v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Investment securities and cash equivalents $ 203,409 $ 209,650
Loans 212,552 171,764
Total interest income 415,961 381,414
Total interest expense 314,565 290,475
Net interest income 101,396 90,939
Provision for losses (4,308) (1,684)
Net interest income after provision for losses 97,088 89,255
Non-interest income/(expense):    
Guarantee and commitment fees 5,837 4,479
Gains/(losses) on financial derivatives 1,140 (2,636)
Other income 752 1,537
Non-interest income 7,729 3,380
Operating expenses:    
Compensation and employee benefits 21,257 17,752
General and administrative 11,262 10,758
Regulatory fees 863 1,000
Operating expenses 33,382 29,510
Income before income taxes 71,435 63,125
Income tax expense 12,312 13,474
Net income 59,123 49,651
Preferred stock dividends (7,291) (5,666)
Net income attributable to common stockholders $ 51,832 $ 43,985
Earnings per common share:    
Basic earnings per common share (in dollars per share) $ 4.78 $ 4.04
Diluted earnings per common share (in dollars per share) $ 4.75 $ 4.01