| Schedule of Business Segment Financial Results |
Business Segment financial results for the three and six months ended June 30, 2026 and June 30, 2025 were as follows (in thousands):
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Three Months Ended June 30, 2026 |
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Commercial Banking |
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Institutional Banking |
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|
Personal Banking |
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|
Total |
|
Net interest income |
|
$ |
362,575 |
|
|
$ |
79,048 |
|
|
$ |
90,902 |
|
|
$ |
532,525 |
|
Provision for credit losses |
|
|
24,733 |
|
|
|
627 |
|
|
|
2,640 |
|
|
|
28,000 |
|
Noninterest income |
|
|
51,939 |
|
|
|
129,191 |
|
|
|
64,375 |
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|
|
245,505 |
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|
|
|
|
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|
|
|
|
|
|
|
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Salaries and employee benefits |
|
|
53,977 |
|
|
|
53,327 |
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|
|
38,383 |
|
|
|
145,687 |
|
Processing fees |
|
|
4,328 |
|
|
|
10,579 |
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|
|
4,799 |
|
|
|
19,706 |
|
Bankcard |
|
|
2,833 |
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|
|
6,318 |
|
|
|
2,675 |
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|
|
11,826 |
|
Amortization of other intangible assets |
|
|
— |
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|
|
1,972 |
|
|
|
75 |
|
|
|
2,047 |
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Allocated technology, service, overhead |
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|
93,137 |
|
|
|
38,829 |
|
|
|
46,016 |
|
|
|
177,982 |
|
Other segment items* |
|
|
14,978 |
|
|
|
11,502 |
|
|
|
15,905 |
|
|
|
42,385 |
|
Noninterest expense |
|
|
169,253 |
|
|
|
122,527 |
|
|
|
107,853 |
|
|
|
399,633 |
|
Income before taxes |
|
|
220,528 |
|
|
|
85,085 |
|
|
|
44,784 |
|
|
|
350,397 |
|
Income tax expense |
|
|
45,835 |
|
|
|
17,684 |
|
|
|
9,308 |
|
|
|
72,827 |
|
Net income |
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$ |
174,693 |
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|
$ |
67,401 |
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|
$ |
35,476 |
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|
$ |
277,570 |
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Average assets |
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$ |
35,374,000 |
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|
$ |
21,070,000 |
|
|
$ |
13,963,000 |
|
|
$ |
70,407,000 |
|
*Other segment items include occupancy, equipment, supplies and services, marketing and business development costs, legal and consulting, and regulatory fees.
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Three Months Ended June 30, 2025 |
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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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Net interest income |
|
$ |
322,619 |
|
|
$ |
66,331 |
|
|
$ |
78,074 |
|
|
$ |
467,024 |
|
Provision for credit losses |
|
|
18,334 |
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|
|
430 |
|
|
|
2,236 |
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|
|
21,000 |
|
Noninterest income |
|
|
43,219 |
|
|
|
107,998 |
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|
|
70,968 |
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|
|
222,185 |
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|
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|
|
|
|
|
|
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Salaries and employee benefits |
|
|
53,685 |
|
|
|
47,278 |
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|
|
39,450 |
|
|
|
140,413 |
|
Processing fees |
|
|
3,770 |
|
|
|
9,778 |
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|
|
4,948 |
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|
|
18,496 |
|
Bankcard |
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|
3,620 |
|
|
|
5,424 |
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|
|
3,331 |
|
|
|
12,375 |
|
Amortization of other intangible assets |
|
|
— |
|
|
|
1,776 |
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|
|
103 |
|
|
|
1,879 |
|
Allocated technology, service, overhead |
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|
95,114 |
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|
|
31,921 |
|
|
|
50,037 |
|
|
|
177,072 |
|
Other segment items* |
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|
14,459 |
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|
|
8,960 |
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|
|
19,514 |
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|
|
42,933 |
|
Noninterest expense |
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|
170,648 |
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|
|
105,137 |
|
|
|
117,383 |
|
|
|
393,168 |
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Income before taxes |
|
|
176,856 |
|
|
|
68,762 |
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|
|
29,423 |
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|
|
275,041 |
|
Income tax expense |
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|
37,068 |
|
|
|
14,412 |
|
|
|
6,167 |
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|
|
57,647 |
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Net income |
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$ |
