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Revenue Recognition (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2023 and September 30, 2022. As stated in Note 8, “Business Segment Reporting,” for comparability purposes, amounts in all periods are based on methodologies in effect at September 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 September 30, 2023

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

52,939

 

 

$

13,729

 

 

$

 

 

$

66,668

 

Trading and investment banking

 

 

 

 

 

118

 

 

 

 

 

 

3,653

 

 

 

3,771

 

Service charges on deposit accounts

 

 

9,845

 

 

 

9,917

 

 

 

1,292

 

 

 

26

 

 

 

21,080

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

272

 

 

 

 

 

 

272

 

Brokerage fees

 

 

69

 

 

 

11,353

 

 

 

1,978

 

 

 

 

 

 

13,400

 

Bankcard fees

 

 

16,763

 

 

 

6,337

 

 

 

5,483

 

 

 

(9,287

)

 

 

19,296

 

Investment securities gains, net

 

 

 

 

 

 

 

 

 

 

 

271

 

 

 

271

 

Other

 

 

223

 

 

 

839

 

 

 

653

 

 

 

6,844

 

 

 

8,559

 

Total Noninterest income

 

$

26,900

 

 

$

81,503

 

 

$

23,407

 

 

$

1,507

 

 

$

133,317

 

 

 

 

Three Months Ended September 30, 2022

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

46,385

 

 

$

13,201

 

 

$

 

 

$

59,586

 

Trading and investment banking

 

 

 

 

 

(38

)

 

 

 

 

 

5,425

 

 

 

5,387

 

Service charges on deposit accounts

 

 

8,357

 

 

 

9,564

 

 

 

1,978

 

 

 

33

 

 

 

19,932

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

375

 

 

 

 

 

 

375

 

Brokerage fees

 

 

66

 

 

 

11,904

 

 

 

1,870

 

 

 

 

 

 

13,840

 

Bankcard fees

 

 

16,656

 

 

 

5,350

 

 

 

5,951

 

 

 

(8,578

)

 

 

19,379

 

Investment securities losses, net

 

 

 

 

 

 

 

 

 

 

 

(1,345

)

 

 

(1,345

)

Other

 

 

202

 

 

 

477

 

 

 

694

 

 

 

10,196

 

 

 

11,569

 

Total Noninterest income

 

$

25,281

 

 

$

73,642

 

 

$

24,069

 

 

$

5,731

 

 

$

128,723

 

 

 

 

 

Nine Months Ended September 30, 2023

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

150,531

 

 

$

40,085

 

 

$

 

 

$

190,616

 

Trading and investment banking

 

 

 

 

 

431

 

 

 

 

 

 

13,448

 

 

 

13,879

 

Service charges on deposit accounts

 

 

28,150

 

 

 

30,815

 

 

 

4,587

 

 

 

68

 

 

 

63,620

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

771

 

 

 

 

 

 

771

 

Brokerage fees

 

 

197

 

 

 

34,835

 

 

 

5,648

 

 

 

 

 

 

40,680

 

Bankcard fees

 

 

49,263

 

 

 

19,677

 

 

 

16,775

 

 

 

(29,668

)

 

 

56,047

 

Investment securities losses, net

 

 

 

 

 

 

 

 

 

 

 

(4,153

)

 

 

(4,153

)

Other

 

 

613

 

 

 

1,817

 

 

 

1,971

 

 

 

35,738

 

 

 

40,139

 

Total Noninterest income

 

$

78,223

 

 

$

238,106

 

 

$

69,837

 

 

$

15,433

 

 

$

401,599

 

 

 

 

Nine Months Ended September 30, 2022

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

137,225

 

 

$

40,775

 

 

$

 

 

$

178,000

 

Trading and investment banking

 

 

 

 

 

178

 

 

 

 

 

 

17,772

 

 

 

17,950

 

Service charges on deposit accounts

 

 

25,998

 

 

 

33,704

 

 

 

5,554

 

 

 

153

 

 

 

65,409

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

879

 

 

 

 

 

 

879

 

Brokerage fees

 

 

174

 

 

 

23,738

 

 

 

5,775

 

 

 

 

 

 

29,687

 

Bankcard fees

 

 

46,387

 

 

 

16,234

 

 

 

17,083

 

 

 

(25,850

)

 

 

53,854

 

Investment securities gains, net

 

 

 

 

 

 

 

 

 

 

 

58,853

 

 

 

58,853

 

Other

 

 

598

 

 

 

1,380

 

 

 

2,073

 

 

 

20,053

 

 

 

24,104

 

Total Noninterest income

 

$

73,157

 

 

$

212,459

 

 

$

72,139

 

 

$

70,981

 

 

$

428,736