v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Common Stock [Member]
Sandy Spring
Morgan Stanley & Co. LLC [Member]
Common Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Sandy Spring
Morgan Stanley & Co. LLC [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Sandy Spring
Morgan Stanley & Co. LLC [Member]
Total
Beginning balance at Dec. 31, 2023   $ 99,147 $ 173   $ 1,782,286 $ 1,018,070 $ (343,349)   $ 2,556,327
Net Income (Loss)           49,769     49,769
Other comprehensive income (loss) (net of taxes)             (30,949)   (30,949)
Dividends on common stock           (24,027)     (24,027)
Dividends on preferred stock           (2,967)     (2,967)
Issuance of common stock under Equity Compensation Plans, for services rendered, and vesting of restricted stock, net of shares held for taxes   252     (2,458)       (2,206)
Stock-based compensation expense         2,981       2,981
Ending balance at Mar. 31, 2024   99,399 173   1,782,809 1,040,845 (374,298)   2,548,928
Beginning balance at Dec. 31, 2023   99,147 173   1,782,286 1,018,070 (343,349)   2,556,327
Net Income (Loss)                 74,930
Other comprehensive income (loss) (net of taxes)             (39,238)   (39,238)
Ending balance at Jun. 30, 2024   118,475 173   2,273,312 1,034,313 (382,587)   3,043,686
Beginning balance at Mar. 31, 2024   99,399 173   1,782,809 1,040,845 (374,298)   2,548,928
Net Income (Loss)           25,161     25,161
Other comprehensive income (loss) (net of taxes)             (8,289)   (8,289)
Value of common stock issued in merger   19,052     486,694       505,746
Dividends on common stock           (28,726)     (28,726)
Dividends on preferred stock           (2,967)     (2,967)
Issuance of common stock under Equity Compensation Plans, for services rendered, and vesting of restricted stock, net of shares held for taxes   24     117       141
Stock-based compensation expense         3,692       3,692
Ending balance at Jun. 30, 2024   118,475 173   2,273,312 1,034,313 (382,587)   3,043,686
Beginning balance at Dec. 31, 2024   118,519 173   2,280,547 1,103,326 (359,686)   3,142,879
Net Income (Loss)           49,818     49,818
Other comprehensive income (loss) (net of taxes)             25,971   25,971
Dividends on common stock           (30,542)     (30,542)
Dividends on preferred stock           (2,967)     (2,967)
Issuance of common stock under Equity Compensation Plans, for services rendered, and vesting of restricted stock, net of shares held for taxes   304     (3,698)       (3,394)
Stock-based compensation expense         3,451       3,451
Ending balance at Mar. 31, 2025   118,823 173   2,280,300 1,119,635 (333,715)   3,185,216
Beginning balance at Dec. 31, 2024   118,519 173   2,280,547 1,103,326 (359,686)   3,142,879
Net Income (Loss)                 69,610
Other comprehensive income (loss) (net of taxes)             38,900   38,900
Ending balance at Jun. 30, 2025   188,454 173   3,876,831 1,087,967 (320,786)   4,832,639
Beginning balance at Mar. 31, 2025   118,823 173   2,280,300 1,119,635 (333,715)   3,185,216
Net Income (Loss)           19,791     19,791
Other comprehensive income (loss) (net of taxes)             12,929   12,929
Issuance of common stock in regard to forward sale settlement $ 15,080     $ 369,883       $ 384,963  
Value of common stock issued in merger   54,530     1,220,717       1,275,247
Dividends on common stock         75        
Dividends on common stock           (48,492)     (48,417)
Dividends on preferred stock           (2,967)     (2,967)
Issuance of common stock under Equity Compensation Plans, for services rendered, and vesting of restricted stock, net of shares held for taxes   21     (2,252)       (2,231)
Stock-based compensation expense         8,108       8,108
Ending balance at Jun. 30, 2025   $ 188,454 $ 173   $ 3,876,831 $ 1,087,967 $ (320,786)   $ 4,832,639