Exhibit 99.1
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Old National Bancorp Reports Third Quarter 2025 Results
Evansville, Ind. (October 22, 2025)
Old National Bancorp (NASDAQ: ONB) reports 3Q25 net income applicable to common shares of $178.5 million, diluted EPS of $0.46; $231.3 million and $0.59 on an adjusted1 basis, respectively.
CEO COMMENTARY:
"Old National's outstanding quarterly results reflect our continued focus on the fundamentals and the benefits from our recent partnership with Bremer Bank," said Chairman and CEO Jim Ryan. "Furthermore, with conversion activities related to our Bremer partnership now complete, Old National is exceptionally well positioned for the remainder of 2025 and beyond."
THIRD QUARTER HIGHLIGHTS2:
Net Income
•Net income applicable to common shares of $178.5 million; adjusted net income applicable to common shares1 of $231.3 million
•Earnings per diluted common share ("EPS") of $0.46; adjusted EPS1 of $0.59
Net Interest Income/NIM
•Net interest income on a fully taxable equivalent basis1 of $582.6 million
•Net interest margin on a fully taxable equivalent basis1 ("NIM") of 3.64%, up 11 basis points ("bps")
Operating Performance
•Pre-provision net revenue1 ("PPNR") of $267.3 million; adjusted PPNR1 of $336.6 million, up 16%
•Noninterest expense of $445.7 million; adjusted noninterest expense1 of $376.5 million
•Efficiency ratio1 of 58.8%; adjusted efficiency ratio1 of 48.1%
Deposits and Funding
•Period-end total deposits of $55.0 billion, up 4.8% annualized; core deposits up 5.8% annualized
•Granular low-cost deposit franchise; total deposit costs of 197 bps, up 4 bps
Loans and Credit Quality
•End-of-period total loans3 of $48.0 billion, up 0.6% annualized
◦End-of-period total loans3 up 3.1% annualized excluding loans acquired from Bremer
•Provision for credit losses4 ("provision") of $26.7 million
•Net charge-offs of $30.0 million, or 25 bps of average loans; 17 bps excluding purchased credit deteriorated ("PCD") loans that had an allowance at acquisition
•30+ day delinquencies of 0.18% and nonaccrual loans of 1.23% of total loans
Return Profile & Capital
•Return on average tangible common equity1 ("ROATCE") of 15.9%; adjusted ROATCE1 of 20.1%
•Preliminary regulatory Tier 1 common equity to risk-weighted assets of 11.02%, up 28 bps
Notable Items
•$69.3 million of pre-tax merger-related charges
1 Non-GAAP financial measure that management believes is useful in evaluating the financial results of the Company – refer to the Non-GAAP reconciliations contained in this release 2 Comparisons are on a linked-quarter basis, unless otherwise noted 3 Includes loans held-for-sale 4 Includes the provision for unfunded commitments


RESULTS OF OPERATIONS2
Old National Bancorp reported third quarter 2025 net income applicable to common shares of $178.5 million, or $0.46 per diluted common share.
Included in third quarter results were pre-tax charges of $69.3 million for merger-related expenses. Excluding these items and realized debt securities losses from the current quarter, adjusted net income1 was $231.3 million, or $0.59 per diluted common share.
DEPOSITS AND FUNDING
Growth in core deposits driven by growth from both existing and new commercial clients.
•Period-end total deposits were $55.0 billion, up 4.8% annualized; core deposits up 5.8% annualized.
•On average, total deposits for the third quarter were $54.9 billion, up $5.1 billion.
•Granular low-cost deposit franchise; total deposit costs of 197 bps, up 4 bps.
•A loan to deposit ratio of 87%, combined with existing funding sources, provides strong liquidity.

LOANS
Loan growth driven by strong commercial loan production partially offset by proactive portfolio actions.
•Period-end total loans3 were $48.0 billion, up 0.6% annualized.
◦Excluding loans3 acquired in the Bremer transaction, period-end total loans were up 3.1% annualized.
•Total commercial loan production in the third quarter was $2.8 billion, up 20% from the second quarter of 2025; period-end commercial pipeline totaled $4.2 billion.
•Average total loans in the third quarter were $48.2 billion, an increase of $4.1 billion.

CREDIT QUALITY
Resilient credit quality continues to be a hallmark of Old National.
•Provision4 expense was $26.7 million compared to $106.8 million, or $31.2 million excluding $75.6 million of current expected credit loss ("CECL") Day 1 non-PCD provision expense related to the allowance for credit losses established on acquired non-PCD loans (including unfunded loan commitments) in the Bremer transaction in the second quarter of 2025.
•Net charge-offs were $30.0 million, or 25 bps of average loans, compared to 24 bps in the prior quarter.
◦Excluding PCD loans that had an allowance for credit losses established at acquisition, net charge-offs to average loans were 17 bps compared to 21 bps in the prior quarter.
•30+ day delinquencies as a percentage of loans were 0.18% compared to 0.30%.
•Nonaccrual loans as a percentage of total loans were 1.23% compared to 1.24%.
•The allowance for credit losses, including the allowance for credit losses on unfunded loan commitments, stood at $604.5 million, or 1.26% of total loans, compared to $594.7 million, or 1.24% of total loans.

NET INTEREST INCOME AND MARGIN
Higher reflective of larger balance sheet and higher asset yields.
•Net interest income on a fully taxable equivalent basis1 increased to $582.6 million compared to $521.9 million, driven by the full quarter impact of Bremer, higher asset yields and more days in the quarter, partly offset by higher funding costs.
•Net interest margin on a fully taxable equivalent basis1 increased 11 bps to 3.64%.
•Cost of total deposits was 1.97%, increasing 4 bps and the cost of total interest-bearing deposits increased 5 bps to 2.57%.

NONINTEREST INCOME
Increase driven by full quarter impact of Bremer, organic growth and record capital markets revenue.
•Total noninterest income was $130.5 million compared to $132.5 million, or $111.6 million excluding a $21.0 million pre-tax gain associated with the freezing of benefits of the Bremer pension plan in the second quarter of 2025.
•Excluding the pension plan gain in the second quarter of 2025 and realized debt securities losses, noninterest income was up 16.9% driven by the full quarter impact of Bremer, organic growth and record capital markets revenue.

