Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

nformation about the Corporation’s segments is presented below:


	As of and for the Quarter Ended March 31, 2025
($ in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services(a)		Consolidated Corporation
Net segment interest income (expense)	$	227,286	$	62,496	$	(3,841)	$	285,941
Net intersegment interest (expense) income	(93,342)		135,656		(42,314)		—
Net interest income (expense)	133,944		198,152		(46,155)		285,941
Noninterest income (expense)	12,903		49,100		(3,227)		58,776
Total income (expense) before provision	146,847		247,252		(49,382)		344,717
Provision for credit losses	19,014		6,072		(12,083)		13,003
Total income (expense) after provision	127,833		241,180		(37,299)		331,714
Noninterest expense
Personnel	21,327		59,871		42,699		123,897
Technology(b)	591		13,045		13,503		27,139
Occupancy(b)	—		27		15,354		15,381
Business development and advertising	934		837		4,615		6,386
Equipment(b)	—		1,103		3,424		4,527
Legal and professional	201		809		5,073		6,083
Loan and foreclosure costs	810		1,344		440		2,594
FDIC assessment	—		—		10,436		10,436
Other intangible amortization	—		—		2,203		2,203

Other noninterest expense	781		7,490		3,703		11,974
Allocated indirect expense (income)	20,508		52,291		(72,799)		—
Total noninterest expense	45,152		136,817		28,651		210,619
Net income (loss) before income taxes	82,681		104,363		(65,950)		121,095
Income tax expense (benefit)	15,696		21,916		(18,203)		19,409
Net income (loss)	$	66,985	$	82,447	$	(47,747)	$	101,687

Loans	$	17,400,092	$	12,417,213	$	476,822	$	30,294,127
Allocated goodwill	525,836		579,156		—		1,104,992
Total assets	18,202,227		13,245,770		11,861,139		43,309,136

(a) An unusual item of a $7 million loss on mortgage portfolio sale as a result of the settlement of the mortgage sale announced in the fourth quarter of 2024 is included within the noninterest income (expense) caption.

(b) A portion of total depreciation expense of approximately $61,000, $3 million, and $11 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 Quarter Ended March 31, 2024
($ in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services		Consolidated Corporation
Net segment interest income (expense)	$	239,729	$	61,395	$	(43,266)	$	257,858
Net intersegment interest (expense) income	(107,565)		143,987		(36,422)		—
Net interest income (expense)	132,164		205,382		(79,688)		257,858
Noninterest income	11,869		47,048		6,068		64,985
Total income (expense) before provision	144,033		252,430		(73,620)		322,843
Provision for credit losses	14,998		7,256		1,747		24,001
Total income (expense) after provision	129,035		245,174		(75,367)		298,842
Noninterest expense
Personnel	20,430		60,569		38,396		119,395
Technology(a)	601		11,349		14,250		26,200
Occupancy(a)	—		22		13,611		13,633
Business development and advertising	937		859		4,721		6,517
Equipment(a)	1		1,398		3,200		4,599
Legal and professional	135		401		4,136		4,672
Loan and foreclosure costs	246		1,652		81		1,979
FDIC assessment	—		—		13,946		13,946
Other intangible amortization	—		—		2,203		2,203

Other noninterest expense	763		6,388		(2,638)		4,513
Allocated indirect expense (income)	19,665		51,424		(71,089)		—
Total noninterest expense	42,778		134,062		20,817		197,657
Net income (loss) before income taxes	86,257		111,112		(96,184)		101,185
Income tax expense (benefit)	17,808		23,335		(21,127)		20,016
Net income (loss)	$	68,449	$	87,777	$	(75,058)	$	81,169

Loans	$	16,171,212	$	12,770,285	$	552,766	29,494,263
Allocated goodwill	525,836		$	579,156	—		1,104,992
Total assets	16,973,027		13,600,201		10,563,856		41,137,084