Goodwill and Other Intangibles (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Changes in Carrying Amount of Goodwill |
Changes in the carrying amount of goodwill for the periods ended June 30, 2026 and December 31, 2025 by reportable segment are as follows (in thousands):
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Commercial Banking |
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Institutional Banking |
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Personal Banking |
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Total |
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Balances as of January 1, 2026 |
|
$ |
1,042,577 |
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|
$ |
76,492 |
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|
$ |
720,756 |
|
|
$ |
1,839,825 |
|
Acquisition of HTLF |
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|
(1,339 |
) |
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|
— |
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|
|
(892 |
) |
|
|
(2,231 |
) |
Balances as of June 30, 2026 |
|
$ |
1,041,238 |
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|
$ |
76,492 |
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|
$ |
719,864 |
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|
$ |
1,837,594 |
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Balances as of January 1, 2025 |
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$ |
63,113 |
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|
$ |
76,492 |
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|
$ |
67,780 |
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|
$ |
207,385 |
|
Acquisition of HTLF |
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|
979,464 |
|
|
|
— |
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|
|
652,976 |
|
|
|
1,632,440 |
|
Balances as of December 31, 2025 |
|
$ |
1,042,577 |
|
|
$ |
76,492 |
|
|
$ |
720,756 |
|
|
$ |
1,839,825 |
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| Changes in Intangible Assets |
The following table lists the finite-lived intangible assets that continue to be subject to amortization as of June 30, 2026 and December 31, 2025 (in thousands):
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As of June 30, 2026 |
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Core Deposit Intangible Assets |
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Customer Relationships |
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Total |
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Gross carrying amount |
|
$ |
481,294 |
|
|
$ |
124,085 |
|
|
$ |
605,379 |
|
Accumulated amortization |
|
|
120,819 |
|
|
|
44,611 |
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|
165,430 |
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Net carrying amount |
|
$ |
360,475 |
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|
$ |
79,474 |
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|
$ |
439,949 |
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As of December 31, 2025 |
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|
Core Deposit Intangible Assets |
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|
Customer Relationships |
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Total |
|
Gross carrying amount |
|
$ |
481,294 |
|
|
$ |
124,085 |
|
|
$ |
605,379 |
|
Accumulated amortization |
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|
81,203 |
|
|
|
37,307 |
|
|
|
118,510 |
|
Net carrying amount |
|
$ |
400,091 |
|
|
$ |
86,778 |
|
|
$ |
486,869 |
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| Aggregate Amortization Expense Recognized |
The following table has the aggregate amortization expense recognized in each period (in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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|
2026 |
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2025 |
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|
2026 |
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|
2025 |
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Aggregate amortization expense |
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$ |
23,460 |
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|
$ |
25,268 |
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|
$ |
46,920 |
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|
$ |
42,750 |
|
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| Estimated Amortization Expense of Intangible Assets |
The following table discloses the estimated amortization expense of intangible assets in future periods (in thousands):
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For the six months ending December 31, 2026 |
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$ |
46,199 |
|
For the year ending December 31, 2027 |
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|
82,528 |
|
For the year ending December 31, 2028 |
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|
70,461 |
|
For the year ending December 31, 2029 |
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|
61,515 |
|
For the year ending December 31, 2030 |
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|
52,901 |
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