Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Information about the Corporation’s segments is presented below:


	Corporate and Commercial Specialty
	Three Months Ended Mar 31,
($ in thousands)	2024		2023
Net interest income	$	242,931	$	219,123
Net intersegment interest (expense)	(93,736)		(80,980)
Segment net interest income	149,195		138,143
Noninterest income	34,422		32,717
Total revenue	183,617		170,860
Provision for credit losses	15,428		13,782
Noninterest expense	66,350		62,119
Income before income taxes	101,839		94,960
Income tax expense	21,081		17,726
Net income	$	80,758	$	77,234






Allocated goodwill	$	525,836	$	525,836


	Community, Consumer, and Business
	Three Months Ended Mar 31,
($ in thousands)	2024		2023
Net interest income	$	58,192	$	80,284
Net intersegment interest income	130,159		88,079
Segment net interest income	188,351		168,363
Noninterest income	24,494		25,947
Total revenue	212,845		194,310
Provision for credit losses	6,825		6,758
Noninterest expense	110,490		111,735
Income before income taxes	95,530		75,817
Income tax expense	20,062		15,922
Net income	$	75,468	$	59,895






Allocated goodwill	$	579,156	$	579,156


	Risk Management and Shared Services
	Three Months Ended Mar 31,
($ in thousands)	2024		2023
Net interest (loss)	$	(43,266)	$	(25,397)
Net intersegment (expense)	(36,422)		(7,099)
Segment net interest (loss)	(79,688)		(32,496)
Noninterest income	6,068		3,409
Total revenue	(73,620)		(29,087)
Provision for credit losses	1,747		(2,568)
Noninterest expense	20,817		13,558
(Loss) before income taxes	(96,184)		(40,077)
Income tax (benefit)	(21,127)		(6,307)
Net (loss)	$	(75,058)	$	(33,770)






Allocated goodwill	$	—	$	—


	Consolidated Total
	Three Months Ended Mar 31,
($ in thousands)	2024		2023
Net interest income	$	257,858	$	274,010
Net intersegment interest income	—		—
Segment net interest income	257,858		274,010
Noninterest income	64,985		62,073
Total revenue	322,842		336,083
Provision for credit losses	24,001		17,971
Noninterest expense	197,657		187,412
Income before income taxes	101,185		130,700
Income tax expense	20,016		27,340
Net income	$	81,169	$	103,360






Allocated goodwill	$	1,104,992	$	1,104,992