v3.25.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Loans $ 306,433 $ 201,927 $ 506,007 $ 396,625
Securities        
Taxable 24,918 9,258 35,887 18,763
Tax-exempt 3,490 1,152 4,638 2,347
Other 9,057 7,874 17,696 15,655
Total interest income 343,898 220,211 564,228 433,390
Interest expense        
Deposits 111,921 87,621 191,307 170,234
Borrowings 13,118 7,564 19,865 14,840
Total interest expense 125,039 95,185 211,172 185,074
Net interest income 218,859 125,026 353,056 248,316
Provision for credit losses on loans 75,400 4,300 77,450 6,938
Provision for (recovery of) credit losses on unfunded commitments 5,922 (1,000) 8,622 (1,200)
Provision for credit losses 81,322 3,300 86,072 5,738
Net interest income after provision for credit losses 137,537 121,726 266,984 242,578
Noninterest income        
Service charges on deposit accounts 13,618 10,286 23,982 20,792
Fees and commissions 6,650 3,944 10,437 7,893
Insurance commissions 0 2,758 0 5,474
Wealth management revenue 7,345 5,684 14,412 11,353
Mortgage banking income 11,263 9,698 19,410 21,068
Gain on debt extinguishment 0 0 0 56
BOLI income 3,383 2,701 6,312 5,392
Other 6,075 3,691 10,176 8,115
Total noninterest income 48,334 38,762 84,729 80,143
Noninterest expense        
Salaries and employee benefits 99,542 70,731 171,499 142,201
Data processing 5,438 3,945 9,527 7,752
Net occupancy and equipment 17,359 11,844 29,113 23,233
Other real estate owned 157 105 842 212
Professional fees 4,223 3,195 7,107 6,543
Advertising and public relations 4,490 3,807 8,787 8,693
Intangible amortization 8,884 1,186 9,964 2,398
Communications 3,184 2,112 5,217 4,136
Merger and conversion related expenses 20,479 0 21,270 0
Other 19,448 15,051 33,754 29,720
Total noninterest expense 183,204 111,976 297,080 224,888
Income (loss) before income taxes 2,667 48,512 54,633 97,833
Income taxes 1,649 9,666 12,097 19,578
Net income (loss) $ 1,018 $ 38,846 $ 42,536 $ 78,255
Basic earnings per share (in usd per share) $ 0.01 $ 0.69 $ 0.54 $ 1.39
Diluted earnings per share (in usd per share) 0.01 0.69 0.53 1.38
Cash dividends per common share (in usd per share) $ 0.22 $ 0.22 $ 0.44 $ 0.44