| Schedule of Segment Information |
The following tables disclose financial information by reportable segment for the periods presented ($ in thousands):
|
|
|
|
|
|
|
|
|
|
|
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|
Three Months Ended June 30, 2025 |
|
General Banking |
|
|
Wealth Management |
|
|
Consolidated |
|
Interest income |
|
$ |
234,301 |
|
|
$ |
3,127 |
|
|
$ |
237,428 |
|
Interest expense |
|
|
77,799 |
|
|
|
873 |
|
|
|
78,672 |
|
Funds transfer pricing, net |
|
|
253 |
|
|
|
(253 |
) |
|
|
— |
|
Net interest income |
|
|
156,755 |
|
|
|
2,001 |
|
|
|
158,756 |
|
PCL |
|
|
4,693 |
|
|
|
(17 |
) |
|
|
4,676 |
|
Net interest income after PCL |
|
|
152,062 |
|
|
|
2,018 |
|
|
|
154,080 |
|
Service charges on deposit accounts |
|
|
10,562 |
|
|
|
23 |
|
|
|
10,585 |
|
Bank card and other fees |
|
|
8,716 |
|
|
|
38 |
|
|
|
8,754 |
|
Mortgage banking, net |
|
|
8,602 |
|
|
|
— |
|
|
|
8,602 |
|
Wealth management |
|
|
196 |
|
|
|
9,442 |
|
|
|
9,638 |
|
Other, net |
|
|
2,257 |
|
|
|
54 |
|
|
|
2,311 |
|
Internal allocations |
|
|
(93 |
) |
|
|
93 |
|
|
|
— |
|
Noninterest income (loss) |
|
|
30,240 |
|
|
|
9,650 |
|
|
|
39,890 |
|
Salaries and employee benefits |
|
|
62,831 |
|
|
|
5,467 |
|
|
|
68,298 |
|
Services and fees |
|
|
26,357 |
|
|
|
641 |
|
|
|
26,998 |
|
Other segment expenses (1) |
|
|
29,425 |
|
|
|
393 |
|
|
|
29,818 |
|
Internal allocations |
|
|
(1,486 |
) |
|
|
1,486 |
|
|
|
— |
|
Noninterest expense |
|
|
117,127 |
|
|
|
7,987 |
|
|
|
125,114 |
|
Income from continuing operations before income taxes |
|
|
65,175 |
|
|
|
3,681 |
|
|
|
68,856 |
|
Income taxes from continuing operations |
|
|
12,100 |
|
|
|
915 |
|
|
|
13,015 |
|
Consolidated income from continuing operations |
|
$ |
53,075 |
|
|
$ |
2,766 |
|
|
$ |
55,841 |
|
|
|
|
|
|
|
|
|
|
|
Selected Financial Information |
|
|
|
|
|
|
|
|
|
Total assets from continuing operations |
|
$ |
18,417,303 |
|
|
$ |
198,356 |
|
|
$ |
18,615,659 |
|
Depreciation and amortization from continuing operations |
|
$ |
9,851 |
|
|
$ |
63 |
|
|
$ |
9,914 |
|
(1)Other segment expenses for the General Banking Segment include net occupancy-premises, equipment expense, FDIC assessment expense, other real estate expense, net, loan expense and other miscellaneous expense. Other segment expenses for the Wealth Management Segment include net occupancy-premises, equipment expense, FDIC assessment expense, loan expense and other miscellaneous expense.
