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Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill
The following table summarizes changes in the carrying amount of goodwill:
At December 31,
(In thousands)20242023
Balance, beginning of period$2,631,465 $2,514,104 
Ametros acquisition (1)
236,603 — 
interLINK acquisition— 143,216 
Bend acquisition (2)
— (294)
Sterling merger (2)
— (25,561)
Balance, end of period$2,868,068 $2,631,465 
(1)Reflects the $228.2 million of goodwill recorded in connection with the Ametros acquisition in January 2024, and $8.4 million of other adjustments. The allocation of the purchase price and goodwill calculation for the Ametros acquisition was final as of December 31, 2024.
(2)The 2023 changes reflect adjustments recorded within the one-year measurement period, which were identified as a result of extended information gathering and new information that arose from integration activities. The allocation of the purchase price and goodwill calculations for both the Sterling merger and Bend acquisition were final as of March 31, 2023.
Information regarding goodwill by reportable segment can be found within Note 21: Segment Reporting.
Other Intangible Assets
The following table summarizes other intangible assets:
 At December 31,
20242023
(In thousands)Gross Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount		Gross Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Core deposits (1)
$328,837 $76,795 $252,042 $146,037 $53,986 $92,051 
Customer relationships (2)
122,063 47,186 74,877 151,000 43,116 107,884 
Non-competition agreement4,000 1,600 2,400 4,000 800 3,200 
Trade name (1)
6,100 1,118 4,982 — — — 
Other intangible assets$461,000 $126,699 $334,301 $301,037 $97,902 $203,135 
(1)The increase in the gross carrying amount is due to the Ametros acquisition in January 2024, which resulted in the identification and recognition of a $182.8 million core deposit intangible asset and a $6.1 million trade name.
(2)The decrease in the net carrying amount is primarily due to the write-off of the factored receivables customer relationship intangible asset, which had a net carrying amount of $19.7 million ($27.0 million gross carrying amount net of $7.3 million in accumulated amortization), in connection with the sale of the factored receivables portfolio in September 2024. The net carrying amount of the factored receivables customer relationship intangible asset was included in Commercial Banking for segment reporting purposes. Further, during the third quarter of 2024, the Company also recognized a $1.9 million impairment loss on its payroll finance customer relationship intangible asset resulting from higher customer attrition and a reduction in forecasted future cash flows. The fair value of the payroll finance customer relationship intangible asset at the revaluation date was estimated to be $28.0 million, which was determined using a discounted cash flow methodology that reflected the estimated future value of the future net earnings, with adjustments for attrition. The net carrying amount of the payroll finance customer relationship intangible asset is included in Commercial Banking for segment reporting purposes.
The remaining estimated aggregate future amortization expense for other intangible assets is as follows:
(In thousands)At December 31,
2024
2025$36,051 
202634,083 
202733,033 
202830,162 
202928,289 
Thereafter172,683