v3.26.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Operating Information for Reportable Segments
The following is a summary of certain operating information for reportable segments:
(In thousands)
Community
Banking
Specialty
Finance
Wealth
Management
Total Operating SegmentsIntersegment EliminationsConsolidated
Three Months Ended September 30, 2026:
Interest income$851,622 $130,857 $9,488 $991,967 $10,894 $1,002,861 
Interest expense358,955 22,197 105 381,257 — 381,257 
Net interest income492,667 108,660 9,383 610,710 10,894 621,604 
Provision for credit losses23,379 2,500 — 25,879 — 25,879 
Non-interest income82,313 34,777 42,522 159,612 (23,339)136,273 
Non-interest expense:
Salaries100,205 18,564 9,504 128,273 345 128,618 
Commissions and incentive compensation35,264 11,472 15,175 61,911 — 61,911 
Benefits31,243 6,176 2,604 40,023 — 40,023 
Other segment expenses (1)
151,555 26,912 9,436 187,903 (12,790)175,113 
Total non-interest expense318,267 63,124 36,719 418,110 (12,445)405,665 
Income before taxes233,334 77,813 15,186 326,333 — 326,333 
Income tax expense64,889 18,356 4,034 87,279 — 87,279 
Net income$168,445 $59,457 $11,152 $239,054 $— $239,054 
Total assets at period end$60,142,857 $14,527,305 $1,301,458 $75,971,620 $— $75,971,620 
Three Months Ended September 30, 2025:
Interest income$838,871 $107,840 $5,697 $952,408 $11,426 $963,834 
Interest expense386,326 10,410 88 396,824 — 396,824 
Net interest income452,545 97,430 5,609 555,584 11,426 567,010 
Provision for credit losses20,059 1,709 — 21,768 — 21,768 
Non-interest income82,507 32,221 39,663 154,391 (23,564)130,827 
Non-interest expense:
Salaries97,900 16,464 9,761 124,125 498 124,623 
Commissions and incentive compensation33,175 10,445 12,624 56,244 — 56,244 
Benefits30,577 5,775 2,449 38,801 — 38,801 
Other segment expenses (1)
140,977 23,702 8,317 172,996 (12,636)160,360 
Total non-interest expense302,629 56,386 33,151 392,166 (12,138)380,028 
Income before taxes212,364 71,556 12,121 296,041 — 296,041 
Income tax expense 57,753 18,990 3,044 79,787 — 79,787 
Net income$154,611 $52,566 $9,077 $216,254 $— $216,254 
Total assets at period end$56,437,776 $12,187,079 $1,004,783 $69,629,638 $— $69,629,638 
(1)Other segment expenses include non-interest expense categories such as ‘Software & Equipment’, ‘Data processing’, ‘Advertising and Marketing’, ‘FDIC Insurance’, and ‘Occupancy’. See “Non-Interest Expense” under Management’s Discussion and Analysis of Financial Condition and Results of Operations in Item 2 of this Form 10-Q for further discussion on non-interest expense.
(In thousands)
Community
Banking
Specialty
Finance
Wealth
Management
Total Operating SegmentsIntersegment EliminationsConsolidated
Nine Months Ended September 30, 2026:
Interest income$2,449,737 $378,065 $28,844 $2,856,646 $35,187 $2,891,833 
Interest expense1,036,022 57,474 343 1,093,839 — 1,093,839 
Net interest income1,413,715 320,591 28,501 1,762,807 35,187 1,797,994 
Provision for credit losses72,029 6,578 — 78,607 — 78,607 
Non-interest income246,801 107,101 129,209 483,111 (71,427)411,684 
Non-interest expense:
Salaries302,540 54,478 29,296 386,314 1,265 387,579 
Commissions and incentive compensation105,719 32,788 43,274 181,781 — 181,781 
Benefits95,973 19,447 8,308 123,728 — 123,728 
Other segment expenses (1)
423,567 78,513 28,171 530,251 (37,505)492,746 
Total non-interest expense927,799 185,226 109,049 1,222,074 (36,240)1,185,834 
Income before taxes660,688 235,888 48,661 945,237 — 945,237 
Income tax expense180,281 52,875 11,946 245,102 — 245,102 
Net income$480,407 $183,013 $36,715 $700,135 $— $700,135 
Nine Months Ended September 30, 2025:
Interest income$2,408,155 $312,275 $16,192 $2,736,622 $35,085 $2,771,707 
Interest expense1,099,943 31,228 358 1,131,529 — 1,131,529 
Net interest income1,308,212 281,047 15,834 1,605,093 35,085 1,640,178 
Provision for credit losses62,965 5,000 — 67,965 — 67,965 
Non-interest income231,498 96,784 112,991 441,273 (69,723)371,550 
Non-interest expense:
Salaries293,388 47,864 28,968 370,220 1,494 371,714 
Commissions and incentive compensation98,637 29,462 36,552 164,651 — 164,651 
Benefits90,058 16,399 7,913 114,370 — 114,370 
Other segment expenses (1)
413,177 72,237 27,562 512,976 (36,132)476,844 
Total non-interest expense895,260 165,962 100,995 1,162,217 (34,638)1,127,579 
Income before taxes581,485 206,869 27,830 816,184 — 816,184 
Income tax expense153,471 55,214 6,679 215,364 — 215,364 
Net income$428,014 $151,655 $21,151 $600,820 $— $600,820 
(1)Other segment expenses include non-interest expense categories such as ‘Software & Equipment’, ‘Data processing’, ‘Advertising and Marketing’, ‘FDIC Insurance’, and ‘Occupancy’. See “Non-Interest Expense” under Management’s Discussion and Analysis of Financial Condition and Results of Operations in Item 2 of this Form 10-Q for further discussion on non-interest expense.