| Schedule of Segment Information |
The following tables disclose financial information by reportable segment for the periods presented ($ in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2026 |
|
General Banking |
|
|
Wealth Management |
|
|
Consolidated |
|
Interest income |
|
$ |
228,981 |
|
|
$ |
3,089 |
|
|
$ |
232,070 |
|
Interest expense |
|
|
70,083 |
|
|
|
1,428 |
|
|
|
71,511 |
|
Funds transfer pricing, net |
|
|
(1,259 |
) |
|
|
1,259 |
|
|
|
— |
|
Net interest income |
|
|
157,639 |
|
|
|
2,920 |
|
|
|
160,559 |
|
PCL |
|
|
2,513 |
|
|
|
227 |
|
|
|
2,740 |
|
Net interest income after PCL |
|
|
155,126 |
|
|
|
2,693 |
|
|
|
157,819 |
|
Service charges on deposit accounts |
|
|
10,585 |
|
|
|
69 |
|
|
|
10,654 |
|
Bank card and other fees |
|
|
7,957 |
|
|
|
31 |
|
|
|
7,988 |
|
Mortgage banking, net |
|
|
8,934 |
|
|
|
— |
|
|
|
8,934 |
|
Wealth management |
|
|
153 |
|
|
|
10,240 |
|
|
|
10,393 |
|
Other, net |
|
|
4,279 |
|
|
|
97 |
|
|
|
4,376 |
|
Internal allocations |
|
|
(96 |
) |
|
|
96 |
|
|
|
— |
|
Noninterest income |
|
|
31,812 |
|
|
|
10,533 |
|
|
|
42,345 |
|
Salaries and employee benefits |
|
|
68,096 |
|
|
|
6,146 |
|
|
|
74,242 |
|
Services and fees |
|
|
27,249 |
|
|
|
695 |
|
|
|
27,944 |
|
Other segment expenses (1) |
|
|
29,436 |
|
|
|
537 |
|
|
|
29,973 |
|
Internal allocations |
|
|
(1,881 |
) |
|
|
1,881 |
|
|
|
— |
|
Noninterest expense |
|
|
122,900 |
|
|
|
9,259 |
|
|
|
132,159 |
|
Income before income taxes |
|
|
64,038 |
|
|
|
3,967 |
|
|
|
68,005 |
|
Income taxes |
|
|
10,906 |
|
|
|
984 |
|
|
|
11,890 |
|
Consolidated net income |
|
$ |
53,132 |
|
|
$ |
2,983 |
|
|
$ |
56,115 |
|
|
|
|
|
|
|
|
|
|
|
Selected Financial Information |
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
18,774,135 |
|
|
$ |
213,189 |
|
|
$ |
18,987,324 |
|
Depreciation and amortization |
|
$ |
9,578 |
|
|
$ |
65 |
|
|
$ |
9,643 |
|
(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.
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2025 |
|
General Banking |
|
|
Wealth Management |
|
|
Consolidated |
|
Interest income |
|
$ |
226,158 |
|
|
$ |
2,989 |
|
|
$ |
229,147 |
|
Interest expense |
|
|
76,297 |
|
|
|
795 |
|
|
|
77,092 |
|
Funds transfer pricing, net |
|
|
460 |
|
|
|
(460 |
) |
|
|
— |
|
Net interest income |
|
|
150,321 |
|
|
|
1,734 |
|
|
|
152,055 |
|
PCL |
|
|
5,297 |
|
|
|
(3 |
) |
|
|
5,294 |
|
Net interest income after PCL |
|
|
145,024 |
|
|
|
1,737 |
|
|
|
146,761 |
|
Service charges on deposit accounts |
|
|
10,615 |
|
|
|
21 |
|
|
|
10,636 |
|
Bank card and other fees |
|
|
7,625 |
|
|
|
39 |
|
|
|
7,664 |
|
Mortgage banking, net |
|
|
8,771 |
|
|
|
— |
|
|
|
8,771 |
|
Wealth management |
|
|
181 |
|
|
|
9,362 |
|
|
|
9,543 |
|
Other, net |
|
|
5,918 |
|
|
|
52 |
|
|
|
5,970 |
|
Internal allocations |
|
|
(96 |
) |
|
|
96 |
|
|
|
— |
|
Noninterest income |
|
|
33,014 |
|
|
|
9,570 |
|
|
|
42,584 |
|
Salaries and employee benefits |
|
|
62,871 |
|
|
|
5,621 |
|
|
|
68,492 |
|
Services and fees |
|
|
25,599 |
|
|
|
648 |
|
|
|
26,247 |
|
Other segment expenses (1) |
|
|
28,847 |
|
|
|
425 |
|
|
|
29,272 |
|
Internal allocations |
|
|
(1,482 |
) |
|
|
1,482 |
|
|
|
— |
|
Noninterest expense |
|
|
115,835 |
|
|
|
8,176 |
|
|
|
124,011 |
|
Income before income taxes |
|
|
62,203 |
|
|
|
3,131 |
|
|
|
65,334 |
|
Income taxes |
|
|
10,922 |
|
|
|
779 |
|
|
|
11,701 |
|
Consolidated net income |
|
$ |
51,281 |
|
|
$ |
2,352 |
|
|
$ |
53,633 |
|
|
|
|
|
|
|
|
|
|
|
Selected Financial Information |
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
18,098,364 |
|
|
$ |
197,839 |
|
|
$ |
18,296,203 |
|
Depreciation and amortization |
|
$ |
8,509 |
|
|
$ |
62 |
|
|
$ |
8,571 |
|
(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.
|