Goodwill and Other Acquisition-Related Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill Assets by Business Segment

A summary of the Company’s goodwill assets by reporting unit is presented in the following table:

(In thousands)	December 31, 2023		Goodwill Acquired		Impairment Loss		Goodwill Adjustments		September 30, 2024
Community banking	$	545,671	$	144,586	$	—	$	—	$	690,257
Specialty finance	39,006		—		—		(478)		38,528
Wealth management	71,995		—		—		—		71,995
Total	$	656,672	$	144,586	$	—	$	(478)	$	800,780

Schedule of Indefinite-Lived Intangible Assets

A summary of acquisition-related intangible assets as of the dates shown and the expected amortization of finite-lived acquisition-related intangible assets as of September 30, 2024 is as follows:

(In thousands)	September 30, 2024		December 31, 2023		September 30, 2023
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	154,506	$	55,206	$	55,206
Accumulated amortization	(51,358)		(46,125)		(45,304)
Net carrying amount	$	103,148	$	9,081	$	9,902
Trademark with indefinite lives:
Carrying amount	13,800		5,800		5,800
Total net carrying amount	$	116,948	$	14,881	$	15,702
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,962	$	1,963	$	1,962
Accumulated amortization	(1,871)		(1,837)		(1,826)
Net carrying amount	$	91	$	126	$	136
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	26,630	$	26,630	$	26,630
Accumulated amortization	(19,803)		(18,748)		(18,224)
Net carrying amount	$	6,827	$	7,882	$	8,406
Total acquisition-related intangible assets:
Gross carrying amount	$	196,898	$	89,599	$	89,598
Accumulated amortization	(73,032)		(66,710)		(65,354)
Total other acquisition-related intangible assets, net	$	123,866	$	22,889	$	24,244

Summary of Finite-Lived Intangible Assets

A summary of acquisition-related intangible assets as of the dates shown and the expected amortization of finite-lived acquisition-related intangible assets as of September 30, 2024 is as follows:

(In thousands)	September 30, 2024		December 31, 2023		September 30, 2023
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	154,506	$	55,206	$	55,206
Accumulated amortization	(51,358)		(46,125)		(45,304)
Net carrying amount	$	103,148	$	9,081	$	9,902
Trademark with indefinite lives:
Carrying amount	13,800		5,800		5,800
Total net carrying amount	$	116,948	$	14,881	$	15,702
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,962	$	1,963	$	1,962
Accumulated amortization	(1,871)		(1,837)		(1,826)
Net carrying amount	$	91	$	126	$	136
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	26,630	$	26,630	$	26,630
Accumulated amortization	(19,803)		(18,748)		(18,224)
Net carrying amount	$	6,827	$	7,882	$	8,406
Total acquisition-related intangible assets:
Gross carrying amount	$	196,898	$	89,599	$	89,598
Accumulated amortization	(73,032)		(66,710)		(65,354)
Total other acquisition-related intangible assets, net	$	123,866	$	22,889	$	24,244

Schedule of Estimated Amortization

Estimated amortization
Actual in nine months ended September 30, 2024	$	6,322
Estimated remaining in 2024	5,501
Estimated—2025	20,784
Estimated—2026	18,268
Estimated—2027	15,848
Estimated—2028	13,477