v3.25.2
Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Loans, including fees $ 746,448 $ 478,360 $ 1,471,088 $ 942,048
Investment securities:        
Taxable 68,081 38,747 121,951 78,492
Tax-exempt 6,136 5,769 13,652 11,337
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks 19,839 8,248 42,379 16,502
Total interest income 840,504 531,124 1,649,070 1,048,379
Interest expense:        
Deposits 241,593 165,481 487,550 325,643
Federal funds purchased and securities sold under agreements to repurchase 5,405 4,983 10,314 9,710
Corporate and subordinated debentures 15,558 5,999 28,063 12,008
Other borrowings   4,402 648 6,823
Total interest expense 262,556 180,865 526,575 354,184
Net interest income 577,948 350,259 1,122,495 694,195
Provision for credit losses 7,505 3,889 108,067 16,575
Net interest income after provision for credit losses 570,443 346,370 1,014,428 677,620
Noninterest income:        
Securities losses, net     (228,811)  
Gain on sale-leaseback, net of transaction costs     229,279  
Other income 12,396 15,565 26,637 28,744
Total noninterest income 86,817 75,225 172,905 146,783
Noninterest expense:        
Salaries and employee benefits 200,162 151,435 395,973 301,888
Occupancy expense 41,507 22,453 77,000 45,030
Information services expense 30,155 23,144 61,517 45,497
OREO and loan related expense 2,295 1,307 4,079 1,913
Amortization of intangibles 24,048 5,744 47,879 11,742
Supplies, printing and postage expense 3,970 2,526 7,098 5,066
Professional fees 4,658 3,906 9,367 7,021
FDIC assessment and other regulatory charges 11,469 7,771 22,727 16,305
FDIC special assessment   619   4,473
Advertising and marketing 3,010 2,594 5,300 4,578
Merger, branch consolidation, severance-related, and other expense 24,379 5,785 92,385 10,298
Other expense 29,408 21,463 60,562 44,226
Total noninterest expense 375,061 248,747 783,887 498,037
Earnings:        
Income before provision for income taxes 282,199 172,848 403,446 326,366
Provision for income taxes 66,975 40,478 99,142 78,940
Net income $ 215,224 $ 132,370 $ 304,304 $ 247,426
Earnings per common share:        
Basic (in dollars per share) $ 2.12 $ 1.74 $ 3 $ 3.24
Diluted (in dollars per share) $ 2.11 $ 1.73 $ 2.99 $ 3.23
Weighted average common shares outstanding:        
Basic (in shares) 101,495 76,251 101,453 76,276
Diluted (in shares) 101,845 76,607 101,836 76,630
Fees on deposit accounts        
Noninterest income:        
Noninterest income $ 37,869 $ 33,842 $ 73,802 $ 66,987
Mortgage banking income        
Noninterest income:        
Noninterest income 5,936 5,912 13,673 12,081
Trust and investment services income        
Noninterest income:        
Noninterest income 14,419 11,091 29,351 21,482
Correspondent banking and capital markets income        
Noninterest income:        
Noninterest income 13,767 4,860 23,312 9,171
SBA income        
Noninterest income:        
Noninterest income $ 2,430 $ 3,955 $ 5,662 $ 8,318