v3.25.2
Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Disposal Groups, Including Discontinued Operations

The following table summarizes financial information related to FBBI which has been segregated from continuing operations and reported as discontinued operations for the periods presented ($ in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2024

 

 

June 30, 2024

 

Noninterest income:

 

 

 

 

 

 

Insurance commissions

 

$

12,264

 

 

$

27,728

 

Gain on sale of discontinued operations, net

 

 

228,272

 

 

 

228,272

 

Other, net

 

 

(3

)

 

 

527

 

Total noninterest income

 

 

240,533

 

 

 

256,527

 

Noninterest expense:

 

 

 

 

 

 

Salaries and employee benefits

 

 

6,292

 

 

 

16,263

 

Services and fees

 

 

296

 

 

 

704

 

Net occupancy - premises

 

 

43

 

 

 

269

 

Equipment expense

 

 

33

 

 

 

93

 

Other expense

 

 

1,229

 

 

 

2,046

 

Total noninterest expense

 

 

7,893

 

 

 

19,375

 

Income from discontinued operations before income taxes

 

 

232,640

 

 

 

237,152

 

Income taxes from discontinued operations

 

 

58,203

 

 

 

59,353

 

Income from discontinued operations

 

$

174,437

 

 

$

177,799