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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting Information [Line Items]  
Selected segment information
Information about the Corporation’s segments is presented below:
 
Corporate and Commercial Specialty
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
2019
 
2018
 
 
2019
 
2018
 
($ in Thousands)
Net interest income
$
115,648

 
$
121,985

 
 
$
231,557

 
$
226,420

Net intersegment interest income (expense)
(20,061
)
 
(14,656
)
 
 
(42,683
)
 
(23,133
)
Segment net interest income
95,587

 
107,330

 
 
188,874

 
203,287

Noninterest income
14,318

 
14,194

 
 
25,763

 
26,876

Total revenue
109,904

 
121,524

 
 
214,637

 
230,163

Credit provision
13,317

 
11,126

 
 
26,802

 
21,723

Noninterest expense
40,022

 
41,775

 
 
78,810

 
81,025

Income (loss) before income taxes
56,566

 
68,623

 
 
109,026

 
127,415

Income tax expense (benefit)
10,864

 
13,454

 
 
20,866

 
24,880

Net income
$
45,702

 
$
55,169

 
 
$
88,159

 
$
102,535

Allocated goodwill
 
 
 
 
 
$
525,798

 
$
523,284

 
Community, Consumer, and Business
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
2019
 
2018
 
 
2019
 
2018
 
($ in Thousands)
Net interest income
$
84,874

 
$
90,418

 
 
$
172,946

 
$
176,813

Net intersegment interest income (expense)
25,586

 
24,202

 
 
49,028

 
41,350

Segment net interest income
110,461

 
114,620

 
 
221,974

 
218,163

Noninterest income
78,335

 
76,250

 
 
152,559

 
150,286

Total revenue
188,796

 
190,870

 
 
374,533

 
368,449

Credit provision
4,966

 
4,880

 
 
10,000

 
9,846

Noninterest expense
138,415

 
138,553

 
 
269,405

 
265,700

Income (loss) before income taxes
45,415

 
47,437

 
 
95,128

 
92,904

Income tax expense (benefit)
9,540

 
9,962

 
 
19,983

 
19,510

Net income
$
35,874

 
$
37,475

 
 
$
75,145

 
$
73,394

Allocated goodwill
 
 
 
 
 
$
650,221

 
$
643,382










Information about the Corporation’s segments is presented below: (continued)
 
Risk Management and Shared Services
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
2019
 
2018
 
 
2019
 
2018
 
($ in Thousands)
Net interest income
$
13,097

 
$
13,959

 
 
$
24,664

 
$
33,000

Net intersegment interest income (expense)
(5,525
)
 
(9,546
)
 
 
(6,345
)
 
(18,217
)
Segment net interest income
7,572

 
4,413

 
 
18,318

 
14,783

Noninterest income
3,185

 
2,399

 
 
8,718

 
6,059

Total revenue
10,757

 
6,812

 
 
27,036

 
20,842

Credit provision
(10,283
)
 
(12,006
)
 
 
(22,801
)
 
(27,569
)
Noninterest expense(a)
19,343

 
30,929

 
 
41,236

 
77,498

Income (loss) before income taxes
1,697

 
(12,111
)
 
 
8,602

 
(29,087
)
Income tax expense (benefit)
(1,387
)
 
(8,661
)
 
 
560

 
(11,806
)
Net income
$
3,084

 
$
(3,450
)
 
 
$
8,042

 
$
(17,280
)
Allocated goodwill
 
 
 
 
 
$

 
$

 
Consolidated Total
 
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
2019
 
2018
 
 
2019
 
2018
 
($ in Thousands)
Net interest income
$
213,619

 
$
226,362

 
 
$
429,167

 
$
436,233

Net intersegment interest income (expense)

 

 
 

 

Segment net interest income
213,619

 
226,362

 
 
429,167

 
436,233

Noninterest income
95,837

 
92,842

 
 
187,040

 
183,222

Total revenue
309,457

 
319,204

 
 
616,206

 
619,455

Credit provision
8,000

 
4,000

 
 
14,000

 
4,000

Noninterest expense
197,779

 
211,258

 
 
389,450

 
424,223

Income (loss) before income taxes
103,678

 
103,947

 
 
212,756

 
191,232

Income tax expense (benefit)
19,017

 
14,754

 
 
41,409

 
32,583

Net income
$
84,661

 
$
89,192

 
 
$
171,347

 
$
158,648

Allocated goodwill
 
 
 
 
 
$
1,176,019

 
$
1,166,665

(a) For the three months ended June 30, 2019 and 2018, the Risk Management and Shared Services segment includes approximately $4 million and $7 million, respectively, of acquisition related noninterest expense. For the six months ended June 30, 2019 and 2018, the Risk Management and Shared Services segment includes approximately $4 million and $28 million, respectively, of acquisition related noninterest expense.