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|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2024 |
|
General Banking |
|
|
Wealth Management |
|
|
Consolidated |
|
Interest income |
|
$ |
236,455 |
|
|
$ |
2,696 |
|
|
$ |
239,151 |
|
Interest expense |
|
|
97,485 |
|
|
|
637 |
|
|
|
98,122 |
|
Funds transfer pricing, net |
|
|
563 |
|
|
|
(563 |
) |
|
|
— |
|
Net interest income |
|
|
139,533 |
|
|
|
1,496 |
|
|
|
141,029 |
|
PCL |
|
|
19,732 |
|
|
|
(3 |
) |
|
|
19,729 |
|
Net interest income after PCL |
|
|
119,801 |
|
|
|
1,499 |
|
|
|
121,300 |
|
Service charges on deposit accounts |
|
|
10,903 |
|
|
|
21 |
|
|
|
10,924 |
|
Bank card and other fees |
|
|
9,186 |
|
|
|
39 |
|
|
|
9,225 |
|
Mortgage banking, net |
|
|
4,204 |
|
|
|
— |
|
|
|
4,204 |
|
Wealth management |
|
|
174 |
|
|
|
9,518 |
|
|
|
9,692 |
|
Other, net |
|
|
7,423 |
|
|
|
38 |
|
|
|
7,461 |
|
Securities gains (losses), net |
|
|
(182,792 |
) |
|
|
— |
|
|
|
(182,792 |
) |
Internal allocations |
|
|
(94 |
) |
|
|
94 |
|
|
|
— |
|
Noninterest income (loss) |
|
|
(150,996 |
) |
|
|
9,710 |
|
|
|
(141,286 |
) |
Salaries and employee benefits |
|
|
59,112 |
|
|
|
5,726 |
|
|
|
64,838 |
|
Services and fees |
|
|
24,072 |
|
|
|
671 |
|
|
|
24,743 |
|
Other segment expenses (1) |
|
|
28,296 |
|
|
|
449 |
|
|
|
28,745 |
|
Internal allocations |
|
|
(1,475 |
) |
|
|
1,475 |
|
|
|
— |
|
Noninterest expense |
|
|
110,005 |
|
|
|
8,321 |
|
|
|
118,326 |
|
Income from continuing operations before income taxes |
|
|
(141,200 |
) |
|
|
2,888 |
|
|
|
(138,312 |
) |
Income taxes from continuing operations |
|
|
(38,429 |
) |
|
|
722 |
|
|
|
(37,707 |
) |
Consolidated income from continuing operations |
|
$ |
(102,771 |
) |
|
$ |
2,166 |
|
|
$ |
(100,605 |
) |
|
|
|
|
|
|
|
|
|
|
Selected Financial Information |
|
|
|
|
|
|
|
|
|
Total assets from continuing operations |
|
$ |
18,272,094 |
|
|
$ |
180,393 |
|
|
$ |
18,452,487 |
|
Depreciation and amortization from continuing operations |
|
$ |
9,975 |
|
|
$ |
64 |
|
|
$ |
10,039 |
|
(1)Other segment expenses for the General Banking Segment include net occupancy-premises, equipment expense, FDIC assessment expense, other real estate expense, net, loan expense and other miscellaneous expense. Other segment expenses for the Wealth Management Segment include net occupancy-premises, equipment expense, FDIC assessment expense, loan expense and other miscellaneous expense.
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
General Banking |
|
|
Wealth Management |
|
|
Consolidated |
|
Interest income |
|
$ |
460,459 |
|
|
$ |
6,116 |
|
|
$ |
466,575 |
|
Interest expense |
|
|
154,096 |
|
|
|
1,668 |
|
|
|
155,764 |
|
Funds transfer pricing, net |
|
|
713 |
|
|
|
(713 |
) |
|
|
— |
|
Net interest income |
|
|
307,076 |
|
|
|
3,735 |
|
|
|
310,811 |
|
PCL |
|
|
9,990 |
|
|
|
(20 |
) |
|
|
9,970 |
|
Net interest income after PCL |
|
|
297,086 |
|
|
|
3,755 |
|
|
|
300,841 |
|
Service charges on deposit accounts |
|
|
21,177 |
|
|
|
44 |
|
|
|
21,221 |
|
Bank card and other fees |
|
|
16,341 |
|
|
|
77 |
|
|
|
16,418 |
|
Mortgage banking, net |
|
|
17,373 |
|
|
|
— |
|
|
|
17,373 |
|
Wealth management |
|
|
377 |
|
|
|
18,804 |
|
|
|
19,181 |
|
Other, net |
|
|
8,175 |
|
|
|
106 |
|
|
|
8,281 |
|
Internal allocations |
|
|
(189 |
) |
|
|
189 |
|
|
|
— |
|
Noninterest income (loss) |
|
|
63,254 |
|
|
|
19,220 |
|
|
|
82,474 |
|
Salaries and employee benefits |
|
|
125,702 |
|
|
|
11,088 |
|
|
|
136,790 |
|
Services and fees |
|
|
51,956 |
|
|
|
1,289 |
|
|
|
53,245 |
|
Other segment expenses (1) |
|
|
58,272 |
|
|
|
818 |
|
|
|
59,090 |
|
Internal allocations |
|
|
(2,968 |
) |
|
|
2,968 |
|
|
|
— |
|
Noninterest expense |
|
|
232,962 |
|
|
|
16,163 |
|
|
|
249,125 |
|
Income from continuing operations before income taxes |
|
|
127,378 |
|
|
|
6,812 |
|
|
|
134,190 |
|
Income taxes from continuing operations |
|
|
23,022 |
|
|
|
1,694 |
|
|
|
24,716 |
|
Consolidated income from continuing operations |
|
$ |
104,356 |
|
|
$ |
5,118 |
|
|
$ |
109,474 |
|
|
|
|
|
|
|
|
|
|
|
Selected Financial Information |
|
|
|
|
|
|
|
|
|
Total assets from continuing operations |
|
$ |
18,417,303 |
|
|
$ |
198,356 |
|
|
$ |
18,615,659 |
|
Depreciation and amortization from continuing operations |
|
$ |
18,360 |
|
|
$ |
125 |
|
|
$ |
18,485 |
|
(1)Other segment expenses for the General Banking Segment include net occupancy-premises, equipment expense, FDIC assessment expense, other real estate expense, net, loan expense and other miscellaneous expense. Other segment expenses for the Wealth Management Segment include net occupancy-premises, equipment expense, FDIC assessment expense, loan expense and other miscellaneous expense.
