v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income    
Loans, including fees $ 224,951 $ 197,163
Investment securities    
Taxable 49,491 34,401
Tax-exempt 2,526 2,204
Total interest on investment securities 52,017 36,605
Other earning assets 5,450 6,651
Total interest income 282,418 240,419
Interest expense    
Deposits 79,735 78,641
Short-term borrowings 5,168 7,545
Long-term borrowings 7,905 4,937
Total interest expense 92,808 91,123
Net interest income 189,610 149,296
Provision for Credit Losses-loans and leases 6,030 9,141
Provision for credit losses-unfunded commitments 2,510 (441)
Net interest income after provision for credit losses 181,070 140,596
Noninterest income    
Service Charges on Deposit Accounts 9,013 7,463
Wealth management fees 10,482 8,137
Bankcard income 3,580 3,310
Client derivative fees 4,010 1,571
Foreign exchange income 16,313 12,544
Operating Lease, Lease Income 21,608 18,703
Net gains from sales of loans 6,047 4,322
Net gain (loss) on investment securities (1,260) (9,949)
Other 3,221 4,982
Total noninterest income 81,906 51,083
Noninterest expenses    
Salaries and employee benefits 99,856 75,238
Net occupancy 7,553 6,019
Furniture and equipment 4,693 3,813
Data processing 12,654 8,759
Marketing 2,652 2,018
Professional services 3,986 2,739
FDIC assessments 3,645 3,059
Intangible amortization 6,261 2,359
Amortization of operating leases 14,129 12,802
Other 13,310 11,158
Total noninterest expenses 169,408 128,076
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 93,568 63,603
Income tax expense 19,123 12,310
Net income $ 74,445 $ 51,293
Earnings per common share    
Basic $ 0.72 $ 0.54
Diluted $ 0.71 $ 0.54
Average common shares outstanding - basic 103,705,269 94,645,787
Average common shares outstanding - diluted 104,615,405 95,524,262
Investment Program, Proportional Amortization Method, Elected, Equity Method Investment, Income (Loss) from Tax Credit Investment $ 669 $ 112
Business Combination, Bargain Purchase, Gain Recognized, Amount $ 8,892 $ 0