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Loans And Allowance For Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Summary Classification Of Held For Investment Loan Portfolio
Major classifications within the Company’s held for investment loan portfolio at March 31, 2026 and December 31, 2025 are as follows:

(In thousands)
March 31, 2026December 31, 2025
Commercial:
Business$6,750,356 $6,439,380 
Real estate – construction and land1,581,789 1,438,012 
Real estate – business4,059,539 3,674,567 
Personal Banking:
Real estate – personal4,407,606 3,053,435 
Consumer2,475,353 2,196,822 
Revolving home equity619,178 375,159 
Consumer credit card557,733 589,694 
Overdrafts9,510 4,194 
Total loans$20,461,064 $17,771,263 
CECL Model Inputs
Key assumptions in the Company’s allowance for credit loss model include the economic forecast, the reasonable and supportable period, forecasted macro-economic variables, prepayment assumptions and qualitative factors applied for portfolio composition changes, underwriting practices, or significant unique events or conditions. The assumptions utilized in estimating the Company’s allowance for credit losses at March 31, 2026 and December 31, 2025 are discussed below.

Key AssumptionMarch 31, 2026December 31, 2025
Overall economic forecast
•Economy expected to slow but continue to expand
•Slightly increased unemployment due to reduced hiring
•Inflation remains elevated
•Assumes conflict in the Middle East will deescalate in the near term
•Increased GDP due to expected increases in consumer spending
•Stable unemployment
•Higher rates and volatility are expected to continue
Reasonable and supportable period and related reversion period
•Reasonable and supportable period of one year
•Reversion to historical average loss rates within two quarters using a straight-line method
•Reasonable and supportable period of one year
•Reversion to historical average loss rates within two quarters using a straight-line method
Forecasted macro-economic variables
•Unemployment rate ranges from 4.4% to 4.5% during the supportable forecast period
•Real GDP growth ranges from 1.9% to 2.4%
•Housing Price Index from 328.4 to 333.8
•Commercial Real Estate Price Index from 308.8 to 320.4
•CPI inflation rate from 2.8% to 3.9%
•Unemployment rate ranges from 4.3% to 4.5% during the supportable forecast period
•Real GDP growth ranges from 2.1% to 2.8%
•Housing Price Index from 324.9 to 329.7
•Commercial Real Estate Price Index from 292.5 to 305.6
•CPI inflation rate from 2.1% to 2.6%
Prepayment assumptions
Commercial loans
•5% for most loan pools
Personal banking loans
•Ranging from 9.4% to 24.6% for most loan pools
•Consumer credit cards 67.1%
Commercial loans
•5% for most loan pools
Personal banking loans
•Ranging from 8.7% to 24.7% for most loan pools
•Consumer credit cards 66.9%
Qualitative factors
Added qualitative factors related to:
•Changes in the composition of the loan portfolios
•Certain industries experiencing stress or emerging concerns within the portfolio
•Loans downgraded to special mention, substandard, or non-accrual status
•Auto, other vehicle and other consumer portfolios loss expectation adjustment
•Certain portfolios where the model assumptions do not capture all identified loss risk
Added qualitative factors related to:
•Changes in the composition of the loan portfolios
•Certain industries experiencing stress or emerging concerns within the portfolio
•Loans downgraded to special mention, substandard, or non-accrual status
•Auto, other vehicle and other consumer portfolios loss expectation adjustment
•Certain portfolios where the model assumptions do not capture all identified loss risk
Summary Of Activity In The Allowance For Credit Losses
A summary of the activity in the allowance for credit losses on loans and the liability for unfunded lending commitments for the three months ended March 31, 2026 and 2025, respectively, follows:

For the Three Months Ended March 31, 2026
(In thousands)CommercialPersonal Banking