2

NONINTEREST EXPENSE
Higher reflective of the full quarter impact of Bremer, disciplined expense management drives adjusted efficiency ratio lower.
•Noninterest expense was $445.7 million and included $69.3 million of merger-related charges.
•Excluding merger-related charges, adjusted noninterest expense1 was $376.5 million, compared to $343.6 million, driven by the full quarter impact of Bremer.
•The efficiency ratio1 was 58.8%, while the adjusted efficiency ratio1 was 48.1% compared to 55.8% and 50.2%, respectively.

INCOME TAXES
•Income tax expense was $50.0 million, resulting in an effective tax rate of 21.5% compared to 19.5%. On an adjusted fully taxable equivalent ("FTE") basis, the effective tax rate was 24.0% compared to 24.6%.
◦The effective tax rate for the second quarter of 2025 was impacted by the Bremer transaction.
•Income tax expense included $7.8 million of tax credit benefit compared to $5.8 million.

CAPITAL
Capital ratios remain strong.
•Preliminary total risk-based capital up 19 bps to 12.78% and preliminary regulatory Tier 1 capital up 29 bps to 11.49%, as strong retained earnings drive capital.
•Tangible common equity to tangible assets was 7.53%, up 3.7%.
•The Company repurchased 1.1 million shares of common stock during the quarter.

CONFERENCE CALL AND WEBCAST
Old National will host a conference call and live webcast at 9:00 a.m. Central Time on Wednesday, October 22, 2025, to review third quarter financial results. The live audio webcast link and corresponding presentation slides will be available on the Company’s Investor Relations website at oldnational.com and will be archived there for 12 months. To listen to the live conference call, dial U.S. (800) 715-9871 or International (646) 307-1963, access code 9394540. The telephone replay will be available approximately one hour after completion of the call until midnight Eastern Time on November 5, 2025. To access the replay, dial U.S. (800) 770-2030 or International (609) 800-9909; Access code 9394540.
ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $71 billion of assets and $38 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" - an honor reserved for the 50 most community-minded companies in the United States.
USE OF NON-GAAP FINANCIAL MEASURES
The Company's accounting and reporting policies conform to U.S. generally accepted accounting principles ("GAAP") and general practices within the banking industry. As a supplement to GAAP, the Company provides non-GAAP performance results, which the Company believes are useful because they assist investors in assessing the Company's operating performance. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables at the end of this release.
The Company presents EPS, the efficiency ratio, return on average common equity, return on average tangible common equity, and net income applicable to common shares, all adjusted for certain notable items. These items include merger-related charges associated with completed and pending acquisitions, CECL Day 1 non-PCD provision expense, a pension plan gain, debt securities gains/losses, separation expense, distribution of excess pension assets expense, and FDIC special assessment expense. Management believes excluding these items from EPS, the efficiency ratio, return on average common equity, and return on average tangible common equity may be useful in assessing the Company's underlying operational performance since these items do not pertain to its core business operations and their exclusion
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may facilitate better comparability between periods. Management believes that excluding merger-related charges from these metrics may be useful to the Company, as well as analysts and investors, since these expenses can vary significantly based on the size, type, and structure of each acquisition. Additionally, management believes excluding these items from these metrics may enhance comparability for peer comparison purposes.
Income tax expense, provision for credit losses, and the certain notable items listed above are excluded from the calculation of pre-provision net revenues, adjusted due to the fluctuation in income before income tax and the level of provision for credit losses required. Management believes adjusted pre-provision net revenues may be useful in assessing the Company's underlying operating performance and their exclusion may facilitate better comparability between periods and for peer comparison purposes.
The Company presents adjusted noninterest expense, which excludes merger-related charges associated with completed and pending acquisitions, separation expense, distribution of excess pension assets expense, and FDIC special assessment expense, as well as adjusted noninterest income, which excludes a pension plan gain and debt securities gains/losses. Management believes that excluding these items from noninterest expense and noninterest income may be useful in assessing the Company’s underlying operational performance as these items either do not pertain to its core business operations or their exclusion may facilitate better comparability between periods and for peer comparison purposes.
The tax-equivalent adjustment to net interest income and net interest margin recognizes the income tax savings when comparing taxable and tax-exempt assets. Interest income and yields on tax-exempt securities and loans are presented using the current federal income tax rate of 21%. Management believes that it is standard practice in the banking industry to present net interest income and net interest margin on a fully tax-equivalent basis and that it may enhance comparability for peer comparison purposes.
In management's view, tangible common equity measures are capital adequacy metrics that may be meaningful to the Company, as well as analysts and investors, in assessing the Company's use of equity and in facilitating comparisons with peers. These non-GAAP measures are valuable indicators of a financial institution's capital strength since they eliminate intangible assets from stockholders' equity and retain the effect of accumulated other comprehensive loss in stockholders' equity.
Although intended to enhance investors' understanding of the Company's business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. In addition, these non-GAAP financial measures may differ from those used by other financial institutions to assess their business and performance. See the following reconciliations in the "Non-GAAP Reconciliations" section for details on the calculation of these measures to the extent presented herein.
FORWARD-LOOKING STATEMENTS
This earnings release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), Section 27A of the Securities Act of 1933 and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934 and Rule 3b-6 promulgated thereunder, notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission ("SEC"), in press releases, and in oral and written statements made by us that are not statements of historical fact and constitute forward‐looking statements within the meaning of the Act. These statements include, but are not limited to, descriptions of Old National’s financial condition, results of operations, asset and credit quality trends, profitability and business plans or opportunities. Forward-looking statements can be identified by the use of words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "guidance," "intend," "may," "outlook," "plan," "potential," "predict," "should," "would," and "will," and other words of similar meaning. These forward-looking statements express management’s current expectations or forecasts of future events and, by their nature, are subject to risks and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those in such statements, including, but not limited to: competition; government legislation, regulations and policies, including trade and tariff policies; the ability of Old National to execute its business plan; unanticipated changes in our liquidity position, including but not limited to changes in our access to sources of liquidity and capital to address our liquidity needs; changes in economic conditions and economic and business uncertainty which could materially impact credit quality trends and the ability to generate loans and gather deposits; inflation and governmental responses to inflation, including increasing interest rates; market, economic, operational, liquidity, credit, and interest rate risks associated with our business; our ability to successfully manage our credit risk and the sufficiency of our allowance for credit losses; the expected cost savings, synergies and other financial benefits from the merger (the “Merger”) between Old National and
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Bremer not being realized within the expected time frames and costs or difficulties relating to integration matters being greater than expected; potential adverse reactions or changes to business or employee relationships, including those resulting from the Merger; the impact of purchase accounting with respect to the Merger, or any change in the assumptions used regarding the assets acquired and liabilities assumed to determine their fair value and credit marks; the potential impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, the success of revenue-generating and cost reduction initiatives and the diversion of management’s attention from ongoing business operations and opportunities; failure or circumvention of our internal controls; operational risks or risk management failures by us or critical third parties, including without limitation with respect to data processing, information systems, cybersecurity, technological changes, vendor issues, business interruption, and fraud risks; significant changes in accounting, tax or regulatory practices or requirements; new legal obligations or liabilities; disruptive technologies in payment systems and other services traditionally provided by banks; failure or disruption of our information systems; computer hacking and other cybersecurity threats; the effects of climate change on Old National and its customers, borrowers, or service providers; the impacts of pandemics, epidemics and other infectious disease outbreaks; other matters discussed in this earnings release; and other factors identified in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. These forward-looking statements are based on assumptions and estimates, which although believed to be reasonable, may turn out to be incorrect. Old National does not undertake an obligation to update these forward-looking statements to reflect events or conditions after the date of this earnings release. You are advised to consult further disclosures we may make on related subjects in our filings with the SEC.

