​

​

Three Months Ended

​

Six Months Ended

​

​

​

June 30,

​

June 30,

​

(Dollars in thousands)

​

2025

​

2024

​

2025

​

2024

Net Income (GAAP)

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest income

​

$

840,504

​

$

531,124

​

$

1,649,070

​

$

1,048,379

​

Interest expense

​

​

262,556

​

​

180,865

​

​

526,575

​

​

354,184

​

Net interest income (a)

​

​

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

​

Total noninterest income

​

​

​

​

​

​

​

​

​

​

​

​

​

Securities losses, net

​

​

—

​

​

—

​

​

(228,811)

​

​

—

​

Gain on sale-leaseback, net of transaction costs

​

​

—

​

​

—

​

​

229,279

​

​

—

​

Other operating noninterest income

​

​

86,817

​

​

75,225

​

​

172,437

​

​

146,783

​

Total noninterest income

​

​

86,817

​

​

75,225

​

​

172,905

​

​

146,783

​

Total noninterest expense

​

​

​

​

​

​

​

​

​

​

​

​

​

Employee salaries

​

​

135,895

​

​

104,725

​

​

271,623

​

​

210,140

​

Employee commissions

​

​

14,278

​

​

11,122

​

​

25,554

​

​

21,361

​

Employee incentives

​

​

33,623

​

​

26,598

​

​

62,389

​

​

48,351

​

Other salaries and benefits

​

​

36,353

​

​

26,131

​

​

73,318

​

​

54,208

​

Deferred loan costs

​

​

(19,987)

​

​

(17,141)

​

​

(36,911)

​

​

(32,172)

​

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

​

Professional fees

​

​

4,658

​

​

3,906

​

​

9,367

​

​

7,021

​

Amortization of intangibles

​

​

24,048

​

​

5,744

​

​

47,879

​

​

11,742

​

Business development and staff related

​

​

7,182

​

​

5,942

​

​

13,692

​

​

11,464

​

FDIC assessment and other regulatory charges

​

​

11,469

​

​

7,771

​

​

22,727

​

​

16,305

​

Merger and branch consolidation related expense

​

​

24,379

​

​

5,785

​

​

92,385

​

​

10,298

​

FDIC special assessment

​

​

—

​

​

619

​

​

—

​

​

4,473

​

Other operating expense

​

​

31,501

​

​

21,948

​

​

63,347

​

​

44,319

​

Total noninterest expense

​

​

375,061

​

​

248,747

​

​

783,887

​

​

498,037

​

Income before income tax provision

​

​

282,199

​

​

172,848

​

​

403,446

​

​

326,366

​

Income tax provision

​

​

66,975

​

​

40,478

​

​

99,142

​

​

78,940

​

Net income (GAAP)

​

$

215,224

​

$

132,370

​

$

304,304

​

$

247,426

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net Interest Margin, Non-Tax Equivalent ("Non-TE") (GAAP)

​

​

​

​

​

​

​

​

​

​

​

​

​

Average interest earning assets (b)

​

$

57,710,001

​

$

41,011,662

​

$

57,604,313

​

$

40,834,418

​

Net interest margin, non-TE ((a)/(b)) (GAAP)

​

​

4.02%

​

​

3.43%

​

​

3.93%

​

​

3.42%

​