Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

nformation about the Corporation’s segments is presented below:


	As of and for the three months ended June 30, 2025
(in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services		Consolidated Corporation
Net segment interest income (expense)	$	242,978	$	68,871	$	(11,849)	$	300,000
Net intersegment interest (expense) income	(104,430)		133,665		(29,235)		—
Net interest income (expense)	138,548		202,536		(41,084)		300,000
Noninterest income (expense)	11,984		51,461		3,532		66,977
Total income (expense) before provision	150,532		253,997		(37,552)		366,977
Provision for credit losses	20,368		6,363		(8,735)		17,996
Total income (expense) after provision	130,164		247,634		(28,817)		348,981
Noninterest expense
Personnel	20,149		56,641		50,204		126,994
Technology(a)	842		12,903		12,763		26,508
Occupancy(a)	33		31		12,580		12,644
Business development and advertising	1,252		968		5,528		7,748
Equipment(b)	—		1,427		3,067		4,494
Legal and professional	220		527		5,927		6,674
Loan and foreclosure costs	260		1,172		1,273		2,705
FDIC assessment	—		—		9,708		9,708
Other intangible amortization	—		—		2,203		2,203

Other noninterest expense	934		8,001		739		9,674
Allocated indirect expense (income)	22,112		52,884		(74,996)		—
Total noninterest expense	45,802		134,554		28,996		209,352
Net income (loss) before income taxes	84,362		113,080		(57,813)		139,629
Income tax expense (benefit)	15,968		23,747		(11,316)		28,399
Net income (loss)	$	68,394	$	89,333	$	(46,497)	$	111,230

Loans	$	17,617,892	$	12,531,178	$	458,535	$	30,607,605
Allocated goodwill	525,836		579,156		—		1,104,992
Total assets	18,431,586		13,403,906		12,158,236		43,993,729

(a) A portion of total depreciation expense of $0.1 million, $2.7 million, and $9.3 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 three months ended June 30, 2024
(in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services		Consolidated Corporation
Net segment interest income (expense)	$	245,797	$	63,207	$	(52,411)	$	256,593
Net intersegment interest (expense) income	(110,719)		146,814		(36,095)		—
Net interest income (expense)	135,078		210,021		(88,506)		256,593
Noninterest income	11,671		48,878		4,610		65,159
Total income (expense) before provision	146,749		258,899		(83,896)		321,752
Provision for credit losses	16,038		6,045		925		23,008
Total income (expense) after provision	130,711		252,854		(84,821)		298,745
Noninterest expense
Personnel	20,447		56,159		44,975		121,581
Technology(a)	586		11,717		14,858		27,161
Occupancy(a)	—		11		13,117		13,128
Business development and advertising	823		744		5,968		7,535
Equipment(a)	—		1,309		3,141		4,450
Legal and professional	289		208		3,932		4,429
Loan and foreclosure costs	113		1,121		559		1,793
FDIC assessment	—		—		7,131		7,131
Other intangible amortization	—		—		2,203		2,203

Other noninterest expense	841		5,710		(101)		6,450
Allocated indirect expense (income)	19,936		52,945		(72,881)		—
Total noninterest expense	43,035		129,924		22,902		195,861
Net income (loss) before income taxes	87,676		122,930		(107,722)		102,884
Income tax expense (benefit)	14,084		25,815		(52,589)		(12,689)
Net income (loss)	$	73,592	$	97,115	$	(55,133)	$	115,573

Loans	$	16,191,823	$	12,874,874	$	551,574	29,618,271
Allocated goodwill	525,836		$	579,156	—		1,104,992
Total assets	16,817,587		13,736,691		11,069,628		41,623,908