Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Segment Reporting Information, by Segment

The following table provides a summary of the Company’s reportable operating segment results as of or for the years ended December 31, 2024, 2023 and 2022.

(In thousands)	Community and Commercial Banking		Other		Consolidated
December 31, 2024
Net interest income	$	627,698	$	767	$	628,465
Noninterest income	109,701		37,470		147,171
Total net revenue	737,399		38,237		775,636
Noninterest expense:
Salaries and employee benefits	265,610		18,514		284,124
Occupancy expense, net	46,373		1,841		48,214
Furniture and equipment expense	22,045		2		22,047
Deposit insurance	23,938		—		23,938
Other operating expenses(1)	173,295		5,925		179,220
Total noninterest expense	531,261		26,282		557,543
Income before provision for credit losses and income taxes	206,138		11,955		218,093
Provision for credit losses	46,785		—		46,785
Income tax expense	18,530		85		18,615
Net income	$	140,823	$	11,870	$	152,693
Assets as of December 31, 2024	$	26,870,061	$	5,988	$	26,876,049
December 31, 2023
Net interest income	$	650,928	$	(802)	$	650,126
Noninterest income	120,567		34,999		155,566
Total net revenue	771,495		34,197		805,692
Noninterest expense:
Salaries and employee benefits	268,300		17,817		286,117
Occupancy expense, net	46,712		29		46,741
Furniture and equipment expense	20,740		1		20,741
Deposit insurance	29,986		—		29,986
Other operating expenses(1)	173,480		5,996		179,476
Total noninterest expense	539,218		23,843		563,061
Income before provision for credit losses and income taxes	232,277		10,354		242,631
Provision for credit losses	42,028		—		42,028
Income tax expense	25,451		95		25,546
Net income	$	164,798	$	10,259	$	175,057
Assets as of December 31, 2023	$	27,338,690	$	6,984	$	27,345,674

(In thousands)	Community and Commercial Banking		Other		Consolidated
December 31, 2022
Net interest income	$	717,316	$	—	$	717,316
Noninterest income	136,820		33,246		170,066
Total net revenue	854,136		33,246		887,382
Noninterest expense:
Salaries and employee benefits	268,817		18,165		286,982
Occupancy expense, net	44,296		25		44,321
Furniture and equipment expense	20,642		23		20,665
Deposit insurance	11,608		—		11,608
Other operating expenses(1)	196,875		6,297		203,172
Total noninterest expense	542,238		24,510		566,748
Income before provision for credit losses and income taxes	311,898		8,736		320,634
Provision for credit losses	14,074		—		14,074
Income tax expense	50,065		83		50,148
Net income	$	247,759	$	8,653	$	256,412
Assets as of December 31, 2022	$	27,453,130	$	7,931	$	27,461,061

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(1)    Other operating expenses primarily include professional services, marketing, software and technology, amortization of intangibles and other general operating expenses.

Schedule of Earnings Per Share, Basic and Diluted

The computation of per share earnings is as follows: 

(In thousands, except per share data)	2024		2023		2022
Net income available to common stockholders	$	152,693	$	175,057	$	256,412
Average common shares outstanding	125,489		126,338		123,958
Average potential dilutive common shares	627		438		512
Average diluted common shares	126,116		126,776		124,470
Basic earnings per share	$	1.22	$	1.39	$	2.07
Diluted earnings per share	$	1.21	$	1.38	$	2.06