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, fee and dividend income        
Interest and fees on loans $ 158,912 $ 136,606 $ 296,964 $ 269,752
Securities available for sale 11,609 7,562 21,871 14,686
Securities held to maturity 4,870 5,190 9,784 10,493
Other 2,186 1,408 3,362 2,772
Total interest, fee and dividend income 177,577 150,766 331,981 297,703
Interest expense        
Deposits 48,219 46,688 90,807 91,027
Short-term borrowings 1,046 2,899 1,912 6,320
Long-term debt 296 291 562 581
Subordinated debt 2,001 1,806 3,823 3,606
Junior subordinated debt 1,795 1,908 3,434 3,821
Total interest expense 53,357 53,592 100,538 105,355
Net interest income 124,220 97,174 231,443 192,348
Provision for loan losses 17,835 8,899 25,389 14,478
Net interest income after provision for loan losses 106,385 88,275 206,054 177,870
Noninterest income        
Service charges on deposit accounts 4,578 4,219 8,821 8,336
Card services income 6,077 5,587 11,394 10,782
Retirement plan administration fees 15,710 14,798 31,568 29,085
Wealth management 10,678 10,173 21,624 19,870
Insurance services 4,097 3,848 8,858 8,236
Bank owned life insurance income 2,180 1,834 5,577 4,186
Net securities gains (losses) 112 (92) 8 2,091
Other 3,500 2,865 6,534 6,038
Total noninterest income 46,932 43,232 94,384 88,624
Noninterest expense        
Salaries and employee benefits 64,155 55,393 124,849 111,097
Technology and data services 10,804 9,249 21,042 18,999
Occupancy 9,038 7,671 18,065 15,769
Professional fees and outside services 5,021 4,565 9,973 9,418
Office supplies and postage 1,871 1,804 3,813 3,669
FDIC assessment 1,820 1,667 3,514 3,402
Advertising 974 873 2,112 1,685
Amortization of intangible assets 3,042 2,133 5,153 4,301
Loan collection and other real estate owned, net 489 715 1,148 1,268
Acquisition expenses 17,180 0 18,401 0
Other 8,216 5,518 14,440 11,753
Total noninterest expense 122,610 89,588 222,510 181,361
Income before income tax expense 30,707 41,919 77,928 85,133
Income tax expense 8,197 9,203 18,673 18,594
Net income $ 22,510 $ 32,716 $ 59,255 $ 66,539
Earnings per share        
Basic (in dollars per share) $ 0.45 $ 0.69 $ 1.21 $ 1.41
Diluted (in dollars per share) $ 0.44 $ 0.69 $ 1.21 $ 1.4