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Operating Segments | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Operating Segments | OPERATING SEGMENTS Operating segments are components of an enterprise about which separate financial information is available that is regularly evaluated by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company is organized with community and commercial banking groups. Each of these groups provide one or more similar banking services, including such products and services as loans; time deposits, checking and savings accounts; treasury management; and credit cards. Loan products include consumer, real estate, commercial, agricultural, equipment, warehouse lending and SBA lending. The individual banking groups have similar operating and economic characteristics. While the CODM monitors the revenue streams of the various products, services, branch locations, divisions and groups, operations are managed, financial performance is evaluated, and management makes decisions on how to allocate resources, on a Company-wide basis. Accordingly, the respective groups are considered by management to be aggregated into one reportable operating segment. The Company also considers its wealth group, which provides trust and investment services, as well as insurance services, to be operating segments. Information on these segments is not reported separately since they do not meet the quantitative thresholds under ASC Topic 280-10-50-12, and, as a result, are reported within “Other” in the following table. The Company’s CODM is the chief executive officer. The CODM evaluates the performance of the Company’s reportable operating segments using net interest income and net income. The CODM analyzes on the spread between interest revenue and interest expense (net interest income) to assess performance and to allocate operating and capital resources. Therefore, interest revenue is presented net of interest expense. Additionally, the CODM reviews budgeted net income versus actual net income of the Company to allocate resources to meet the Company’s strategic objectives. The following table provides a summary of the Company’s reportable operating segment results for the three and nine months ended September 30, 2025 and 2024.
| Three Months Ended
| September 30, 2025 |  | September 30, 2024
(In thousands) | Community and Commercial Banking |  | Other |  | Consolidated |  | Community and Commercial Banking |  | Other |  | Consolidated
Net interest income | $ | 185,237 |  |  | $ | 1,424 |  |  | $ | 186,661 |  |  | $ | 157,510 |  |  | $ | 202 |  |  | $ | 157,712 |
Noninterest income (loss) | (766,254) |  |  | 10,067 |  |  | (756,187) |  |  | 7,877 |  |  | 9,253 |  |  | 17,130 |
Total net revenue (loss) | (581,017) |  |  | 11,491 |  |  | (569,526) |  |  | 165,387 |  |  | 9,455 |  |  | 174,842 |
Noninterest expense: |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits | 71,855 |  |  | 4,394 |  |  | 76,249 |  |  | 64,631 |  |  | 4,536 |  |  | 69,167 |
Occupancy expense, net | 11,599 |  |  | 507 |  |  | 12,106 |  |  | 11,761 |  |  | 455 |  |  | 12,216 |
Furniture and equipment expense | 5,275 |  |  | — |  |  | 5,275 |  |  | 5,612 |  |  | — |  |  | 5,612 |
Deposit insurance | 5,175 |  |  | — |  |  | 5,175 |  |  | 5,571 |  |  | — |  |  | 5,571 |
Other operating expenses (1) | 41,576 |  |  | 1,651 |  |  | 43,227 |  |  | 43,546 |  |  | 1,081 |  |  | 44,627 |
Total noninterest expense | 135,480 |  |  | 6,552 |  |  | 142,032 |  |  | 131,121 |  |  | 6,072 |  |  | 137,193 |
Income (loss) before provision for credit losses and income taxes | (716,497) |  |  | 4,939 |  |  | (711,558) |  |  | 34,266 |  |  | 3,383 |  |  | 37,649 |
Provision for credit losses | 11,966 |  |  | — |  |  | 11,966 |  |  | 12,148 |  |  | — |  |  | 12,148 |
Income tax expense (benefit) | (160,735) |  |  | 3 |  |  | (160,732) |  |  | 754 |  |  | 7 |  |  | 761 |
Net income (loss) | $ | (567,728) |  |  | $ | 4,936 |  |  | $ | (562,792) |  |  | $ | 21,364 |  |  | $ | 3,376 |  |  | $ | 24,740 |
| Nine Months Ended
| September 30, 2025 |  | September 30, 2024
(In thousands) | Community and Commercial Banking |  | Other |  | Consolidated |  | Community and Commercial Banking |  | Other |  | Consolidated
Net interest income | $ | 520,499 |  |  | $ | 1,408 |  |  | $ | 521,907 |  |  | $ | 463,191 |  |  | $ | 332 |  |  | $ | 463,523 |
Noninterest income (loss) | (697,129) |  |  | 29,451 |  |  | (667,678) |  |  | 76,104 |  |  | 27,509 |  |  | 103,613 |
Total net revenue (loss) | (176,630) |  |  | 30,859 |  |  | (145,771) |  |  | 539,295 |  |  | 27,841 |  |  | 567,136 |
Noninterest expense: |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits | 211,055 |  |  | 13,880 |  |  | 224,935 |  |  | 198,781 |  |  | 13,755 |  |  | 212,536 |
Occupancy expense, net | 35,134 |  |  | 1,467 |  |  | 36,601 |  |  | 34,988 |  |  | 1,350 |  |  | 36,338 |
Furniture and equipment expense | 16,214 |  |  | — |  |  | 16,214 |  |  | 16,374 |  |  | 2 |  |  | 16,376 |
Deposit insurance | 15,483 |  |  | — |  |  | 15,483 |  |  | 18,388 |  |  | — |  |  | 18,388 |
Other operating expenses (1) | 127,366 |  |  | 4,602 |  |  | 131,968 |  |  | 128,413 |  |  | 4,375 |  |  | 132,788 |
Total noninterest expense | 405,252 |  |  | 19,949 |  |  | 425,201 |  |  | 396,944 |  |  | 19,482 |  |  | 416,426 |
Income (loss) before provision for credit losses and income taxes | (581,882) |  |  | 10,910 |  |  | (570,972) |  |  | 142,351 |  |  | 8,359 |  |  | 150,710 |
Provision for credit losses | 50,708 |  |  | — |  |  | 50,708 |  |  | 33,453 |  |  | — |  |  | 33,453 |
Income tax expense (benefit) | (146,067) |  |  | 18 |  |  | (146,049) |  |  | 12,828 |  |  | 55 |  |  | 12,883 |
Net income (loss) | $ | (486,523) |  |  | $ | 10,892 |  |  | $ | (475,631) |  |  | $ | 96,070 |  |  | $ | 8,304 |  |  | $ | 104,374 |
(In thousands) | Community and Commercial Banking |  | Other |  | Consolidated |  |  |  |  |  |
Assets as of: |  |  |  |  |  |  |  |  |  |  |
September 30, 2025 | $ | 24,203,137 |  |  | $ | 5,025 |  |  | $ | 24,208,162 |  |  |  |  |  |  |
September 30, 2024 | $ | 27,263,125 |  |  | $ | 6,279 |  |  | $ | 27,269,404 |  |  |  |  |  |  |
_________________________ (1) Other operating expenses primarily include professional services, marketing, software and technology, amortization of intangibles and other general operating 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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