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BUSINESS SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Schedule of Segment Financial Results

Segment financial results were as follows (in thousands):

 

 

 

Year Ended December 31, 2020

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

475,425

 

 

$

106,856

 

 

$

148,948

 

 

$

731,229

 

Provision for credit losses

 

 

119,424

 

 

 

882

 

 

 

10,194

 

 

 

130,500

 

Noninterest income

 

 

189,412

 

 

 

254,874

 

 

 

115,880

 

 

 

560,166

 

Noninterest expense

 

 

272,283

 

 

 

286,635

 

 

 

263,087

 

 

 

822,005

 

Income (loss) before taxes

 

 

273,130

 

 

 

74,213

 

 

 

(8,453

)

 

 

338,890

 

Income tax expense (benefit)

 

 

42,223

 

 

 

11,472

 

 

 

(1,307

)

 

 

52,388

 

Income (loss) from continuing operations

 

$

230,907

 

 

$

62,741

 

 

$

(7,146

)

 

$

286,502

 

Average assets

 

$

12,614,000

 

 

$

9,746,000

 

 

$

6,208,000

 

 

$

28,568,000

 

 

 

 

Year Ended December 31, 2019

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

412,232

 

 

$

126,591

 

 

$

132,082

 

 

$

670,905

 

Provision for credit losses

 

 

26,159

 

 

 

975

 

 

 

5,716

 

 

 

32,850

 

Noninterest income

 

 

81,609

 

 

 

232,444

 

 

 

112,717

 

 

 

426,770

 

Noninterest expense

 

 

267,345

 

 

 

268,423

 

 

 

243,092

 

 

 

778,860

 

Income (loss) before taxes

 

 

200,337

 

 

 

89,637

 

 

 

(4,009

)

 

 

285,965

 

Income tax expense (benefit)

 

 

29,679

 

 

 

13,280

 

 

 

(594

)

 

 

42,365

 

Income (loss) from continuing operations

 

$

170,658

 

 

$

76,357

 

 

$

(3,415

)

 

$

243,600

 

Average assets

 

$

10,740,000

 

 

$

7,714,000

 

 

$

5,331,000

 

 

$

23,785,000

 

 

 

 

Year Ended December 31, 2018

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

380,266

 

 

$

105,135

 

 

$

125,045

 

 

$

610,446

 

Provision for credit losses

 

 

63,841

 

 

 

1,335

 

 

 

5,574

 

 

 

70,750

 

Noninterest income

 

 

74,931

 

 

 

208,423

 

 

 

118,344

 

 

 

401,698

 

Noninterest expense

 

 

253,740

 

 

 

238,654

 

 

 

225,406

 

 

 

717,800

 

Income before taxes

 

 

137,616

 

 

 

73,569

 

 

 

12,409

 

 

 

223,594

 

Income tax expense

 

 

16,824

 

 

 

8,993

 

 

 

1,517

 

 

 

27,334

 

Income from continuing operations

 

$

120,792

 

 

$

64,576

 

 

$

10,892

 

 

$

196,260

 

Average assets

 

$

9,858,000

 

 

$

6,184,000

 

 

$

4,958,000

 

 

$

21,000,000