Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

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


	As of and for the three months ended March 31, 2026
(in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services		Consolidated Corporation
Net segment interest income	$	231,105	$	68,436	$	7,649	$	307,190
Net intersegment interest (expense) income	(102,712)		130,030		(27,318)		—
Net interest income (expense)	128,393		198,466		(19,669)		307,190
Noninterest income	13,891		55,943		6,023		75,857
Total income (expense) before provision	142,284		254,409		(13,646)		383,047
Provision for credit losses	20,660		6,934		(16,593)		11,001
Total income after provision	121,624		247,475		2,947		372,046
Noninterest expense
Personnel	23,550		64,953		46,669		135,172
Technology(a)	823		14,124		14,789		29,736
Occupancy(a)	217		8,351		5,157		13,725
Business development and advertising	969		688		6,170		7,827
Equipment(a)	6		2,075		3,529		5,610
Legal and professional	256		682		5,783		6,721
Loan and foreclosure costs	488		940		279		1,707
FDIC assessment	—		—		8,837		8,837
Other intangible amortization	—		—		2,203		2,203

Other noninterest expense (income)	722		7,681		(778)		7,625
Allocated indirect expense (income)	22,699		56,588		(79,287)		—
Total noninterest expense	49,730		156,082		13,351		219,163
Net income (loss) before income taxes	71,894		91,393		(10,404)		152,883
Income tax expense	13,259		19,192		797		33,248
Net income (loss)	$	58,635	$	72,201	$	(11,201)	$	119,635

Loans	$	18,806,881	$	12,609,186	$	382,097	$	31,798,164
Allocated goodwill	525,836		579,156		—		1,104,992
Total assets	19,571,725		13,687,627		12,334,388		45,593,740

(a) A portion of total depreciation expense of $0.1 million, $6.2 million, and $5.9 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 March 31, 2025
(in thousands)	Corporate and Commercial Specialty		Community, Consumer and Business		Risk Management and Shared Services		Consolidated Corporation
Net segment interest income (expense)	$	227,286	$	62,496	$	(3,841)	$	285,941
Net intersegment interest (expense) income	(96,221)		145,379		(49,158)		—
Net interest income (expense)	131,065		207,875		(52,999)		285,941
Noninterest income (expense)	12,903		49,078		(3,205)		58,776
Total income (expense) before provision	143,968		256,953		(56,204)		344,717
Provision for credit losses	19,014		6,072		(12,083)		13,003
Total income (expense) after provision	124,954		250,881		(44,121)		331,714
Noninterest expense
Personnel	21,327		59,872		42,698		123,897
Technology(a)	591		13,045		13,503		27,139
Occupancy(a)	146		8,434		6,801		15,381
Business development and advertising	934		837		4,615		6,386
Equipment(a)	6		2,030		2,491		4,527
Legal and professional	201		814		5,068		6,083
Loan and foreclosure costs	811		1,344		439		2,594
FDIC assessment	—		—		10,436		10,436
Other intangible amortization	—		—		2,203		2,203

Other noninterest expense	781		7,402		3,791		11,974
Allocated indirect expense (income)	31,339		60,706		(92,045)		—
Total noninterest expense	56,135		154,484		—		210,619
Net income (loss) before income taxes	68,819		96,397		(44,121)		121,095
Income tax expense (benefit)	12,786		20,244		(13,621)		19,409
Net income (loss)	$	56,033	$	76,153	$	(30,500)	$	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	17,678,473		12,886,713		12,743,950		43,309,136

(a) A portion of total depreciation expense of $0.1 million, $5.9 million, and $7.9 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.