v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 287,916 $ 290,104 $ 568,904 $ 508,512
Interest and dividends on securities:        
Taxable 32,083 31,066 63,526 53,314
Tax-exempt 4,833 4,616 9,657 9,145
Total interest and dividends on securities 36,916 35,682 73,183 62,459
Other interest income 8,219 10,596 16,587 18,643
Total interest and dividend income 333,051 336,382 658,674 589,614
INTEREST EXPENSE        
Interest bearing demand deposits 30,567 30,405 59,935 59,782
Money market deposits 33,650 36,287 65,804 57,422
Savings deposits 11,029 8,670 21,147 16,029
Certificates of deposit 20,590 21,442 43,181 39,999
Total interest expense on deposits 95,836 96,804 190,067 173,232
Federal Home Loan Bank borrowings 10,390 16,683 21,705 29,718
Other short-term borrowings 565 816 1,163 1,938
Subordinated debt and junior subordinated debt 4,098 5,310 8,177 9,438
Total interest expense 110,889 119,613 221,112 214,326
NET INTEREST INCOME 222,162 216,769 437,562 375,288
Provision for credit losses 9,185 3,218 8,288 72,101
Net interest income after provision for credit losses 212,977 213,551 429,274 303,187
NON-INTEREST INCOME        
Trust fees 9,830 9,657 20,272 18,355
Service charges on deposits 11,546 10,484 22,507 19,070
Digital banking income 7,410 7,325 14,008 12,730
Net swap fee and valuation income 3,135 746 4,197 1,706
Net securities brokerage revenue 3,670 3,348 7,142 6,049
Bank-owned life insurance 4,317 3,450 8,127 6,878
Mortgage banking income 1,055 2,364 1,974 3,504
Net securities gains 1,644 1,410 1,631 1,092
Net gains on other real estate owned and other assets 2,036 111 2,583 71
Other income 8,989 5,062 13,021 9,167
Total non-interest income 53,632 43,957 95,462 78,622
NON-INTEREST EXPENSE        
Salaries and wages 66,402 60,153 130,366 108,730
Employee benefits 19,148 18,857 36,759 31,827
Net occupancy 7,863 8,119 16,393 15,897
Equipment and software 15,640 17,140 31,317 30,190
Marketing 2,271 1,864 3,798 4,246
FDIC insurance 4,168 5,479 8,951 9,666
Amortization of intangible assets 7,141 9,204 14,301 13,427
Restructuring and merger-related expense 1,003 41,056 4,716 61,066
Other operating expenses 25,450 24,663 49,187 45,451
Total non-interest expense 149,086 186,535 295,788 320,500
Income before provision for income taxes 117,523 70,973 228,948 61,309
Provision for income taxes 24,846 13,558 47,635 12,886
Net income 92,677 57,415 181,313 48,423
Preferred stock dividends 4,240 2,531 8,481 5,063
Net income available to common shareholders $ 88,437 $ 54,884 $ 172,832 $ 43,360
EARNINGS PER COMMON SHARE        
Basic $ 0.92 $ 0.57 $ 1.8 $ 0.5
Diluted $ 0.91 $ 0.57 $ 1.79 $ 0.5
AVERAGE COMMON SHARES OUTSTANDING        
Basic 96,028,958 95,744,980 96,066,022 86,339,970
Diluted 96,703,880 95,808,310 96,506,410 86,466,701
DIVIDENDS DECLARED PER COMMON SHARE $ 0.38 $ 0.37 $ 0.76 $ 0.74