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Business Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Financial Results

Business Segment financial results for the three months ended March 31, 2024 and March 31, 2023 were as follows (in thousands):

 

 

 

Three Months Ended March 31, 2024

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

157,247

 

 

$

49,860

 

 

$

32,327

 

 

$

239,434

 

Provision for credit losses

 

 

7,520

 

 

 

479

 

 

 

2,001

 

 

 

10,000

 

Noninterest income

 

 

42,966

 

 

 

92,716

 

 

 

23,562

 

 

 

159,244

 

Noninterest expense

 

 

92,420

 

 

 

100,376

 

 

 

62,008

 

 

 

254,804

 

Income (loss) before taxes

 

 

100,273

 

 

 

41,721

 

 

 

(8,120

)

 

 

133,874

 

Income tax expense (benefit)

 

 

17,223

 

 

 

7,656

 

 

 

(1,263

)

 

 

23,616

 

Net income (loss)

 

$

83,050

 

 

$

34,065

 

 

$

(6,857

)

 

$

110,258

 

Average assets

 

$

21,488,000

 

 

$

13,589,000

 

 

$

6,940,000

 

 

$

42,017,000

 

 

 

 

Three Months Ended March 31, 2023

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

151,027

 

 

$

55,085

 

 

$

35,584

 

 

$

241,696

 

Provision for credit losses

 

 

21,045

 

 

 

96

 

 

 

2,109

 

 

 

23,250

 

Noninterest income

 

 

22,902

 

 

 

84,238

 

 

 

23,060

 

 

 

130,200

 

Noninterest expense

 

 

84,002

 

 

 

89,372

 

 

 

63,678

 

 

 

237,052

 

Income (loss) before taxes

 

 

68,882

 

 

 

49,855

 

 

 

(7,143

)

 

 

111,594

 

Income tax expense (benefit)

 

 

11,646

 

 

 

8,504

 

 

 

(993

)

 

 

19,157

 

Net income (loss)

 

$

57,236

 

 

$

41,351

 

 

$

(6,150

)

 

$

92,437

 

Average assets

 

$

19,521,000

 

 

$

12,443,000

 

 

$

6,539,000

 

 

$

38,503,000