CONTACTS:
Media: Rick JillsonInvestors: Lynell Durchholz
(812) 465-7267(812) 464-1366
Rick.Jillson@oldnational.com
Lynell.Durchholz@oldnational.com
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Financial Highlights (unaudited)
($ and shares in thousands, except per share data)
Three Months EndedNine Months Ended
September 30,June 30,March 31,December 31,September 30,September 30,September 30,
2025202520252024202420252024
Income Statement
Net interest income$574,609 $514,790 $387,643 $394,180 $391,724 $1,477,042 $1,136,603 
FTE adjustment1,3
7,975 7,063 5,360 5,777 6,144 20,398 18,737 
Net interest income - tax equivalent basis3
582,584 521,853 393,003 399,957 397,868 1,497,440 1,155,340 
Provision for credit losses26,738 106,835 31,403 27,017 28,497 164,976 83,602 
Noninterest income130,461 132,517 93,794 95,766 94,138 356,772 258,931 
Noninterest expense445,734 384,766 268,471 276,824 272,283 1,098,971 817,599 
Net income available to common shareholders$178,533 $121,375 $140,625 $149,839 $139,768 $440,533 $373,214 
Per Common Share Data
Weighted average diluted shares390,496 361,436 321,016 318,803 317,331 357,278 308,605 
EPS, diluted$0.46 $0.34 $0.44 $0.47 $0.44 $1.23 $1.21 
Cash dividends0.14 0.14 0.14 0.14 0.14 0.42 0.42 
Dividend payout ratio2
30 %41 %32 %30 %32 %34 %35 %
Book value$20.64 $20.12 $19.71 $19.11 $19.20 $20.64 $19.20 
Stock price21.95 21.34 21.19 21.71 18.66 21.95 18.66 
Tangible book value3
13.15 12.60 12.54 11.91 11.97 13.15 11.97 
Performance Ratios
ROAA1.03 %0.77 %1.08 %1.14 %1.08 %0.95 %0.99 %
ROAE9.0 %6.7 %9.1 %9.8 %9.4 %8.3 %8.8 %
ROATCE3
15.9 %12.0 %15.0 %16.4 %16.0 %14.3 %15.0 %
NIM (FTE)3
3.64 %3.53 %3.27 %3.30 %3.32 %3.50 %3.31 %
Efficiency ratio3
58.8 %55.8 %53.7 %54.4 %53.8 %56.4 %56.4 %
NCOs to average loans0.25 %0.24 %0.24 %0.21 %0.19 %0.24 %0.16 %
ACL on loans to EOP loans1.19 %1.18 %1.10 %1.08 %1.05 %1.19 %1.05 %
ACL4 to EOP loans
1.26 %1.24 %1.16 %1.14 %1.12 %1.26 %1.12 %
NPLs to EOP loans1.23 %1.24 %1.29 %1.23 %1.22 %1.23 %1.22 %
Balance Sheet (EOP)
Total loans$47,967,915$47,902,819$36,413,944$36,285,887$36,400,643$47,967,915$36,400,643
Total assets71,210,16270,979,80553,877,94453,552,27253,602,29371,210,16253,602,293
Total deposits55,006,18454,357,68341,034,57240,823,56040,845,74655,006,18440,845,746
Total borrowed funds6,766,3817,346,0985,447,0545,411,5375,449,0966,766,3815,449,096
Total shareholders' equity8,309,2718,126,3876,534,6546,340,3506,367,2988,309,2716,367,298
Capital Ratios3
Risk-based capital ratios (EOP):
Tier 1 common equity11.02 %10.74 %11.62 %11.38 %11.00 %11.02 %11.00 %
Tier 1 capital11.49 %11.20 %12.23 %11.98 %11.60 %11.49 %11.60 %
Total capital12.78 %12.59 %13.68 %13.37 %12.94 %12.78 %12.94 %
Leverage ratio (average assets)8.72 %9.26 %9.44 %9.21 %9.05 %8.72 %9.05 %
Equity to assets (averages)11.48 %11.38 %12.01 %11.78 %11.60 %11.59 %11.41 %
TCE to TA7.53 %7.26 %7.76 %7.41 %7.44 %7.53 %7.44 %
Nonfinancial Data
Full-time equivalent employees 5,2435,3134,0284,0664,1055,2434,105
Banking centers351351280280280351280
1 Calculated using the federal statutory tax rate in effect of 21% for all periods.
2 Cash dividends per common share divided by net income per common share (basic).
3 Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures.
4 Includes the allowance for credit losses on loans and unfunded loan commitments.
September 30, 2025 capital ratios are preliminary.
FTE - Fully taxable equivalent basis ROAA - Return on average assets ROAE - Return on average equity ROATCE - Return on average tangible common equity NCOs - Net Charge-offs ACL - Allowance for Credit Losses EOP - End of period actual balances NPLs - Non-performing Loans TCE - Tangible common equity TA - Tangible assets
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Income Statement (unaudited)
($ and shares in thousands, except per share data)
Three Months EndedNine Months Ended
September 30,June 30,March 31,December 31,September 30,September 30,September 30,
2025202520252024202420252024
Interest income$917,192 $824,961 $630,399 $662,082 $679,925 $2,372,552 $1,939,569 
Less: interest expense342,583 310,171 242,756 267,902 288,201 895,510 802,966 
 Net interest income574,609 514,790 387,643 394,180 391,724 1,477,042 1,136,603 
Provision for credit losses26,738 106,835 31,403 27,017 28,497 164,976 83,602 
 Net interest income
  after provision for credit losses		547,871 407,955 356,240 367,163 363,227 1,312,066 1,053,001 
Wealth and investment services fees39,684 35,817 29,648 30,012 29,117 105,149 86,779 
Service charges on deposit accounts27,856 23,878 21,156 20,577 20,350 72,890 57,598 
Debit card and ATM fees13,197 12,922 9,991 10,991 11,362 36,110 32,409 
Mortgage banking revenue10,442 10,032 6,879 7,026 7,669 27,353 19,211 
Capital markets income12,629 7,114 4,506 5,244 7,426 24,249 15,055 
Company-owned life insurance7,565 6,625 5,381 6,499 5,315 19,571 14,488 
Other income19,081 36,170 16,309 15,539 12,975 71,560 33,481 
Debt securities gains (losses), net7 (41)(76)(122)(76)(110)(90)
Total noninterest income130,461 132,517 93,794 95,766 94,138 356,772 258,931 
Salaries and employee benefits211,345 202,112 148,305 146,605 147,494 561,762 456,490 
Occupancy34,442 30,432 29,053 29,733 27,130 93,927 80,696 
Equipment12,703 12,566 8,901 9,325 9,888 34,170 27,263 
Marketing15,093 13,759 11,940 12,653 11,036 40,792 32,954 
Technology36,122 31,452 22,020 21,429 23,343 89,594 67,368 
Communication7,742 5,014 4,134 4,176 4,681 16,890 13,161 
Professional fees13,598 21,931 7,919 11,055 7,278 43,448 24,236 
FDIC assessment14,095 13,409 9,700 11,970 11,722 37,204 32,711 
Amortization of intangibles26,184 19,630 6,830 7,237 7,411 52,644 20,291 
Amortization of tax credit investments7,057 5,815 3,424 4,556 3,277 16,296 8,773 
Other expense67,353 28,646 16,245 18,085 19,023 112,244 53,656 
 Total noninterest expense445,734 384,766 268,471 276,824 272,283 1,098,971 817,599 
  Income before income taxes232,598 155,706 181,563 186,105 185,082 569,867 494,333 
  Income tax expense50,031 30,298 36,904 32,232 41,280 117,233 109,018 
Net income$182,567 $125,408 $144,659 $153,873 $143,802 $452,634 $385,315 
 Preferred dividends(4,034)(4,033)(4,034)(4,034)(4,034)(12,101)(12,101)
Net income applicable to common shares$178,533 $121,375 $140,625 $149,839 $139,768 $440,533 $373,214 
EPS, diluted$0.46 $0.34 $0.44 $0.47 $0.44 $1.23 $1.21 
Weighted Average Common Shares Outstanding
    Basic389,038360,155315,925315,673315,622355,307307,426
    Diluted390,496361,436321,016318,803317,331357,278308,605
Common shares outstanding (EOP)390,768391,818319,236318,980318,955390,768318,955
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End of Period Balance Sheet (unaudited)
($ in thousands)
September 30,June 30,March 31,December 31,September 30,
20252025202520242024
Assets
Cash and due from banks$491,910 $637,556 $486,061 $394,450 $498,120 
Money market and other interest-earning investments1,190,707 1,171,015 753,719 833,518 693,450 
Investments:
Treasury and government-sponsored agencies2,402,375 2,445,733 2,364,170 2,289,903 2,335,716 
Mortgage-backed securities10,117,015 9,632,206 6,458,023 6,175,103 6,085,826 
States and political subdivisions1,579,802 1,590,272 1,589,555 1,637,379 1,665,128 
Other securities849,911 852,687 755,348 781,656 783,079 
Total investments14,949,103 14,520,898 11,167,096 10,884,041 10,869,749 
Loans held-for-sale, at fair value80,341 77,618 40,424 34,483 62,376 
Loans:
Commercial14,506,375 14,662,916 10,650,615 10,288,560 10,408,095 
Commercial and agriculture real estate22,083,734 21,879,785 16,135,327 16,307,486 16,356,216 
Residential real estate8,190,127 8,212,242 6,771,694 6,797,586 6,757,896 
Consumer3,187,679 3,147,876 2,856,308 2,892,255 2,878,436 
Total loans47,967,915 47,902,819 36,413,944 36,285,887 36,400,643 
Allowance for credit losses on loans(572,178)(565,109)(401,932)(392,522)(380,840)
Premises and equipment, net691,950 682,539 584,664 588,970 599,528 
Goodwill and other intangible assets2,926,960 2,944,372 2,289,268 2,296,098 2,305,084 
Company-owned life insurance1,044,780 1,046,693 859,211 859,851 863,723 
Accrued interest receivable and other assets 2,438,674 2,561,404 1,685,489 1,767,496 1,690,460 
Total assets$71,210,162 $70,979,805 $53,877,944 $53,552,272 $53,602,293 
Liabilities and Equity
Noninterest-bearing demand deposits$12,691,658 $12,652,556 $9,186,314 $9,399,019 $9,429,285 
Interest-bearing:
Checking and NOW accounts9,669,551 9,194,738 7,736,014 7,538,987 7,314,245 
Savings accounts4,958,555 5,058,819 4,715,329 4,753,279 4,781,447 
Money market accounts16,739,884 16,564,125 11,638,653 11,807,228 11,601,461 
Other time deposits7,767,698 7,613,377 6,212,898 5,819,970 6,010,070 
Total core deposits51,827,346 51,083,615 39,489,208 39,318,483 39,136,508 
Brokered deposits3,178,838 3,274,068 1,545,364 1,505,077 1,709,238 
Total deposits55,006,184 54,357,683 41,034,572 40,823,560 40,845,746 
Federal funds purchased and interbank borrowings1 340,246 170 385 135,263 
Securities sold under agreements to repurchase277,594 297,637 290,256 268,975 244,626 
Federal Home Loan Bank advances5,663,361 5,835,918 4,514,354 4,452,559 4,471,153 
Other borrowings825,425 872,297 642,274 689,618 598,054 
Total borrowed funds6,766,381 7,346,098 5,447,054 5,411,537 5,449,096 
Accrued expenses and other liabilities1,128,326 1,149,637 861,664 976,825 940,153 
Total liabilities62,900,891 62,853,418 47,343,290 47,211,922 47,234,995 
Preferred stock, common stock, surplus, and retained earnings8,833,662 8,725,995 7,183,163 7,086,393 6,971,054 
Accumulated other comprehensive income (loss), net of tax(524,391)(599,608)(648,509)(746,043)(603,756)
Total shareholders' equity8,309,271 8,126,387 6,534,654 6,340,350 6,367,298 
Total liabilities and shareholders' equity$71,210,162 $70,979,805 $53,877,944 $53,552,272 $53,602,293 
8

