v3.26.1
Operating Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Operating Segments OPERATING SEGMENTS
Operating segments are components of an enterprise about which separate financial information is available that is regularly evaluated by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company is organized with community and commercial banking groups. Each of these groups provide one or more similar banking services, including such products and services as loans; time deposits, checking and savings accounts; treasury management; and credit cards. Loan products include consumer, real estate, commercial, agricultural, equipment, warehouse lending and SBA lending. The individual banking groups have similar operating and economic characteristics. While the CODM monitors the revenue streams of the various products, services, branch locations, divisions and groups, operations are managed, financial performance is evaluated, and management makes decisions on how to allocate resources, on a Company-wide basis. Accordingly, the respective groups are considered by management to be aggregated into one reportable operating segment.

The Company also considers its wealth group, which provides trust and investment services, as well as insurance services, to be operating segments. Information on these segments is not reported separately since they do not meet the quantitative thresholds under ASC Topic 280-10-50-12, and, as a result, are reported within “Other” in the following table.

The Company’s CODM is the chief executive officer. The CODM evaluates the performance of the Company’s reportable operating segments using net interest income and net income. The CODM analyzes on the spread between interest revenue and interest expense (net interest income) to assess performance and to allocate operating and capital resources. Therefore, interest revenue is presented net of interest expense. Additionally, the CODM reviews budgeted net income versus actual net income of the Company to allocate resources to meet the Company’s strategic objectives.
The following table provides a summary of the Company’s reportable operating segment results for the three and six months ended June 30, 2026 and 2025.

Three Months Ended
June 30, 2026June 30, 2025
(In thousands)Community and Commercial BankingOtherConsolidatedCommunity and Commercial BankingOtherConsolidated
Net interest income (loss)$200,180 $447 $200,627 $172,390 $(566)$171,824 
Noninterest income37,628 10,311 47,939 32,766 9,588 42,354 
Total net revenue237,808 10,758 248,566 205,156 9,022 214,178 
Noninterest expense:
Salaries and employee benefits70,637 4,953 75,590 69,176 4,686 73,862 
Occupancy expense, net14,269 446 14,715 11,361 483 11,844 
Furniture and equipment expense5,689 50 5,739 5,474 — 5,474 
Deposit insurance4,450 — 4,450 4,917 — 4,917 
Other operating expenses (1)
46,196 1,049 47,245 40,871 1,621 42,492 
Total noninterest expense141,241 6,498 147,739 131,799 6,790 138,589 
Income before provision for credit losses and income taxes96,567 4,260 100,827 73,357 2,232 75,589 
Provision for credit losses17,434 — 17,434 11,945 — 11,945 
Income tax expense16,702 — 16,702 8,866 5 8,871 
Net income$62,431 $4,260 $66,691 $52,546 $2,227 $54,773 
Six Months Ended
June 30, 2026June 30, 2025
(In thousands)Community and Commercial BankingOtherConsolidatedCommunity and Commercial BankingOtherConsolidated
Net interest income (loss)$396,862 $933 $397,795 $335,262 $(16)$335,246 
Noninterest income71,215 20,921 92,136 69,125 19,384 88,509 
Total net revenue468,077 21,854 489,931 404,387 19,368 423,755 
Noninterest expense:
Salaries and employee benefits141,606 9,869 151,475 139,200 9,486 148,686 
Occupancy expense, net26,025 908 26,933 23,535 960 24,495 
Furniture and equipment expense11,112 50 11,162 10,939 — 10,939 
Deposit insurance6,745 — 6,745 10,308 — 10,308 
Other operating expenses (1)
89,467 2,630 92,097 85,790 2,951 88,741 
Total noninterest expense274,955 13,457 288,412 269,772 13,397 283,169 
Income before provision for credit losses and income taxes193,122 8,397 201,519 134,615 5,971 140,586 
Provision for credit losses32,056 — 32,056 38,742 — 38,742 
Income tax expense34,224 4 34,228 14,668 15 14,683 
Net income$126,842 $8,393 $135,235 $81,205 $5,956 $87,161 
(In thousands)Community and Commercial BankingOtherConsolidated
Assets as of:
June 30, 2026$24,772,161 $4,655 $24,776,816 
June 30, 2025$26,686,838 $6,782 $26,693,620 
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(1)    Other operating expenses primarily include professional services, marketing, software and technology, amortization of intangibles and other general operating expenses.