Business Segments (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

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 and six months ended June 30, 2025 and 2024:

($ in thousands)	Consumer and Business Banking		Commercial Banking		Treasury and Other		Total
Three Months Ended June 30, 2025
Net interest income before provision for credit losses	$	273,073	$	254,144	$	89,857	$	617,074
Noninterest income	27,729		49,751		8,698		86,178
Total revenue before provision for credit losses	300,802		303,895		98,555		703,252
Provision for (reversal of) credit losses	6,775		38,724		(499)		45,000
Compensation and employee benefits	58,151		57,592		29,098		144,841
Other noninterest expense (1)	57,252		36,053		17,874		111,179
Total noninterest expense	115,403		93,645		46,972		256,020
Segment income before income taxes	178,624		171,526		52,082		402,232
Segment net income	$	128,295	$	123,207	$	58,751	$	310,253
Average balances:
Loans	$	20,183,539	$	33,767,859	$	330,034	$	54,281,432
Deposits	$	32,750,578	$	26,318,154	$	4,609,100	$	63,677,832
As of June 30, 2025
Segment assets	$	20,735,714	$	36,134,621	$	21,287,732	$	78,158,067

($ in thousands)	Consumer and Business Banking		Commercial Banking		Treasury and Other		Total
Three Months Ended June 30, 2024
Net interest income (loss) before provision for credit losses	$	292,593	$	278,286	$	(17,650)	$	553,229
Noninterest income	26,896		50,818		6,457		84,171
Total revenue (loss) before provision for credit losses	319,489		329,104		(11,193)		637,400
(Reversal of) provision for credit losses	(3,245)		40,155		90		37,000
Compensation and employee benefits	53,743		56,840		23,005		133,588
Other noninterest expense (1)	54,968		39,997		7,379		102,344
Total noninterest expense	108,711		96,837		30,384		235,932
Segment income (loss) before income taxes	214,023		192,112		(41,667)		364,468
Segment net income	$	150,761	$	135,544	$	1,925	$	288,230
Average balances:
Loans	$	18,785,998	$	32,706,625	$	426,165	$	51,918,788
Deposits	$	30,438,157	$	25,519,976	$	2,722,666	$	58,680,799
As of June 30, 2024
Segment assets	$	19,358,010	$	35,642,552	$	17,467,710	$	72,468,272

($ in thousands)	Consumer and Business Banking		Commercial Banking		Treasury and Other		Total
Six Months Ended June 30, 2025
Net interest income before provision for credit losses	$	542,806	$	507,145	$	167,324	$	1,217,275
Noninterest income	60,014		103,330		14,936		178,280
Total revenue before provision for credit losses	602,820		610,475		182,260		1,395,555
Provision for credit losses	14,460		79,503		37		94,000
Compensation and employee benefits	120,115		118,779		52,382		291,276
Other noninterest expense (1)	114,444		78,371		24,077		216,892
Total noninterest expense	234,559		197,150		76,459		508,168
Segment income before income taxes	353,801		333,822		105,764		793,387
Segment net income	$	251,383	$	237,232	$	111,908	$	600,523
Average balances:
Loans	$	19,974,077	$	33,490,986	$	347,116	$	53,812,179
Deposits	$	32,539,912	$	26,225,420	$	4,395,249	$	63,160,581
As of June 30, 2025
Segment assets	$	20,735,714	$	36,134,621	$	21,287,732	$	78,158,067

($ in thousands)	Consumer and Business Banking		Commercial Banking		Treasury and Other		Total
Six Months Ended June 30, 2024
Net interest income (loss) before provision for credit losses	$	589,432	$	566,902	$	(37,966)	$	1,118,368
Noninterest income	52,318		96,057		14,283		162,658
Total revenue (loss) before provision for credit losses	641,750		662,959		(23,683)		1,281,026
(Reversal of) provision for credit losses	(681)		63,062		(381)		62,000
Compensation and employee benefits	107,692		118,299		49,409		275,400
Other noninterest expense (1)	118,139		84,351		4,416		206,906
Total noninterest expense	225,831		202,650		53,825		482,306
Segment income (loss) before income taxes	416,600		397,247		(77,127)		736,720
Segment net income (loss)	$	293,461	$	280,187	$	(343)	$	573,305
Average balances:
Loans	$	18,700,674	$	32,793,986	$	427,154	$	51,921,814
Deposits	$	29,872,472	$	25,341,564	$	2,847,565	$	58,061,601
As of June 30, 2024
Segment assets	$	19,358,010	$	35,642,552	$	17,467,710	$	72,468,272

(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.