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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2023
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenue According to Revenue Stream and Business Segment

The following table depicts the disaggregation of noninterest income according to revenue stream and Business Segment for the three and six months ended June 30, 2023 and June 30, 2022. As stated in Note 8, “Business Segment Reporting,” for comparability purposes, amounts in all periods are based on methodologies in effect at June 30, 2023 and previously reported results have been reclassified in this Form 10-Q to conform to the Company’s current organizational structure.

Disaggregated revenue is as follows (in thousands):

 

 

 

Three Months Ended June 30, 2023

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

48,413

 

 

$

13,176

 

 

$

 

 

$

61,589

 

Trading and investment banking

 

 

 

 

 

155

 

 

 

 

 

 

4,645

 

 

 

4,800

 

Service charges on deposit accounts

 

 

9,778

 

 

 

10,159

 

 

 

1,420

 

 

 

24

 

 

 

21,381

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

225

 

 

 

 

 

 

225

 

Brokerage fees

 

 

65

 

 

 

11,687

 

 

 

1,852

 

 

 

 

 

 

13,604

 

Bankcard fees

 

 

16,868

 

 

 

6,662

 

 

 

5,698

 

 

 

(10,649

)

 

 

18,579

 

Investment securities gains, net

 

 

 

 

 

 

 

 

 

 

 

900

 

 

 

900

 

Other

 

 

165

 

 

 

520

 

 

 

612

 

 

 

15,707

 

 

 

17,004

 

Total Noninterest income

 

$

26,876

 

 

$

77,596

 

 

$

22,983

 

 

$

10,627

 

 

$

138,082

 

 

 

 

Three Months Ended June 30, 2022

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

45,355

 

 

$

13,531

 

 

$

 

 

$

58,886

 

Trading and investment banking

 

 

 

 

 

60

 

 

 

 

 

 

7,063

 

 

 

7,123

 

Service charges on deposit accounts

 

 

8,696

 

 

 

10,250

 

 

 

1,839

 

 

 

50

 

 

 

20,835

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

245

 

 

 

 

 

 

245

 

Brokerage fees

 

 

75

 

 

 

10,350

 

 

 

1,966

 

 

 

 

 

 

12,391

 

Bankcard fees

 

 

15,757

 

 

 

5,553

 

 

 

5,913

 

 

 

(9,383

)

 

 

17,840

 

Investment securities gains, net

 

 

 

 

 

 

 

 

 

 

 

60,720

 

 

 

60,720

 

Other

 

 

232

 

 

 

479

 

 

 

694

 

 

 

(3,110

)

 

 

(1,705

)

Total Noninterest income

 

$

24,760

 

 

$

72,047

 

 

$

24,188

 

 

$

55,340

 

 

$

176,335

 

 

 

 

 

Six Months Ended June 30, 2023

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

97,592

 

 

$

26,356

 

 

$

 

 

$

123,948

 

Trading and investment banking

 

 

 

 

 

313

 

 

 

 

 

 

9,795

 

 

 

10,108

 

Service charges on deposit accounts

 

 

18,305

 

 

 

20,898

 

 

 

3,295

 

 

 

42

 

 

 

42,540

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

499

 

 

 

 

 

 

499

 

Brokerage fees

 

 

128

 

 

 

23,482

 

 

 

3,670

 

 

 

 

 

 

27,280

 

Bankcard fees

 

 

32,500

 

 

 

13,340

 

 

 

11,292

 

 

 

(20,381

)

 

 

36,751

 

Investment securities losses, net

 

 

 

 

 

 

 

 

 

 

 

(4,424

)

 

 

(4,424

)

Other

 

 

390

 

 

 

978

 

 

 

1,318

 

 

 

28,894

 

 

 

31,580

 

Total Noninterest income

 

$

51,323

 

 

$

156,603

 

 

$

46,430

 

 

$

13,926

 

 

$

268,282

 

 

 

 

Six Months Ended June 30, 2022

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

90,840

 

 

$

27,574

 

 

$

 

 

$

118,414

 

Trading and investment banking

 

 

 

 

 

216

 

 

 

 

 

 

12,347

 

 

 

12,563

 

Service charges on deposit accounts

 

 

17,641

 

 

 

24,140

 

 

 

3,576

 

 

 

120

 

 

 

45,477

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

504

 

 

 

 

 

 

504

 

Brokerage fees

 

 

108

 

 

 

11,834

 

 

 

3,905

 

 

 

 

 

 

15,847

 

Bankcard fees

 

 

29,731

 

 

 

10,884

 

 

 

11,132

 

 

 

(17,272

)

 

 

34,475

 

Investment securities gains, net

 

 

 

 

 

 

 

 

 

 

 

60,198

 

 

 

60,198

 

Other

 

 

396

 

 

 

903

 

 

 

1,379

 

 

 

9,857

 

 

 

12,535

 

Total Noninterest income

 

$

47,876

 

 

$

138,817

 

 

$

48,070

 

 

$

65,250

 

 

$

300,013