v3.26.1
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and dividend income:    
Interest and fees on loans $ 301,752 $ 228,467
Taxable interest and dividends on securities 33,203 31,160
Non-taxable interest and dividends on securities 3,581 1,442
Interest on federal funds sold and other short-term investments 1,010 4,636
Total interest and dividend income 339,546 265,705
Interest expense:    
Interest on deposits 90,435 75,998
Interest on borrowings 4,455 808
Total interest expense 94,890 76,806
Net interest income 244,656 188,899
Provision for allowance for loan losses 5,756 6,600
Net interest income after provision for allowance for loan losses 238,900 182,299
Noninterest income (loss):    
Investment advisory fees 18,314 16,437
Service charges on deposit accounts 9,927 8,315
Card income 5,797 3,920
Interest rate swap income 983 488
Losses from investments for employee retirement benefits (1,860) (1,257)
Mortgage banking income (loss) 2,865 (92)
Losses on sales of securities available for sale, net 0 (269,638)
Miscellaneous income and fees 9,035 6,339
Other non-operating loss (1,504) (630)
Total noninterest income (loss) 43,557 (236,118)
Noninterest expense:    
Salaries and employee benefits 102,151 79,859
Occupancy and equipment 14,111 10,617
Technology and data processing 23,843 18,015
Professional services 3,414 2,924
Marketing expenses 2,696 1,732
FDIC insurance 3,368 3,288
Amortization of intangible assets 11,644 7,808
Other operating expenses 6,636 5,877
Non-operating expenses 30,767 0
Total noninterest expense 198,630 130,120
Income (loss) before income tax expense 83,827 (183,939)
Income tax expense 18,565 33,727
Net income (loss) $ 65,262 $ (217,666)
Basic earnings (loss) per share (in dollars per share) $ 0.29 $ (1.09)
Diluted earnings (loss) per share (in dollars per share) $ 0.29 $ (1.08)