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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2024
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, 2024 and June 30, 2023. As stated in Note 8, “Business Segment Reporting,” for comparability purposes, amounts in all periods are based on methodologies in

effect at June 30, 2024 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, 2024

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

55,310

 

 

$

14,700

 

 

$

 

 

$

70,010

 

Trading and investment banking

 

 

 

 

 

501

 

 

 

 

 

 

4,960

 

 

 

5,461

 

Service charges on deposit accounts

 

 

10,492

 

 

 

10,424

 

 

 

1,317

 

 

 

28

 

 

 

22,261

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

267

 

 

 

 

 

 

267

 

Brokerage fees

 

 

65

 

 

 

12,079

 

 

 

1,876

 

 

 

 

 

 

14,020

 

Bankcard fees

 

 

18,775

 

 

 

8,499

 

 

 

5,455

 

 

 

(10,383

)

 

 

22,346

 

Investment securities losses, net

 

 

 

 

 

 

 

 

 

 

 

(1,867

)

 

 

(1,867

)

Other

 

 

162

 

 

 

788

 

 

 

659

 

 

 

10,812

 

 

 

12,421

 

Total Noninterest income

 

$

29,494

 

 

$

87,601

 

 

$

24,274

 

 

$

3,550

 

 

$

144,919

 

 

 

 

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

 

 

 

 

Six Months Ended June 30, 2024

 

NONINTEREST INCOME

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Revenue (Expense) out of Scope of ASC 606

 

 

Total

 

Trust and securities processing

 

$

 

 

$

110,551

 

 

$

28,937

 

 

$

 

 

$

139,488

 

Trading and investment banking

 

 

 

 

 

546

 

 

 

 

 

 

10,377

 

 

 

10,923

 

Service charges on deposit accounts

 

 

20,843

 

 

 

19,519

 

 

 

2,601

 

 

 

55

 

 

 

43,018

 

Insurance fees and commissions

 

 

 

 

 

 

 

 

550

 

 

 

 

 

 

550

 

Brokerage fees

 

 

133

 

 

 

23,402

 

 

 

3,645

 

 

 

 

 

 

27,180

 

Bankcard fees

 

 

35,323

 

 

 

16,656

 

 

 

10,601

 

 

 

(18,266

)

 

 

44,314

 

Investment securities gains, net

 

 

 

 

 

 

 

 

 

 

 

7,504

 

 

 

7,504

 

Other

 

 

300

 

 

 

1,587

 

 

 

1,334

 

 

 

27,965

 

 

 

31,186

 

Total Noninterest income

 

$

56,599

 

 

$

172,261

 

 

$

47,668

 

 

$

27,635

 

 

$

304,163

 

 

 

 

 

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