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Business Segments (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Selected Business Segment Financial Information

Selected business segment financial information as of and for the three and six months ended June 30, 2023, and June 30, 2022, were as follows:

 

(dollars in thousands)

 

Consumer
Banking

 

Commercial
Banking

 

Treasury
and Other

 

 

Consolidated
Total

 

Three Months Ended June 30, 2023

 

 

 

 

 

 

 

 

 

 

Net Interest Income (Loss)

 

$

99,814

 

$

53,673

 

$

(29,139

)

 

$

124,348

 

Provision for Credit Losses

 

 

1,392

 

 

(15

)

 

1,123

 

 

 

2,500

 

Net Interest Income (Loss) After Provision for Credit Losses

 

 

98,422

 

 

53,688

 

 

(30,262

)

 

 

121,848

 

Noninterest Income

 

 

31,944

 

 

7,939

 

 

3,372

 

 

 

43,255

 

Noninterest Expense

 

 

(81,275

)

 

(19,302

)

 

(3,459

)

 

 

(104,036

)

Income (Loss) Before Provision for Income Taxes

 

 

49,091

 

 

42,325

 

 

(30,349

)

 

 

61,067

 

Provision for Income Taxes

 

 

(12,645

)

 

(10,710

)

 

8,349

 

 

 

(15,006

)

Net Income (Loss)

 

$

36,446

 

$

31,615

 

$

(22,000

)

 

$

46,061

 

Total Assets as of June 30, 2023

 

$

8,739,294

 

$

5,714,929

 

$

10,493,713

 

 

$

24,947,936

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2022 1

 

 

 

 

 

 

 

 

 

 

Net Interest Income

 

$

76,872

 

$

49,791

 

$

6,239

 

 

$

132,902

 

Provision for Credit Losses

 

 

632

 

 

(1

)

 

(3,131

)

 

 

(2,500

)

Net Interest Income After Provision for Credit Losses

 

 

76,240

 

 

49,792

 

 

9,370

 

 

 

135,402

 

Noninterest Income

 

 

31,868

 

 

8,363

 

 

1,927

 

 

 

42,158

 

Noninterest Expense

 

 

(82,856

)

 

(17,014

)

 

(3,069

)

 

 

(102,939

)

Income Before Provision for Income Taxes

 

 

25,252

 

 

41,141

 

 

8,228

 

 

 

74,621

 

Provision for Income Taxes

 

 

(6,339

)

 

(10,252

)

 

(1,168

)

 

 

(17,759

)

Net Income

 

$

18,913

 

$

30,889

 

$

7,060

 

 

$

56,862

 

Total Assets as of June 30, 2022 1

 

$

8,205,352

 

$

5,339,224

 

$

9,688,123

 

 

$

23,232,699

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2023

 

 

 

 

 

 

 

 

 

 

Net Interest Income (Loss)

 

$

197,822

 

$

110,378

 

$

(47,897

)

 

$

260,303

 

Provision for Credit Losses

 

 

4,061

 

 

(16

)

 

455

 

 

 

4,500

 

Net Interest Income (Loss) After Provision for Credit Losses

 

 

193,761

 

 

110,394

 

 

(48,352

)

 

 

255,803

 

Noninterest Income

 

 

63,098

 

 

16,588

 

 

4,306

 

 

 

83,992

 

Noninterest Expense

 

 

(166,348

)

 

(39,591

)

 

(10,016

)

 

 

(215,955

)

Income (Loss) Before Provision for Income Taxes

 

 

90,511

 

 

87,391

 

 

(54,062

)

 

 

123,840

 

Provision for Income Taxes

 

 

(23,268

)

 

(21,503

)

 

13,834

 

 

 

(30,937

)

Net Income (Loss)

 

$

67,243

 

$

65,888

 

$

(40,228

)

 

$

92,903

 

Total Assets as of June 30, 2023

 

$

8,739,294

 

$

5,714,929

 

$

10,493,713

 

 

$

24,947,936

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2022 1

 

 

 

 

 

 

 

 

 

 

Net Interest Income

 

$

147,233

 

$

96,140

 

$

14,792

 

 

$

258,165

 

Provision for Credit Losses

 

 

2,315

 

 

(198

)

 

(10,117

)

 

 

(8,000

)

Net Interest Income After Provision for Credit Losses

 

 

144,918

 

 

96,338

 

 

24,909

 

 

 

266,165

 

Noninterest Income

 

 

63,837

 

 

18,561

 

 

3,311

 

 

 

85,709

 

Noninterest Expense

 

 

(164,666

)

 

(35,683

)

 

(6,464

)

 

 

(206,813

)

Income Before Provision for Income Taxes

 

 

44,089

 

 

79,216

 

 

21,756

 

 

 

145,061

 

Provision for Income Taxes

 

 

(11,053

)

 

(19,449

)

 

(2,863

)

 

 

(33,365

)

Net Income

 

$

33,036

 

$

59,767

 

$

18,893

 

 

$

111,696

 

Total Assets as of June 30, 2022 1

 

$

8,205,352

 

$

5,339,224

 

$

9,688,123

 

 

$

23,232,699

 

1  Certain prior period information has been reclassified to conform to current presentation.