Segments (Tables)

9 Months Ended

Sep. 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 September 30, 2024
Net interest income	$	130,309	$	135,511	$	20,966	$	(24,435)	$	262,351
Provision for credit losses	(9,526)		(186)		146		426		(9,140)
Non-interest income	26,256		64,547		61,841		6,381		159,025
Investment securities gains (losses), net	—		—		—		3,872		3,872
Non-interest expense	(85,952)		(101,767)		(40,059)		(9,822)		(237,600)
Income before income taxes	$	61,087	$	98,105	$	42,894	$	(23,578)	$	178,508
Nine Months Ended September 30, 2024
Net interest income	$	384,700	$	387,387	$	66,390	$	(64,878)	$	773,599
Provision for credit losses	(27,451)		(952)		150		8,858		(19,395)
Non-interest income	76,591		193,501		179,840		10,185		460,117
Investment securities gains (losses), net	—		—		—		6,846		6,846
Non-interest expense	(248,478)		(301,341)		(118,512)		(47,180)		(715,511)
Income before income taxes	$	185,362	$	278,595	$	127,868	$	(86,169)	$	505,656
Three Months Ended September 30, 2023
Net interest income	$	135,632	$	128,173	$	23,389	$	(38,647)	$	248,547
Provision for loan losses	(7,048)		(2,723)		(1)		(1,873)		(11,645)
Non-interest income	24,939		61,195		55,378		1,437		142,949
Investment securities gains (losses), net	—		—		—		4,298		4,298
Non-interest expense	(82,322)		(98,859)		(38,912)		(7,917)		(228,010)
Income before income taxes	$	71,201	$	87,786	$	39,854	$	(42,702)	$	156,139
Nine Months Ended September 30, 2023
Net interest income	$	421,327	$	393,318	$	76,807	$	(141,744)	$	749,708
Provision for credit losses	(19,784)		(3,206)		(14)		(6,568)		(29,572)
Non-interest income	74,773		184,288		162,835		6,270		428,166
Investment securities gains (losses), net	—		—		—		7,384		7,384
Non-interest expense	(243,004)		(290,953)		(119,019)		(26,752)		(679,728)
Income before income taxes	$	233,312	$	283,447	$	120,609	$	(161,410)	$	475,958