v3.26.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest Income    
Interest and fees on loans $ 141,901 $ 132,134
Interest and dividends on investments:    
Taxable interest 12,651 13,468
Interest exempt from federal income taxes 86 95
Dividends 613 537
Interest on bank deposits 1,967 894
Total interest income 157,218 147,128
Interest Expense    
Interest on deposits 45,451 48,004
Interest on short-term borrowings 169 360
Interest on subordinated debentures 1,790 1,838
Interest on other long-term debt 798 1,362
Interest on lease obligations 36 42
Total interest expense 48,244 51,606
Net Interest Income 108,974 95,522
Provision for credit losses - portfolio 10,733 5,736
Net Interest Income after Provision for Credit Losses 98,241 89,786
Noninterest Income    
Gain Losses Maturities And Impairment 229 (5,142)
Gain (Loss) on Equity Securities 0 5,146
Trust income 3,408 3,022
Service charges on deposit accounts 5,530 5,438
Insurance and retail brokerage commissions 3,267 3,170
Income from bank owned life insurance 1,796 1,502
Gain on sale of mortgage loans 2,215 1,387
Gain on sale of other loans and assets 2,182 1,388
Card-related interchange income 3,661 3,654
Derivatives mark to market (6) (153)
Swap fee income 122 835
Other income 2,183 2,255
Total noninterest income 24,587 22,502
Noninterest Expense    
Salaries and employee benefits 42,874 40,415
Net occupancy expense 5,565 5,729
Furniture and equipment expense 4,823 4,193
Data processing expense 4,183 3,817
Advertising and promotion 1,671 1,372
Intangible amortization 1,330 1,337
Intangible amortization 1,364 1,131
Other professional fees and services 1,106 1,620
FDIC insurance 1,589 1,379
Loss on sale or write-down of assets 567 215
Litigation and operational losses 857 793
Business Combination, Integration-Related Cost, Expense (117) (109)
Other Noninterest Expense 9,549 9,140
Total noninterest expense 75,595 71,250
Income Before Income Taxes 47,233 41,038
Income tax provision 9,685 8,342
Net Income $ 37,548 $ 32,696
Average Shares Outstanding (in shares) 102,117,835 101,566,089
Average Shares Outstanding Assuming Dilution (in shares) 102,394,488 101,859,825
Per Share Data:    
Basic Earnings per Share (in dollars per share) $ 0.37 $ 0.32
Diluted Earnings per Share (in dollars per share) 0.37 0.32
Cash Dividends Declared per Common Share (in dollars per share) $ 0.135 $ 0.130