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Operating Segments (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | 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 Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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