Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Selected segment information

Information about the Corporation’s segments is presented below:

	Corporate and Commercial Specialty
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
($ in thousands)	2024		2023		2024		2023
Net interest income	$	254,935	$	250,365	$	749,062	$	710,031
Net intersegment interest (expense)	(98,898)		(106,675)		(291,872)		(288,366)
Segment net interest income	156,037		143,690		457,190		421,665
Noninterest income	37,017		34,086		106,570		99,254
Total revenue	193,054		177,776		563,761		520,919
Provision for credit losses	17,009		14,066		48,930		41,523
Noninterest expense	65,415		63,265		197,159		186,521
Income before income taxes	110,630		100,445		317,672		292,876
Income tax expense	20,999		19,293		59,845		54,104
Net income	$	89,630	$	81,152	$	257,827	$	238,772
Allocated goodwill					$	525,836	$	525,836

	Community, Consumer, and Business
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
($ in thousands)	2024		2023		2024		2023
Net interest income	$	56,574	$	67,139	$	172,575	$	219,883
Net intersegment interest income	135,862		123,900		401,353		317,820
Segment net interest income	192,436		191,039		573,928		537,703
Noninterest income	26,009		29,670		75,921		85,870
Total revenue	218,445		220,709		649,848		623,573
Provision for credit losses	5,195		7,381		17,611		21,467
Noninterest expense	115,656		108,127		333,711		328,790
Income before income taxes	97,594		105,202		298,526		273,316
Income tax expense	20,495		22,092		62,691		57,396
Net income	$	77,099	$	83,109	$	235,835	$	215,920
Allocated goodwill					$	579,156	$	579,156

	Risk Management and Shared Services
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
($ in thousands)	2024		2023		2024		2023
Net interest (loss)	$	(49,001)	$	(63,260)	$	(144,677)	$	(143,743)
Net intersegment interest (expense)	(36,964)		(17,225)		(109,481)		(29,454)
Segment net interest (loss)	(85,964)		(80,485)		(254,158)		(173,197)
Noninterest income	4,196		2,823		14,874		9,071
Total revenue	(81,768)		(77,663)		(239,284)		(164,126)
Provision for credit losses	(1,213)		496		1,459		(975)
Noninterest expense	19,526		24,814		63,245		58,980
(Loss) before income taxes	(100,081)		(102,972)		(303,988)		(222,131)
Income tax (benefit)	(21,370)		(21,959)		(95,085)		(41,202)
Net (loss)	$	(78,711)	$	(81,013)	$	(208,902)	$	(180,929)
Allocated goodwill					$	—	$	—

	Consolidated Total
	Three Months Ended Sep 30,				Nine Months Ended Sep 30,
($ in thousands)	2024		2023		2024		2023
Net interest income	$	262,509	$	254,244	$	776,960	$	786,171
Net intersegment interest income	—		—		—		—
Segment net interest income	262,509		254,244		776,960		786,171
Noninterest income	67,221		66,579		197,365		194,195
Total revenue	329,730		320,823		974,325		980,366
Provision for credit losses	20,991		21,943		68,000		62,014
Noninterest expense	200,597		196,205		594,115		574,291
Income before income taxes	108,142		102,674		312,211		344,061
Income tax expense	20,124		19,426		27,451		70,299
Net income	$	88,018	$	83,248	$	284,760	$	273,762
Allocated goodwill					$	1,104,992	$	1,104,992