Note 16 — Goodwill and Other Intangible Assets

The carrying amount of goodwill was $3.1 billion, at September 30, 2026, and December 31, 2025. The Company’s other intangible assets, consisting of core deposit intangibles and client list intangibles are included on the face of the balance sheet.

The Company last completed its annual valuation of the carrying value of its goodwill as of October 31, 2025 and determined it was more likely than not there was no impairment of the Company’s goodwill. Management continues to monitor the impact of market conditions on the Company’s business, operating results, cash flows and/or financial condition.

Amortization expense totaled $20.6 million and $63.0 million, for the three and nine months ended September 30, 2026, respectively, compared to $23.4 million and $71.3 million for the three and nine months ended September 30, 2025, respectively. Other intangibles, except for SBA servicing assets which are carried at fair value, are amortized using either the straight-line method or an accelerated basis over their estimated useful lives, with lives generally between two and 15 years. The SBA servicing assets are carried at fair value and along with goodwill, are not amortized.