XML 77 R57.htm IDEA: XBRL DOCUMENT

Reportable Operating Segments (Tables)

12 Months Ended

Dec. 31, 2024

Reportable Operating Segments

Schedule of selected business segment financial information

Treasury

Retail

Commercial

and

(dollars in thousands)

Banking

Banking

Other

Total

Year Ended December 31, 2024

Interest income

$

337,498

$

467,950

$

174,596

$

980,044

Intersegment interest allocations⁽¹⁾

(256,124)

(332,273)

588,397

—

Total interest income

81,374

135,677

762,993

980,044

Interest expense

(242,581)

(67,017)

(47,708)

(357,306)

Intersegment interest allocations ⁽¹⁾

668,002

117,002

(785,004)

—

Total interest expense

425,421

49,985

(832,712)

(357,306)

Net interest income (expense)

506,795

185,662

(69,719)

622,738

(Provision) benefit for credit losses

(8,341)

(9,167)

2,758

(14,750)

Net interest income (expense) after (provision) benefit for credit losses

498,454

176,495

(66,961)

607,988

Noninterest income

106,021

79,442

340

185,803

Salaries and employee benefits

(99,055)

(18,959)

(117,551)

(235,565)

Contracted services and professional fees

(11,832)

(16,304)

(32,776)

(60,912)

Occupancy

(30,270)

(1,975)

3,274

(28,971)

Equipment

(5,585)

(1,228)

(47,089)

(53,902)

Card rewards program

—

(33,831)

—

(33,831)

Other segment items ⁽²⁾

(148,789)

(18,252)

79,033

(88,008)

Noninterest expense

(295,531)

(90,549)

(115,109)

(501,189)

Income (loss) before (provision) benefit for income taxes

308,944

165,388

(181,730)

292,602

(Provision) benefit for income taxes

(70,534)

(32,934)

40,995

(62,473)

Net income (loss)

$

238,410

$

132,454

$

(140,735)

$

230,129

Other Segment Disclosures:

Depreciation and amortization ⁽³⁾

$

4,461

$

268

$

15,438

$

20,167

Segment earning assets

7,404,154

7,010,115

6,660,043

21,074,312


								Treasury
		Retail			Commercial			and
(dollars in thousands)		Banking			Banking			Other			Total
Year Ended December 31, 2023
Interest income		$	307,102		$	447,793		$	168,684		$	923,579
Intersegment interest allocations⁽¹⁾			(234,813)			(303,504)			538,317			—
Total interest income			72,289			144,289			707,001			923,579

Interest expense			(144,587)			(49,201)			(93,664)			(287,452)
Intersegment interest allocations ⁽¹⁾			530,423			80,481			(610,904)			—
Total interest expense			385,836			31,280			(704,568)			(287,452)
Net interest income			458,125			175,569			2,433			636,127

Provision for credit losses			(9,899)			(14,961)			(1,770)			(26,630)
Net interest income after provision for credit losses			448,226			160,608			663			609,497

Noninterest income			97,651			75,358			27,806			200,815

Salaries and employee benefits			(96,363)			(19,605)			(109,787)			(225,755)
Contracted services and professional fees			(11,511)			(16,177)			(38,735)			(66,423)
Occupancy			(31,108)			(1,920)			3,420			(29,608)
Equipment			(4,965)			(968)			(39,176)			(45,109)
Card rewards program			—			(31,627)			—			(31,627)
Other segment items ⁽²⁾			(160,784)			(42,542)			100,710			(102,616)
Noninterest expense			(304,731)			(112,839)			(83,568)			(501,138)

Income (loss) before (provision) benefit for income taxes			241,146			123,127			(55,099)			309,174
(Provision) benefit for income taxes			(58,091)			(27,927)			11,827			(74,191)
Net income (loss)		$	183,055		$	95,200		$	(43,272)		$	234,983

Other Segment Disclosures:
Depreciation and amortization ⁽³⁾		$	4,566		$	285		$	14,855		$	19,706
Segment earning assets			7,498,244			6,888,492			7,894,174			22,280,910


								Treasury
		Retail			Commercial			and
(dollars in thousands)		Banking			Banking			Other			Total
Year Ended December 31, 2022
Interest income		$	259,686		$	251,063		$	152,471		$	663,220
Intersegment interest allocations⁽¹⁾			(171,226)			(123,291)			294,517			—
Total interest income			88,460			127,772			446,988			663,220

Interest expense			(25,869)			(12,901)			(10,901)			(49,671)
Intersegment interest allocations ⁽¹⁾			373,637			42,257			(415,894)			—
Total interest expense			347,768			29,356			(426,795)			(49,671)
Net interest income			436,228			157,128			20,193			613,549

(Provision) benefit for credit losses			967			1,154			(3,513)			(1,392)
Net interest income after (provision) benefit for credit losses			437,195			158,282			16,680			612,157

Noninterest income			94,085			77,539			7,901			179,525

Salaries and employee benefits			(83,771)			(15,720)			(99,638)			(199,129)
Contracted services and professional fees			(11,250)			(16,315)			(42,462)			(70,027)
Occupancy			(29,502)			(1,588)			56			(31,034)
Equipment			(4,743)			(1,091)			(28,672)			(34,506)
Card rewards program			—			(30,990)			—			(30,990)
Other segment items ⁽²⁾			(164,297)			(44,202)			133,714			(74,785)
Noninterest expense			(293,563)			(109,906)			(37,002)			(440,471)

Income (loss) before (provision) benefit for income taxes			237,717			125,915			(12,421)			351,211
(Provision) benefit for income taxes			(58,077)			(30,158)			2,709			(85,526)
Net income (loss)		$	179,640		$	95,757		$	(9,712)		$	265,685

Other Segment Disclosures:
Depreciation and amortization ⁽³⁾		$	4,953		$	228		$	17,479		$	22,660
Segment earning assets			7,359,579			6,778,200			7,731,402			21,869,181

(1)	Intersegment interest allocations are the result of funds transfer-pricing methodologies that are utilized to allocate a cost for the funding of assets and a credit for the collection of deposits to all business segment assets and liabilities.

(2)	Other segment items included in segment net income includes advertising and marketing, regulatory assessment and fees, allocations and transfer pricing on non-earning assets, liabilities and equity, and other miscellaneous and administrative fees.

(3)	The amounts of depreciation and amortization disclosed by reportable segment are included within equipment, occupancy, other segment items, and noninterest income.

Schedule of total segment earning assets reconciled


		December 31,
(dollars in thousands)		2024			2023			2022
Total earning assets for reportable segments		$	21,074,312		$	22,280,910		$	21,869,181
Other non-earning assets ⁽¹⁾			2,753,874			2,645,564			2,708,042
Total consolidated assets		$	23,828,186		$	24,926,474		$	24,577,223