Average Balance Sheet and Interest Rates (unaudited)
($ in thousands)
Three Months EndedThree Months EndedThree Months Ended
September 30, 2025June 30, 2025September 30, 2024
Average
Income1/
Yield/Average
Income1/
Yield/Average
Income1/
Yield/
Earning Assets:BalanceExpenseRateBalanceExpenseRateBalanceExpenseRate
Money market and other interest-earning investments$1,159,564 $12,207 4.18 %$1,424,700 $14,791 4.16 %$904,176 $11,696 5.15 %
Investments:
Treasury and government-sponsored agencies2,391,564 20,721 3.47 %2,396,691 20,820 3.47 %2,255,629 21,851 3.87 %
Mortgage-backed securities9,854,107 105,596 4.29 %8,567,318 87,734 4.10 %5,977,058 48,425 3.24 %
States and political subdivisions1,577,384 13,109 3.32 %1,596,899 13,402 3.36 %1,668,454 14,042 3.37 %
Other securities874,728 16,265 7.44 %970,581 15,770 6.50 %785,107 12,547 6.39 %
Total investments14,697,783 155,691 4.24 %13,531,489 137,726 4.07 %10,686,248 96,865 3.63 %
Loans:2
Commercial14,722,785 249,569 6.78 %13,240,876 219,446 6.63 %10,373,340 183,878 7.09 %
Commercial and agriculture real estate21,999,016 356,014 6.47 %20,022,403 316,422 6.32 %16,216,842 274,832 6.78 %
Residential real estate loans8,287,155 95,129 4.59 %7,792,440 88,852 4.56 %6,833,597 67,084 3.93 %
Consumer3,166,508 56,557 7.09 %3,049,341 54,787 7.21 %2,891,260 51,714 7.12 %
Total loans48,175,464 757,269 6.28 %44,105,060 679,507 6.16 %36,315,039 577,508 6.36 %
Total earning assets$64,032,811 $925,167 5.78 %$59,061,249 $832,024 5.64 %$47,905,463 $686,069 5.73 %
Less: Allowance for credit losses on loans(566,102)(404,871)(366,667)
Non-earning Assets:
Cash and due from banks$492,415 $426,513 $413,583 
Other assets7,177,663 6,403,239 5,394,032 
Total assets$71,136,787 $65,486,130 $53,346,411 
Interest-Bearing Liabilities:
Checking and NOW accounts$9,382,625 $36,221 1.53 %$8,594,591 $29,291 1.37 %$7,551,264 $29,344 1.55 %
Savings accounts5,009,293 3,866 0.31 %4,968,232 3,777 0.30 %4,860,161 5,184 0.42 %
Money market accounts16,674,801 121,886 2.90 %15,055,735 110,933 2.96 %11,064,433 106,148 3.82 %
Other time deposits7,723,441 73,247 3.76 %7,092,124 67,204 3.80 %5,928,241 64,435 4.32 %
Total interest-bearing core deposits38,790,160 235,220 2.41 %35,710,682 211,205 2.37 %29,404,099 205,111 2.78 %
Brokered deposits3,371,269 37,381 4.40 %2,530,726 28,883 4.58 %1,829,218 24,616 5.35 %
Total interest-bearing deposits42,161,429 272,601 2.57 %38,241,408 240,088 2.52 %31,233,317 229,727 2.93 %
Federal funds purchased and interbank borrowings157,192 1,816 4.58 %88,603 953 4.31 %14,549 292 7.98 %
Securities sold under agreements to repurchase289,323 731 1.00 %295,948 636 0.86 %239,524 612 1.02 %
Federal Home Loan Bank advances5,552,780 57,143 4.08 %6,037,462 59,042 3.92 %4,572,046 47,719 4.15 %
Other borrowings871,996 10,292 4.68 %828,214 9,452 4.58 %754,544 9,851 5.19 %
Total borrowed funds6,871,291 69,982 4.04 %7,250,227 70,083 3.88 %5,580,663 58,474 4.17 %
Total interest-bearing liabilities$49,032,720 $342,583 2.77 %$45,491,635 $310,171 2.73 %$36,813,980 $288,201 3.11 %
Noninterest-Bearing Liabilities and Shareholders' Equity
Demand deposits$12,731,654 $11,568,854 $9,371,698 
Other liabilities1,203,838 973,525 970,662 
Shareholders' equity8,168,575 7,452,116 6,190,071 
Total liabilities and shareholders' equity$71,136,787 $65,486,130 $53,346,411 
Net interest rate spread3.01 %2.91 %2.62 %
Net interest margin (GAAP)3.59 %3.49 %3.27 %
Net interest margin (FTE)3
3.64 %3.53 %3.32 %
FTE adjustment$7,975 $7,063 $6,144 
1 Interest income is reflected on a FTE basis.
2 Includes loans held-for-sale.
3 Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures.
9

