v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Loans $ 702,149 $ 666,673
Money market investments 44,240 70,166
Investment securities 200,827 180,159
Total interest income 947,216 916,998
Interest expense:    
Deposits 259,418 297,863
Short-term borrowings 5,703 1,426
Long-term debt 11,915 12,112
Total interest expense 277,036 311,401
Net interest income 670,180 605,597
Provision for credit losses 75,886 64,081
Net interest income after provision for credit losses 594,294 541,516
Service charges on deposit accounts 38,766 39,054
Other service fees 102,921 94,508
Mortgage banking activities 4,213 3,689
Net gain (loss), including impairment on equity securities 1,029 (414)
Net gain on trading account debt securities 261 520
Adjustments to indemnity reserves on loans sold 35 173
Other operating income 18,401 14,531
Total non-interest income 165,626 152,061
Operating expenses:    
Personnel costs 216,069 212,713
Net occupancy expenses 27,299 27,218
Equipment expenses 5,229 5,302
Other taxes 17,677 18,725
Professional fees 25,553 26,825
Technology and software expenses 89,139 83,668
Processing and transactional services 39,087 37,781
Communications 4,509 4,904
Business promotion 22,860 23,675
Deposit insurance 9,917 10,035
Other real estate owned (OREO) expense (income) (4,618) (3,330)
Other operating expenses 14,205 22,899
Amortization of intangibles 384 597
Total operating expenses 467,310 471,012
Income before income tax 292,610 222,565
Income tax expense 46,936 45,063
Net Income 245,674 177,502
Net Income Applicable to Common Stock $ 245,321 $ 177,149
Net Income per Common Share - Basic $ 3.78 $ 2.56
Net Income per Common Share - Diluted $ 3.78 $ 2.56