v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has one reportable segment: The Banking Segment. The Company's reportable segment is determined by the Chairman and Chief Executive Officer, who is the designated chief operating decision maker ("CODM"), based upon information provided about the Company's products and services offered, primarily banking operations. The segment is also defined by the level of detailed information provided to the CODM, who uses such information to review performance of various components of the business such as geographical regions and branches, which are then aggregated since these have similar operating and economic characteristics. Each of the branches and regions of the Bank provide a group of similar banking services, including such products and services as commercial, real estate and consumer loans, time deposits, checking and savings accounts.
The CODM will evaluate the financial performance of the Company's business components such as evaluating revenue streams, significant expenses and budget to actual results in order to assess the Company's segment and to determine the allocation of resources. The CODM uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The CODM uses consolidated net income in order to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessment performance and in establishing compensation. Loans, investments and deposits provide the revenues in the banking operation. Interest expense, provision for credit losses and payroll provide the significant expenses in the banking operation. All operations are domestic.
Accounting policies for segments are the same as those described in Note 1. Segment performance is evaluated using consolidated net income. The table below presents the information reported internally for performance assessment by the CODM as of the three and six months ended June 30, 2026 and 2025.
Three Months Ended June 30,Six Months Ended June 30,
Banking Segment2026202520262025
(In thousands)
Interest Income$336,836 $319,115 $647,859 $631,657 
Reconciliation of revenue:
Other Revenues*53,454 51,079 96,257 96,505 
Total consolidated revenues$390,290 $370,194 $744,116 $728,162 
Less:
Interest Expense95,193 99,163 182,312 197,049 
Segment net interest income and noninterest income$295,097 $271,031 $561,804 $531,113 
Less:
Credit loss expense5,200 3,000 5,700 3,000 
Salaries and employee benefits68,742 64,318 131,978 126,173 
Occupancy and equipment**15,787 14,023 30,654 28,448 
Data processing expense9,307 8,364 18,191 16,922 
Merger and acquisition expense12,726 — 13,120 — 
Other expense10,261 12,496 21,326 21,199 
FDIC and state assessment3,045 1,636 4,644 5,023 
Electronic banking expense3,223 3,172 6,549 6,227 
Other segment items***12,403 12,031 23,007 24,976 
Income tax expense35,076 33,588 69,099 65,533 
Segment net income/consolidated net income119,327 118,403 237,536 233,612 
Reconciliation of profit or loss:
Adjustments and reconciling items — — — — 
Consolidated net income$119,327 $118,403 $237,536 $233,612 
*Includes earnings in equity method investments of $4.0 million and $4.3 million for the three months ended June 30, 2026 and 2025, respectively, and $5,526,160 and $9,445,436 for the six months ended June 30, 2026 and 2025, respectively.
** Includes depreciation and amortization expense of $5.4 million and $5.2 million for the three-month periods ended June 30, 2026 and 2025, respectively, and $10,794,655 and $10,529,515 for the six months ended June 30, 2026 and 2025, respectively.
***Other segment items include expenses for advertising, amortization of intangibles, directors' fees, due from bank service charges, insurance expense, legal and accounting fees, other professional fees, operating supplies, postage and telephone.