Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

The following table represents segment information for the three months ended March 31, 2025 and 2024 (in thousands):


	Three months ended March 31,
	2025		2024
Interest income on loans	$	273,031	148,079
Interest income on cash and debt securities	32,315		15,780
Total interest income	305,346		163,859
Total interest expense	123,618		70,189
Net interest income	181,728		93,670

Provision for credit losses	638		(320)
Net interest income after provision	181,090		93,990

Non-interest income:
Wealth management income	7,328		7,488
Insurance Agency Income	5,651		4,793
Other non-interest income (1)	14,051		8,526
Total non-interest income	27,030		20,807

Non-interest expense:
Compensation and employee benefits	62,366		40,048
Net occupancy expense	13,927		8,520
Data processing expense	9,605		6,783
Other non-interest expense (2)	30,369		16,476
Total non-interest expense	116,267		71,827

Income tax expense	27,825		10,888

Net income	$	64,028	$	32,082

(1) Other non-interest income items include fees and commissions, BOLI and other miscellaneous income.

(2) Other non-interest expense items include merger-related expenses in the prior year, amortization of intangibles and other miscellaneous expenses.