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Noninterest Income and Expense

3 Months Ended

Mar. 31, 2026

18. Noninterest Income and Expense

The following table shows the components of noninterest income and expense (in thousands).


		Three Months Ended March 31,
		2026			2025
Noninterest income:
Net gains from sale of loans and other mortgage production income ⁽¹⁾		$	50,972		$	45,281
Mortgage loan origination fees			21,910			22,451
Principal transactions, commissions and fees:
Principal transactions ⁽¹⁾			33,971			29,708
Commissions			12,284			9,364
Money market and bank-insured fund fees			12,652			8,819
Other fees			7,627			7,422
			66,534			55,313
Investment banking, advisory and administrative fees:
Advisory services			19,807			21,359
Managed money			12,088			10,492
Underwriting			3,866			3,825
Other fees			1,159			952
			36,920			36,628
Other:
Merchant banking investments ⁽¹⁾			628			42,705
Service charges on depositor accounts			4,917			4,724
Trust fees			3,184			3,184
Other ⁽¹⁾			3,350			3,054
			12,079			53,667
		$	188,415		$	213,340
Noninterest expense:
Employees' compensation and benefits		$	168,962		$	176,240
Occupancy and equipment, net			19,829			19,782
Professional services			11,245			4,114
Other:
Software and information technology			16,968			17,341
Brokerage commissions and fees			8,944			9,050
Travel, meals and entertainment			3,302			3,287
Business development			3,616			4,583
Unreimbursed loan closing costs			1,669			2,500
Mortgage origination and servicing			2,679			2,268
Funding fees			801			768
Office supplies			508			449
Amortization of intangible assets			240			257
Other			9,540			10,834
			48,267			51,337
		$	248,303		$	251,473

(1)	Certain noninterest income components included within these line items are generally not in the scope of the accounting guidance for revenue from contracts with customers.

Certain activities involving the recognition of revenue primarily within the Company’s banking and broker-dealer segments are subject to the provisions of ASC 606. The policies that govern such revenue from contracts with customers are further described in Note 1 and Note 23 to the consolidated financial statements included in the Company’s 2025 Form 10-K.