SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Company’s Reportable Operating Segment Results

The following table provides a summary of the Company’s reportable operating segment results as of or for the years ended December 31, 2025, 2024 and 2023.


(In thousands)	Community and Commercial Banking		Other		Consolidated
December 31, 2025
Net interest income	$	717,433	$	1,770	$	719,203
Noninterest income (loss)	(655,833)		39,863		(615,970)
Total net revenue	61,600		41,633		103,233
Noninterest expense:
Salaries and employee benefits	279,232		18,627		297,859
Occupancy expense, net	46,307		1,930		48,237
Furniture and equipment expense	21,518		—		21,518
Deposit insurance	20,219		—		20,219
Other operating expenses(1)	169,633		7,597		177,230
Total noninterest expense	536,909		28,154		565,063
Income (loss) before provision for credit losses and income taxes	(475,309)		13,479		(461,830)
Provision for credit losses	65,824		—		65,824
Income tax expense	(130,121)		20		(130,101)
Net income (loss)	$	(411,012)	$	13,459	$	(397,553)

Assets as of December 31, 2025	$	24,536,042	$	4,835	$	24,540,877

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


(In thousands)	Community and Commercial Banking		Other		Consolidated
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

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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 Computation of Per Share Earnings

The computation of per share earnings is as follows:


(In thousands, except per share data)	2025		2024		2023
Net income (loss) available to common stockholders	$	(397,553)	$	152,693	$	175,057

Average common shares outstanding	134,250		125,489		126,338
Average potential dilutive common shares	481		627		438
Average diluted common shares	134,731		126,116		126,776

Basic earnings per share	$	(2.96)	$	1.22	$	1.39
Diluted earnings per share	$	(2.95)	$	1.21	$	1.38