Schedule of Segment Reporting Information, by Segment |
The following table represents segment information for the three and six months ended June 30, 2025 and 2024 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Interest income on loans | $ | 282,110 | | | 223,201 | | | 555,141 | | | 371,280 | | Interest income on cash and debt securities | 34,198 | | | 24,610 | | | 66,513 | | | 40,390 | | Total interest income | 316,308 | | | 247,811 | | | 621,654 | | | 411,670 | | Total interest expense | 129,214 | | | 106,305 | | | 252,832 | | | 176,494 | | Net interest income | 187,094 | | | 141,506 | | | 368,822 | | | 235,176 | | | | | | | | | | Provision for credit losses | (2,888) | | | 69,705 | | | (2,250) | | | 69,385 | | Net interest income after provision | 189,982 | | | 71,801 | | | 371,072 | | | 165,791 | | | | | | | | | | Non-interest income: | | | | | | | | Wealth management income | 6,948 | | | 7,769 | | | 14,275 | | | 15,257 | | Insurance Agency Income | 4,942 | | | 4,488 | | | 10,593 | | | 9,281 | | Other non-interest income (1) | 15,185 | | | 10,018 | | | 29,237 | | | 18,543 | | Total non-interest income | 27,075 | | | 22,275 | | | 54,105 | | | 43,081 | | | | | | | | | | Non-interest expense: | | | | | | | | Compensation and employee benefits | 63,249 | | | 54,888 | | | 125,615 | | | 94,936 | | Net occupancy expense | 13,011 | | | 11,142 | | | 26,938 | | | 19,662 | | Data processing expense | 9,599 | | | 8,433 | | | 19,203 | | | 15,217 | | Other non-interest expense (2) | 28,755 | | | 40,931 | | | 59,125 | | | 57,406 | | Total non-interest expense | 114,614 | | | 115,394 | | | 230,881 | | | 187,221 | | | | | | | | | | Income tax expense | 30,462 | | | (9,833) | | | 58,287 | | | 1,055 | | | | | | | | | | Net income | $ | 71,981 | | | (11,485) | | | 136,009 | | | 20,596 | |
(1) Other non-interest income items include fees and commissions, BOLI and other miscellaneous income. (2) Other non-interest expense items include merger-related expenses in the prior year, amortization of intangibles and other miscellaneous expenses.
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