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v3.25.1

Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following presents our operating segment income statement, including significant expense categories, regularly reviewed by the CODM, and the reconciliation of segment net earnings to consolidated net earnings for the periods indicated:
| Three Months Ended |  |
Income Statement | March 31, |  | December 31, |  | March 31, |  |
Commercial Banking Segment | 2025 |  | 2024 |  | 2024 |  |  |  |
| (Unaudited)
| (In thousands)
Total interest income | $ | 406,655 |  |  | $ | 424,519 |  |  | $ | 478,704 |  |  |  |  |
Total interest expense | 174,291 |  |  | 189,234 |  |  | 249,602 |  |  |  |  |
Net interest income | 232,364 |  |  | 235,285 |  |  | 229,102 |  |  |  |  |
Provision for credit losses | 9,300 |  |  | 12,801 |  |  | 10,000 |  |  |  |  |
Net interest income after provision for credit losses | 223,064 |  |  | 222,484 |  |  | 219,102 |  |  |  |  |
Noninterest income | 33,650 |  |  | 28,989 |  |  | 33,816 |  |  |  |  |
Noninterest expense: |  |  |  |  |  |  |  |  |
Compensation | 86,417 |  |  | 77,661 |  |  | 92,236 |  |  |  |  |
Customer related expense | 27,751 |  |  | 31,672 |  |  | 30,919 |  |  |  |  |
Insurance and assessments | 7,283 |  |  | 11,179 |  |  | 20,461 |  |  |  |  |
Occupancy | 15,010 |  |  | 15,678 |  |  | 17,968 |  |  |  |  |
Information technology and data processing | 15,099 |  |  | 14,546 |  |  | 15,418 |  |  |  |  |
Intangible asset amortization | 7,160 |  |  | 7,770 |  |  | 8,404 |  |  |  |  |
Leased equipment depreciation | 6,741 |  |  | 7,096 |  |  | 7,520 |  |  |  |  |
Other professional services | 4,513 |  |  | 5,498 |  |  | 5,075 |  |  |  |  |
Loan expense | 2,930 |  |  | 4,489 |  |  | 4,491 |  |  |  |  |
Acquisition, integration and reorganization costs | — |  |  | (1,023) |  |  | — |  |  |  |  |
Other expense(1) | 10,749 |  |  | 6,804 |  |  | 8,026 |  |  |  |  |
Total noninterest expense | 183,653 |  |  | 181,370 |  |  | 210,518 |  |  |  |  |
Earnings before income taxes | 73,061 |  |  | 70,103 |  |  | 42,400 |  |  |  |  |
Income tax expense | 19,493 |  |  | 13,184 |  |  | 11,548 |  |  |  |  |
Segment net earnings(2) | $ | 53,568 |  |  | $ | 56,919 |  |  | $ | 30,852 |  |  |  |  |
_________________________ (1) Includes business development expense, communications expense, stationery and supplies, employee related expenses, operating and other losses, OREO expenses, and other corporate overhead and operating expenses. (2) Segment earnings is the same as net earnings reported on the condensed consolidated statements of earnings. The following presents our operating segment balance sheet information and the reconciliation of segment assets to consolidated total assets as of the dates indicated:
Balance Sheet Data | March 31, |  | December 31, |  |
Commercial Banking Segment | 2025 |  | 2024 |  |
| (In thousands) |  |
Segment total assets (1) | $ | 33,779,918 |  |  | $ | 33,542,864 |  |  |
_________________________ (1) Segment total assets is the same as total assets reported on the condensed consolidated balance sheets.

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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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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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