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Segment Information (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Information

The following table discloses financial information by reportable segment for the periods presented ($ in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

General Banking

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

153,189

 

 

$

137,143

 

 

$

424,236

 

 

$

411,674

 

Provision for credit losses

 

 

6,551

 

 

 

10,646

 

 

 

33,631

 

 

 

20,015

 

Noninterest income (loss)

 

 

28,222

 

 

 

28,181

 

 

 

(92,376

)

 

 

85,535

 

Noninterest expense

 

 

115,157

 

 

 

122,010

 

 

 

336,835

 

 

 

345,225

 

Income (loss) before income taxes

 

 

59,703

 

 

 

32,668

 

 

 

(38,606

)

 

 

131,969

 

Income taxes

 

 

10,445

 

 

 

5,245

 

 

 

(21,675

)

 

 

19,024

 

General banking income (loss)

 

$

49,258

 

 

$

27,423

 

 

$

(16,931

)

 

$

112,945

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

18,282,757

 

 

$

18,126,327

 

 

$

18,282,757

 

 

$

18,126,327

 

Depreciation and amortization

 

$

9,656

 

 

$

9,483

 

 

$

27,998

 

 

$

25,496

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

1,525

 

 

$

1,494

 

 

$

4,337

 

 

$

4,462

 

Provision for credit losses

 

 

(3

)

 

 

(2,220

)

 

 

162

 

 

 

(2,131

)

Noninterest income

 

 

9,340

 

 

 

8,740

 

 

 

28,007

 

 

 

26,293

 

Noninterest expense

 

 

8,113

 

 

 

8,281

 

 

 

24,425

 

 

 

24,276

 

Income before income taxes

 

 

2,755

 

 

 

4,173

 

 

 

7,757

 

 

 

8,610

 

Income taxes

 

 

683

 

 

 

1,043

 

 

 

1,928

 

 

 

2,153

 

Wealth management income

 

$

2,072

 

 

$

3,130

 

 

$

5,829

 

 

$

6,457

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

197,615

 

 

$

194,837

 

 

$

197,615

 

 

$

194,837

 

Depreciation and amortization

 

$

62

 

 

$

63

 

 

$

188

 

 

$

199

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

154,714

 

 

$

138,637

 

 

$

428,573

 

 

$

416,136

 

Provision for credit losses

 

 

6,548

 

 

 

8,426

 

 

 

33,793

 

 

 

17,884

 

Noninterest income (loss)

 

 

37,562

 

 

 

36,921

 

 

 

(64,369

)

 

 

111,828

 

Noninterest expense

 

 

123,270

 

 

 

130,291

 

 

 

361,260

 

 

 

369,501

 

Income (loss) from continuing operations
   before income taxes

 

 

62,458

 

 

 

36,841

 

 

 

(30,849

)

 

 

140,579

 

Income taxes

 

 

11,128

 

 

 

6,288

 

 

 

(19,747

)

 

 

21,177

 

Consolidated income (loss) from
   continuing operations

 

$

51,330

 

 

$

30,553

 

 

$

(11,102

)

 

$

119,402

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets from continuing operations

 

$

18,480,372

 

 

$

18,321,164

 

 

$

18,480,372

 

 

$

18,321,164

 

Depreciation and amortization from
   continuing operations

 

$

9,718

 

 

$

9,546

 

 

$

28,186

 

 

$

25,695