Total
ALLOWANCE FOR CREDIT LOSSES ON LOANS
Balance at end of prior period$116,865 $62,603 $179,468 
Initial allowance for credit losses on purchased credit deteriorated loans at acquisition1,533 1,424 2,957 
Initial allowance for credit losses on purchased seasoned loans at acquisition7,722 12,149 19,871 
Provision for credit losses on loans4,763 6,520 11,283 
Deductions:
   Loans charged off5,799 11,418 17,217 
   Less recoveries on loans153 2,090 2,243 
Net loan charge-offs (recoveries)5,646 9,328 14,974 
Balance March 31, 2026$125,237 $73,368 $198,605 
LIABILITY FOR UNFUNDED LENDING COMMITMENTS
Balance at end of prior period$16,539 $1,121 $17,660 
Initial allowance for credit loss at acquisition362 — 362 
Provision for credit losses on unfunded lending commitments(335)12 (323)
Balance March 31, 2026$16,566 $1,133 $17,699 
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LIABILITY FOR UNFUNDED LENDING COMMITMENTS$141,803 $74,501 $216,304 

For the Three Months Ended March 31, 2025
(In thousands)CommercialPersonal Banking

Total
ALLOWANCE FOR CREDIT LOSSES ON LOANS
Balance at beginning of period$106,769 $55,973 $162,742 
Provision for credit losses on loans354 14,741 15,095 
Deductions:
   Loans charged off726 12,567 13,293 
   Less recoveries on loans303 2,184 2,487 
Net loan charge-offs (recoveries)423 10,383 10,806 
Balance March 31, 2025$106,700 $60,331 $167,031 
LIABILITY FOR UNFUNDED LENDING COMMITMENTS
Balance at beginning of period$17,887 $1,048 $18,935 
Provision for credit losses on unfunded lending commitments(840)232 (608)
Balance March 31, 2025$17,047 $1,280 $18,327 
ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LIABILITY FOR UNFUNDED LENDING COMMITMENTS$123,747 $61,611 $185,358 
Aging Information On Past Due And Nonaccrual Loans The following table provides aging information on the Company’s past due and accruing loans, in addition to the balances of loans on non-accrual status, at March 31, 2026 and December 31, 2025.



(In thousands)
Current or Less Than 30 Days Past Due

30 – 89
Days Past Due
90 Days Past Due and Still AccruingNon-accrual



Total
March 31, 2026
Commercial:
Business$6,745,956 $3,640 $559 $201 $6,750,356 
Real estate – construction and land1,581,250 361 178 — 1,581,789 
Real estate – business4,045,538 4,435 197 9,369 4,059,539 
Personal Banking:
Real estate – personal 4,376,280 20,721 9,289 1,316 4,407,606 
Consumer2,452,149 20,337 2,867 — 2,475,353 
Revolving home equity614,338 3,453 1,353 34 619,178 
Consumer credit card542,359 6,993 8,381 — 557,733 
Overdrafts9,212 298 — — 9,510 
Total $20,367,082 $60,238 $22,824 $10,920 $20,461,064 
December 31, 2025
Commercial:
Business$6,437,476 $1,241 $540 $123 $6,439,380 
Real estate – construction and land1,437,727 285 — — 1,438,012 
Real estate – business3,636,517 23,265 — 14,785 3,674,567 
Personal Banking:
Real estate – personal 3,021,212 19,450 11,931 842 3,053,435 
Consumer2,165,109 28,269 3,444 — 2,196,822 
Revolving home equity373,245 1,493 421 — 375,159 
Consumer credit card573,698 7,673 8,323 — 589,694 
Overdrafts3,787 407 — — 4,194 
Total $17,648,771 $82,083 $24,659 $15,750 $17,771,263 
Risk Category of Loans in Commercial Portfolio
The risk category of loans in the Commercial portfolio as of March 31, 2026 and December 31, 2025 are as follows:

