Segments (Tables)

3 Months Ended

Mar. 31, 2024

Schedule Of Financial Information By Segment

The following table presents selected financial information by segment and reconciliations of combined segment totals to consolidated totals. There were no material intersegment revenues between the three segments. Management periodically makes changes to methods of assigning costs and income to its business segments to better reflect operating results. If appropriate, these changes are reflected in prior year information presented below. Net interest income allocated among the segments prior to 2024 has been restated to reflect a funds transfer pricing methodology change implemented on January 1, 2024 for all deposit types, except certificates of deposit. The new methodology moves from a rolling pool to a profitability range methodology. The new methodology more accurately reflects the profitability of affected deposits relative to current rates and removes most interest rate risk from business segments.


(In thousands)	Consumer		Commercial		Wealth		Other/Elimination		Consolidated Totals
Three Months Ended March 31, 2024
Net interest income	$	129,676	$	126,687	$	24,155	$	(31,519)	$	248,999
Provision for credit losses	(8,888)		(41)		1		4,141		(4,787)
Non-interest income	24,335		63,802		58,399		2,312		148,848
Investment securities gains (losses), net	—		—		—		(259)		(259)
Non-interest expense	(80,644)		(100,356)		(39,551)		(25,146)		(245,697)
Income before income taxes	$	64,479	$	90,092	$	43,004	$	(50,471)	$	147,104







Three Months Ended March 31, 2023
Net interest income	$	144,460	$	137,127	$	28,025	$	(57,989)	$	251,623
Provision for loan losses	(6,306)		(393)		(13)		(4,744)		(11,456)
Non-interest income	24,303		58,324		52,944		2,041		137,612
Investment securities gains (losses), net	—		—		—		(306)		(306)
Non-interest expense	(77,370)		(93,685)		(39,585)		(13,467)		(224,107)
Income before income taxes	$	85,087	$	101,373	$	41,371	$	(74,465)	$	153,366