Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

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


	As of and for the three months ended September 30, 2025
(in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services		Consolidated Corporation
Net segment interest income (expense)	$	246,829	$	68,027	$	(9,634)	$	305,222
Net intersegment interest (expense) income	(104,695)		136,142		(31,447)		—
Net interest income (expense)	142,134		204,169		(41,081)		305,222
Noninterest income	17,882		53,670		9,713		81,265
Total income (expense) before provision	160,016		257,839		(31,368)		386,487
Provision for credit losses	20,424		6,437		(10,861)		16,000
Total income (expense) after provision	139,592		251,402		(20,507)		370,487
Noninterest expense
Personnel	21,287		62,335		52,081		135,703
Technology(a)	903		13,179		14,508		28,590
Occupancy(a)	23		24		12,710		12,757
Business development and advertising	787		778		6,797		8,362
Equipment(a)	—		1,274		3,094		4,368
Legal and professional	337		563		4,332		5,232
Loan and foreclosure costs	111		979		548		1,638
FDIC assessment	—		—		9,980		9,980
Other intangible amortization	—		—		2,203		2,203

Other noninterest expense	882		7,769		(1,282)		7,369
Allocated indirect expense (income)	22,367		53,231		(75,598)		—
Total noninterest expense	46,697		140,132		29,373		216,202
Net income (loss) before income taxes	92,895		111,270		(49,880)		154,286
Income tax expense (benefit)	17,835		23,367		(11,648)		29,554
Net income (loss)	$	75,060	$	87,903	$	(38,231)	$	124,732

Loans	$	18,033,065	$	12,481,836	$	437,063	$	30,951,964
Allocated goodwill	525,836		579,156		—		1,104,992
Total assets	18,828,850		13,333,059		12,293,954		44,455,863

(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 September 30, 2024
(in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services		Consolidated Corporation
Net segment interest income (expense)	$	249,343	$	62,167	$	(49,001)	$	262,509
Net intersegment interest (expense) income	(110,149)		147,113		(36,964)		—
Net interest income (expense)	139,194		209,280		(85,964)		262,509
Noninterest income	12,214		50,811		4,196		67,221
Total income (expense) before provision	151,408		260,090		(81,768)		329,730
Provision for credit losses	16,565		5,639		(1,213)		20,991
Total income (expense) after provision	134,843		254,451		(80,555)		308,739
Noninterest expense
Personnel	18,595		60,098		42,343		121,036
Technology(a)	726		12,285		14,206		27,217
Occupancy(a)	—		10		13,526		13,536
Business development and advertising	614		725		5,344		6,683
Equipment(a)	—		1,570		3,083		4,653
Legal and professional	197		781		4,661		5,639
Loan and foreclosure costs	560		1,334		854		2,748
FDIC assessment	—		—		8,223		8,223
Other intangible amortization	—		—		2,203		2,203

Other noninterest expense	812		7,854		(7)		8,659
Allocated indirect expense (income)	20,540		54,370		(74,910)		—
Total noninterest expense	42,044		139,027		19,526		200,597
Net income (loss) before income taxes	92,799		115,424		(100,081)		108,142
Income tax expense (benefit)	17,255		24,239		(21,370)		20,124
Net income (loss)	$	75,544	$	91,185	$	(78,711)	$	88,018

Loans	$	16,482,369	$	12,985,873	$	522,655	29,990,897
Allocated goodwill	525,836		$	579,156	—		1,104,992
Total assets	17,317,618		13,832,358		11,060,839		42,210,815

(a) A portion of total depreciation expense of $0.1 million, $2.4 million, and $9.6 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 nine months ended September 30, 2025
(in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services(a)		Consolidated Corporation
Net segment interest income (expense)	$	717,093	$	199,393	$	(25,323)	$	891,163
Net intersegment interest (expense) income	(302,467)		405,462		(102,995)		—
Net interest income (expense)	414,626		604,855		(128,318)		891,163
Noninterest income	42,770		154,231		10,018		207,019
Total income (expense) before provision	457,396		759,086		(118,300)		1,098,182
Provision for credit losses	59,806		18,871		(31,678)		46,999
Total income (expense) after provision	397,590		740,215		(86,622)		1,051,183
Noninterest expense
Personnel	62,762		178,847		144,984		386,593
Technology(b)	2,336		39,126		40,775		82,237
Occupancy(b)	56		83		40,643		40,782
Business development and advertising	2,973		2,583		16,940		22,496
Equipment(b)	1		3,804		9,584		13,389
Legal and professional	759		1,898		15,332		17,989
Loan and foreclosure costs	1,182		3,495		2,260		6,937
FDIC assessment	—		—		30,124		30,124
Other intangible amortization	—		—		6,608		6,608

Other noninterest expense	2,597		23,260		3,160		29,017
Allocated indirect expense (income)	64,987		158,406		(223,393)		—
Total noninterest expense	137,653		411,502		87,018		636,173
Net income (loss) before income taxes	259,937		328,713		(173,640)		415,010
Income tax expense (benefit)	49,500		69,030		(41,168)		77,362
Net income (loss)	$	210,437	$	259,683	$	(132,472)	$	337,648

(a) An unusual item of a $7.0 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 $0.2 million, $8.0 million, and $29.8 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 nine months ended September 30, 2024
(in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services		Consolidated Corporation
Net segment interest income (expense)	$	734,869	$	186,768	$	(144,677)	$	776,960
Net intersegment interest (expense) income	(328,433)		437,914		(109,481)		—
Net interest income (expense)	406,436		624,682		(254,158)		776,960
Noninterest income	35,755		146,736		14,874		197,365
Total income (expense) before provision	442,191		771,418		(239,284)		974,325
Provision for credit losses	47,602		18,939		1,459		68,000
Total income (expense) after provision	394,589		752,479		(240,743)		906,325
Noninterest expense
Personnel	59,472		176,826		125,714		362,012
Technology(a)	1,914		35,351		43,314		80,579
Occupancy(a)	—		43		40,254		40,297
Business development and advertising	2,374		2,329		16,032		20,735
Equipment(a)	1		4,278		9,423		13,702
Legal and professional	620		1,391		12,729		14,740
Loan and foreclosure costs	919		4,106		1,494		6,519
FDIC assessment	—		—		29,300		29,300
Other intangible amortization	—		—		6,608		6,608

Other noninterest expense	2,416		19,951		(2,745)		19,622
Allocated indirect expense (income)	60,142		158,738		(218,880)		—
Total noninterest expense	127,859		403,013		63,245		594,115
Net income (loss) before income taxes	266,730		349,466		(303,988)		312,211
Income tax expense (benefit)	49,147		73,389		(95,085)		27,451
Net income (loss)	$	217,585	$	276,077	$	(208,902)	$	284,760

(a) A portion of total depreciation expense of $0.2 million, $9.7 million, and $39.1 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.