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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Information

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2024

 

General Banking

 

 

Wealth Management

 

 

Consolidated

 

Interest income

 

$

949,600

 

 

$

10,730

 

 

$

960,330

 

Interest expense

 

 

373,369

 

 

 

2,540

 

 

 

375,909

 

Funds transfer pricing, net

 

 

2,231

 

 

 

(2,231

)

 

 

 

Net interest income

 

 

578,462

 

 

 

5,959

 

 

 

584,421

 

PCL

 

 

41,101

 

 

 

154

 

 

 

41,255

 

Net interest income after PCL

 

 

537,361

 

 

 

5,805

 

 

 

543,166

 

Service charges on deposit accounts

 

 

44,295

 

 

 

87

 

 

 

44,382

 

Bank card and other fees

 

 

33,148

 

 

 

153

 

 

 

33,301

 

Mortgage banking, net

 

 

26,626

 

 

 

 

 

 

26,626

 

Wealth management

 

 

748

 

 

 

36,503

 

 

 

37,251

 

Other, net

 

 

17,620

 

 

 

193

 

 

 

17,813

 

Securities gains (losses), net

 

 

(182,792

)

 

 

 

 

 

(182,792

)

Internal allocations

 

 

(377

)

 

 

377

 

 

 

 

Noninterest income (loss)

 

 

(60,732

)

 

 

37,313

 

 

 

(23,419

)

Salaries and employee benefits

 

 

243,930

 

 

 

22,309

 

 

 

266,239

 

Services and fees

 

 

98,833

 

 

 

2,757

 

 

 

101,590

 

Other segment expenses (1)

 

 

116,080

 

 

 

1,781

 

 

 

117,861

 

Internal allocations

 

 

(5,897

)

 

 

5,897

 

 

 

 

Noninterest expense

 

 

452,946

 

 

 

32,744

 

 

 

485,690

 

Income from continuing operations before income taxes

 

 

23,683

 

 

 

10,374

 

 

 

34,057

 

Income taxes from continuing operations

 

 

(13,726

)

 

 

2,573

 

 

 

(11,153

)

Consolidated income from continuing operations

 

$

37,409

 

 

$

7,801

 

 

$

45,210

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

Total assets from continuing operations

 

$

17,938,268

 

 

$

214,154

 

 

$

18,152,422

 

Depreciation and amortization from continuing operations

 

$

37,599

 

 

$

250

 

 

$

37,849

 

 

 

 

 

 

 

 

 

 

 

(1) Other segment expenses for the General Banking Segment include net occupancy-premises, equipment expense, litigation settlement expense, FDIC assessment expense, other real estate expense, net, loan expense and other miscellaneous expense. Other segment expenses for the Wealth Management Segment include net occupancy-premises, equipment expense, FDIC assessment expense, loan expense and other miscellaneous expense.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2023

 

General Banking

 

 

Wealth Management

 

 

Consolidated

 

Interest income

 

$

869,143

 

 

$

9,689

 

 

$

878,832

 

Interest expense

 

 

324,470

 

 

 

1,484

 

 

 

325,954

 

Funds transfer pricing, net

 

 

2,326

 

 

 

(2,326

)

 

 

 

Net interest income

 

 

546,999

 

 

 

5,879

 

 

 

552,878

 

PCL

 

 

26,716

 

 

 

(2,135

)

 

 

24,581

 

Net interest income after PCL

 

 

520,283

 

 

 

8,014

 

 

 

528,297

 

Service charges on deposit accounts

 

 

43,329

 

 

 

87

 

 

 

43,416

 

Bank card and other fees

 

 

33,382

 

 

 

57

 

 

 

33,439

 

Mortgage banking, net

 

 

26,216

 

 

 

 

 

 

26,216

 

Wealth management

 

 

838

 

 

 

34,254

 

 

 

35,092

 

Other, net

 

 

10,069

 

 

 

162

 

 

 

10,231

 

Securities gains (losses), net

 

 

39

 

 

 

 

 

 

39

 

Internal allocations

 

 

(376

)

 

 

376

 

 

 

 

Noninterest income (loss)

 

 

113,497

 

 

 

34,936

 

 

 

148,433

 

