Operating income before income taxes		$	87,168		$	26,407		$	3,750		$	4,870		$	122,195

Reconciliation of total segment operating income before income taxes to total consolidated income before income taxes:

Total segment operating income before income taxes		$	87,168		$	26,407		$	3,750		$	4,870		$	122,195
Loss on sales of investment securities			(232)			0			0			0			(232)
Unrealized gain on equity securities			883			0			0			0			883
Amortization of intangible assets			(1,828)			(3,506)			(1,720)			(399)			(7,453)
Acquisition expenses			0			(50)			(89)			0			(139)
Litigation accrual			0			0			(119)			0			(119)
Total consolidated income before income taxes														$	115,135

Reconciliation of total segment operating noninterest revenues to total consolidated noninterest revenues:

Total segment operating noninterest revenues														$	146,414
Elimination of intersegment revenues															(2,390)
Loss on sales of investment securities															(232)
Unrealized gain on equity securities															883
Total consolidated noninterest revenues														$	144,675

Reconciliation of total segment operating noninterest expenses to total consolidated noninterest expenses:

Total segment operating noninterest expenses														$	231,762
Elimination of intersegment expenses															(2,390)
Amortization of intangible assets															7,453
Acquisition expenses															139
Litigation accrual															119
Total consolidated noninterest expenses														$	237,083


		Banking and			Employee						Wealth
(000’s omitted)		Corporate			Benefit Services			Insurance			Management			Total
Six Months Ended June 30, 2023
Net interest income		$	219,452		$	642		$	69		$	146		$	220,309
Provision for credit losses			4,252			0			0			0			4,252
Operating noninterest revenues			34,166			59,571			23,435			16,806			133,978
Operating noninterest expenses			154,067			36,334			18,483			12,140			221,024
Operating income before income taxes		$	95,299		$	23,879		$	5,021		$	4,812		$	129,011

Reconciliation of total segment operating income before income taxes to total consolidated income before income taxes:

Total segment operating income before income taxes		$	95,299		$	23,879		$	5,021		$	4,812		$	129,011
Loss on sales of investment securities			(52,329)			0			0			0			(52,329)
Unrealized loss on equity securities			(50)			0			0			0			(50)
Gain on debt extinguishment			242			0			0			0			242
Amortization of intangible assets			(2,366)			(3,265)			(1,355)			(386)			(7,372)
Acquisition-related contingent consideration adjustment			0			100			(1,100)			0			(1,000)
Acquisition expenses			(16)			0			(40)			0			(56)
Total consolidated income before income taxes														$	68,446

Reconciliation of total segment operating noninterest revenues to total consolidated noninterest revenues:

Total segment operating noninterest revenues														$	133,978
Elimination of intersegment revenues															(2,362)
Loss on sales of investment securities															(52,329)
Unrealized loss on equity securities															(50)
Gain on debt extinguishment															242
Total consolidated noninterest revenues														$	79,479

Reconciliation of total segment operating noninterest expenses to total consolidated noninterest expenses:

Total segment operating noninterest expenses														$	221,024
Elimination of intersegment expenses															(2,362)
Amortization of intangible assets															7,372
Acquisition-related contingent consideration adjustment															1,000
Acquisition expenses															56
Total consolidated noninterest expenses														$	227,090