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, including fees $ 173,979 $ 168,365 $ 344,139 $ 336,693
Investment securities:        
Taxable 41,401 37,137 82,333 73,400
Tax-exempt 1,514 1,539 3,041 3,085
Other interest income 4,073 8,631 6,093 14,583
Total interest income 220,967 215,672 435,606 427,761
Interest expense:        
Savings deposits 21,318 20,631 41,768 40,547
Time deposits 25,150 23,450 50,650 44,726
Securities sold under repurchase agreements 4,640 5,319 8,944 10,559
Other borrowings 669 69 2,145 139
Junior subordinated deferrable interest debentures 1,693 1,972 3,383 3,951
Total interest expense 53,470 51,441 106,890 99,922
Net interest income 167,497 164,231 328,716 327,839
Credit loss expense 4,398 8,771 7,727 21,749
Net interest income after provision for credit losses 163,099 155,460 320,989 306,090
Non-interest income:        
Other investments income (loss), net 348 3,049 (910) 4,672
Other income 4,739 4,844 8,933 10,447
Total non-interest income 40,664 43,520 77,667 85,762
Non-interest expense:        
Employee compensation and benefits 38,251 35,629 76,862 71,496
Occupancy 7,270 6,686 13,676 12,363
Depreciation of bank premises and equipment 5,486 5,715 11,099 11,344
Professional fees 4,074 4,212 7,645 7,903
Deposit insurance assessments 1,763 1,696 3,533 3,395
Net operations, other real estate owned 990 297 1,366 327
Advertising 1,732 1,462 3,453 3,282
Software and software maintenance 5,721 5,651 11,131 10,963
Other 12,514 12,760 22,811 22,678
Total non-interest expense 77,801 74,108 151,576 143,751
Income before income taxes 125,962 124,872 247,080 248,101
Provision for income taxes 25,820 27,892 50,046 53,790
Net income $ 100,142 $ 96,980 $ 197,034 $ 194,311
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 62,150,969 62,177,215 62,182,293 62,163,797
Net income per common share (in dollars per share) $ 1.61 $ 1.56 $ 3.17 $ 3.13
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 62,232,768 62,292,058 62,268,705 62,279,676
Net income per common share (in dollars per share) $ 1.61 $ 1.56 $ 3.16 $ 3.12
Service charges on deposit accounts        
Non-interest income:        
Service charges on deposit accounts $ 17,988 $ 18,091 $ 35,655 $ 36,358
Other service charges, commissions and fees, Banking        
Non-interest income:        
Service charges on deposit accounts 14,939 14,643 29,004 29,118
Other service charges, commissions and fees, Non-banking        
Non-interest income:        
Service charges on deposit accounts $ 2,650 $ 2,893 $ 4,985 $ 5,167