Term Loans Amortized Cost Basis by Origination Year
(In thousands)20262025202420232022PriorRevolving Loans Amortized Cost BasisTotal
March 31, 2026
Business
    Risk Rating:
       Pass$440,569 $1,543,502 $805,900 $543,237 $398,031 $548,931 $2,254,771 $6,534,941 
       Special mention— 10,239 24 698 130 400 40,163 51,654 
       Substandard— 22,070 19,481 3,867 14,975 3,480 99,687 163,560 
       Non-accrual— 50 36 114 — 1 — 201 
   Total Business:$440,569 $1,575,861 $825,441 $547,916 $413,136 $552,812 $2,394,621 $6,750,356 
Gross write-offs for the three months ended March 31, 2026
$— $— $— $32 $55 $24 $272 $383 
Real estate-construction
    Risk Rating:
       Pass$156,781 $548,196 $325,625 $252,478 $171,259 $6,032 $23,424 $1,483,795 
       Special mention— 13,942 — 55,816 — — — 69,758 
       Substandard— — — 2,340 25,896 — — 28,236 
    Total Real estate-construction:$156,781 $562,138 $325,625 $310,634 $197,155 $6,032 $23,424 $1,581,789 
Gross write-offs for the three months ended March 31, 2026
$— $— $— $— $— $— $— $— 
Real estate-business
    Risk Rating:
       Pass$329,613 $1,323,163 $424,020 $332,634 $527,246 $783,918 $166,110 $3,886,704 
       Special mention— 43,408 9,899 1,403 2,382 66 3,832 60,990 
       Substandard— 390 973 11,228 31,131 52,377 6,377 102,476 
       Non-accrual— — — — 124 9,245 — 9,369 
   Total Real estate-business:$329,613 $1,366,961 $434,892 $345,265 $560,883 $845,606 $176,319 $4,059,539 
Gross write-offs for the three months ended March 31, 2026
$— $— $— $— $— $5,416 $— $5,416 
Commercial loans
    Risk Rating:
       Pass$926,963 $3,414,861 $1,555,545 $1,128,349 $1,096,536 $1,338,881 $2,444,305 $11,905,440 
       Special mention— 67,589 9,923 57,917 2,512 466 43,995 182,402 
       Substandard— 22,460 20,454 17,435 72,002 55,857 106,064 294,272 
       Non-accrual— 50 36 114 124 9,246 — 9,570 
   Total Commercial loans:$926,963 $3,504,960 $1,585,958 $1,203,815 $1,171,174 $1,404,450 $2,594,364 $12,391,684 
Gross write-offs for the three months ended March 31, 2026
$— $— $— $32 $55 $5,440 $272 $5,799 
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2025
Business
    Risk Rating:
       Pass$1,704,299 $847,973 $568,361 $416,732 $252,398 $336,662 $2,129,247 $6,255,672 
       Special mention13,410 4,149 2,661 1,536 893 1,375 47,568 71,592 
       Substandard96 619 4,713 15,957 4,016 519 86,073 111,993 
       Non-accrual— 49 32 42 — — — 123 
   Total Business:$1,717,805 $852,790 $575,767 $434,267 $257,307 $338,556 $2,262,888 $6,439,380 
Gross write-offs for the year ended December 31, 2025$— $389 $116 $165 $2 $10 $1,423 $2,105 
Real estate-construction
    Risk Rating:
       Pass$450,046 $283,778 $379,456 $239,314 $3,857 $2,860 $18,109 $1,377,420 
       Special mention14,104 — — — — — — 14,104 
       Substandard— — 2,365 25,875 18,248 — — 46,488 
    Total Real estate-construction:$464,150 $283,778 $381,821 $265,189 $22,105 $2,860 $18,109 $1,438,012 
Gross write-offs for the year ended December 31, 2025$— $40 $— $— $— $— $— $40 
Real estate- business
    Risk Rating:
       Pass$1,334,661 $426,130 $309,409 $462,953 $359,933 $389,275 $166,209 $3,448,570 
       Special mention58,905 27,423 3,572 12,221 965 1,965 31 105,082 
       Substandard— 1,884 6,646 26,960 13,423 50,821 6,396 106,130 
       Non-accrual— — — 124 153 14,508 — 14,785 
   Total Real-estate business:$1,393,566 $455,437 $319,627 $502,258 $374,474 $456,569 $172,636 $3,674,567 
Gross write-offs for the year ended December 31, 2025$— $— $400 $— $— $— $— $400 
Commercial loans
    Risk Rating:
       Pass$3,489,006 $1,557,881 $1,257,226 $1,118,999 $616,188 $728,797 $2,313,565 $11,081,662 
       Special mention86,419 31,572 6,233 13,757 1,858 3,340 47,599 190,778 
       Substandard96 2,503 13,724 68,792 35,687 51,340 92,469 264,611 
       Non-accrual— 49 32 166 153 14,508 — 14,908 
   Total Commercial loans:$3,575,521 $1,592,005 $1,277,215 $1,201,714 $653,886 $797,985 $2,453,633 $11,551,959 
Gross write-offs for the year ended December 31, 2025$— $429 $516 $165 $2 $10 $1,423 $2,545 
Risk Category of Loans in Personal Banking Portfolio
The credit quality of Personal Banking loans is monitored primarily on the basis of aging/delinquency, and this information is provided as of March 31, 2026 and December 31, 2025 below.

