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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Selected segment information
Information about the Corporation’s segments is presented below:
Corporate and Commercial Specialty
Three Months Ended September 30,Nine Months Ended September 30,
($ in Thousands)2020201920202019
Net interest income$92,033 $111,060 $298,611 $339,222 
Net intersegment interest income (expense)6,937 (12,041)3,123 (40,863)
Segment net interest income98,970 99,020 301,734 298,359 
Noninterest income37,405 33,671 111,254 101,135 
Total revenue136,376 132,691 412,987 399,495 
Credit provision15,572 12,248 41,456 37,417 
Noninterest expense52,144 57,946 159,471 174,570 
Income (loss) before income taxes68,660 62,497 212,060 187,508 
Income tax expense (benefit)12,600 11,249 39,461 35,472 
Net income$56,060 $51,248 $172,599 $152,036 
Allocated goodwill$530,144 $530,144 

Community, Consumer, and Business
Three Months Ended September 30,Nine Months Ended September 30,
($ in Thousands)2020201920202019
Net interest income$73,644 $73,777 $221,691 $230,476 
Net intersegment interest income (expense)9,231 25,437 42,213 68,930 
Segment net interest income82,875 99,214 263,904 299,406 
Noninterest income32,958 59,934 140,442 171,283 
Total revenue115,833 159,148 404,345 470,688 
Credit provision5,758 4,631 16,296 13,942 
Noninterest expense102,100 118,241 335,591 345,611 
Income (loss) before income taxes7,975 36,277 52,458 111,135 
Income tax expense (benefit)1,675 7,618 11,016 23,338 
Net income$6,300 $28,658 $41,442 $87,797 
Allocated goodwill$577,758 $646,086 

 Risk Management and Shared Services
Three Months Ended September 30,Nine Months Ended September 30,
($ in Thousands)2020201920202019
Net interest income$16,472 $21,528 $54,662 $65,834 
Net intersegment interest income (expense)(16,167)(13,396)(45,336)(28,067)
Segment net interest income305 8,131 9,326 37,767 
Noninterest income(a)
5,182 7,245 176,646 15,472 
Total revenue5,487 15,376 185,973 53,239 
Credit provision21,679 (14,879)99,257 (35,359)
Noninterest expense(b)
73,343 24,743 108,122 70,198 
Income (loss) before income taxes(89,535)5,512 (21,407)18,400 
Income tax expense (benefit)(c)
(72,389)2,080 (47,135)3,546 
Net income$(17,146)$3,432 $25,728 $14,854 
Allocated goodwill$— $— 
Consolidated Total
Three Months Ended September 30,Nine Months Ended September 30,
($ in Thousands)2020201920202019
Net interest income$182,150 $206,365 $574,964 $635,532 
Net intersegment interest income (expense)— — — — 
Segment net interest income182,150 206,365 574,964 635,532 
Noninterest income(a)
75,545 100,850 428,342 287,890 
Total revenue257,695 307,216 1,003,305 923,422 
Credit provision43,009 2,000 157,009 16,000 
Noninterest expense(b)
227,587 200,930 603,184 590,380 
Income (loss) before income taxes(12,900)104,286 243,112 317,042 
Income tax expense (benefit)c)
(58,114)20,947 3,342 62,356 
Net income$45,214 $83,339 $239,769 $254,686 
Allocated goodwill$1,107,902 $1,176,230 
(a) For the nine months ended September 30, 2020, the Corporation recognized a $163 million asset gain related to the sale of ABRC.
(b) For the three months ended September 30, 2020 and 2019, the Risk Management and Shared Services segment included approximately $218 thousand and $2 million respectively, of acquisition related noninterest expense. For the nine months ended September 30, 2020 and 2019, the Risk Management and Shared Services segment included approximately $2 million and $6 million respectively, of acquisition related noninterest expense. For the three and nine months ended September 30, 2020, the Risk Management and Shared Services segment also incurred a $45 million loss on the prepayment of FHLB advances.
(c) The Corporation has recognized $63 million in tax benefits for the nine months ended September 30, 2020, and $49 million for the three months ended September 30, 2020, primarily driven by tax planning strategies which allowed for the recognition of built in capital losses and tax basis step-up yielding this tax benefit