Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

Information about the Corporation’s segments is presented below:


	Corporate and Commercial Specialty
	Three Months Ended June 30,						Six Months Ended June 30,
($ in Thousands)	2020		2019		2020		2019
Net interest income	$	98,824	$	114,232	$	206,577	$	228,162
Net intersegment interest income (expense)	6,889		(13,326)		(3,856)		(28,881)
Segment net interest income	105,713		100,906		202,721		199,281
Noninterest income	30,691		31,267		65,124		58,414
Total revenue	136,405		132,174		267,845		257,695
Credit provision	13,713		12,585		25,885		25,169
Noninterest expense	50,837		56,450		102,098		111,383
Income (loss) before income taxes	71,855		63,139		139,862		121,144
Income tax expense (benefit)	13,446		12,244		26,117		23,411
Net income	$	58,410	$	50,895	$	113,745	$	97,732






Allocated goodwill					$	530,144	$	530,106


	Community, Consumer, and Business
	Three Months Ended June 30,						Six Months Ended June 30,
($ in Thousands)	2020		2019		2020		2019
Net interest income	$	73,120	$	77,013	$	148,047	$	156,699
Net intersegment interest income (expense)	14,340		22,804		33,025		43,551
Segment net interest income	87,459		99,817		181,072		200,250
Noninterest income	58,557		62,123		116,207		120,398
Total revenue	146,017		161,940		297,279		320,648
Credit provision	5,429		4,626		10,537		9,311
Noninterest expense	122,290		119,694		238,721		232,612
Income (loss) before income taxes	18,298		37,620		48,021		78,725
Income tax expense (benefit)	3,843		7,900		10,084		16,532
Net income	$	14,455	$	29,720	$	37,936	$	62,193






Allocated goodwill					$	577,758	$	645,913


	Risk Management and Shared Services
	Three Months Ended June 30,						Six Months Ended June 30,
($ in Thousands)	2020		2019		2020		2019
Net interest income	$	17,929	$	22,375	$	38,190	$	44,306
Net intersegment interest income (expense)	(21,229)		(9,478)		(29,169)		(14,671)
Segment net interest income	(3,301)		12,896		9,021		29,635
Noninterest income^(a)	165,242		2,447		171,465		8,228
Total revenue	161,941		15,343		180,486		37,863
Credit provision	41,858		(9,211)		77,579		(20,480)
Noninterest expense^(b)	10,280		21,634		34,779		45,456
Income (loss) before income taxes	109,802		2,919		68,129		12,887
Income tax expense (benefit)	33,950		(1,127)		25,255		1,466
Net income	$	75,853	$	4,047	$	42,874	$	11,422






Allocated goodwill					$	—	$	—


	Consolidated Total
	Three Months Ended June 30,						Six Months Ended June 30,
($ in Thousands)	2020		2019		2020		2019
Net interest income	$	189,872	$	213,619	$	392,814	$	429,167
Net intersegment interest income (expense)	—		—		—		—
Segment net interest income	189,872		213,619		392,814		429,167
Noninterest income^(a)	254,490		95,837		352,796		187,040
Total revenue	444,362		309,457		745,610		616,206
Credit provision	61,000		8,000		114,001		14,000
Noninterest expense^(b)	183,407		197,779		375,598		389,450
Income (loss) before income taxes	199,955		103,678		256,012		212,756
Income tax expense (benefit)	51,238		19,017		61,457		41,409
Net income	$	148,718	$	84,661	$	194,555	$	171,347






Allocated goodwill					$	1,107,902	$	1,176,019

(a) For the three and six months ended June 30, 2020, the Corporation recognized a $163 million asset gain related to the sale of ABRC.

(b) For the three months ended both June 30, 2020 and 2019, the Risk Management and Shared Services segment included less than $1 million and approximately $4 million respectively, of acquisition related noninterest expense. For the six months ended June 30, 2020 and 2019, the Risk Management and Shared Services segment included approximately $2 million and $4 million respectively, of acquisition related noninterest expense.