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Business Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Financial Results

Business Segment financial results for the three and six months ended June 30, 2022 and June 30, 2021 were as follows (in thousands):

 

 

 

Three Months Ended June 30, 2022

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

149,094

 

 

$

34,981

 

 

$

40,716

 

 

$

224,791

 

Provision for credit losses

 

 

12,067

 

 

 

89

 

 

 

1,244

 

 

 

13,400

 

Noninterest income

 

 

56,894

 

 

 

81,082

 

 

 

38,359

 

 

 

176,335

 

Noninterest expense

 

 

79,521

 

 

 

76,511

 

 

 

58,095

 

 

 

214,127

 

Income before taxes

 

 

114,400

 

 

 

39,463

 

 

 

19,736

 

 

 

173,599

 

Income tax expense

 

 

23,752

 

 

 

8,193

 

 

 

4,098

 

 

 

36,043

 

Net income

 

$

90,648

 

 

$

31,270

 

 

$

15,638

 

 

$

137,556

 

Average assets

 

$

16,829,000

 

 

$

13,577,000

 

 

$

7,157,000

 

 

$

37,563,000

 

 

 

 

Three Months Ended June 30, 2021

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

142,878

 

 

$

21,258

 

 

$

36,935

 

 

$

201,071

 

Provision for credit losses

 

 

21,993

 

 

 

147

 

 

 

1,860

 

 

 

24,000

 

Noninterest income

 

 

37,106

 

 

 

68,745

 

 

 

25,738

 

 

 

131,589

 

Noninterest expense

 

 

73,472

 

 

 

72,575

 

 

 

55,291

 

 

 

201,338

 

Income before taxes

 

 

84,519

 

 

 

17,281

 

 

 

5,522

 

 

 

107,322

 

Income tax expense

 

 

15,679

 

 

 

3,206

 

 

 

1,025

 

 

 

19,910

 

Net income

 

$

68,840

 

 

$

14,075

 

 

$

4,497

 

 

$

87,412

 

Average assets

 

$

14,993,000

 

 

$

11,611,000

 

 

$

7,660,000

 

 

$

34,264,000

 

 

 

 

 

Six Months Ended June 30, 2022

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

294,096

 

 

$

61,233

 

 

$

79,817

 

 

$

435,146

 

Provision for credit losses

 

 

5,027

 

 

 

240

 

 

 

1,633

 

 

 

6,900

 

Noninterest income

 

 

83,594

 

 

 

154,354

 

 

 

62,065

 

 

 

300,013

 

Noninterest expense

 

 

159,110

 

 

 

152,112

 

 

 

117,683

 

 

 

428,905

 

Income before taxes

 

 

213,553

 

 

 

63,235

 

 

 

22,566

 

 

 

299,354

 

Income tax expense

 

 

39,831

 

 

 

11,795

 

 

 

4,209

 

 

 

55,835

 

Net income

 

$

173,722

 

 

$

51,440

 

 

$

18,357

 

 

$

243,519

 

Average assets

 

$

16,824,000

 

 

$

14,125,000

 

 

$

7,404,000

 

 

$

38,353,000

 

 

 

 

Six Months Ended June 30, 2021

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

279,287

 

 

$

43,397

 

 

$

72,502

 

 

$

395,186

 

Provision for credit losses

 

 

13,816

 

 

 

367

 

 

 

2,317

 

 

 

16,500

 

Noninterest income

 

 

45,281

 

 

 

137,166

 

 

 

58,039

 

 

 

240,486

 

Noninterest expense

 

 

143,196

 

 

 

143,857

 

 

 

115,231

 

 

 

402,284

 

Income before taxes

 

 

167,556

 

 

 

36,339

 

 

 

12,993

 

 

 

216,888

 

Income tax expense

 

 

28,455

 

 

 

6,171

 

 

 

2,207

 

 

 

36,833

 

Net income

 

$

139,101

 

 

$

30,168

 

 

$

10,786

 

 

$

180,055

 

Average assets

 

$

14,593,000

 

 

$

11,608,000

 

 

$

7,453,000

 

 

$

33,654,000