v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (LOSS) — UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Loans and leases $ 258,734 $ 231,008
Investment securities 32,141 34,339
Interest earning deposits 41,830 42,914
Loans held for sale 1,235 4,761
Other 2,372 1,887
Total interest income 336,312 314,909
Interest expense:    
Deposits 126,126 131,308
FHLB advances 12,935 11,801
Subordinated debt 4,621 3,212
Interest Expense, Federal Funds Purchased 13 0
Other borrowings 1,266 1,142
Total interest expense 144,961 147,463
Net interest income 191,351 167,446
Provision for credit losses 23,372 28,297
Net interest income after provision for credit losses 167,979 139,149
Non-interest income:    
Commercial lease income 15,418 10,668
Loan fees 10,506 7,235
Bank-owned life insurance 3,084 4,660
Mortgage finance transactional fees 1,306 933
Net gain (loss) on sale of loans and leases 1,044 2
Net (gain) loss on sale of investment securities 355 0
Impairment loss on debt securities 0 (51,319)
Other 2,603 3,331
Total non-interest income (loss) 34,316 (24,490)
Non-interest expense:    
Salaries and employee benefits 51,294 42,674
Technology, communication and bank operations 11,643 11,312
Commercial lease depreciation 12,692 8,463
Professional services 11,695 11,857
Loan servicing 3,859 4,630
Occupancy 3,956 3,412
FDIC assessments, non-income taxes and regulatory fees 8,215 11,750
Advertising and promotion 554 528
Other 8,080 8,145
Total non-interest expense 111,988 102,771
Income before income tax expense (benefit) 90,307 11,888
Income tax expense (benefit) 20,654 (1,024)
Net income 69,653 12,912
Preferred stock dividends 0 3,389
Net income available to common shareholders, basic 69,653 9,523
Net income available to common shareholders, diluted $ 69,653 $ 9,523
Basic earnings per common share (in usd per share) $ 2.04 $ 0.30
Diluted earnings per common share (in usd per share) $ 1.97 $ 0.29