Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Summary Of Financial Information By Reportable Segment

Summarized financial information concerning the Company's reportable segments and the reconciliation to the consolidated financial results is shown in the following tables for the years ended December 31, 2021, 2020, and 2019:


		Year Ended December 31, 2021
(in thousands)		Core Banking		Mortgage Banking		Consolidated
Net interest income		$	908,087	$	11,560	$	919,647
(Recapture) provision for credit losses		(42,651)		—		(42,651)
Non-interest income
	Residential mortgage banking revenue:
	Origination and sale	—		157,789		157,789
	Servicing	—		36,836		36,836
	Change in fair value of MSR asset:
	Changes due to collection/realization of expected cash flows over time	—		(18,903)		(18,903)
	Changes due to valuation inputs or assumptions	—		11,089		11,089
	Gain on sale of debt securities, net	8		—		8
	Loss on equity securities, net	(1,511)		—		(1,511)
	Gain on swap derivatives, net	8,395		—		8,395
	Change in fair value of certain loans held for investment	3,032		—		3,032
	Non-interest income (excluding above items)	158,725		858		159,583
	Total non-interest income	168,649		187,669		356,318
Non-interest expense

	Merger related expenses	15,183		—		15,183
	Exit and disposal costs	12,763		—		12,763
	Non-interest expense (excluding above items)	589,556		142,954		732,510
	Allocated expenses, net (1)	8,174		(8,174)		—
	Total non-interest expense	625,676		134,780		760,456
Income before income taxes		493,711		64,449		558,160
Provision for income taxes		121,748		16,112		137,860
Net income		$	371,963	$	48,337	$	420,300

Total assets		$	30,155,058	$	485,878	$	30,640,936
Loans held for sale		$	—	$	353,105	$	353,105
Total loans and leases		$	22,553,180	$	—	$	22,553,180
Total deposits		$	26,370,568	$	224,117	$	26,594,685
(1) Represents allocations from the Mortgage Banking segment to Core Banking for new portfolio loan originations and portfolio servicing costs, partially offset by internal charges of centrally provided support services and other corporate overhead to the Mortgage Banking segment.


		Year Ended December 31, 2020
(in thousands)		Core Banking		Mortgage Banking		Consolidated
Net interest income		$	866,996	$	15,523	$	882,519
Provision for credit losses		204,861		—		204,861
Non-interest income
	Residential mortgage banking revenue:
	Origination and sale	—		308,219		308,219
	Servicing	—		35,706		35,706
	Change in fair value of MSR asset:
	Changes due to collection/realization of expected cash flows over time	—		(19,680)		(19,680)
	Changes due to valuation inputs or assumptions	—		(53,423)		(53,423)
	Gain on sale of debt securities, net	190		—		190
	Gain on equity securities, net	769		—		769
	Loss on swap derivatives, net	(9,409)		—		(9,409)
	Non-interest income (excluding above items)	148,884		753		149,637
	Total non-interest income	140,434		271,575		412,009
Non-interest expense
	Goodwill impairment	1,784,936		—		1,784,936
	Exit and disposal costs	2,589		—		2,589
	Non-interest expense (excluding above items)	609,497		149,065		758,562
	Allocated expenses, net (1)	(11,557)		11,557		—
	Total non-interest expense	2,385,465		160,622		2,546,087
(Loss) income before income taxes		(1,582,896)		126,476		(1,456,420)
Provision for income taxes		35,381		31,619		67,000
Net (loss) income		$	(1,618,277)	$	94,857	$	(1,523,420)

Total assets		$	28,438,813	$	796,362	$	29,235,175
Loans held for sale		$	78,146	$	688,079	$	766,225
Total loans and leases		$	21,779,367	$	—	$	21,779,367
Total deposits		$	24,200,012	$	422,189	$	24,622,201
(1) Represents the internal charge of centrally provided support services and other corporate overhead to the Mortgage Banking segment, partially offset by allocations from the Mortgage Banking segment to Core Banking for new portfolio loan originations and portfolio servicing costs.


		Year Ended December 31, 2019
(in thousands)		Core Banking		Mortgage Banking		Consolidated
Net interest income		$	913,097	$	7,537	$	920,634
Provision for credit losses		72,515		—		72,515
Non-interest income
	Residential mortgage banking revenue:
	Origination and sale	—		104,394		104,394
	Servicing	—		42,199		42,199
	Change in fair value of MSR asset:
	Changes due to collection/realization of expected cash flows over time	—		(25,408)		(25,408)
	Changes due to valuation inputs or assumptions	—		(19,375)		(19,375)
	Loss on sale of debt securities, net	(7,184)		—		(7,184)
	Gain on equity securities, net	83,475		—		83,475
	Loss on swap derivatives, net	(6,038)		—		(6,038)
	Non-interest income (excluding above items)	167,325		436		167,761
	Total non-interest income	237,578		102,246		339,824
Non-interest expense

	Exit and disposal costs	6,797		—		6,797
	Non-interest expense (excluding above items)	606,545		105,698		712,243
	Allocated expenses, net (1)	(10,508)		10,508		—
	Total non-interest expense	602,834		116,206		719,040
Income (loss) before income taxes		475,326		(6,423)		468,903
Provision (benefit) for income taxes		116,414		(1,606)		114,808
Net income (loss)		$	358,912	$	(4,817)	$	354,095

Total assets		$	28,214,661	$	632,148	$	28,846,809
Loans held for sale		$	—	$	513,431	$	513,431
Total loans and leases		$	21,195,684	$	—	$	21,195,684
Total deposits		$	22,212,584	$	268,920	$	22,481,504
(1) Represents the internal charge of centrally provided support services and other corporate overhead to the Mortgage Banking segment, partially offset by allocations from the Mortgage Banking segment to Core Banking for new portfolio loan originations and portfolio servicing costs.