Business Segments (Tables)

6 Months Ended

Jun. 30, 2026

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, 2026 and 2025:

($ in thousands)	Consumer and Business Banking		Commercial Banking		Treasury and Other			Total
Three Months Ended June 30, 2026
Net interest income before provision for credit losses	$	274,251	$	258,824	$	151,576	(1)	$	684,651
Noninterest income	38,205		55,560		12,727			106,492
Total revenue before provision for credit losses	312,456		314,384		164,303			791,143
Provision for credit losses	12,451		20,549		—			33,000
Compensation and employee benefits	66,704		69,778		36,061			172,543
Other noninterest expense (2)	61,483		39,151		17,445			118,079
Total noninterest expense	128,187		108,929		53,506			290,622
Segment income before income taxes	171,818		184,906		110,797			467,521
Segment net income	$	123,668	$	133,182	$	106,850		$	363,700
Average balances:
Loans	$	21,451,804	$	36,777,698	$	—	(3)	$	58,229,502
Deposits	$	36,143,674	$	28,658,783	$	3,895,188		$	68,697,645
As of June 30, 2026
Segment assets	$	22,179,346	$	38,935,480	$	23,648,646		$	84,763,472

($ in thousands)	Consumer and Business Banking		Commercial Banking		Treasury and Other			Total
Three Months Ended June 30, 2025
Net interest income before provision for (reversal of) credit losses	$	273,073	$	254,144	$	89,857	(1)	$	617,074
Noninterest income	27,729		49,751		8,698			86,178
Total revenue before provision for (reversal of) 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 (2)	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 (4)	$	32,750,578	$	26,315,823	$	4,611,431		$	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
Six Months Ended June 30, 2026
Net interest income before provision for (reversal of) credit losses	$	543,498	$	520,110	$	292,236	(1)	$	1,355,844
Noninterest income	78,167		109,891		20,990			209,048
Total revenue before provision for (reversal of) credit losses	621,665		630,001		313,226			1,564,892
Provision for (reversal of) credit losses	21,636		47,556		(192)			69,000
Compensation and employee benefits	136,800		144,622		63,786			345,208
Other noninterest expense (2)	123,488		75,621		26,619			225,728
Total noninterest expense	260,288		220,243		90,405			570,936
Segment income before income taxes	339,741		362,202		223,013			924,956
Segment net income	$	244,532	$	260,821	$	216,143		$	721,496
Average balances:
Loans	$	21,244,542	$	36,400,779	$	—	(3)	$	57,645,321
Deposits	$	35,599,069	$	28,374,828	$	4,151,918		$	68,125,815
As of June 30, 2026
Segment assets	$	22,179,346	$	38,935,480	$	23,648,646		$	84,763,472

($ 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)	$	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 (2)	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 (4)	$	32,539,912	$	26,222,998	$	4,397,671		$	63,160,581
As of June 30, 2025
Segment assets	$	20,735,714	$	36,134,621	$	21,287,732		$	78,158,067

(1)Primarily generated from the Company’s debt securities portfolio. Refer to Note 4 — Securities to the Consolidated Financial Statements in this Form 10-Q for further information on the Company’s debt securities portfolio.

(2)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, other operating expense, occupancy and equipment expense, and deposit account expense. 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.

(3)Reallocated to the Commercial Banking and Consumer and Business Banking segments effective first quarter of 2026.

(4)Prior period balances have been reclassified for comparability due to a change in allocation methodology.