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Business Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Financial Results

Business Segment financial results for the three months ended March 31, 2022 and March 31, 2021 were as follows (in thousands):

 

 

 

Three Months Ended March 31, 2022

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

145,002

 

 

$

26,253

 

 

$

39,100

 

 

$

210,355

 

Provision for credit losses

 

 

(7,040

)

 

 

151

 

 

 

389

 

 

 

(6,500

)

Noninterest income

 

 

26,707

 

 

 

73,262

 

 

 

23,709

 

 

 

123,678

 

Noninterest expense

 

 

79,596

 

 

 

75,592

 

 

 

59,590

 

 

 

214,778

 

Income before taxes

 

 

99,153

 

 

 

23,772

 

 

 

2,830

 

 

 

125,755

 

Income tax expense

 

 

15,606

 

 

 

3,741

 

 

 

445

 

 

 

19,792

 

Net income

 

$

83,547

 

 

$

20,031

 

 

$

2,385

 

 

$

105,963

 

Average assets

 

$

16,827,000

 

 

$

14,677,000

 

 

$

7,650,000

 

 

$

39,154,000

 

 

 

 

Three Months Ended March 31, 2021

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

136,410

 

 

$

22,138

 

 

$

35,567

 

 

$

194,115

 

Provision for credit losses

 

 

(8,178

)

 

 

220

 

 

 

458

 

 

 

(7,500

)

Noninterest income

 

 

8,176

 

 

 

68,421

 

 

 

32,300

 

 

 

108,897

 

Noninterest expense

 

 

69,725

 

 

 

71,282

 

 

 

59,939

 

 

 

200,946

 

Income before taxes

 

 

83,039

 

 

 

19,057

 

 

 

7,470

 

 

 

109,566

 

Income tax expense

 

 

12,826

 

 

 

2,943

 

 

 

1,154

 

 

 

16,923

 

Net income

 

$

70,213

 

 

$

16,114

 

 

$

6,316

 

 

$

92,643

 

Average assets

 

$

14,204,000

 

 

$

11,603,000

 

 

$

7,245,000

 

 

$

33,052,000