| Summary of key operating results of business segments |
| | | | | | | | | | | | | | | | | | Wealth | | | | | | | (dollars in thousands) | | Banking | | Management | | Other | Total | Three Months Ended September 30, 2025: | | | | | | | | | | | | | Interest income | | $ | 134,737 | | $ | — | | $ | — | | $ | 134,737 | Interest expense | | | 86,686 | | | — | | | 1,973 | | | 88,659 | Net interest income | | | 48,051 | | | — | | | (1,973) | | | 46,078 | Provision for credit losses | | | 65,045 | | | — | | | — | | | 65,045 | Noninterest income | | | 10,834 | | | 7,033 | | | (348) | | | 17,519 | Noninterest expense | | | | | | | | | | | | | Compensation and benefits | | | 18,609 | | | 4,887 | | | 217 | | | 23,713 | Customer service costs | | | 9,068 | | | — | | | — | | | 9,068 | Professional services and marketing costs | | | 5,683 | | | 812 | | | 343 | | | 6,838 | Other | | | 16,849 | | | 679 | | | 335 | | | 17,863 | (Loss) income before income taxes | | | (56,369) | | | 655 | | | (3,216) | | | (58,930) | Income tax expense (benefit) | | | 79,775 | | | — | | | 7,618 | | | 87,393 | Net (loss) income | | $ | (136,144) | | $ | 655 | | $ | (10,834) | | $ | (146,323) | | | | | | | | | | | | | | Three Months Ended September 30, 2024: | | | | | | | | | | | | | Interest income | | $ | 157,156 | | $ | — | | $ | — | | $ | 157,156 | Interest expense | | | 106,317 | | | — | | | 1,720 | | | 108,037 | Net interest income | | | 50,839 | | | — | | | (1,720) | | | 49,119 | Provision (reversal) for credit losses | | | 282 | | | — | | | — | | | 282 | Noninterest income | | | 4,598 | | | 7,704 | | | (365) | | | 11,937 | LHFS LOCOM adjustment | | | (117,517) | | | — | | | — | | | (117,517) | Noninterest expense | | | | | | | | | | | | | Compensation and benefits | | | 15,688 | | | 4,154 | | | 167 | | | 20,009 | Customer service costs | | | 18,954 | | | — | | | — | | | 18,954 | Professional services and marketing costs | | | 3,298 | | | 994 | | | 803 | | | 5,095 | Other | | | 15,266 | | | 621 | | | 280 | | | 16,167 | (Loss) income before income taxes | | | (115,568) | | | 1,935 | | | (3,335) | | | (116,968) | Income tax (benefit) expense | | | (34,399) | | | 551 | | | (946) | | | (34,794) | Net (loss) income | | $ | (81,169) | | $ | 1,384 | | $ | (2,389) | | $ | (82,174) |
| | | | | | | | | | | | | | | | | | Wealth | | | | | | | (dollars in thousands) | | Banking | | Management | | Other | Total | Nine Months Ended September 30, 2025: | | | | | | | | | | | | | Interest income | | $ | 413,604 | | $ | — | | $ | — | | $ | 413,604 | Interest expense | | | 260,277 | | | — | | | 5,368 | | | 265,645 | Net interest income | | | 153,327 | | | — | | | (5,368) | | | 147,959 | Provision for credit losses | | | 70,828 | | | — | | | — | | | 70,828 | Noninterest income | | | 17,860 | | | 21,659 | | | (1,060) | | | 38,459 | Noninterest expense | | | | | | | | | | | | | Compensation and benefits | | | 56,952 | | | 15,733 | | | (974) | | | 71,711 | Customer service costs | | | 37,102 | | | — | | | — | | | 37,102 | Professional services and marketing costs | | | 16,022 | | | 2,849 | | | 1,113 | | | 19,984 | Other | | | 47,049 | | | 1,957 | | | 1,324 | | | 50,330 | (Loss) income before income taxes | | | (56,766) | | | 1,120 | | | (7,891) | | | (63,537) | Income tax expense (benefit) | | | 77,066 | | | 146 | | | 6,368 | | | 83,580 | Net (loss) income | | $ | (133,832) | | $ | 974 | | $ | (14,259) | | $ | (147,117) | | | | | | | | | | | | | | Nine Months Ended September 30, 2024: | | | | | | | | | | | | | Interest income | | $ | 458,523 | | $ | — | | $ | — | | $ | 458,523 | Interest expense | | | 322,059 | | | — | | | 5,130 | | | 327,189 | Net interest income | | | 136,464 | | | — | | | (5,130) | | | 131,334 | Provision (reversal) for credit losses | | | 53 | | | — | | | — | | | 53 | Noninterest income | | | 16,522 | | | 22,843 | | | (1,087) | | | 38,278 | LHFS LOCOM adjustment | | | (117,517) | | | — | | | — | | | (117,517) | Noninterest expense | | | | | | | | | | | | | Compensation and benefits | | | 45,681 | | | 12,328 | | | 502 | | | 58,511 | Customer service costs | | | 45,796 | | | — | | | — | | | 45,796 | Professional services and marketing costs | | | 8,486 | | | 2,821 | | | 845 | | | 12,152 | Other | | | 47,084 | | | 1,980 | | | 940 | | | 50,004 | (Loss) income before income taxes | | | (111,631) | | | 5,714 | | | (8,504) | | | (114,421) | Income tax (benefit) expense | | | (35,365) | | | 1,632 | | | (2,392) | | | (36,125) | Net (loss) income | | $ | (76,266) | | $ | 4,082 | | $ | (6,112) | | $ | (78,296) |
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