v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest Income        
Investment securities $ 44,148 $ 42,165 $ 89,794 $ 98,383
Residential real estate loans 25,361 21,754 49,636 42,518
Commercial loans 214,816 188,326 412,204 369,798
Consumer and other loans 23,790 21,589 46,406 42,537
Total interest income 308,115 273,834 598,040 553,236
Interest Expense        
Deposits 65,569 67,852 128,434 135,048
Securities sold under agreements to repurchase 14,109 13,566 27,842 26,164
Federal Home Loan Bank advances 17,806 24,179 38,525 28,428
FRB Bank Term Funding 0 0 0 27,097
Other borrowed funds 400 353 802 697
Subordinated debentures 2,615 1,406 4,842 2,844
Total interest expense 100,499 107,356 200,445 220,278
Net Interest Income 207,616 166,478 397,595 332,958
Provision for credit losses 20,267 3,518 28,081 11,767
Net interest income after provision for credit losses 187,349 162,960 369,514 321,191
Non-Interest Income        
Service charges and other fees 20,405 19,422 39,223 37,985
Miscellaneous loan fees and charges 5,067 4,821 9,731 9,183
Gain on sale of loans 4,273 4,669 8,584 8,031
(Loss) gain on sale of securities 0 (12) 0 4
Other income 3,199 3,304 8,048 6,990
Total non-interest income 32,944 32,204 65,586 62,193
Non-Interest Expense        
Compensation and employee benefits 94,355 84,434 185,798 170,223
Occupancy and equipment 12,558 11,594 24,852 23,477
Advertising and promotions 4,394 4,362 8,538 8,345
Data processing 9,883 9,387 19,021 18,546
Other real estate owned and foreclosed assets 26 149 89 174
Regulatory assessments and insurance 5,847 5,393 11,381 13,154
Intangibles amortization 3,624 3,017 6,894 5,777
Other expenses 24,432 22,616 49,864 53,099
Total non-interest expense 155,119 140,952 306,437 292,795
Income Before Income Taxes 65,174 54,212 128,663 90,589
Federal and state income tax expense 12,393 9,504 21,314 13,254
Net Income $ 52,781 $ 44,708 $ 107,349 $ 77,335
Basic earnings per share (in dollars per share) $ 0.45 $ 0.39 $ 0.93 $ 0.68
Diluted earnings per share (in dollars per share) 0.45 0.39 0.93 0.68
Dividends declared per share (in dollars per share) $ 0.33 $ 0.33 $ 0.66 $ 0.66
Average outstanding shares - basic (in shares) 116,890,776 113,390,539 115,180,489 112,941,341
Average outstanding shares - diluted (in shares) 116,918,290 113,405,491 115,244,550 112,981,531