Average assets increased by $11.7 billion, or 6%, YoY, primarily due to increases in average total securities of $4.2 billion, or 10%, average loans and leases of $3.7 billion, or 3%, and average interest-earning deposits with banks of $3.0 billion, or 31%.

Management states a continued focus on extending digital leadership with a focus on ease of use, access to information, and self-service across products and services. This is a key element of their growth strategy.

The company does not expect to utilize the share repurchase program through 2024, citing the 2024 Capital Plan and current expectation that organic capital will be used for funding loan and lease growth and proposed changes to regulatory capital requirements.

The efficiency ratio increased from 57.0% to 59.4%, indicating that operating expenses are growing at a faster rate than revenue. This suggests a need for improved cost control.

The tangible common equity to tangible assets ratio increased to 6.4% at September 30, 2024, compared to 6.1% at December 31, 2023, primarily due to an improvement in AOCI driven by changes in interest rates.

Management emphasizes a disciplined and proactive approach to managing credit quality, consistent with their through-the-cycle risk appetite. This is reflected in their monitoring of NPAs, NALs, and ACL.

Management acknowledges uncertainty in the macroeconomic environment, including ongoing risks in commercial real estate, inflation, political uncertainty, and geopolitical instability. These factors could impact the ACL and overall performance.

The company highlights cybersecurity as an important component of their overall risk management approach and is actively managing a cybersecurity operation designed to detect, contain, and respond to cybersecurity threats and incidents.

The FDIC adopted a final rule to modify the required frequency and informational content of resolution plan submissions applicable to insured depository institutions with $50 billion or more in total assets, which describe the insured depository institution's strategy for a rapid and orderly resolution in the event of material financial distress or failure.

Management emphasizes building a 'Category of One' customer experience through a distinguished brand and culture. This suggests an ongoing effort to differentiate through service quality.

The company is focused on extending its digital leadership with a focus on ease of use, access to information, and self-service across products and services, which is critical for maintaining a competitive edge.

The document mentions the need to leverage expertise and capabilities to acquire and deepen relationships and launch select partnerships, suggesting an awareness of a competitive landscape.

Personnel costs increased by $62 million, or 10%, primarily due to higher salary, benefit, and incentive compensation expense.

Deposit and other insurance expense decreased $10 million, or 40%, primarily due to $7 million of expense reduction attributable to the FDIC DIF special assessment.

Net occupancy expense decreased $10 million, or 15%, primarily due to a decrease in corporate real estate consolidation expense.

Outside data processing and other services increased $18 million, or 12%, reflecting higher technology and data expense.

The company is focused on extending its digital leadership with a focus on ease of use, access to information, and self-service across products and services.

The company is actively managing a cybersecurity operation designed to detect, contain, and respond to cybersecurity threats and incidents in a prompt and effective manner with the goal of minimizing disruptions to our business.

The company does not expect to utilize the share repurchase program through 2024, citing the 2024 Capital Plan and current expectation that organic capital will be used for funding loan and lease growth and proposed changes to regulatory capital requirements.

The company's capital allocation strategy emphasizes organic growth through increasing loan and deposit balances.

The company maintains Basel III capital ratios in excess of well-capitalized standards, providing flexibility for future growth and opportunities.

Management mentions that affordable housing projects are used to assist in achieving goals associated with the Community Reinvestment Act.

The filing does not include specific details on environmental commitments, social responsibility initiatives, or governance practices beyond regulatory compliance.

The filing does not explicitly address sustainability risks and opportunities in a comprehensive manner.

The baseline scenario used in the ACL determination assumes the Federal Reserve will enter a cycle of rate cuts, with regular cuts forecast throughout the remainder of 2024 through 2026.

The company acknowledges uncertainty in the commercial real estate market, particularly the office sector, due to remote work trends.

Management continues to assess the uncertainty in the macroeconomic environment, including ongoing risks in the commercial real estate environment, current inflation levels, political uncertainty, and geopolitical instability.