Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Operating Information for Reportable Segments

The following is a summary of certain operating information for reportable segments:


	Three Months Ended				$ Change in Contribution		% Change in Contribution
(Dollars in thousands)	September 30, 2024		September 30, 2023
Net interest income:
Community Banking	$	396,894	$	360,575	$	36,319	10	%
Specialty Finance	88,448		85,427		3,021		4
Wealth Management	6,932		7,997		(1,065)		(13)
Total Operating Segments	492,274		453,999		38,275		8
Intersegment Eliminations	10,309		8,359		1,950		23
Consolidated net interest income	$	502,583	$	462,358	$	40,225	9	%
Provision for credit losses:
Community Banking	$	20,475	$	16,742	$	3,733	22	%
Specialty Finance	1,859		3,181		(1,322)		(42)
Wealth Management	—		—		—		—
Total Operating Segments	22,334		19,923		2,411		12
Intersegment Eliminations	—		—		—		—
Consolidated provision for credit losses	$	22,334	$	19,923	$	2,411	12	%
Non-interest income:
Community Banking	$	66,323	$	70,536	$	(4,213)	(6)	%
Specialty Finance	29,587		20,793		8,794		42
Wealth Management	37,431		37,312		119		0
Total Operating Segments	133,341		128,641		4,700		4
Intersegment Eliminations	(20,194)		(16,163)		(4,031)		25
Consolidated non-interest income	$	113,147	$	112,478	$	669	1	%
Net revenue:
Community Banking	$	463,217	$	431,111	$	32,106	7	%
Specialty Finance	118,035		106,220		11,815		11
Wealth Management	44,363		45,309		(946)		(2)
Total Operating Segments	625,615		582,640		42,975		7
Intersegment Eliminations	(9,885)		(7,804)		(2,081)		27
Consolidated net revenue	$	615,730	$	574,836	$	40,894	7	%
Segment profit:
Community Banking	$	115,213	$	115,156	$	57	0	%
Specialty Finance	46,803		40,548		6,255		15
Wealth Management	7,985		8,494		(509)		(6)
Consolidated net income	$	170,001	$	164,198	$	5,803	4	%
Segment assets:
Community Banking	$	51,598,626	$	43,801,560	$	7,797,066	18	%
Specialty Finance	11,047,585		10,521,547		526,038		5
Wealth Management	1,142,213		1,232,139		(89,926)		(7)
Consolidated total assets	$	63,788,424	$	55,555,246	$	8,233,178	15	%

NM - Not meaningful


	Nine Months Ended				$ Change in Contribution		% Change in Contribution
(Dollars in thousands)	September 30, 2024		September 30, 2023
Net interest income:
Community Banking	$	1,119,411	$	1,076,655	$	42,756	4	%
Specialty Finance	265,921		240,771		25,150		10
Wealth Management	22,618		24,356		(1,738)		(7)
Total Operating Segments	1,407,950		1,341,782		66,168		5
Intersegment Eliminations	29,437		26,108		3,329		13
Consolidated net interest income	$	1,437,387	$	1,367,890	$	69,497	5	%
Provision for credit losses:
Community Banking	$	77,192	$	64,554	$	12,638	20	%
Specialty Finance	6,876		6,928		(52)		(1)
Wealth Management	—		—		—		—
Total Operating Segments	84,068		71,482		12,586		18
Intersegment Eliminations	—		—		—		—
Consolidated provision for credit losses	$	84,068	$	71,482	$	12,586	18	%
Non-interest income:
Community Banking	$	212,578	$	207,399	$	5,179	2	%
Specialty Finance	89,221		78,320		10,901		14
Wealth Management	131,521		101,000		30,521		30
Total Operating Segments	433,320		386,719		46,601		12
Intersegment Eliminations	(58,446)		(53,442)		(5,004)		9
Consolidated non-interest income	$	374,874	$	333,277	$	41,597	12	%
Net revenue:
Community Banking	$	1,331,989	$	1,284,054	$	47,935	4	%
Specialty Finance	355,142		319,091		36,051		11
Wealth Management	154,139		125,356		28,783		23
Total Operating Segments	1,841,270		1,728,501		112,769		7
Intersegment Eliminations	(29,009)		(27,334)		(1,675)		6
Consolidated net revenue	$	1,812,261	$	1,701,167	$	111,094	7	%
Segment profit:
Community Banking	$	326,495	$	351,905	$	(25,410)	18	%
Specialty Finance	142,417		123,687		18,730		5
Wealth Management	40,771		23,554		17,217		(7)
Consolidated net income	$	509,683	$	499,146	$	10,537	15	%

NM - Not meaningful