Schedule of Segment Financial Information |
Selected business segment financial information for the three months ended March 31, 2025 and 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | Banking | | Wealth Management | | Corporate | | Total | Three Months Ended March 31, 2025 | | | | | | | | Interest income | $ | 99,355 | | | $ | — | | | $ | — | | | $ | 99,355 | | Interest expense | 38,730 | | | 17 | | | 2,318 | | | 41,065 | | Net interest income (expense) | 60,625 | | | (17) | | | (2,318) | | | 58,290 | | Provision for credit losses | 10,850 | | | — | | | — | | | 10,850 | | Wealth management revenue | — | | | 7,350 | | | — | | | 7,350 | | Other noninterest income | 11,350 | | | — | | | (937) | | | 10,413 | | Total noninterest income | 11,350 | | | 7,350 | | | (937) | | | 17,763 | | Salaries and employee benefits | 22,914 | | | 3,502 | | | — | | | 26,416 | | Depreciation expense | 1,228 | | | 10 | | | — | | | 1,238 | | Amortization of intangible assets | 644 | | | 267 | | | — | | | 911 | | Other noninterest expense | 173,513 | | | 1,716 | | | (789) | | | 174,440 | | Total noninterest expense | 198,299 | | | 5,495 | | | (789) | | | 203,005 | | Income (loss) before income taxes (benefit) | (137,174) | | | 1,838 | | | (2,466) | | | (137,802) | | Income taxes (benefit) | 3,107 | | | 760 | | | (695) | | | 3,172 | | Net income (loss) | $ | (140,281) | | | $ | 1,078 | | | $ | (1,771) | | | $ | (140,974) | | Total assets | $ | 7,290,894 | | | $ | 33,541 | | | $ | (39,631) | | | $ | 7,284,804 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2024 | | | | | | | | Interest income | $ | 105,518 | | | $ | — | | | $ | 8 | | | $ | 105,526 | | Interest expense | 43,451 | | | 8 | | | 2,296 | | | 45,755 | | Net interest income (expense) | 62,067 | | | (8) | | | (2,288) | | | 59,771 | | Provision for credit losses | 19,942 | | | — | | | — | | | 19,942 | | Wealth management revenue | — | | | 7,132 | | | — | | | 7,132 | | Other noninterest income | 31,145 | | | — | | | (436) | | | 30,709 | | Total noninterest income | 31,145 | | | 7,132 | | | (436) | | | 37,841 | | Salaries and employee benefits | 20,782 | | | 3,320 | | | — | | | 24,102 | | Depreciation expense | 1,217 | | | 14 | | | — | | | 1,231 | | Amortization of intangible assets | 801 | | | 288 | | | — | | | 1,089 | | Other noninterest expense | 21,039 | | | 1,790 | | | (643) | | | 22,186 | | Total noninterest expense | 43,839 | | | 5,412 | | | (643) | | | 48,608 | | Income (loss) before income taxes (benefit) | 29,431 | | | 1,712 | | | (2,081) | | | 29,062 | | Income taxes (benefit) | 6,505 | | | 690 | | | (796) | | | 6,399 | | Net income (loss) | $ | 22,926 | | | $ | 1,022 | | | $ | (1,285) | | | $ | 22,663 | | Total assets | $ | 7,742,227 | | | $ | 33,103 | | | $ | (11,622) | | | $ | 7,763,708 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1) Other noninterest expense for Banking includes occupancy and equipment, data processing, FDIC insurance, professional services, marketing, communications, loan expense and other miscellaneous expenses. Other noninterest expense for Wealth Management includes occupancy and equipment, data processing, professional services, marketing, communications and other miscellaneous expenses. Other noninterest expense for Corporate includes data processing, professional services, marketing and other miscellaneous expenses.
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