Business Segments (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Operating Results and Key Financial Measures by 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, 2025 and 2024:



($ in thousands)	Consumer and Business Banking		Commercial Banking		Treasury and Other		Total
Three Months Ended March 31, 2025






Net interest income before provision for credit losses	$	269,733	$	253,001	$	77,467	$	600,201
Noninterest income	32,285		53,579		6,238		92,102
Total revenue before provision for credit losses	302,018		306,580		83,705		692,303
Provision for credit losses	7,685		40,779		536		49,000
Compensation and employee benefits	61,964		61,187		23,284		146,435
Other noninterest expense (1)	57,192		42,318		6,203		105,713
Total noninterest expense	119,156		103,505		29,487		252,148
Segment income before income taxes	175,177		162,296		53,682		391,155

Segment net income	$	123,088	$	114,025	$	53,157	$	290,270
Average balances:
Loans	$	19,762,287	$	33,211,037	$	364,387	$	53,337,711
Deposits	$	32,326,906	$	26,131,654	$	4,179,022	$	62,637,582
As of March 31, 2025

Segment assets	$	20,404,813	$	35,790,014	$	19,970,186	$	76,165,013



($ in thousands)	Consumer and Business Banking		Commercial Banking		Treasury and Other		Total
Three Months Ended March 31, 2024






Net interest income (loss) before provision for credit losses	$	296,839	$	288,616	$	(20,316)	$	565,139
Noninterest income	25,422		45,239		7,826		78,487
Total revenue (loss) before provision for credit losses	322,261		333,855		(12,490)		643,626
Provision for (reversal of) credit losses	2,564		22,907		(471)		25,000
Compensation and employee benefits	53,949		61,459		26,404		141,812
Other noninterest expense (1)	63,171		44,354		(2,963)		104,562
Total noninterest expense	117,120		105,813		23,441		246,374
Segment income (loss) before income taxes	202,577		205,135		(35,460)		372,252

Segment net income (loss)	$	142,700	$	144,643	$	(2,268)	$	285,075
Average balances:
Loans	$	18,615,350	$	32,881,346	$	428,144	$	51,924,840
Deposits	$	29,306,788	$	25,163,151	$	2,972,464	$	57,442,403
As of March 31, 2024

Segment assets	$	19,109,687	$	35,154,317	$	16,611,666	$	70,875,670

(1)The Consumer and Business Banking segment's other noninterest expense is primarily comprised of corporate overhead allocated expenses, occupancy and equipment expense, and other operating expenses. The Commercial Banking segment’s other noninterest expense is primarily comprised of corporate overhead allocated expenses, deposit account expense, and other operating expenses. The Treasury and Other segment's other noninterest expense is primarily comprised of amortization of tax credit and CRA investments, and other operating expenses, net of any corporate overhead expenses allocated to other segments.