Term Loans Amortized Cost Basis by Origination Year
(In thousands)20262025202420232022PriorRevolving Loans Amortized Cost BasisTotal
March 31, 2026
Real estate-personal
       Current to 90 days past due$153,432 $630,463 $427,638 $462,502 $611,820 $2,100,252 $10,894 $4,397,001 
       Over 90 days past due— — 480 1,610 2,614 4,585 — 9,289 
       Non-accrual— — 3 — — 1,313 — 1,316 
   Total Real estate-personal:$153,432 $630,463 $428,121 $464,112 $614,434 $2,106,150 $10,894 $4,407,606 
Gross write-offs for the three months ended March 31, 2026
$— $— $— $— $— $7 $— $7 
Consumer
       Current to 90 days past due$136,277 $492,593 $212,510 $218,205 $122,293 $141,885 $1,148,723 $2,472,486 
       Over 90 days past due— 266 304 306 146 214 1,631 2,867 
    Total Consumer:$136,277 $492,859 $212,814 $218,511 $122,439 $142,099 $1,150,354 $2,475,353 
Gross write-offs for the three months ended March 31, 2026
$— $412 $593 $580 $256 $138 $584 $2,563 
Revolving home equity
       Current to 90 days past due$— $— $— $— $— $— $617,791 $617,791 
       Over 90 days past due— — — — — — 1,353 1,353 
   Total Revolving home equity:$— $— $— $— $— $— $619,178 $619,178 
Gross write-offs for the three months ended March 31, 2026
$— $— $— $— $— $— $7 $7 
Consumer credit card
       Current to 90 days past due$— $— $— $— $— $— $549,352 $549,352 
       Over 90 days past due— — — — — — 8,381 8,381 
   Total Consumer credit card:$— $— $— $— $— $— $557,733 $557,733 
Gross write-offs for the three months ended March 31, 2026
$— $— $— $— $— $— $8,214 $8,214 
Overdrafts
       Current to 90 days past due$9,510 $— $— $— $— $— $— $9,510 
    Total Overdrafts:$9,510 $— $— $— $— $— $— $9,510 
Gross write-offs for the three months ended March 31, 2026
$628 $— $— $— $— $— $— $628 
Personal banking loans
       Current to 90 days past due$299,219 $1,123,056 $640,148 $680,707 $734,113 $2,242,137 $2,326,760 $8,046,140 
       Over 90 days past due— 266 784 1,916 2,760 4,799 11,365 21,890 
       Non-accrual— — 3 — — 1,313 34 1,350 
   Total Personal banking loans:$299,219 $1,123,322 $640,935 $682,623 $736,873 $2,248,249 $2,338,159 $8,069,380 
Gross write-offs for the three months ended March 31, 2026
$628 $412 $593 $580 $256 $145 $8,805 $11,419 
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20252024202320222021PriorRevolving Loans Amortized Cost BasisTotal
December 31, 2025
Real estate-personal
       Current to 90 days past due$386,816 $312,902 $335,950 $360,793 $438,586 $1,196,850 $8,765 $3,040,662 
       Over 90 days past due— 570 1,581 3,581 1,820 4,379 — 11,931 
       Non-accrual— — — — 102 740 — 842 
