Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

Information about the Corporation’s segments is presented below:


	Corporate and Commercial Specialty
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
($ in thousands)	2023		2022		2023		2022
Net interest income	$	250,365	$	161,143	$	710,031	$	363,135
Net intersegment interest (expense)	(106,675)		(40,117)		(288,366)		(36,893)
Segment net interest income	143,690		121,026		421,665		326,242
Noninterest income	34,081		35,663		99,243		112,620
Total revenue	177,771		156,688		520,908		438,862
Provision for credit losses	14,066		11,904		41,523		36,803
Noninterest expense	63,207		58,934		186,351		172,141
Income before income taxes	100,498		85,851		293,034		229,918
Income tax expense	19,304		15,967		54,138		42,248
Net income	$	81,194	$	69,884	$	238,897	$	187,670






Allocated goodwill					$	525,836	$	525,836


	Community, Consumer, and Business
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
($ in thousands)	2023		2022		2023		2022
Net interest income	$	67,139	$	87,156	$	219,883	$	233,699
Net intersegment interest income	123,900		49,437		317,820		98,907
Segment net interest income	191,039		136,593		537,703		332,606
Noninterest income	29,675		26,745		85,881		92,072
Total revenue	220,714		163,338		623,584		424,679
Provision for credit losses	7,381		5,378		21,467		14,958
Noninterest expense	108,185		107,860		328,960		311,423
Income before income taxes	105,148		50,100		273,158		98,298
Income tax expense	22,187		10,521		57,469		20,642
Net income	$	82,961	$	39,579	$	215,688	$	77,655






Allocated goodwill					$	579,156	$	579,156


	Risk Management and Shared Services
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
($ in thousands)	2023		2022		2023		2022
Net interest income (loss)	$	(63,260)	$	16,140	$	(143,743)	$	71,498
Net intersegment (expense)	(17,225)		(9,320)		(29,454)		(62,014)
Segment net interest income (loss)	(80,485)		6,820		(173,197)		9,484
Noninterest income	2,823		8,381		9,071		16,021
Total revenue	(77,663)		15,201		(164,126)		25,505
Provision for credit losses	496		(283)		(975)		(38,756)
Noninterest expense	24,814		28,997		58,980		66,940
(Loss) before income taxes	(102,972)		(13,513)		(222,131)		(2,679)
Income tax expense (benefit)	(22,065)		(325)		(41,308)		5,286
Net (loss)	$	(80,907)	$	(13,189)	$	(180,823)	$	(7,965)






Allocated goodwill					$	—	$	—


	Consolidated Total
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
($ in thousands)	2023		2022		2023		2022
Net interest income	$	254,244	$	264,439	$	786,171	$	668,332
Net intersegment interest income	—		—		—		—
Segment net interest income	254,244		264,439		786,171		668,332
Noninterest income	66,579		70,788		194,195		220,713
Total revenue	320,823		335,227		980,366		889,045
Provision for credit losses	21,943		16,998		62,014		13,006
Noninterest expense	196,205		195,791		574,291		550,503
Income before income taxes	102,674		122,438		344,061		325,536
Income tax expense	19,426		26,163		70,299		68,176
Net income	$	83,248	$	96,275	$	273,762	$	257,360






Allocated goodwill					$	1,104,992	$	1,104,992