139,788 |
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|
$ |
54,350 |
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$ |
23,256 |
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$ |
217,394 |
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Average assets |
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$ |
33,917,000 |
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|
$ |
18,978,000 |
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|
$ |
13,977,000 |
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$ |
66,872,000 |
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Six Months Ended June 30, 2026 |
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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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Net interest income |
|
$ |
727,917 |
|
|
$ |
156,336 |
|
|
$ |
182,638 |
|
|
$ |
1,066,891 |
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Provision for credit losses |
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|
48,510 |
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|
|
1,125 |
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|
|
5,365 |
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|
|
55,000 |
|
Noninterest income |
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|
98,228 |
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|
|
251,020 |
|
|
|
101,050 |
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|
|
450,298 |
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Salaries and employee benefits |
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|
110,403 |
|
|
|
103,965 |
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|
|
78,307 |
|
|
|
292,675 |
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Processing fees |
|
|
8,355 |
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|
|
21,249 |
|
|
|
9,181 |
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|
|
38,785 |
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Bankcard |
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|
5,682 |
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|
12,830 |
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|
|
5,185 |
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|
23,697 |
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Amortization of other intangible assets |
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|
— |
|
|
|
3,945 |
|
|
|
150 |
|
|
|
4,095 |
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Allocated technology, service, overhead |
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|
178,773 |
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|
|
72,705 |
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|
|
90,420 |
|
|
|
341,898 |
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Other segment items* |
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|
31,492 |
|
|
|
20,764 |
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|
|
27,110 |
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|
|
79,366 |
|
Noninterest expense |
|
|
334,705 |
|
|
|
235,458 |
|
|
|
210,353 |
|
|
|
780,516 |
|
Income before taxes |
|
|
442,930 |
|
|
|
170,773 |
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|
|
67,970 |
|
|
|
681,673 |
|
Income tax expense |
|
|
92,699 |
|
|
|
35,741 |
|
|
|
14,225 |
|
|
|
142,665 |
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Net income |
|
$ |
350,231 |
|
|
$ |
135,032 |
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|
$ |
53,745 |
|
|
$ |
539,008 |
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Average assets |
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$ |
35,133,000 |
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|
$ |
21,266,000 |
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|
$ |
14,017,000 |
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|
$ |
70,416,000 |
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|
Six Months Ended June 30, 2025 |
|
|
|
Commercial Banking |
|
|
Institutional Banking |
|
|
Personal Banking |
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|
Total |
|
Net interest income |
|
$ |
596,536 |
|
|
$ |
127,489 |
|
|
$ |
140,638 |
|
|
$ |
864,663 |
|
Provision for credit losses |
|
|
85,085 |
|
|
|
865 |
|
|
|
21,050 |
|
|
|
107,000 |
|
Noninterest income |
|
|
80,438 |
|
|
|
211,792 |
|
|
|
96,153 |
|
|
|
388,383 |
|
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|
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|
|
|
|
|
|
|
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Salaries and employee benefits |
|
|
107,271 |
|
|
|
94,464 |
|
|
|
75,448 |
|
|
|
277,183 |
|
Processing fees |
|
|
7,434 |
|
|
|
20,425 |
|
|
|
9,392 |
|
|
|
37,251 |
|
Bankcard |
|
|
6,793 |
|
|
|
11,461 |
|
|
|
6,917 |
|
|
|
25,171 |
|
Amortization of other intangible assets |
|
|
— |
|
|
|
3,562 |
|
|
|
206 |
|
|
|
3,768 |
|
Allocated technology, service, overhead |
|
|
196,240 |
|
|
|
64,165 |
|
|
|
102,501 |
|
|
|
362,906 |
|
Other segment items* |
|
|
25,922 |
|
|
|
18,325 |
|
|
|
27,429 |
|
|
|
71,676 |
|
Noninterest expense |
|
|
343,660 |
|
|
|
212,402 |
|
|
|
221,893 |
|
|
|
777,955 |
|
Income (loss) before taxes |
|
|
248,229 |
|
|
|
126,014 |
|
|
|
(6,152 |
) |
|
|
368,091 |
|
Income tax expense (benefit) |
|
|
46,777 |
|
|
|
23,746 |
|
|
|
(1,159 |
) |
|
|
69,364 |
|
Net income (loss) |
|
$ |
201,452 |
|
|
$ |
102,268 |
|
|
$ |
(4,993 |
) |
|
$ |
298,727 |
|
Average assets |
|
$ |
31,979,000 |
|
|
$ |
18,658,000 |
|
|
$ |
12,803,000 |
|
|
$ |
63,440,000 |
|
|