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Segment financial information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Financial Information

(in thousands)						Electric utility						All other						Total
Three months ended March 31, 2025
Revenues						$	738,366					$	5,704					$	744,070
Income (loss) from continuing operations before income taxes						61,519						(27,980)						33,539
Income taxes (benefit)						13,204						(6,809)						6,395
Net income (loss) from continuing operations						48,315						(21,171)						27,144
Preferred stock dividends of subsidiaries						499						(26)						473
Net income (loss) from continuing operations for common stock						47,816						(21,145)						26,671
Total assets (at March 31, 2025)						$	7,864,144					$	902,037					$	8,766,181
Three months ended March 31, 2024
Revenues						$	788,578					$	3,436					$	792,014
Income (loss) from continuing operations before income taxes						50,900						(22,444)						28,456
Income taxes (benefit)						11,180						(4,385)						6,795
Net income (loss) from continuing operations						39,720						(18,059)						21,661
Preferred stock dividends of subsidiaries						499						(26)						473
Net income (loss) from continuing operations for common stock						39,221						(18,033)						21,188
Total assets (at December 31, 2024)						$	7,613,604					$	1,317,812					$	8,931,416

Summary of Discontinued Operations

The following table summarizes the income from discontinued operations included in the Company’s Condensed Consolidated Statements of Income for the three months ended March 31, 2024:

(in thousands)																		Three months ended March 31, 2024
Interest and dividend income
Interest and fees on loans																		$	72,971
Interest and dividends on investment securities																		14,964
Total interest and dividend income																		87,935
Interest expense
Interest on deposit liabilities																		17,432
Interest on other borrowings																		8,154
Total interest expense																		25,586
Net interest income																		62,349
Provision for credit losses																		(2,159)
Net interest income after provision for credit losses																		64,508
Noninterest income
Fees from other financial services																		4,874
Fee income on deposit liabilities																		4,898
Fee income on other financial products																		2,743
Bank-owned life insurance																		3,584
Mortgage banking income																		424
Other income, net																		686
Total noninterest income																		17,209
Noninterest expense
Compensation and employee benefits																		32,459
Occupancy																		5,063
Data processing																		4,846
Services																		4,151
Equipment																		2,649
Office supplies, printing and postage																		1,018
Marketing																		776
Other expense																		4,942
Total noninterest expense																		55,904
Income before income taxes from discontinued operations																		25,813
Income taxes																		4,879
Income from discontinued operations																		$	20,934

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- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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