Revenue from Contract with Customer

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue from Contracts with Customers

Revenue from contracts with customers, Accounting Standard Codification 606 ("ASC 606"), requires revenue recognition for the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For the three months ended March 31, 2025, approximately 63% of the Company’s total revenue was comprised of net interest income, which is not within the scope of this guidance. Of the remaining revenue, those items that were subject to this guidance mainly included fees for bank card, trust, deposit account services and consumer brokerage services.

The following table disaggregates revenue from contracts with customers by major product line.

	Three Months Ended March 31
(In thousands)	2025		2024
Trust fees	$	56,592	$	51,105
Bank card transaction fees	45,593		46,930
Deposit account charges and other fees	26,622		24,151
Consumer brokerage services	4,785		4,408
Other non-interest income	14,391		10,516
Total non-interest income from contracts with customers	147,983		137,110
Other non-interest income (1)	10,966		11,738
Total non-interest income	$	158,949	$	148,848

(1) This revenue is not within the scope of ASC 606, and includes fees relating to bond trading activities, loan fees and sales, derivative instruments, standby letters of credit and various other transactions.

For bank card transaction fees, nearly all of debit and credit card fees are earned in the Consumer segment, while corporate card and merchant fees are earned in the Commercial segment. The Consumer and Commercial segments contributed approximately 28% and 72%, respectively, of the Company's deposit account charge revenue. All trust fees and nearly all consumer brokerage services income were earned in the Wealth segment.    

The following table presents the opening and closing receivable balances for the three month periods ended March 31, 2025 and 2024 for the Company’s significant revenue from contracts with customers.

(In thousands)	March 31, 2025		December 31, 2024		March 31, 2024		December 31, 2023
Bank card transaction fees	$	14,538	$	17,754	$	15,673	$	18,069
Trust fees	1,787		2,165		2,506		1,764
Deposit account charges and other fees	7,549		7,897		6,156		6,588
Consumer brokerage services	—		—		—		8

For these revenue categories, none of the transaction price has been allocated to performance obligations that are unsatisfied as of the end of a reporting period.