Noninterest Income and Expense

6 Months Ended

Jun. 30, 2026

Noninterest Income and Expense

Noninterest Income and Expense

18. Noninterest Income and Expense

The following table shows the components of noninterest income and expense (in thousands).


		Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Noninterest income:
Net gains from sale of loans and other mortgage production income ⁽¹⁾		$	48,583		$	51,945		$	99,555		$	97,226
Mortgage loan origination fees			30,294			28,738			52,204			51,189
Principal transactions, commissions and fees:
Principal transactions ⁽¹⁾			33,084			22,800			67,055			52,508
Commissions			11,714			9,199			23,999			18,563
Money market and bank-insured fund fees			10,333			8,309			22,985			17,128
Other fees			9,066			7,548			16,692			14,970
			64,197			47,856			130,731			103,169
Investment banking, advisory and administrative fees:
Advisory services			25,336			26,949			45,143			48,308
Managed money			12,047			10,714			24,135			21,206
Underwriting			5,462			4,925			9,329			8,750
Other fees			1,355			1,142			2,513			2,094
			44,200			43,730			81,120			80,358
Other:
Merchant banking investments ⁽¹⁾			93			(1,018)			721			41,687
Service charges on depositor accounts			4,800			4,420			9,717			9,144
Trust fees			3,411			3,030			6,595			6,214
Other ⁽¹⁾			4,380			13,933			7,730			16,987
			12,684			20,365			24,763			74,032
		$	199,958		$	192,634		$	388,373		$	405,974
Noninterest expense:
Employees' compensation and benefits		$	179,896		$	176,410		$	348,858		$	352,650
Occupancy and equipment, net			19,427			21,064			39,256			40,846
Professional services			12,647			10,820			23,892			14,934
Other:
Software and information technology			19,482			17,678			36,450			35,020
Brokerage commissions and fees			10,332			9,164			19,276			18,213
Travel, meals and entertainment			3,968			3,047			7,270			6,334
Business development			2,578			3,176			6,194			7,759
Mortgage origination and servicing			2,679			2,488			5,358			4,755
Amortization of intangible assets			240			256			479			514
Other			15,487			17,073			28,006			31,624
			54,766			52,882			103,033			104,219
		$	266,736		$	261,176		$	515,039		$	512,649

(1)	Certain noninterest income components included within these line items are generally not in the scope of the accounting guidance for revenue from contracts with customers.

Certain activities involving the recognition of revenue primarily within the Company’s banking and broker-dealer segments are subject to the provisions of ASC 606. The policies that govern such revenue from contracts with customers are further described in Note 1 and Note 23 to the consolidated financial statements included in the Company’s 2025 Form 10-K.