Segments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024
Net interest income	$	124,715	$	125,189	$	21,269	$	(8,924)	$	262,249
Provision for credit losses	(9,037)		(725)		3		4,291		(5,468)
Non-interest income	26,000		65,152		59,600		1,492		152,244
Investment securities gains (losses), net	—		—		—		3,233		3,233
Non-interest expense	(81,882)		(99,218)		(38,902)		(12,212)		(232,214)
Income before income taxes	$	59,796	$	90,398	$	41,970	$	(12,120)	$	180,044
Six Months Ended June 30, 2024
Net interest income	$	254,391	$	251,876	$	45,424	$	(40,443)	$	511,248
Provision for credit losses	(17,925)		(766)		4		8,432		(10,255)
Non-interest income	50,335		128,954		117,999		3,804		301,092
Investment securities gains (losses), net	—		—		—		2,974		2,974
Non-interest expense	(162,526)		(199,574)		(78,453)		(37,358)		(477,911)
Income before income taxes	$	124,275	$	180,490	$	84,974	$	(62,591)	$	327,148
Three Months Ended June 30, 2023
Net interest income	$	141,235	$	128,018	$	25,393	$	(45,108)	$	249,538
Provision for loan losses	(6,430)		(90)		—		49		(6,471)
Non-interest income	25,531		64,769		54,513		2,792		147,605
Investment securities gains (losses), net	—		—		—		3,392		3,392
Non-interest expense	(83,312)		(98,409)		(40,522)		(5,368)		(227,611)
Income before income taxes	$	77,024	$	94,288	$	39,384	$	(44,243)	$	166,453
Six Months Ended June 30, 2023
Net interest income	$	285,695	$	265,145	$	53,418	$	(103,097)	$	501,161
Provision for credit losses	(12,736)		(483)		(13)		(4,695)		(17,927)
Non-interest income	49,834		123,093		107,457		4,833		285,217
Investment securities gains (losses), net	—		—		—		3,086		3,086
Non-interest expense	(160,682)		(192,094)		(80,107)		(18,835)		(451,718)
Income before income taxes	$	162,111	$	195,661	$	80,755	$	(118,708)	$	319,819