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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes Tables |
Schedule of Segment Reporting Information, by Segment | The following table provides a summary of the Company’s reportable operating segment results as of or for the years ended December 31, 2024, 2023 and 2022.
(In thousands) | Community and Commercial Banking |  | Other |  | Consolidated
December 31, 2024 |  |  |  |  |
Net interest income | $ | 627,698 |  |  | $ | 767 |  |  | $ | 628,465 |
Noninterest income | 109,701 |  |  | 37,470 |  |  | 147,171 |
Total net revenue | 737,399 |  |  | 38,237 |  |  | 775,636 |
Noninterest expense: |  |  |  |  |
Salaries and employee benefits | 265,610 |  |  | 18,514 |  |  | 284,124 |
Occupancy expense, net | 46,373 |  |  | 1,841 |  |  | 48,214 |
Furniture and equipment expense | 22,045 |  |  | 2 |  |  | 22,047 |
Deposit insurance | 23,938 |  |  | — |  |  | 23,938 |
Other operating expenses(1) | 173,295 |  |  | 5,925 |  |  | 179,220 |
Total noninterest expense | 531,261 |  |  | 26,282 |  |  | 557,543 |
Income before provision for credit losses and income taxes | 206,138 |  |  | 11,955 |  |  | 218,093 |
Provision for credit losses | 46,785 |  |  | — |  |  | 46,785 |
Income tax expense | 18,530 |  |  | 85 |  |  | 18,615 |
Net income | $ | 140,823 |  |  | $ | 11,870 |  |  | $ | 152,693 |
Assets as of December 31, 2024 | $ | 26,870,061 |  |  | $ | 5,988 |  |  | $ | 26,876,049 |
December 31, 2023 |  |  |  |  |
Net interest income | $ | 650,928 |  |  | $ | (802) |  |  | $ | 650,126 |
Noninterest income | 120,567 |  |  | 34,999 |  |  | 155,566 |
Total net revenue | 771,495 |  |  | 34,197 |  |  | 805,692 |
Noninterest expense: |  |  |  |  |
Salaries and employee benefits | 268,300 |  |  | 17,817 |  |  | 286,117 |
Occupancy expense, net | 46,712 |  |  | 29 |  |  | 46,741 |
Furniture and equipment expense | 20,740 |  |  | 1 |  |  | 20,741 |
Deposit insurance | 29,986 |  |  | — |  |  | 29,986 |
Other operating expenses(1) | 173,480 |  |  | 5,996 |  |  | 179,476 |
Total noninterest expense | 539,218 |  |  | 23,843 |  |  | 563,061 |
Income before provision for credit losses and income taxes | 232,277 |  |  | 10,354 |  |  | 242,631 |
Provision for credit losses | 42,028 |  |  | — |  |  | 42,028 |
Income tax expense | 25,451 |  |  | 95 |  |  | 25,546 |
Net income | $ | 164,798 |  |  | $ | 10,259 |  |  | $ | 175,057 |
Assets as of December 31, 2023 | $ | 27,338,690 |  |  | $ | 6,984 |  |  | $ | 27,345,674 |
(In thousands) | Community and Commercial Banking |  | Other |  | Consolidated
December 31, 2022 |  |  |  |  |
Net interest income | $ | 717,316 |  |  | $ | — |  |  | $ | 717,316 |
Noninterest income | 136,820 |  |  | 33,246 |  |  | 170,066 |
Total net revenue | 854,136 |  |  | 33,246 |  |  | 887,382 |
Noninterest expense: |  |  |  |  |
Salaries and employee benefits | 268,817 |  |  | 18,165 |  |  | 286,982 |
Occupancy expense, net | 44,296 |  |  | 25 |  |  | 44,321 |
Furniture and equipment expense | 20,642 |  |  | 23 |  |  | 20,665 |
Deposit insurance | 11,608 |  |  | — |  |  | 11,608 |
Other operating expenses(1) | 196,875 |  |  | 6,297 |  |  | 203,172 |
Total noninterest expense | 542,238 |  |  | 24,510 |  |  | 566,748 |
Income before provision for credit losses and income taxes | 311,898 |  |  | 8,736 |  |  | 320,634 |
Provision for credit losses | 14,074 |  |  | — |  |  | 14,074 |
Income tax expense | 50,065 |  |  | 83 |  |  | 50,148 |
Net income | $ | 247,759 |  |  | $ | 8,653 |  |  | $ | 256,412 |
Assets as of December 31, 2022 | $ | 27,453,130 |  |  | $ | 7,931 |  |  | $ | 27,461,061 |
_________________________ (1) Other operating expenses primarily include professional services, marketing, software and technology, amortization of intangibles and other general operating expenses.
Schedule of Earnings Per Share, Basic and Diluted | The computation of per share earnings is as follows:
(In thousands, except per share data) | 2024 |  | 2023 |  | 2022
Net income available to common stockholders | $ | 152,693 |  |  | $ | 175,057 |  |  | $ | 256,412 |
Average common shares outstanding | 125,489 |  |  | 126,338 |  |  | 123,958 |
Average potential dilutive common shares | 627 |  |  | 438 |  |  | 512 |
Average diluted common shares | 126,116 |  |  | 126,776 |  |  | 124,470 |
Basic earnings per share | $ | 1.22 |  |  | $ | 1.39 |  |  | $ | 2.07 |
Diluted earnings per share | $ | 1.21 |  |  | $ | 1.38 |  |  | $ | 2.06 |

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