   Total Real estate-personal:$386,816 $313,472 $337,531 $364,374 $440,508 $1,201,969 $8,765 $3,053,435 
Gross write-offs for the year ended December 31, 2025$— $47 $65 $416 $48 $29 $— $605 
Consumer
       Current to 90 days past due$520,170 $242,791 $237,779 $132,942 $93,343 $62,726 $903,627 $2,193,378 
       Over 90 days past due187 387 406 276 117 195 1,876 3,444 
    Total Consumer:$520,357 $243,178 $238,185 $133,218 $93,460 $62,921 $905,503 $2,196,822 
Gross write-offs for the year ended December 31, 2025$894 $3,862 $2,948 $1,705 $720 $359 $2,032 $12,520 
Revolving home equity
       Current to 90 days past due$— $— $— $— $— $— $374,738 $374,738 
       Over 90 days past due— — — — — — 421 421 
   Total Revolving home equity:$— $— $— $— $— $— $375,159 $375,159 
Gross write-offs for the year ended December 31, 2025$— $— $— $— $— $— $15 $15 
Consumer credit card
       Current to 90 days past due$— $— $— $— $— $— $581,371 $581,371 
       Over 90 days past due— — — — — — 8,323 8,323 
   Total Consumer credit card:$— $— $— $— $— $— $589,694 $589,694 
Gross write-offs for the year ended December 31, 2025$— $— $— $— $— $— $31,833 $31,833 
Overdrafts
       Current to 90 days past due$4,194 $— $— $— $— $— $— $4,194 
    Total Overdrafts:$4,194 $— $— $— $— $— $— $4,194 
Gross write-offs for the year ended December 31, 2025$2,522 $— $— $— $— $— $— $2,522 
Personal banking loans
       Current to 90 days past due$911,180 $555,693 $573,729 $493,735 $531,929 $1,259,576 $1,868,501 $6,194,343 
       Over 90 days past due187 957 1,987 3,857 1,937 4,574 10,620 24,119 
       Non-accrual— — — — 102 740 — 842 
   Total Personal banking loans:$911,367 $556,650 $575,716 $497,592 $533,968 $1,264,890 $1,879,121 $6,219,304 
Gross write-offs for the year ended December 31, 2025$3,416 $3,909 $3,013 $2,121 $768 $388 $33,880 $47,495 
Amortized Cost Basis of Collateral-Dependent Loans The following table presents the amortized cost basis of collateral-dependent loans as of March 31, 2026 and December 31, 2025.
(In thousands)Real EstateTotal
March 31, 2026
Commercial:
  Real estate - business$9,092 $9,092 
Total$9,092 $9,092 
December 31, 2025
Commercial:
Real estate - business$14,508 $14,508 
Total$14,508 $14,508 
Outstanding Balance Of Modified Loans to Borrowers Experiencing Financial Difficulty
The following tables present the amortized cost at March 31, 2026 of loans that were modified during the three months ended March 31, 2026 and the amortized cost at March 31, 2025 of loans that were modified during the three months ended March 31, 2025.
For the Three Months Ended March 31, 2026