Average Balance Sheet and Interest Rates (unaudited)
($ in thousands)
Nine Months EndedNine Months Ended
September 30, 2025September 30, 2024
Average
Income1/
Yield/Average
Income1/
Yield/
Earning Assets:BalanceExpenseRateBalanceExpenseRate
Money market and other interest-earning investments$1,126,460 $35,813 4.25 %$825,743 $32,992 5.34 %
Investments:
Treasury and government-sponsored agencies2,369,307 61,560 3.46 %2,275,607 66,648 3.91 %
Mortgage-backed securities8,249,480 247,853 4.01 %5,721,725 135,217 3.15 %
States and political subdivisions1,594,912 39,753 3.32 %1,678,504 42,308 3.36 %
Other securities872,430 42,547 6.50 %781,385 37,303 6.37 %
Total investments$13,086,129 $391,713 3.99 %$10,457,221 $281,476 3.59 %
Loans:2
Commercial12,803,059 634,610 6.61 %10,087,322 534,566 7.07 %
Commercial and agriculture real estate19,432,867 918,371 6.30 %15,488,010 765,325 6.59 %
Residential real estate loans7,636,955 251,629 4.39 %6,826,809 197,770 3.86 %
Consumer3,030,102 160,814 7.10 %2,815,837 146,177 6.93 %
Total loans42,902,983 1,965,424 6.11 %35,217,978 1,643,838 6.22 %
Total earning assets$57,115,572 $2,392,950 5.59 %$46,500,942 $1,958,306 5.62 %
Less: Allowance for credit losses on loans(457,192)(337,168)
Non-earning Assets:
Cash and due from banks$430,891 $402,213 
Other assets6,331,698 5,232,807 
Total assets$63,420,969 $51,798,794 
Interest-Bearing Liabilities:
Checking and NOW accounts$8,507,970 $89,362 1.40 %$7,627,029 $88,994 1.56 %
Savings accounts4,891,083 11,251 0.31 %4,976,361 15,455 0.41 %
Money market accounts14,483,414 321,200 2.97 %10,571,821 302,921 3.83 %
Other time deposits6,943,552 196,936 3.79 %5,327,361 168,453 4.22 %
Total interest-bearing core deposits34,826,019 618,749 2.38 %28,502,572 575,823 2.70 %
Brokered deposits2,489,600 84,435 4.53 %1,375,231 55,149 5.36 %
Total interest-bearing deposits37,315,619 703,184 2.52 %29,877,803 630,972 2.82 %
Federal funds purchased and interbank borrowings131,341 4,394 4.47 %77,262 3,239 5.60 %
Securities sold under agreements to repurchase286,137 1,918 0.90 %261,818 2,168 1.11 %
Federal Home Loan Bank advances5,355,597 158,081 3.95 %4,477,851 133,529 3.98 %
Other borrowings792,708 27,933 4.71 %823,746 33,058 5.36 %
Total borrowed funds6,565,783 192,326 3.92 %5,640,677 171,994 4.07 %
Total interest-bearing liabilities43,881,402 895,510 2.73 %35,518,480 802,966 3.02 %
Noninterest-Bearing Liabilities and Shareholders' Equity
Demand deposits$11,145,709 $9,396,081 
Other liabilities1,041,715 971,687 
Shareholders' equity7,352,143 5,912,546 
Total liabilities and shareholders' equity$63,420,969 $51,798,794 
Net interest rate spread2.86 %2.60 %
Net interest margin (GAAP)3.45 %3.26 %
Net interest margin (FTE)3
3.50 %3.31 %
FTE adjustment$20,398 $18,737 
1 Interest income is reflected on a FTE.
2 Includes loans held-for-sale.
3 Represents a non-GAAP financial measure. Refer to the "Non-GAAP Measures" table for reconciliations to GAAP financial measures.

