Goodwill and Other Acquisition-Related Intangible Assets (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of Goodwill Assets by Business Segment |
A summary of the Company’s goodwill assets by reporting unit is presented in the following table: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | December 31, 2024 | | Goodwill
Acquired | | Impairment
Loss | | Goodwill Adjustments | | June 30,
2025 | | Community banking | $ | 687,754 | | | $ | — | | | $ | — | | | $ | — | | | $ | 687,754 | | | Specialty finance | 37,193 | | | — | | | — | | | 1,202 | | | 38,395 | | | Wealth management | 71,995 | | | — | | | — | | | — | | | 71,995 | | | Total | $ | 796,942 | | | $ | — | | | $ | — | | | $ | 1,202 | | | $ | 798,144 | |
|
| Schedule of Indefinite-Lived Intangible Assets |
A summary of acquisition-related intangible assets as of the dates shown and the expected amortization of finite-lived acquisition-related intangible assets as of June 30, 2025 is as follows: | | | | | | | | | | | | | | | | | | | (In thousands) | June 30,
2025 | | December 31,
2024 | | June 30,
2024 | | Community banking segment: | | | | | | | Core deposit intangibles with finite lives: | | | | | | | Gross carrying amount | $ | 158,106 | | | $ | 158,106 | | | $ | 55,206 | | | Accumulated amortization | (67,301) | | | (56,784) | | | (47,666) | | | Net carrying amount | $ | 90,805 | | | $ | 101,322 | | | $ | 7,540 | | | Trademark with indefinite lives: | | | | | | | Carrying amount | 13,800 | | | 13,800 | | | 5,800 | | | Total net carrying amount | $ | 104,605 | | | $ | 115,122 | | | $ | 13,340 | | | Specialty finance segment: | | | | | | | Customer list intangibles with finite lives: | | | | | | | Gross carrying amount | $ | 1,962 | | | $ | 1,959 | | | $ | 1,961 | | | Accumulated amortization | (1,915) | | | (1,881) | | | (1,861) | | | Net carrying amount | $ | 47 | | | $ | 78 | | | $ | 100 | | | Wealth management segment: | | | | | | | Customer list and other intangibles with finite lives: | | | | | | | Gross carrying amount | $ | 26,630 | | | $ | 26,630 | | | $ | 26,630 | | | Accumulated amortization | (20,787) | | | (20,140) | | | (19,463) | | | Net carrying amount | $ | 5,843 | | | $ | 6,490 | | | $ | 7,167 | | | Total acquisition-related intangible assets: | | | | | | | Gross carrying amount | $ | 200,498 | | | $ | 200,495 | | | $ | 89,597 | | | Accumulated amortization | (90,003) | | | (78,805) | | | (68,990) | | | Total other acquisition-related intangible assets, net | $ | 110,495 | | | $ | 121,690 | | | $ | 20,607 | |
|
| Summary of Finite-Lived Intangible Assets |
A summary of acquisition-related intangible assets as of the dates shown and the expected amortization of finite-lived acquisition-related intangible assets as of June 30, 2025 is as follows: | | | | | | | | | | | | | | | | | | | (In thousands) | June 30,
2025 | | December 31,
2024 | | June 30,
2024 | | Community banking segment: | | | | | | | Core deposit intangibles with finite lives: | | | | | | | Gross carrying amount | $ | 158,106 | | | $ | 158,106 | | | $ | 55,206 | | | Accumulated amortization | (67,301) | | | (56,784) | | | (47,666) | | | Net carrying amount | $ | 90,805 | | | $ | 101,322 | | | $ | 7,540 | | | Trademark with indefinite lives: | | | | | | | Carrying amount | 13,800 | | | 13,800 | | | 5,800 | | | Total net carrying amount | $ | 104,605 | | | $ | 115,122 | | | $ | 13,340 | | | Specialty finance segment: | | | | | | | Customer list intangibles with finite lives: | | | | | | | Gross carrying amount | $ | 1,962 | | | $ | 1,959 | | | $ | 1,961 | | | Accumulated amortization | (1,915) | | | (1,881) | | | (1,861) | | | Net carrying amount | $ | 47 | | | $ | 78 | | | $ | 100 | | | Wealth management segment: | | | | | | | Customer list and other intangibles with finite lives: | | | | | | | Gross carrying amount | $ | 26,630 | | | $ | 26,630 | | | $ | 26,630 | | | Accumulated amortization | (20,787) | | | (20,140) | | | (19,463) | | | Net carrying amount | $ | 5,843 | | | $ | 6,490 | | | $ | 7,167 | | | Total acquisition-related intangible assets: | | | | | | | Gross carrying amount | $ | 200,498 | | | $ | 200,495 | | | $ | 89,597 | | | Accumulated amortization | (90,003) | | | (78,805) | | | (68,990) | | | Total other acquisition-related intangible assets, net | $ | 110,495 | | | $ | 121,690 | | | $ | 20,607 | |
|
| Schedule of Estimated Amortization |
| | | | | | | Estimated amortization | | | Actual in six months ended June 30, 2025 | $ | 11,198 | | Estimated remaining in 2025 | 10,203 | | Estimated—2026 | 18,830 | | Estimated—2027 | 16,333 | | Estimated—2028 | 13,908 | | Estimated—2029 | 11,536 | |
|