(Dollars in thousands)
Term ExtensionPayment DelayInterest Rate ReductionTotal% of Total Loan Category
March 31, 2026
Commercial:
Business$62,272 $— $— $62,272 0.9 %
Real estate – construction and land2,340 — — 2,340 0.1 
Real estate – business533 — — 533 — 
Personal Banking:
Real estate – personal — 801 — 801 — 
Consumer— — 22 22 — 
Consumer credit card— — 902 902 0.2 
Total $65,145 $801 $924 $66,870 0.3 %
For the Three Months Ended March 31, 2025



(Dollars in thousands)
Term ExtensionPayment DelayInterest Rate ReductionTotal% of Total Loan Category
March 31, 2025
Commercial:
Business$54,539 $— $— $54,539 0.9 %
Real estate – business76,958 — — 76,958 2.1 
Personal Banking:
Real estate – personal — 3,884 — 3,884 0.1 
Consumer— — 67 67 — 
Consumer credit card— — 880 880 0.2 
Total $131,497 $3,884 $947 $136,328 0.8 %
Financing receivable, financial impacts of loan modifications and payment deferrals
The following tables summarize the financial impact of loan modifications and payment deferrals during the three months ended March 31, 2026 and March 31, 2025.

Term Extension
Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Commercial:
Business
Extended maturity by a weighted average of 11 months.
Extended maturity by a weighted average of 7 months.
Real estate – construction and land
Extended maturity by a weighted average of 11 months.
---
Real estate – business
Extended maturity by a weighted average of 8 months.
Extended maturity by a weighted average of 18 months.


Payment Delay
Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Personal Banking:
Real estate – personal
Deferred certain payments by a weighted average of 26 years.
Deferred certain payments by a weighted average of 16 years.
Consumer
Deferred certain payments by a weighted average of 26 years.
---
Interest Rate Reduction
Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Personal Banking:
ConsumerReduced contractual interest rate from average 22% to 6%.Reduced contractual interest rate from average 21% to 6%.
Consumer credit cardReduced contractual interest rate from average 22% to 6%.Reduced contractual interest rate from average 21% to 6%.
Financing Receivable, Modified, Subsequent Default
The following tables provide the amortized cost basis at March 31, 2026 of loans to borrowers experiencing financial difficulty that had a payment default during the three months ended March 31, 2026 and were modified within the 12 months preceding the payment default, as well as the amortized cost basis at March 31, 2025 of loans to borrowers experiencing financial difficulty that had a payment default during the three months ended March 31, 2025 and had been modified within the 12 months preceding the payment default. For purposes of this disclosure, the Company considers "default" to mean 90 days or more past due as to interest or principal.

For the Three Months Ended March 31, 2026


(Dollars in thousands)		Term ExtensionPayment DelayInterest Rate ReductionInterest/Fees ForgivenTotal
March 31, 2026
Commercial:
Real estate – business$9,093 $— $— $— $9,093 
Personal Banking:
Real estate – personal — 144 — — 144 
Consumer— 34 8 — 42 
Consumer credit card— — 276 — 276 
Total $9,093 $178 $284 $— $9,555 
For the Three Months Ended March 31, 2025


(Dollars in thousands)
Term ExtensionPayment DelayInterest Rate ReductionInterest/Fees ForgivenTotal
March 31, 2025
Commercial:
Real estate – business$14,667 $— $— $— $14,667 
Personal Banking:
Real estate – personal — 1,762 — — 1,762 
Consumer— — 33 — 33 
Consumer credit card— — 218 — 218 
Total $14,667 $1,762 $251 $— $16,680 
Financing Receivable, Modified, Past Due
The following tables present the amortized cost basis at March 31, 2026 of loans to borrowers experiencing financial difficulty that had been modified within the previous 12 months as well as the amortized cost basis at March 31, 2025 of loans to borrowers experiencing financial difficulty that had been modified within the 12 months preceding March 31, 2025.


(In thousands)
Current
30-89 Days Past Due
90 Days Past DueTotal
March 31, 2026
Commercial:
Business$90,748 $200 $— $90,948 
Real estate – construction and land2,340 — — 2,340 
Real estate – business2,260 — 9,092 11,352 
Personal Banking:
Real estate – personal 5,808 1,705 144 7,657 
Consumer93 4 45 142 
Consumer credit card2,368 420 274 3,062 
Total $103,617 $2,329 $9,555 $115,501 



(In thousands)
Current
30-89 Days Past Due
90 Days Past DueTotal
March 31, 2025
Commercial:
Business$89,831 $44 $— $89,875 
Real estate – business124,311 124 14,667 139,102 
Personal Banking:
Real estate – personal 7,008 2,762 1,763 11,533 
Consumer852 17 33 902 
Consumer credit card2,418 445 218 3,081 
Total $224,420 $3,392 $16,681 $244,493