Noninterest Income and Expense

9 Months Ended

Sep. 30, 2026

Noninterest Income and Expense

Noninterest Income and Expense

18. Noninterest Income and Expense

The following table shows the components of noninterest income and expense (in thousands).


		Three Months Ended September 30,						Nine Months Ended September 30,
		2026			2025			2026			2025
Noninterest income:
Net gains from sale of loans and other mortgage production income ⁽¹⁾		$	40,432		$	51,730		$	139,987		$	148,956
Mortgage loan origination fees			27,249			24,850			79,453			76,039
Principal transactions, commissions and fees:
Principal transactions ⁽¹⁾			12,521			44,926			79,576			97,434
Commissions			16,194			11,233			40,193			29,796
Money market and bank-insured fund fees			8,945			9,291			31,930			26,419
Other fees			8,574			8,616			25,266			23,586
			46,234			74,066			176,965			177,235
Investment banking, advisory and administrative fees:
Advisory services			32,337			31,320			77,480			79,628
Managed money			13,369			11,611			37,503			32,817
Underwriting			5,147			9,318			14,476			18,069
Other fees			3,278			1,100			5,792			3,193
			54,131			53,349			135,251			133,707
Other:
Merchant banking investments ⁽¹⁾			6,601			2,649			7,322			44,336
Service charges on depositor accounts			4,790			4,545			14,508			13,689
Trust fees			3,513			3,000			10,108			9,213
Other ⁽¹⁾			4,192			3,618			11,921			20,606
			19,096			13,812			43,859			87,844
		$	187,142		$	217,807		$	575,515		$	623,781
Noninterest expense:
Employees' compensation and benefits		$	179,302		$	190,027		$	528,160		$	542,677
Occupancy and equipment, net			19,740			19,930			58,996			60,776
Professional services			11,756			12,681			35,648			27,615
Other:
Software and information technology			17,171			17,354			53,621			52,374
Brokerage commissions and fees			8,560			9,234			27,836			27,448
Business development			3,218			2,813			9,413			10,572
Unreimbursed loan closing costs			1,982			2,724			5,535			9,398
Travel, meals and entertainment			3,215			3,195			10,485			9,529
Mortgage origination and servicing			2,547			2,516			7,905			7,271
Amortization of intangible assets			240			257			719			771
Other			16,404			11,172			40,856			36,121
			53,337			49,265			156,370			153,484
		$	264,135		$	271,903		$	779,174		$	784,552

(1)	Certain noninterest income components included within these line items are generally not in the scope of the accounting guidance for revenue from contracts with customers.

Certain activities involving the recognition of revenue primarily within the Company’s banking and broker-dealer segments are subject to the provisions of ASC 606. The policies that govern such revenue from contracts with customers are further described in Note 1 and Note 23 to the consolidated financial statements included in the Company’s 2025 Form 10-K.