10

Asset Quality (EOP) (unaudited)
($ in thousands)
Three Months EndedNine Months Ended
September 30,June 30,March 31,December 31,September 30,September 30,September 30,
2025202520252024202420252024
Allowance for credit losses:
Beginning allowance for credit losses on loans$565,109 $401,932 $392,522 $380,840 $366,335 $392,522 $307,610 
Allowance established for acquired PCD loans13,104 90,442 — — 2,803 103,546 26,725 
Provision for credit losses on loans24,003 99,263 31,026 30,417 29,176 154,292 89,774 
Gross charge-offs(35,402)(29,954)(24,540)(21,278)(18,965)(89,896)(50,026)
Gross recoveries5,364 3,426 2,924 2,543 1,491 11,714 6,757 
NCOs(30,038)(26,528)(21,616)(18,735)(17,474)(78,182)(43,269)
Ending allowance for credit losses on loans$572,178 $565,109 $401,932 $392,522 $380,840 $572,178 $380,840 
Beginning allowance for credit losses on unfunded commitments$29,603 $22,031 $21,654 $25,054 $25,733 $21,654 $31,226 
Provision (release) for credit losses on unfunded commitments2,735 7,572 377 (3,400)(679)10,684 (6,172)
Ending allowance for credit losses on unfunded commitments$32,338 $29,603 $22,031 $21,654 $25,054 $32,338 $25,054 
Allowance for credit losses$604,516 $594,712 $423,963 $414,176 $405,894 $604,516 $405,894 
Provision for credit losses on loans$24,003 $99,263 $31,026 $30,417 $29,176 $154,292 $89,774 
Provision (release) for credit losses on unfunded commitments2,735 7,572 377 (3,400)(679)10,684 (6,172)
Provision for credit losses$26,738 $106,835 $31,403 $27,017 $28,497 $164,976 $83,602 
NCOs / average loans1
0.25 %0.24 %0.24 %0.21 %0.19 %0.24 %0.16 %
Average loans1
$48,153,186 $44,075,472 $36,284,059 $36,410,414 $36,299,544 $42,881,049 $35,202,727 
EOP loans1
47,967,915 47,902,819 36,413,944 36,285,887 36,400,643 47,967,915 36,400,643 
ACL on loans / EOP loans1
1.19 %1.18 %1.10 %1.08 %1.05 %1.19 %1.05 %
ACL / EOP loans1
1.26 %1.24 %1.16 %1.14 %1.12 %1.26 %1.12 %
Underperforming Assets:
Loans 90 days and over (still accruing)$1,525 $16,893 $6,757 $4,060 $1,177 $1,525 $1,177 
Nonaccrual loans590,820 594,709 469,211 447,979 443,597 590,820 443,597 
Foreclosed assets6,325 7,986 6,301 4,294 4,077 6,325 4,077 
Total underperforming assets$598,670 $619,588 $482,269 $456,333 $448,851 $598,670 $448,851 
Classified and Criticized Assets:
Nonaccrual loans$590,820 $594,709 $469,211 $447,979 $443,597 $590,820 $443,597 
Substandard loans (still accruing)1,881,294 1,969,260 1,479,630 1,073,413 1,074,243 1,881,294 1,074,243 
Loans 90 days and over (still accruing)1,525 16,893 6,757 4,060 1,177 1,525 1,177 
Total classified loans - "problem loans"2,473,639 2,580,862 1,955,598 1,525,452 1,519,017 2,473,639 1,519,017 
Other classified assets35,373 43,495 53,239 58,954 59,485 35,373 59,485 
Special Mention893,109 1,008,716 828,314 908,630 837,543 893,109 837,543 
Total classified and criticized assets$3,402,121 $3,633,073 $2,837,151 $2,493,036 $2,416,045 $3,402,121 $2,416,045 
Loans 30-89 days past due (still accruing)$83,030 $128,771 $72,517 $93,141 $91,750 $83,030 $91,750 
Nonaccrual loans / EOP loans1
1.23 %1.24 %1.29 %1.23 %1.22 %1.23 %1.22 %
ACL / nonaccrual loans102 %100 %90 %92 %92 %102 %92 %
Under-performing assets/EOP loans1
1.25 %1.29 %1.32 %1.26 %1.23 %1.25 %1.23 %
Under-performing assets/EOP assets0.84 %0.87 %0.90 %0.85 %0.84 %0.84 %0.84 %
30+ day delinquencies/EOP loans1
0.18 %0.30 %0.22 %0.27 %0.26 %0.18 %0.26 %
1 Excludes loans held-for-sale.
    