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2024 |
|
General Banking |
|
|
Wealth Management |
|
|
Consolidated |
|
Interest income |
|
$ |
464,026 |
|
|
$ |
4,965 |
|
|
$ |
468,991 |
|
Interest expense |
|
|
193,987 |
|
|
|
1,145 |
|
|
|
195,132 |
|
Funds transfer pricing, net |
|
|
1,008 |
|
|
|
(1,008 |
) |
|
|
— |
|
Net interest income |
|
|
271,047 |
|
|
|
2,812 |
|
|
|
273,859 |
|
PCL |
|
|
27,080 |
|
|
|
165 |
|
|
|
27,245 |
|
Net interest income after PCL |
|
|
243,967 |
|
|
|
2,647 |
|
|
|
246,614 |
|
Service charges on deposit accounts |
|
|
21,839 |
|
|
|
43 |
|
|
|
21,882 |
|
Bank card and other fees |
|
|
16,578 |
|
|
|
75 |
|
|
|
16,653 |
|
Mortgage banking, net |
|
|
13,119 |
|
|
|
— |
|
|
|
13,119 |
|
Wealth management |
|
|
363 |
|
|
|
18,281 |
|
|
|
18,644 |
|
Other, net |
|
|
10,483 |
|
|
|
80 |
|
|
|
10,563 |
|
Securities gains (losses), net |
|
|
(182,792 |
) |
|
|
— |
|
|
|
(182,792 |
) |
Internal allocations |
|
|
(188 |
) |
|
|
188 |
|
|
|
— |
|
Noninterest income (loss) |
|
|
(120,598 |
) |
|
|
18,667 |
|
|
|
(101,931 |
) |
Salaries and employee benefits |
|
|
119,215 |
|
|
|
11,110 |
|
|
|
130,325 |
|
Services and fees |
|
|
47,811 |
|
|
|
1,363 |
|
|
|
49,174 |
|
Other segment expenses (1) |
|
|
57,583 |
|
|
|
908 |
|
|
|
58,491 |
|
Internal allocations |
|
|
(2,931 |
) |
|
|
2,931 |
|
|
|
— |
|
Noninterest expense |
|
|
221,678 |
|
|
|
16,312 |
|
|
|
237,990 |
|
Income from continuing operations before income taxes |
|
|
(98,309 |
) |
|
|
5,002 |
|
|
|
(93,307 |
) |
Income taxes from continuing operations |
|
|
(32,120 |
) |
|
|
1,245 |
|
|
|
(30,875 |
) |
Consolidated income from continuing operations |
|
$ |
(66,189 |
) |
|
$ |
3,757 |
|
|
$ |
(62,432 |
) |
|
|
|
|
|
|
|
|
|
|
Selected Financial Information |
|
|
|
|
|
|
|
|
|
Total assets from continuing operations |
|
$ |
18,272,094 |
|
|
$ |
180,393 |
|
|
$ |
18,452,487 |
|
Depreciation and amortization from continuing operations |
|
$ |
18,342 |
|
|
$ |
126 |
|
|
$ |
18,468 |
|
(1)Other segment expenses for the General Banking Segment include net occupancy-premises, equipment expense, FDIC assessment expense, other real estate expense, net, loan expense and other miscellaneous expense. Other segment expenses for the Wealth Management Segment include net occupancy-premises, equipment expense, FDIC assessment expense, loan expense and other miscellaneous expense.
|