Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Selected segment information

Information about the Corporation’s segments is presented below:

	Corporate and Commercial Specialty
	Three Months Ended Jun 30,				Six Months Ended Jun 30,
($ in thousands)	2024		2023		2024		2023
Net interest income	$	251,196	$	240,542	$	494,127	$	459,665
Net intersegment interest (expense)	(99,238)		(100,711)		(192,974)		(181,691)
Segment net interest income	151,958		139,832		301,153		277,975
Noninterest income	35,131		32,451		69,553		65,168
Total revenue	187,089		172,282		370,707		343,143
Provision for credit losses	16,492		13,674		31,920		27,456
Noninterest expense	65,394		61,137		131,744		123,256
Income before income taxes	105,204		97,471		207,042		192,431
Income tax expense	17,765		17,086		38,846		34,811
Net income	$	87,438	$	80,385	$	168,196	$	157,619
Allocated goodwill					$	525,836	$	525,836

	Community, Consumer, and Business
	Three Months Ended Jun 30,				Six Months Ended Jun 30,
($ in thousands)	2024		2023		2024		2023
Net interest income	$	57,808	$	72,460	$	116,000	$	152,744
Net intersegment interest income	135,332		105,841		265,491		193,920
Segment net interest income	193,140		178,301		381,491		346,664
Noninterest income	25,418		30,252		49,912		56,199
Total revenue	218,559		208,554		431,404		402,863
Provision for credit losses	5,591		7,328		12,416		14,086
Noninterest expense	107,565		108,928		218,055		220,663
Income before income taxes	105,403		92,298		200,933		168,114
Income tax expense	22,134		19,383		42,196		35,304
Net income	$	83,268	$	72,915	$	158,737	$	132,810
Allocated goodwill					$	579,156	$	579,156

	Risk Management and Shared Services
	Three Months Ended Jun 30,				Six Months Ended Jun 30,
($ in thousands)	2024		2023		2024		2023
Net interest (loss)	$	(52,411)	$	(55,085)	$	(95,677)	$	(80,483)
Net intersegment (expense)	(36,095)		(5,130)		(72,517)		(12,229)
Segment net interest (loss)	(88,506)		(60,216)		(168,194)		(92,712)
Noninterest income	4,610		2,840		10,678		6,249
Total revenue	(83,896)		(57,376)		(157,515)		(86,463)
Provision for credit losses	925		1,097		2,672		(1,471)
Noninterest expense	22,902		20,609		43,719		34,167
(Loss) before income taxes	(107,722)		(79,082)		(203,906)		(119,159)
Income tax (benefit)	(52,589)		(12,935)		(73,716)		(19,243)
Net (loss)	$	(55,133)	$	(66,146)	$	(130,191)	$	(99,916)
Allocated goodwill					$	—	$	—

	Consolidated Total
	Three Months Ended Jun 30,				Six Months Ended Jun 30,
($ in thousands)	2024		2023		2024		2023
Net interest income	$	256,593	$	257,917	$	514,451	$	531,927
Net intersegment interest income	—		—		—		—
Segment net interest income	256,593		257,917		514,451		531,927
Noninterest income	65,159		65,543		130,144		127,616
Total revenue	321,752		323,460		644,595		659,543
Provision for credit losses	23,008		22,100		47,009		40,071
Noninterest expense	195,861		190,673		393,518		378,086
Income before income taxes	102,884		110,687		204,068		241,386
Income tax (benefit) expense	(12,689)		23,533		7,326		50,873
Net income	$	115,573	$	87,154	$	196,742	$	190,514
Allocated goodwill					$	1,104,992	$	1,104,992