v3.25.3
CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income        
Interest and fees on loans $ 379,017 $ 361,407 $ 1,077,525 $ 1,037,537
Investment securities 49,396 38,389 141,952 104,117
Interest bearing cash and cash equivalents 32,202 52,737 107,994 150,325
Total interest income 460,615 452,533 1,327,471 1,291,979
Interest expense        
Deposits 180,779 190,255 530,513 547,135
Short-term borrowings 534 13,784 12,224 39,316
Long-term debt 7,531 8,392 23,534 33,835
Total interest expense 188,844 212,431 566,271 620,286
Net interest income 271,771 240,102 761,200 671,693
Provision for credit losses 12,000 10,000 44,000 49,000
Net interest income after provision for credit losses 259,771 230,102 717,200 622,693
Non-interest income        
Service charges on deposit accounts 8,111 6,307 24,133 18,557
Wealth management and trust fee income 3,989 4,040 11,683 11,306
Brokered loan fees 2,419 2,400 6,766 6,442
Investment banking and advisory fees 33,985 34,753 74,572 78,225
Trading income 7,238 5,786 21,073 16,148
Available-for-sale debt securities losses 0 (179,581) (1,886) (179,581)
Other 12,841 11,524 30,755 25,875
Total non-interest income 68,583 (114,771) 167,096 (23,028)
Non-interest expense        
Salaries and benefits 119,856 121,138 371,651 368,705
Occupancy expense 11,828 12,937 34,816 33,340
Marketing 3,412 5,863 12,045 17,895
Legal and professional 12,474 11,135 38,532 38,603
Communications and technology 24,594 25,951 72,550 69,078
Federal Deposit Insurance Corporation insurance assessment 5,198 4,906 15,635 18,897
Other 13,213 13,394 38,642 39,608
Total non-interest expense 190,575 195,324 583,871 586,126
Income/(loss) before income taxes 137,779 (79,993) 300,425 13,539
Income tax expense/(benefit) 32,569 (18,674) 70,840 7,054
Net income/(loss) 105,210 (61,319) 229,585 6,485
Preferred stock dividends (4,313) (4,313) (12,938) (12,938)
Net income/(loss) available to common stockholders 100,897 (65,632) 216,647 (6,453)
Other comprehensive income/(loss)        
Change in unrealized gain/(loss) 30,909 109,849 101,226 53,567
Amounts reclassified into net income 6,172 199,599 26,498 239,132
Other comprehensive income 37,081 309,448 127,724 292,699
Income tax expense 8,374 69,873 28,841 58,852
Other comprehensive income, net of tax 28,707 239,575 98,883 233,847
Comprehensive income $ 133,917 $ 178,256 $ 328,468 $ 240,332
Basic earnings/(loss) per common share        
Basic earnings/(loss) per common share (in usd per share) $ 2.21 $ (1.42) $ 4.72 $ (0.14)
Diluted earnings/(loss) per common share        
Diluted earnings/(loss) per common share (in usd per share) $ 2.18 $ (1.41) $ 4.67 $ (0.14)