v3.26.1
Goodwill and Other Acquisition-Related Intangible Assets
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Acquisition-Related Intangible Assets Goodwill and Other Acquisition-Related Intangible Assets
A summary of the Company’s goodwill assets by reporting unit is presented in the following table:
(In thousands)December 31, 2025Goodwill
Acquired
Impairment
Loss
Foreign Currency AdjustmentsMarch 31,
2026
Community banking$687,754 $— $— $— $687,754 
Specialty finance38,211 — — (302)37,909 
Wealth management71,995 — — — 71,995 
    Total$797,960 $— $— $(302)$797,658 

The Company assesses each reporting unit’s goodwill for impairment on at least an annual basis and considers potential indicators of impairment at each reporting date between annual goodwill impairment tests. At October 1, 2025, the Company utilized a qualitative approach for its annual goodwill impairment tests of the community banking, specialty finance and wealth management reporting units and determined that no impairment existed at that time.

At each reporting date between annual goodwill impairment tests, the Company considers potential indicators of impairment. The Company assessed whether events and circumstances resulted in it being more likely than not that the fair value of any reporting unit was less than its carrying value. Potential impairment indicators considered include the condition of the economy and banking industry; government intervention and regulatory updates; the impact of recent events to financial performance and cost factors of the reporting units; performance of the Company’s stock and other relevant events.

At the conclusion of this assessment of all reporting units, the Company determined that as of March 31, 2026, it was more likely than not that the fair value of all reporting units exceeded the respective carrying value of such reporting unit.
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 March 31, 2026 is as follows:
(In thousands)March 31,
2026
December 31,
2025
March 31,
2025
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount$158,106 $158,106 $158,106 
Accumulated amortization(81,501)(76,861)(62,044)
    Net carrying amount$76,605 $81,245 $96,062 
Trademark with indefinite lives:
Carrying amount11,500 11,500 13,800 
Total net carrying amount$88,105 $92,745 $109,862 
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount$1,960 $1,961 $1,959 
Accumulated amortization(1,941)(1,932)(1,901)
    Net carrying amount$19 $29 $58 
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount$26,630 $26,630 $26,630 
Accumulated amortization(21,714)(21,405)(20,478)
    Net carrying amount$4,916 $5,225 $6,152 
Total acquisition-related intangible assets:
Gross carrying amount$198,196 $198,197 $200,495 
Accumulated amortization(105,156)(100,198)(84,423)
Total other acquisition-related intangible assets, net$93,040 $97,999 $116,072 
Estimated amortization
Actual in three months ended March 31, 2026$4,958 
Estimated remaining in 2026
13,861 
Estimated—2027
16,340 
Estimated—2028
13,908 
Estimated—2029
11,536 
Estimated—2030
9,461 

The core deposit intangibles recognized in connection with the Company’s bank acquisitions are amortized over a ten-year period on an accelerated basis. The customer list intangibles recognized in connection with the purchase of life insurance premium finance assets in 2009 are being amortized over an 18-year period on an accelerated basis. The customer list and other intangibles recognized in connection with prior acquisitions within the wealth management segment are being amortized over a period of up to ten years on a straight-line or accelerated basis. Indefinite-lived intangible assets consist of certain trade and domain names recognized in connection with prior acquisitions. As indefinite-lived intangible assets are not amortized, the Company assesses impairment on at least an annual basis. Total amortization expense associated with finite-lived acquisition-related intangibles totaled approximately $5.0 million and $5.6 million for the three months ended March 31, 2026 and 2025, respectively.