v3.26.1
Segment Information (Tables)
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Operating Information for Reportable Segments
The following is a summary of certain operating information for reportable segments:
(In thousands)
Community
Banking
Specialty
Finance
Wealth
Management
Total Operating SegmentsIntersegment EliminationsConsolidated
Three Months Ended June 30, 2026:
Interest income$816,613 $122,632 $8,874 $948,119 $13,293 $961,412 
Interest expense346,163 17,784 99 364,046 — 364,046 
Net interest income470,450 104,848 8,775 584,073 13,293 597,366 
Provision for credit losses21,369 1,765 — 23,134 — 23,134 
Non-interest income86,606 36,591 43,412 166,609 (25,340)141,269 
Non-interest expense:
Salaries100,759 17,891 10,819 129,469 406 129,875 
Commissions and incentive compensation37,327 11,454 13,682 62,463 — 62,463 
Benefits32,487 6,631 2,633 41,751 — 41,751 
Other segment expenses (1)
139,405 26,919 9,577 175,901 (12,453)163,448 
Total non-interest expense309,978 62,895 36,711 409,584 (12,047)397,537 
Income before taxes225,709 76,779 15,476 317,964 — 317,964 
Income tax expense64,278 16,316 3,677 84,271 — 84,271 
Net income$161,431 $60,463 $11,799 $233,693 $— $233,693 
Total assets at period end$59,218,299 $14,138,775 $1,311,061 $74,668,135 $— $74,668,135 
Three Months Ended June 30, 2025:
Interest income$800,316 $102,737 $4,964 $908,017 $12,891 $920,908 
Interest expense363,660 10,427 127 374,214 — 374,214 
Net interest income436,656 92,310 4,837 533,803 12,891 546,694 
Provision for credit losses20,478 1,756 — 22,234 — 22,234 
Non-interest income75,498 33,524 39,538 148,560 (24,471)124,089 
Non-interest expense:
Salaries96,902 15,638 10,103 122,643 531 123,174 
Commissions and incentive compensation33,325 9,976 12,570 55,871 — 55,871 
Benefits32,107 5,906 2,483 40,496 — 40,496 
Other segment expenses (1)
139,710 25,090 9,231 174,031 (12,111)161,920 
Total non-interest expense302,044 56,610 34,387 393,041 (11,580)381,461 
Income before taxes189,632 67,468 9,988 267,088 — 267,088 
Income tax expense 50,499 18,672 2,390 71,561 — 71,561 
Net income$139,133 $48,796 $7,598 $195,527 $— $195,527 
Total assets at period end$55,924,843 $12,062,568 $995,907 $68,983,318 $— $68,983,318 
(1)Other segment expenses include non-interest expense categories such as ‘Software & Equipment’, ‘Data processing’, ‘Advertising and Marketing’, ‘FDIC Insurance’, and ‘Occupancy’. See “Non-Interest Expense” under Management’s Discussion and Analysis of Financial Condition and Results of Operations in Item 2 of this Form 10-Q for further discussion on non-interest expense.
(In thousands)
Community
Banking
Specialty
Finance
Wealth
Management
Total Operating SegmentsIntersegment EliminationsConsolidated
Six Months Ended June 30, 2026:
Interest income$1,598,115 $247,208 $19,356 $1,864,679 $24,293 $1,888,972 
Interest expense677,067 35,277 238 712,582 — 712,582 
Net interest income921,048 211,931 19,118 1,152,097 24,293 1,176,390 
Provision for credit losses48,650 4,078 — 52,728 — 52,728 
Non-interest income164,488 72,324 86,687 323,499 (48,088)275,411 
Non-interest expense:
Salaries202,335 35,914 19,792 258,041 920 258,961 
Commissions and incentive compensation70,455 21,316 28,099 119,870 — 119,870 
Benefits64,730 13,271 5,704 83,705 — 83,705 
Other segment expenses (1)
272,012 51,601 18,735 342,348 (24,715)317,633 
Total non-interest expense609,532 122,102 72,330 803,964 (23,795)780,169 
Income before taxes427,354 158,075 33,475 618,904 — 618,904 
Income tax expense115,392 34,519 7,912 157,823 — 157,823 
Net income$311,962 $123,556 $25,563 $461,081 $— $461,081 
Six Months Ended June 30, 2025:
Interest income$1,569,284 $204,435 $10,495 $1,784,214 $23,659 $1,807,873 
Interest expense713,617 20,818 270 734,705 — 734,705 
Net interest income855,667 183,617 10,225 1,049,509 23,659 1,073,168 
Provision for credit losses42,906 3,291 — 46,197 — 46,197 
Non-interest income148,991 64,563 73,328 286,882 (46,159)240,723 
Non-interest expense:
Salaries195,488 31,400 19,207 246,095 996 247,091 
Commissions and incentive compensation65,462 19,017 23,928 108,407 — 108,407 
Benefits59,481 10,624 5,464 75,569 — 75,569 
Other segment expenses (1)
272,200 48,535 19,245 339,980 (23,496)316,484 
Total non-interest expense592,631 109,576 67,844 770,051 (22,500)747,551 
Income before taxes369,121 135,313 15,709 520,143 — 520,143 
Income tax expense95,718 36,224 3,635 135,577 — 135,577 
Net income$273,403 $99,089 $12,074 $384,566 $— $384,566 
(1)Other segment expenses include non-interest expense categories such as ‘Software & Equipment’, ‘Data processing’, ‘Advertising and Marketing’, ‘FDIC Insurance’, and ‘Occupancy’. See “Non-Interest Expense” under Management’s Discussion and Analysis of Financial Condition and Results of Operations in Item 2 of this Form 10-Q for further discussion on non-interest expense.