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Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information

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

 

Three Months Ended March 31, 2025

 

General Banking

 

 

Wealth Management

 

 

Consolidated

 

Interest income

 

$

226,158

 

 

$

2,989

 

 

$

229,147

 

Interest expense

 

 

76,297

 

 

 

795

 

 

 

77,092

 

Funds transfer pricing, net

 

 

460

 

 

 

(460

)

 

 

 

Net interest income

 

 

150,321

 

 

 

1,734

 

 

 

152,055

 

PCL

 

 

5,297

 

 

 

(3

)

 

 

5,294

 

Net interest income after PCL

 

 

145,024

 

 

 

1,737

 

 

 

146,761

 

Service charges on deposit accounts

 

 

10,615

 

 

 

21

 

 

 

10,636

 

Bank card and other fees

 

 

7,625

 

 

 

39

 

 

 

7,664

 

Mortgage banking, net

 

 

8,771

 

 

 

 

 

 

8,771

 

Wealth management

 

 

181

 

 

 

9,362

 

 

 

9,543

 

Other, net

 

 

5,918

 

 

 

52

 

 

 

5,970

 

Internal allocations

 

 

(96

)

 

 

96

 

 

 

 

Noninterest income (loss)

 

 

33,014

 

 

 

9,570

 

 

 

42,584

 

Salaries and employee benefits

 

 

62,871

 

 

 

5,621

 

 

 

68,492

 

Services and fees

 

 

25,599

 

 

 

648

 

 

 

26,247

 

Other segment expenses (1)

 

 

28,847

 

 

 

425

 

 

 

29,272

 

Internal allocations

 

 

(1,482

)

 

 

1,482

 

 

 

 

Noninterest expense

 

 

115,835

 

 

 

8,176

 

 

 

124,011

 

Income from continuing operations before income taxes

 

 

62,203

 

 

 

3,131

 

 

 

65,334

 

Income taxes from continuing operations

 

 

10,922

 

 

 

779

 

 

 

11,701

 

Consolidated income from continuing operations

 

$

51,281

 

 

$

2,352

 

 

$

53,633

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

Total assets from continuing operations

 

$

18,098,364

 

 

$

197,839

 

 

$

18,296,203

 

Depreciation and amortization from continuing operations

 

$

8,509

 

 

$

62

 

 

$

8,571

 

 

(1) Other segment expenses for the General Banking Segment include net occupancy-premises, equipment 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.

Three Months Ended March 31, 2024

 

General Banking

 

 

Wealth Management

 

 

Consolidated

 

Interest income

 

$

227,571

 

 

$

2,269

 

 

$

229,840

 

Interest expense

 

 

96,502

 

 

 

508

 

 

 

97,010

 

Funds transfer pricing, net

 

 

445

 

 

 

(445

)

 

 

 

Net interest income

 

 

131,514

 

 

 

1,316

 

 

 

132,830

 

PCL

 

 

7,348

 

 

 

168

 

 

 

7,516

 

Net interest income after PCL

 

 

124,166

 

 

 

1,148

 

 

 

125,314

 

Service charges on deposit accounts

 

 

10,936

 

 

 

22

 

 

 

10,958

 

Bank card and other fees

 

 

7,392

 

 

 

36

 

 

 

7,428

 

Mortgage banking, net

 

 

8,915

 

 

 

 

 

 

8,915

 

Wealth management

 

 

189

 

 

 

8,763

 

 

 

8,952

 

Other, net

 

 

3,060

 

 

 

42

 

 

 

3,102

 

Internal allocations

 

 

(94

)

 

 

94

 

 

 

 

Noninterest income (loss)

 

 

30,398

 

 

 

8,957

 

 

 

39,355

 

Salaries and employee benefits

 

 

60,103

 

 

 

5,384

 

 

 

65,487

 

Services and fees

 

 

23,739

 

 

 

692

 

 

 

24,431

 

Other segment expenses (1)

 

 

29,287

 

 

 

459

 

 

 

29,746

 

Internal allocations

 

 

(1,456

)

 

 

1,456

 

 

 

 

Noninterest expense

 

 

111,673

 

 

 

7,991

 

 

 

119,664

 

Income from continuing operations before income taxes

 

 

42,891

 

 

 

2,114

 

 

 

45,005

 

Income taxes from continuing operations

 

 

6,309

 

 

 

523

 

 

 

6,832

 

Consolidated income from continuing operations

 

$

36,582

 

 

$

1,591

 

 

$

38,173

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

Total assets from continuing operations

 

$

18,125,354

 

 

$

178,165

 

 

$

18,303,519

 

Depreciation and amortization from continuing operations

 

$

8,367

 

 

$

62

 

 

$

8,429

 

 

(1) Other segment expenses for the General Banking Segment include net occupancy-premises, equipment 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.