Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Financial information about the Corporation’s segments is presented below:


	As of and for the Year Ended December 31, 2024
($ in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services(a)		Consolidated Corporation
Net segment interest income (expense)	$	976,878	$	247,791	$	(177,421)	$	1,047,248
Net intersegment interest (expense) income	(429,917)		579,587		(149,670)		—
Net interest income (expense)	546,961		827,378		(327,091)		1,047,248
Noninterest income (expense)	53,435		198,485		(261,327)		(9,407)
Total income (expense) before provision	600,396		1,025,863		(588,418)		1,037,841
Provision for credit losses	66,390		24,759		(6,163)		84,986
Total income (expense) after provision	534,006		1,001,104		(582,255)		952,855
Noninterest expense
Personnel	79,853		232,787		175,316		487,956
Technology(b)	2,594		47,241		57,728		107,563
Occupancy(b)	—		61		54,561		54,622
Business development and advertising	3,543		3,169		21,430		28,142
Equipment(b)	2		5,930		12,499		18,431
Legal and professional	825		1,978		18,798		21,601
Loan and foreclosure costs	1,100		5,018		2,353		8,471
FDIC assessment	—		—		38,439		38,439
Other intangible amortization	—		—		8,811		8,811
Loss on prepayments of FHLB advances	—		—		14,243		14,243
Other noninterest expense (income)	3,338		27,921		(1,141)		30,118
Allocated indirect expense (income)	88,036		205,979		(294,015)		—
Total noninterest expense	179,291		530,084		109,022		818,397
Net income (loss) before income taxes	354,715		471,020		(691,277)		134,459
Income tax expense (benefit)	64,346		97,460		(150,492)		11,314
Net income (loss)	$	290,369	$	373,560	$	(540,785)	$	123,145

Loans	$	16,959,921	$	12,318,648	$	490,017	$	29,768,586
Allocated goodwill	525,836		579,156		—		1,104,992
Total assets	17,794,372		13,892,891		11,335,805		43,023,068

(a) Unusual items including a $130 million loss on mortgage portfolio sale and a $148 million loss on investment securities as a result of the balance sheet repositioning announced in the fourth quarter of 2024 are included within the noninterest income (expense) caption.

(b) A portion of total depreciation expense of approximately $242,000, $10 million, and $39 million for the Corporate and Commercial Specialty, Community Consumer and Business, and Risk Management and Shared Services segments, respectively, is included in this expense caption.


	As of and for the Year Ended December 31, 2023
($ in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services(a)		Consolidated Corporation
Net segment interest income (expense)	$	933,929	$	309,291	$	(203,647)	$	1,039,573
Net intersegment interest (expense) income	(432,073)		487,897		(55,824)		—
Net interest income (expense)	501,856		797,188		(259,471)		1,039,573
Noninterest income (expense)	51,905		193,948		(182,671)		63,182
Total income (expense) before provision	553,761		991,136		(442,142)		1,102,756
Provision for credit losses	54,302		29,757		(1,038)		83,021
Total income (expense) after provision	499,459		961,379		(441,104)		1,019,734
Noninterest expense
Personnel	71,688		236,385		160,282		468,355
Technology(b)	2,931		44,661		54,426		102,018
Occupancy(b)	—		95		57,109		57,204
Business development and advertising	4,042		4,001		20,362		28,405
Equipment(b)	1		5,770		13,892		19,663
Legal and professional	1,359		1,933		16,619		19,911
Loan and foreclosure costs	877		3,065		1,466		5,408
FDIC assessment	—		—		67,072		67,072
Other intangible amortization	—		—		8,811		8,811

Other noninterest expense	3,501		29,800		3,534		36,837
Allocated indirect expense (income)	83,190		191,613		(274,803)		—
Total noninterest expense	167,589		517,323		128,770		813,682
Net income (loss) before income taxes	331,870		444,056		(569,873)		206,052
Income tax expense (benefit)	59,143		91,770		(127,816)		23,097
Net income (loss)	$	272,727	$	352,286	$	(442,057)	$	182,956

Loans	$	16,045,897	$	12,642,123	$	528,198	29,216,218
Allocated goodwill	525,836		$	579,156	—		1,104,992
Total assets	16,897,021		13,453,475		10,665,359		41,015,855

(a) Unusual items including a $136 million loss on mortgage portfolio sale and a $65 million loss on investment securities as a result of the balance sheet repositioning announced in the fourth quarter of 2023 are included within the noninterest income (expense) caption and a $31 million FDIC special assessment is included in the FDIC assessment caption.

(b) A portion of total depreciation expense of approximately $164,000, $8 million, and $39 million for the Corporate and Commercial Specialty, Community Consumer and Business, and Risk Management and Shared Services segments, respectively, is included in this expense caption.


	As of and for the Year Ended December 31, 2022
($ in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services		Consolidated Corporation
Net segment interest income	$	526,870	$	362,420	$	68,031	$	957,321
Net intersegment interest (expense) income	(118,059)		190,862		(72,803)		—
Net interest income (expense)	408,811		553,282		(4,772)		957,321
Noninterest income	58,938		205,660		17,772		282,370
Total income before provision	467,749		758,942		12,999		1,239,691
Provision for credit losses	47,939		22,359		(37,300)		32,998
Total income after provision	419,810		736,583		50,299		1,206,693
Noninterest expense
Personnel	71,043		238,962		144,096		454,101
Technology(a)	3,029		33,330		54,341		90,700
Occupancy(a)	—		82		59,712		59,794
Business development and advertising	3,703		3,428		18,394		25,525
Equipment(a)	1		5,365		14,266		19,632
Legal and professional	1,025		4,209		13,016		18,250
Loan and foreclosure costs	528		4,308		1,089		5,925
FDIC assessment	—		—		22,650		22,650
Other intangible amortization	—		—		8,811		8,811

Other noninterest expense	3,350		31,720		6,605		41,675
Allocated indirect expense (income)	73,548		173,645		(247,193)		—
Total noninterest expense	156,227		495,049		95,787		747,063
Net income (loss) before income taxes	263,583		241,534		(45,488)		459,630
Income tax expense (benefit)	47,440		49,347		(3,279)		93,508
Net income (loss)	$	216,143	$	192,187	$	(42,209)	$	366,122

Loans	$	17,083,254	$	11,231,404	$	484,911	$	28,799,569
Allocated goodwill	525,836		579,156		—		1,104,992
Total assets	17,909,477		12,073,694		9,422,556		39,405,727

(a) A portion of total depreciation expense of approximately $15,000, $4 million, and $41 million for the Corporate and Commercial Specialty, Community Consumer and Business, and Risk Management and Shared Services segments, respectively, is included in this expense caption.