v3.25.2
CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Interest and fees on loans $ 364,358 $ 345,251 $ 698,508 $ 676,130
Investment securities 45,991 33,584 92,556 65,728
Interest bearing cash and cash equivalents 29,218 43,233 75,792 97,588
Total interest income 439,567 422,068 866,856 839,446
Interest expense        
Deposits 174,798 181,280 349,734 356,880
Short-term borrowings 3,444 12,749 11,690 25,532
Long-term debt 7,930 11,457 16,003 25,443
Total interest expense 186,172 205,486 377,427 407,855
Net interest income 253,395 216,582 489,429 431,591
Provision for credit losses 15,000 20,000 32,000 39,000
Net interest income after provision for credit losses 238,395 196,582 457,429 392,591
Non-interest income        
Service charges on deposit accounts 8,182 5,911 16,022 12,250
Wealth management and trust fee income 3,730 3,699 7,694 7,266
Brokered loan fees 2,398 2,131 4,347 4,042
Investment banking and advisory fees 24,109 25,048 40,587 43,472
Trading income 7,896 5,650 13,835 10,362
Available-for-sale debt securities losses (1,886) 0 (1,886) 0
Other 9,640 7,985 17,914 14,351
Total non-interest income 54,069 50,424 98,513 91,743
Non-interest expense        
Salaries and benefits 120,154 118,840 251,795 247,567
Occupancy expense 12,144 10,666 22,988 20,403
Marketing 3,624 5,996 8,633 12,032
Legal and professional 11,069 11,273 26,058 27,468
Communications and technology 24,314 22,013 47,956 43,127
Federal Deposit Insurance Corporation insurance assessment 5,096 5,570 10,437 13,991
Other 13,875 14,051 25,429 26,214
Total non-interest expense 190,276 188,409 393,296 390,802
Income before income taxes 102,188 58,597 162,646 93,532
Income tax expense 24,860 16,935 38,271 25,728
Net income 77,328 41,662 124,375 67,804
Preferred stock dividends (4,312) (4,312) (8,625) (8,625)
Net income available to common stockholders 73,016 37,350 115,750 59,179
Other comprehensive income/(loss)        
Change in unrealized gain/(loss) 20,038 (13,939) 70,317 (56,282)
Amounts reclassified into net income 9,967 19,825 20,326 39,533
Other comprehensive income/(loss) 30,005 5,886 90,643 (16,749)
Income tax expense/(benefit) 6,774 (6,268) 20,467 (11,021)
Other comprehensive income/(loss), net of tax 23,231 12,154 70,176 (5,728)
Comprehensive income $ 100,559 $ 53,816 $ 194,551 $ 62,076
Basic earnings per common share        
Basic earnings/(loss) per common share (in usd per share) $ 1.59 $ 0.80 $ 2.52 $ 1.26
Diluted earnings per common share        
Diluted earnings/(loss) per common share (in usd per share) $ 1.58 $ 0.80 $ 2.49 $ 1.25