v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
(In Thousands)
The Company has two reportable segments: Community Banks and Wealth Management. The Company’s reportable segments are determined by the Chief Executive Officer, who is the designated chief operating decision maker (“CODM”), based upon information provided about the Company’s products and services. The CODM evaluates the financial performance of the segments by evaluating net income as the primary measure of segment performance, as well as revenue streams, significant expenses and budget to actual results, and the CODM provides guidance in strategy and the allocation of resources.
In order to give the CODM a more precise indication of the income and expenses controlled by each segment, the results of operations for each segment reflect its own direct revenues and expenses. Indirect revenues and expenses, including but not limited to income from the Company’s investment portfolio, as well as certain costs associated with data processing and back office functions, primarily support the operations of the community banks and, therefore, are included in the results of the Community Banks segment. Included in “Other” are the operations of the holding company and other eliminations that are necessary for purposes of reconciling to the consolidated amounts. Accounting policies for each segment are the same as those described in Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
The following tables provide financial information for the Company’s operating segments as of and for the periods presented:
Community
Banks		Wealth
Management		Total SegmentsOtherConsolidated
Three months ended June 30, 2026
Total interest income$340,407 $13 $340,420 $20 $340,440 
Total interest expense107,550 — 107,550 10,136 117,686 
Net interest income (loss)$232,857 $13 $232,870 $(10,116)$222,754 
Provision for credit losses3,799 — 3,799 — 3,799 
Noninterest income38,543 10,321 48,864 2,326 51,190 
Salaries and employee benefits89,824 4,990 94,814 1,414 96,228 
Net occupancy and equipment17,684 247 17,931 87 18,018 
Other segment expenses(1)
45,150 1,670 46,820 435 47,255 
Income (loss) before income taxes$114,943 $3,427 $118,370 $(9,726)$108,644 
Income tax expense (benefit)23,705 356 24,061 (2,508)21,553 
Net income (loss)$91,238 $3,071 $94,309 $(7,218)$87,091 
Total assets$26,977,257 $9,467 $26,986,724 $18,275 $27,004,999 
Goodwill1,417,538 — 1,417,538 — 1,417,538 
Community
Banks		Wealth
Management		Total SegmentsOtherConsolidated
Three months ended June 30, 2025
Total interest income$343,875 $— $343,875 $23 $343,898 
Total interest expense116,242 — 116,242 8,797 125,039 
Net interest income (loss)$227,633 $— $227,633 $(8,774)$218,859 
Provision for credit losses81,322 — 81,322 — 81,322 
Noninterest income (loss)41,424 7,406 48,830 (496)48,334 
Salaries and employee benefits95,985 3,557 99,542 — 99,542 
Net occupancy and equipment17,112 214 17,326 33 17,359 
Other segment expenses(2)
65,276 1,123 66,399 (96)66,303 
Income (loss) before income taxes$9,362 $2,512 $11,874 $(9,207)$2,667 
Income tax expense (benefit)3,917 134 4,051 (2,402)1,649 
Net income (loss)$5,445 $2,378 $7,823 $(6,805)$1,018 
Total assets$26,598,942 $6,110 $26,605,052 $19,923 $26,624,975 
Goodwill1,419,782 — 1,419,782 — 1,419,782 
Community
Banks		Wealth
Management		Total SegmentsOtherConsolidated
Six months ended June 30, 2026
Total interest income$678,494 $27 $678,521 $39 $678,560 
Total interest expense214,985 — 214,985 17,262 232,247 
Net interest income (loss)$463,509 $27 $463,536 $(17,223)$446,313 
Provision for credit losses11,879 — 11,879 — 11,879 
Noninterest income (loss)77,646 20,054 97,700 3,762 101,462 
Salaries and employee benefits175,495 9,890 185,385 2,592 187,977 
Net occupancy and equipment35,378 497 35,875 174 36,049 
Other segment expenses(1)
87,898 3,779 91,677 1,126 92,803 
Income (loss) before income taxes$230,505 $5,915 $236,420 $(17,353)$219,067 
Income tax expense (benefit)47,734 470 48,204 (4,456)43,748 
Net income (loss)$182,771 $5,445 $188,216 $(12,897)$175,319 
Total assets$26,977,257 $9,467 $26,986,724 $18,275 $27,004,999 
Goodwill1,417,538 — 1,417,538 — 1,417,538 
Community
Banks		Wealth
Management		Total SegmentsOtherConsolidated
Six months ended June 30, 2025
Total interest income$564,182 $— $564,182 46 $564,228 
Total interest expense195,876 — 195,876 15,296 211,172 
Net interest income (loss)$368,306 $— $368,306 $(15,250)$353,056 
Provision for credit losses86,072 — 86,072 — 86,072 
Noninterest income (loss)70,785 14,881 85,666 (937)84,729 
Salaries and employee benefits164,139 7,360 171,499 — 171,499 
Net occupancy and equipment28,662 418 29,080 33 29,113 
Other segment expenses(2)
93,962 2,104 96,066 402 96,468 
Income (loss) before income taxes$66,256 $4,999 $71,255 $(16,622)$54,633 
Income tax expense (benefit)16,120 237 16,357 (4,260)12,097 
Net income (loss)$50,136 $4,762 $54,898 $(12,362)$42,536 
Total assets$26,598,942 $6,110 $26,605,052 $19,923 $26,624,975 
Goodwill1,419,782 — 1,419,782 — 1,419,782 
(1)    Other segment expenses for Community Banks include data processing, other real estate owned, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses. Other segment expenses for Wealth Management include data processing, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses.
(2)    Other segment expenses for Community Banks include data processing, other real estate owned, legal and professional fees, advertising and public relations, intangible amortization, communications, merger and conversion related expenses and other miscellaneous expenses. Other segment expenses for Wealth Management include data processing, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses.