v3.26.1
Reportable Operating Segments (Tables)
6 Months Ended
Jun. 30, 2026
Reportable Operating Segments  
Schedule of selected business segment and Corporate/Other financial information

Three Months Ended

Six Months Ended

June 30, 2026

June 30, 2026

Retail

Commercial

Corporate/

Consolidated

Retail

Commercial

Corporate/

Consolidated

(dollars in thousands)

  ​

Banking

  ​

Banking

  ​

Other

  ​

Total

  ​

Banking

  ​

Banking

  ​

Other

  ​

Total

Interest income

$

84,849

$

106,085

$

41,433

$

232,367

$

168,862

$

208,511

$

84,692

$

462,065

Intersegment interest allocations (1)

(62,800)

(74,868)

137,668

(125,401)

(147,026)

272,427

Total interest income

22,049

31,217

179,101

232,367

43,461

61,485

357,119

462,065

Interest expense

(44,032)

(14,402)

(2,940)

(61,374)

(88,239)

(29,421)

(5,882)

(123,542)

Intersegment interest allocations (1)

154,780

28,287

(183,067)

307,695

57,005

(364,700)

Total interest expense

110,748

13,885

(186,007)

(61,374)

219,456

27,584

(370,582)

(123,542)

Net interest income (expense)

132,797

45,102

(6,906)

170,993

262,917

89,069

(13,463)

338,523

Provision for credit losses

(1,236)

(1,639)

(2,725)

(5,600)

(3,706)

(4,919)

(1,975)

(10,600)

Net interest income (expense) after provision for credit losses

131,561

43,463

(9,631)

165,393

259,211

84,150

(15,438)

327,923

Noninterest income

29,111

21,453

9,717

60,281

57,250

40,057

15,793

113,100

Salaries and employee benefits

(26,261)

(4,894)

(31,221)

(62,376)

(52,783)

(9,905)

(63,778)

(126,466)

Contracted services and professional fees

(2,858)

(4,162)

(11,382)

(18,402)

(5,529)

(8,181)

(18,656)

(32,366)

Occupancy

(8,268)

(523)

889

(7,902)

(16,250)

(1,009)

1,541

(15,718)

Equipment

(1,407)

(498)

(12,658)

(14,563)

(2,852)

(974)

(25,518)

(29,344)

Card rewards program

(8,403)

(8,403)

(16,807)

(16,807)

Other segment items (2)

(32,615)

(655)

14,471

(18,799)

(70,565)

(2,536)

35,472

(37,629)

Noninterest expense

(71,409)

(19,135)

(39,901)

(130,445)

(147,979)

(39,412)

(70,939)

(258,330)

Income (loss) before (provision) benefit for income taxes

89,263

45,781

(39,815)

95,229

168,482

84,795

(70,584)

182,693

(Provision) benefit for income taxes

(21,021)

(8,957)

8,124

(21,854)

(40,165)

(16,590)

15,221

(41,534)

Net income (loss)

$

68,242

$

36,824

$

(31,691)

$

73,375

$

128,317

$

68,205

$

(55,363)

$

141,159

Other Segment Disclosures:

Depreciation and amortization (3)

$

1,509

$

38

$

3,850

$

5,397

$

3,039

$

84

$

7,899

$

11,022

Segment earning assets(4)

7,123,319

7,457,073

6,274,112

20,854,504

7,123,319

7,457,073

6,274,112

20,854,504

Three Months Ended

Six Months Ended

June 30, 2025

June 30, 2025

Retail

Commercial

Corporate/

Consolidated

Retail

Commercial

Corporate/

Consolidated

(dollars in thousands)

  ​

Banking

  ​

Banking

  ​

Other

  ​

Total

  ​

Banking

  ​

Banking

  ​

Other

  ​

Total

Interest income

$

81,298

$

111,751

$

43,690

$

236,739

$

162,350

$

222,381

$

87,158

$

471,889

Intersegment interest allocations (1)

(61,245)

(83,068)

144,313

(121,449)

(163,003)

284,452

Total interest income

20,053

28,683

188,003

236,739

40,901

59,378

371,610

471,889

Interest expense

(50,628)

(16,913)

(5,615)

(73,156)

(102,881)

(33,326)

(11,573)

(147,780)

Intersegment interest allocations (1)

157,622

30,858

(188,480)

315,483

62,514

(377,997)

Total interest expense

106,994

13,945

(194,095)

(73,156)

212,602

29,188

(389,570)

(147,780)

Net interest income (expense)

127,047

42,628

(6,092)

163,583

253,503

88,566

(17,960)

324,109

Provision for credit losses

(2,111)

(2,389)

(4,500)

(6,802)

(7,698)

(500)

(15,000)

Net interest income (expense) after provision for credit losses

124,936

40,239

(6,092)

159,083

246,701

80,868

(18,460)

309,109

Noninterest income

27,754

19,039

7,165

53,958

54,405

36,794

13,236

104,435

Salaries and employee benefits

(25,743)

(4,964)

(28,794)

(59,501)

(50,355)

(9,755)

(59,495)

(119,605)

Contracted services and professional fees

(2,919)

(4,338)

(8,740)

(15,997)

(5,972)

(8,208)

(16,656)

(30,836)

Occupancy

(7,414)

(478)

(42)

(7,934)

(14,709)

(973)

(352)

(16,034)

Equipment

(1,450)

(472)

(12,115)

(14,037)

(2,845)

(921)

(24,142)

(27,908)

Card rewards program

(8,406)

(8,406)

(16,325)

(16,325)

Other segment items (2)

(34,850)

(1,360)

17,146

(19,064)

(71,620)

(3,607)

37,436

(37,791)

Noninterest expense

(72,376)

(20,018)

(32,545)

(124,939)

(145,501)

(39,789)

(63,209)

(248,499)

Income (loss) before (provision) benefit for income taxes

80,314

39,260

(31,472)

88,102

155,605

77,873

(68,433)

165,045

(Provision) benefit for income taxes

(14,890)

(6,193)

6,228

(14,855)

(32,750)

(14,060)

14,260

(32,550)

Net income (loss)

$

65,424

$

33,067

$

(25,244)

$

73,247

$

122,855

$

63,813

$

(54,173)

$

132,495

Other Segment Disclosures:

Depreciation and amortization (3)

$

992

$

68

$

4,670

$

5,730

$

2,041

$

136

$

9,082

$

11,259

Segment earning assets(4)

7,081,942

7,278,709

6,676,290

21,036,941

7,081,942

7,278,709

6,676,290

21,036,941

(1)Intersegment interest allocations are the result of funds transfer-pricing methodologies that are utilized to allocate a cost for the funding of assets and a credit for the collection of deposits from Corporate/Other to the business segment assets and liabilities.
(2)Other segment items included in segment net income includes advertising and marketing, regulatory assessment and fees, allocations and transfer pricing on non-earning assets, liabilities and equity, and other miscellaneous and administrative fees. Amounts included in the Corporate/Other column are not related to the segments but include the effect of certain expense allocations or transfer pricing to the segments.
(3)The amounts of depreciation and amortization disclosed by the reportable segments and Corporate/Other are included within equipment, occupancy, other segment items, and noninterest income.
(4)Segment earning assets only apply to the Retail Banking and Commercial Banking segments. The Corporate/Other column includes earning assets not associated with a segment (such as investment securities, interest-bearing deposits and federal funds).