OPERATING SEGMENTS AND RELATED INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Information Relating to Operating Segments

Goodwill and total assets are summarized below by operating segment. The “other” category included in the tables below consists of the parent company and the elimination of intercompany transactions:


	As of March 31, 2026
(dollars in thousands)	Banking		Wealth Management		FirsTech		Other		Total
Goodwill	$	359,263	$	14,108	$	8,992	$	—	$	382,363
Total assets	17,835,924		155,714		44,964		20		18,036,622


	As of December 31, 2025
(dollars in thousands)	Banking		Wealth Management		FirsTech		Other		Total
Goodwill	$	360,180	$	14,108	$	8,992	$	—	$	383,280
Total assets	17,880,797		152,422		45,373		26,144		18,104,736

Financial results by operating segment, including significant expense categories provided to the chief operating decision maker, are summarized below:


	Three Months Ended March 31, 2026
(dollars in thousands)	Banking		Wealth Management		FirsTech		Other		Total
Interest income	$	225,407	$	—	$	—	$	78	$	225,485
Intersegment interest income	—		—		15		(15)		—
Interest expense	68,874		—		—		2,642		71,516
Intersegment interest expense	504		—		—		(504)		—
Net interest income	156,029		—		15		(2,075)		153,969
Provision for credit losses	3,058		—		—		—		3,058
Net interest income after provision for credit losses	152,971		—		15		(2,075)		150,911

Noninterest income
Wealth management fees	—		19,370		—		—		19,370
Payment technology solutions	—		—		5,077		—		5,077
Treasury management services	4,826		—		—		—		4,826
Card services and ATM fees	4,646		—		—		—		4,646
Other service charges on deposit accounts	1,506		—		—		—		1,506
All other noninterest income	7,621		157		—		(938)		6,840
Intersegment noninterest income	2,833		—		561		(3,394)		—
Noninterest income	21,432		19,527		5,638		(4,332)		42,265

Revenue	177,461		19,527		5,653		(6,407)		196,234

Noninterest expense
Salaries, wages, and employee benefits	71,707		8,866		4,657		—		85,230
Data processing	8,182		763		886		33		9,864
Amortization of intangible assets	4,110		181		—		—		4,291
Interchange expense	—		—		1,116		—		1,116
All other noninterest expense	25,682		852		676		1,808		29,018
Intersegment noninterest expense	679		750		540		(1,969)		—
Noninterest expense	110,360		11,412		7,875		(128)		129,519

Income (loss) before income taxes	64,043		8,115		(2,222)		(6,279)		63,657
Income taxes	13,803		1,948		(542)		(1,533)		13,676
Net income (loss)	$	50,240	$	6,167	$	(1,680)	$	(4,746)	$	49,981


	Three Months Ended March 31, 2025
(dollars in thousands)	Banking		Wealth Management		FirsTech		Other		Total
Interest income	$	166,812	$	—	$	—	$	3	$	166,815
Intersegment interest income	—		—		13		(13)		—
Interest expense	58,517		—		—		4,567		63,084
Intersegment interest expense	491		—		—		(491)		—
Net interest income	107,804		—		13		(4,086)		103,731
Provision for credit losses	45,593		—		—		—		45,593
Net interest income after provision for credit losses	62,211		—		13		(4,086)		58,138

Noninterest income
Wealth management fees	—		17,364		—		—		17,364
Payment technology solutions	—		—		5,073		—		5,073
Treasury management services	3,017		—		—		—		3,017
Card services and ATM fees	3,709		—		—		—		3,709
Other service charges on deposit accounts	1,533		—		—		—		1,533
All other noninterest income	(9,379)		202		(2)		(294)		(9,473)
Intersegment noninterest income	352		—		345		(697)		—
Noninterest income	(768)		17,566		5,416		(991)		21,223

Revenue	107,036		17,566		5,429		(5,077)		124,954

Noninterest expense
Salaries, wages, and employee benefits	46,726		7,031		2,481		11,325		67,563
Data processing	7,949		593		937		96		9,575
Amortization of intangible assets	2,841		242		—		—		3,083
Interchange expense	—		—		1,343		—		1,343
All other noninterest expense	19,825		737		617		9,287		30,466
Intersegment noninterest expense	4,665		780		369		(5,814)		—
Noninterest expense	82,006		9,383		5,747		14,894		112,030

Income (loss) before income taxes	(20,563)		8,183		(318)		(19,971)		(32,669)
Income taxes	(870)		1,964		(79)		(3,694)		(2,679)
Net income (loss)	$	(19,693)	$	6,219	$	(239)	$	(16,277)	$	(29,990)