v3.25.2
CONSOLIDATED STATEMENTS OF INCOME - 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 $ 201,460 $ 211,760 $ 398,623 $ 413,600
Investment securities        
Taxable 36,243 30,295 70,644 58,591
Tax-exempt 2,233 2,704 4,437 5,796
Total interest on investment securities 38,476 32,999 75,081 64,387
Other earning assets 5,964 7,960 12,615 15,418
Total interest income 245,900 252,719 486,319 493,405
Interest expense        
Deposits 75,484 83,022 154,125 159,097
Short-term borrowings 6,393 11,395 13,938 22,338
Long-term borrowings 5,754 4,991 10,691 9,919
Total interest expense 87,631 99,408 178,754 191,354
Net interest income 158,269 153,311 307,565 302,051
Provision for Credit Losses-loans and leases 9,084 16,157 18,225 29,576
Provision for credit losses-unfunded commitments 718 286 277 (1,973)
Net interest income after provision for credit losses 148,467 136,868 289,063 274,448
Noninterest income        
Service Charges on Deposit Accounts 7,766 7,188 15,229 14,100
Wealth management fees 7,787 7,172 15,924 13,848
Bankcard income 3,737 3,900 7,047 7,042
Client derivative fees 1,674 763 3,245 2,013
Foreign exchange income 13,760 16,787 26,304 27,222
Operating Lease, Lease Income 20,797 16,828 39,500 31,417
Net gains from sales of loans 6,687 4,479 11,009 8,263
Net gain (loss) on investment securities 243 (64) (9,706) (5,251)
Other 5,612 4,448 10,594 9,359
Total noninterest income 68,063 61,501 119,146 108,013
Noninterest expenses        
Salaries and employee benefits 74,917 75,225 150,155 149,262
Net occupancy 5,845 5,793 11,864 11,716
Furniture and equipment 3,441 3,646 7,254 7,334
Data processing 9,020 8,877 17,779 17,182
Marketing 2,737 2,605 4,755 4,567
Communication 681 816 1,493 1,611
Professional services 3,549 2,885 6,288 5,153
State intangible tax 1,517 875 2,394 1,752
FDIC assessments 2,611 2,657 5,670 5,437
Intangible amortization 2,358 2,396 4,717 4,697
Amortization of operating leases 13,155 10,128 25,957 19,882
Other 8,729 7,640 18,198 17,274
Total noninterest expenses 128,671 123,574 256,747 245,929
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 87,859 74,795 151,462 136,532
Income tax expense 17,863 13,990 30,173 25,038
Net income $ 69,996 $ 60,805 $ 121,289 $ 111,494
Earnings per common share        
Basic $ 0.74 $ 0.64 $ 1.28 $ 1.18
Diluted $ 0.73 $ 0.64 $ 1.27 $ 1.17
Average common shares outstanding - basic 94,860,428 94,438,235 94,753,700 94,328,151
Average common shares outstanding - diluted 95,741,696 95,470,093 95,633,579 95,327,045
Investment Program, Proportional Amortization Method, Elected, Equity Method Investment, Income (Loss) from Tax Credit Investment $ 111 $ 31 $ 223 $ 62