11

Non-GAAP Measures (unaudited)
($ and shares in thousands, except per share data)
Three Months EndedNine Months Ended
September 30,June 30,March 31,December 31,September 30,September 30,September 30,
2025202520252024202420252024
Earnings Per Share:
Net income applicable to common shares$178,533 $121,375 $140,625 $149,839 $139,768 $440,533 $373,214 
Adjustments:
Merger-related charges69,274 41,206 5,856 8,117 6,860 116,336 29,208 
Tax effect1
(16,494)(11,337)(1,089)(2,058)(1,528)(28,921)(6,651)
Merger-related charges, net52,780 29,869 4,767 6,059 5,332 87,415 22,557 
CECL Day 1 non-PCD provision expense— 75,604 — — — 75,604 15,312 
Tax effect1
— (20,802)— — — (20,802)(3,476)
CECL Day 1 non-PCD provision expense, net— 54,802 — — — 54,802 11,836 
Pension plan gain— (21,001)— — — (21,001)— 
Tax effect1
— 5,778 — — — 5,778 — 
Pension plan gain, net— (15,223)— — — (15,223)— 
Debt securities (gains) losses(7)41 76 122 76 110 90 
Tax effect1
2 (11)(14)(31)(17)(24)(20)
Debt securities (gains) losses, net(5)30 62 91 59 86 70 
Separation expense— — — — 2,646 — 2,646 
Tax effect1
— — — — (589)— (589)
Separation expense, net— — — — 2,057 — 2,057 
Distribution of excess pension assets— — — — — — — 13,318 
Tax effect1
— — — — — — — (3,250)
Distribution excess pension assets, net— — — — — — 10,068 
FDIC special assessment— — — — — — 2,994 
Tax effect1
— — — — — — (731)
FDIC special assessment, net— — — — — — 2,263 
Total adjustments, net52,775 69,478 4,829 6,150 7,448 127,080 48,851 
Net income applicable to common shares, adjusted$231,308 $190,853 $145,454 $155,989 $147,216 $567,613 $422,065 
Weighted average diluted common shares outstanding390,496 361,436 321,016 318,803 317,331 357,278 308,605 
EPS, diluted$0.46 $0.34 $0.44 $0.47 $0.44 $1.23 $1.21 
Adjusted EPS, diluted$0.59 $0.53 $0.45 $0.49 $0.46 $1.59 $1.37 
NIM:
Net interest income$574,609 $514,790 $387,643 $394,180 $391,724 $1,477,042 $1,136,603 
Add: FTE adjustment2
7,975 7,063 5,360 5,777 6,144 20,398 18,737 
Net interest income (FTE)$582,584 $521,853 $393,003 $399,957 $397,868 $1,497,440 $1,155,340 
Average earning assets$64,032,811 $59,061,249 $48,077,320 $48,411,803 $47,905,463 $57,115,572 $46,500,942 
NIM (GAAP)3.59 %3.49 %3.23 %3.26 %3.27 %3.45 %3.26 %
NIM (FTE)3.64 %3.53 %3.27 %3.30 %3.32 %3.50 %3.31 %
Refer to last page of Non-GAAP reconciliations for footnotes.
12

