Business Segments (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of operating results and other key financial measures for the individual operating segments

The following tables present the operating results and other key financial measures for the individual operating segments as of and for the three months ended March 31, 2022 and 2021:



($ in thousands)	Consumer and Business Banking		Commercial Banking		Other		Total
Three Months Ended March 31, 2022






Net interest income (loss) before provision for credit losses	$	213,214	$	208,077	$	(5,678)	$	415,613
Provision for credit losses	3,104		4,896		—		8,000
Noninterest income	25,199		49,077		5,467		79,743
Noninterest expense	96,095		73,395		19,960		189,450
Segment income (loss) before income taxes	139,214		178,863		(20,171)		297,906

Segment net income	$	99,164	$	127,507	$	10,981	$	237,652
As of March 31, 2022

Segment assets	$	15,338,579	$	30,199,416	$	16,703,461	$	62,241,456



($ in thousands)	Consumer and Business Banking		Commercial Banking		Other		Total
Three Months Ended March 31, 2021






Net interest income before (reversal of) provision for credit losses	$	149,899	$	177,092	$	26,704	$	353,695
(Reversal of) provision for credit losses	(4,249)		4,249		—		—
Noninterest income (1)	23,442		47,396		2,028		72,866
Noninterest expense	89,286		69,257		32,534		191,077
Segment income (loss) before income taxes (1)	88,304		150,982		(3,802)		235,484

Segment net income (1)	$	63,251	$	108,207	$	33,536	$	204,994
As of March 31, 2021

Segment assets	$	14,147,094	$	27,222,272	$	15,504,780	$	56,874,146

(1)During the fourth quarter of 2021, the Company enhanced its segment allocation methodology related to the fair values of interest rate and commodity derivative contracts, which are included in noninterest income. These fair values, which were previously allocated to the “Commercial Banking” segment prior to the fourth quarter of 2021, have since been reclassified between “Consumer and Business Banking” and “Commercial Banking.” Balances for the first quarter of 2021 have been reclassified to reflect these allocation changes for comparability.