Salaries and employee benefits

 

 

247,014

 

 

 

21,256

 

 

 

268,270

 

Services and fees

 

 

104,432

 

 

 

3,373

 

 

 

107,805

 

Other segment expenses (1)

 

 

117,757

 

 

 

1,864

 

 

 

119,621

 

Internal allocations

 

 

(5,846

)

 

 

5,846

 

 

 

 

Noninterest expense

 

 

463,357

 

 

 

32,339

 

 

 

495,696

 

Income from continuing operations before income taxes

 

 

170,423

 

 

 

10,611

 

 

 

181,034

 

Income taxes from continuing operations

 

 

25,091

 

 

 

2,653

 

 

 

27,744

 

Consolidated income from continuing operations

 

$

145,332

 

 

$

7,958

 

 

$

153,290

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

Total assets from continuing operations

 

$

18,469,213

 

 

$

185,342

 

 

$

18,654,555

 

Depreciation and amortization from continuing operations

 

$

34,924

 

 

$

261

 

 

$

35,185

 

 

 

 

 

 

 

 

 

 

 

(1) Other segment expenses for the General Banking Segment include net occupancy-premises, equipment expense, litigation settlement expense, FDIC assessment expense, other real estate expense, net, loan expense and other miscellaneous expense. Other segment expenses for the Wealth Management Segment include net occupancy-premises, equipment expense, FDIC assessment expense, loan expense and other miscellaneous expense.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2022

 

General Banking

 

 

Wealth Management

 

 

Consolidated

 

Interest income

 

$

534,531

 

 

$

7,302

 

 

$

541,833

 

Interest expense

 

 

47,044

 

 

 

81

 

 

 

47,125

 

Funds transfer pricing, net

 

 

1,900

 

 

 

(1,900

)

 

 

 

Net interest income

 

 

489,387

 

 

 

5,321

 

 

 

494,708

 

PCL

 

 

22,913

 

 

 

(21

)

 

 

22,892

 

Net interest income after PCL

 

 

466,474

 

 

 

5,342

 

 

 

471,816

 

Service charges on deposit accounts

 

 

42,073

 

 

 

84

 

 

 

42,157

 

Bank card and other fees

 

 

36,058

 

 

 

47

 

 

 

36,105

 

Mortgage banking, net

 

 

28,306

 

 

 

 

 

 

28,306

 

Wealth management

 

 

639

 

 

 

34,374

 

 

 

35,013

 

Other, net

 

 

9,313

 

 

 

528

 

 

 

9,841

 

Securities gains (losses), net

 

 

 

 

 

 

 

 

 

Internal allocations

 

 

(39

)

 

 

39

 

 

 

 

Noninterest income (loss)

 

 

116,350

 

 

 

35,072

 

 

 

151,422

 

Salaries and employee benefits

 

 

232,720

 

 

 

21,527

 

 

 

254,247

 

Services and fees

 

 

100,397

 

 

 

3,496

 

 

 

103,893

 

Other segment expenses (1)

 

 

204,097

 

 

 

1,896

 

 

 

205,993

 

Internal allocations

 

 

(5,954

)

 

 

5,954

 

 

 

 

Noninterest expense

 

 

531,260

 

 

 

32,873

 

 

 

564,133

 

Income from continuing operations before income taxes

 

 

51,564

 

 

 

7,541

 

 

 

59,105

 

Income taxes from continuing operations

 

 

(3,683

)

 

 

1,870

 

 

 

(1,813

)

Consolidated income from continuing operations

 

$

55,247

 

 

$

5,671

 

 

$

60,918

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

Total assets from continuing operations

 

$

17,724,953

 

 

$

214,313

 

 

$

17,939,266

 

Depreciation and amortization from continuing operations

 

$

38,909

 

 

$

288

 

 

$

39,197

 

 

 

 

 

 

 

 

 

 

 

(1) Other segment expenses for the General Banking Segment include net occupancy-premises, equipment expense, litigation settlement expense, FDIC assessment expense, other real estate expense, net, loan expense and other miscellaneous expense. Other segment expenses for the Wealth Management Segment include net occupancy-premises, equipment expense, FDIC assessment expense, loan expense and other miscellaneous expense.