| Segment Reporting |
Note 21 — Segment Reporting The table below provides net income and net interest margin information about the General Banking Unit. The most significant expenses to the General Banking Unit are deposit and other borrowing interest expense as well as employee compensation. For a description of the Company’s reportable segments and related framework, refer to Note 29 to the Consolidated Financial Statements in the Company’s 2025 Form 10-K. | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | (Dollars in thousands) | | 2026 | | 2025 | | 2026 | | 2025 | Net Income (GAAP) | | | | | | | | | | | | | Interest income | | $ | 838,259 | | $ | 840,504 | | $ | 1,655,088 | | $ | 1,649,070 | Interest expense | | | 262,310 | | | 262,556 | | | 517,534 | | | 526,575 | Net interest income (a) | | | 575,949 | | | 577,948 | | | 1,137,554 | | | 1,122,495 | Provision for credit losses | | | 15,919 | | | 7,505 | | | 26,727 | | | 108,067 | Net interest income after provision for credit losses | | | 560,030 | | | 570,443 | | | 1,110,827 | | | 1,014,428 | Total noninterest income | | | | | | | | | | | | | Securities (losses) gain, net | | | — | | | — | | | — | | | (228,811) | Gain on sale-leaseback, net of transaction costs | | | — | | | — | | | — | | | 229,279 | Other operating noninterest income | | | 96,726 | | | 86,817 | | | 196,824 | | | 172,437 | Total noninterest income | | | 96,726 | | | 86,817 | | | 196,824 | | | 172,905 | Total noninterest expense | | | | | | | | | | | | | Employee salaries | | | 144,142 | | | 135,895 | | | 286,612 | | | 271,623 | Employee commissions | | | 19,221 | | | 14,278 | | | 35,333 | | | 25,554 | Employee incentives | | | 34,119 | | | 33,623 | | | 63,776 | | | 62,389 | Other salaries and benefits | | | 35,872 | | | 36,353 | | | 73,442 | | | 73,318 | Deferred loan costs | | | (27,977) | | | (19,987) | | | (48,133) | | | (36,911) | Salaries and employee benefits | | | 205,377 | | | 200,162 | | | 411,030 | | | 395,973 | Occupancy expense | | | 43,878 | | | 41,507 | | | 86,180 | | | 77,000 | Information services expense | | | 29,136 | | | 30,155 | | | 58,840 | | | 61,517 | Professional fees | | | 5,090 | | | 4,658 | | | 10,329 | | | 9,367 | Amortization of intangibles | | | 21,041 | | | 24,048 | | | 42,345 | | | 47,879 | Business development and staff related | | | 10,639 | | | 7,182 | | | 22,001 | | | 13,692 | FDIC assessment and other regulatory charges | | | 10,753 | | | 11,469 | | | 21,010 | | | 22,727 | Merger and branch consolidation related expense | | | — | | | 24,379 | | | — | | | 92,385 | Other operating expense | | | 31,835 | | | 31,501 | | | 65,538 | | | 63,347 | Total noninterest expense | | | 357,749 | | | 375,061 | | | 717,273 | | | 783,887 | Income before income tax provision | | | 299,007 | | | 282,199 | | | 590,378 | | | 403,446 | Income tax provision | | | 68,985 | | | 66,975 | | | 134,536 | | | 99,142 | Net income (GAAP) | | $ | 230,022 | | $ | 215,224 | | $ | 455,842 | | $ | 304,304 | | | | | | | | | | | | | | Net Interest Margin, Non-Tax Equivalent ("Non-TE") (GAAP) | | | | | | | | | | | | | Average interest earning assets (b) | | $ | 61,133,759 | | $ | 57,710,001 | | $ | 60,670,045 | | $ | 57,604,313 | Net interest margin, non-TE ((a)/(b)) (GAAP) | | | 3.78% | | | 4.02% | | | 3.78% | | | 3.93% |
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