Non-GAAP Measures (unaudited)
($ in thousands)
Three Months EndedNine Months Ended
September 30,June 30,March 31,December 31,September 30,September 30,September 30,
2025202520252024202420252024
PPNR:
Net interest income (FTE)2
$582,584 $521,853 $393,003 $399,957 $397,868 $1,497,440 $1,155,340 
Add: Noninterest income130,461 132,517 93,794 95,766 94,138 356,772 258,931 
Total revenue (FTE)713,045 654,370 486,797 495,723 492,006 1,854,212 1,414,271 
Less: Noninterest expense(445,734)(384,766)(268,471)(276,824)(272,283)(1,098,971)(817,599)
PPNR$267,311 $269,604 $218,326 $218,899 $219,723 $755,241 $596,672 
Adjustments:
Pension plan termination gain$— $(21,001)$— $— $— $(21,001)$— 
Debt securities (gains) losses$(7)$41 $76 $122 $76 $110 $90 
Noninterest income adjustments(7)(20,960)76 122 76 (20,891)90 
Adjusted noninterest income130,454 111,557 93,870 95,888 94,214 335,881 259,021 
Adjusted revenue$713,038 $633,410 $486,873 $495,845 $492,082 $1,833,321 $1,414,361 
Adjustments:
Merger-related charges$69,274 $41,206 $5,856 $8,117 $6,860 $116,336 $29,208 
Separation expense— — — — 2,646 — 2,646 
Distribution of excess pension assets— — — — — — 13,318 
FDIC Special Assessment— — — — — — 2,994 
Noninterest expense adjustments69,274 41,206 5,856 8,117 9,506 116,336 48,166 
Adjusted total noninterest expense(376,460)(343,560)(262,615)(268,707)(262,777)(982,635)(769,433)
Adjusted PPNR$336,578 $289,850 $224,258 $227,138 $229,305 $850,686 $644,928 
Efficiency Ratio:
Noninterest expense$445,734 $384,766 $268,471 $276,824 $272,283 $1,098,971 $817,599 
Less: Amortization of intangibles(26,184)(19,630)(6,830)(7,237)(7,411)(52,644)(20,291)
Noninterest expense, excl. amortization of intangibles419,550 365,136 261,641 269,587 264,872 1,046,327 797,308 
Less: Amortization of tax credit investments(7,057)(5,815)(3,424)(4,556)(3,277)(16,296)(8,773)
Less: Noninterest expense adjustments(69,274)(41,206)(5,856)(8,117)(9,506)(116,336)(48,166)
Adjusted noninterest expense, excluding amortization$343,219 $318,115 $252,361 $256,914 $252,089 $913,695 $740,369 
Total revenue (FTE)2
$713,045 $654,370 $486,797 $495,723 $492,006 $1,854,212 $1,414,271 
Less: Debt securities (gains) losses(7)41 76 122 76 110 90 
Less: Pension plan gain— (21,001)— — — (21,001)— 
Total adjusted revenue $713,038 $633,410 $486,873 $495,845 $492,082 $1,833,321 $1,414,361 
Efficiency Ratio58.8 %55.8 %53.7 %54.4 %53.8 %56.4 %56.4 %
Adjusted Efficiency Ratio48.1 %50.2 %51.8 %51.8 %51.2 %49.8 %52.3 %
Refer to last page of Non-GAAP reconciliations for footnotes.
13

Non-GAAP Measures (unaudited)
($ in thousands)
Three Months EndedNine Months Ended
September 30,June 30,March 31,December 31,September 30,September 30,September 30,
2025202520252024202420252024
ROAE and ROATCE:
Net income applicable to common shares$178,533 $121,375 $140,625 $149,839 $139,768 $440,533 $373,214 
Amortization of intangibles 26,184 19,630 6,830 7,237 7,411 52,644 20,291 
Tax effect1
(6,546)(4,908)(1,708)(1,809)(1,853)(13,161)(5,073)
Amortization of intangibles, net19,638 14,722 5,122 5,428 5,558 39,483 15,218 
Net income applicable to common shares, excluding intangibles amortization198,171 136,097 145,747 155,267 145,326 480,016 388,432 
Total adjustments, net (see pg.12)52,775 69,478 4,829 6,150 7,448 127,080 48,851 
Adjusted net income applicable to common shares, excluding intangibles amortization$250,946 $205,575 $150,576 $161,417 $152,774 $607,096 $437,283 
Average shareholders' equity$8,168,575 $7,452,116 $6,416,485 $6,338,953 $6,190,071 $7,352,143 $5,912,546 
Less: Average preferred equity(243,719)(243,719)(243,719)(243,719)(243,719)(243,719)(243,719)
Average shareholders' common equity$7,924,856 $7,208,397 $6,172,766 $6,095,234 $5,946,352 $7,108,424 $5,668,827 
Average goodwill and other intangible assets(2,931,319)(2,670,710)(2,292,526)(2,301,177)(2,304,597)(2,633,858)(2,216,437)
Average tangible shareholder's common equity$4,993,537 $4,537,687 $3,880,240 $3,794,057 $3,641,755 $4,474,566 $3,452,390 
ROAE9.0 %6.7%9.1%9.8%9.4%8.3 %8.8 %
ROAE, adjusted11.7 %10.6%9.4%10.2%9.9%10.6 %9.9 %
ROATCE15.9 %12.0%15.0%16.4%16.0%14.3 %15.0 %
ROATCE, adjusted20.1 %18.1%15.5%17.0%16.8%18.1 %16.9 %
Refer to last page of Non-GAAP reconciliations for footnotes.
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Non-GAAP Measures (unaudited)
($ in thousands)
As of
September 30,June 30,March 31,December 31,September 30,
20252025202520242024
Tangible Common Equity:
Shareholders' equity$8,309,271 $8,126,387 $6,534,654 $6,340,350 $6,367,298 
Less: Preferred equity (243,719)(243,719)(243,719)(243,719)(243,719)
Shareholders' common equity $8,065,552 $7,882,668 $6,290,935 $6,096,631 $6,123,579 
Less: Goodwill and other intangible assets(2,926,960)(2,944,372)(2,289,268)(2,296,098)(2,305,084)
Tangible shareholders' common equity $5,138,592 $4,938,296 $4,001,667 $3,800,533 $3,818,495 
Total assets $71,210,162 $70,979,805 $53,877,944 $53,552,272 $53,602,293 
Less: Goodwill and other intangible assets(2,926,960)(2,944,372)(2,289,268)(2,296,098)(2,305,084)
Tangible assets $68,283,202 $68,035,433 $51,588,676 $51,256,174 $51,297,209 
Risk-weighted assets3
$52,515,468 $52,517,871 $40,266,670 $40,314,805 $40,584,608 
Tangible common equity to tangible assets 7.53 %7.26 %7.76 %7.41 %7.44 %
Tangible common equity to risk-weighted assets3
9.78 %9.40 %9.94 %9.43 %9.41 %
Tangible Common Book Value:
Common shares outstanding390,768 391,818 319,236 318,980 318,955 
Tangible common book value$13.15 $12.60 $12.54 $11.91 $11.97 
1 Tax-effect calculations use management's estimate of the full year FTE tax rates (federal + state).
2 Calculated using the federal statutory tax rate in effect of 21% for all periods.
3 September 30, 2025 figures are preliminary.
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