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 income:        
Loans, including loan fees $ 174,705 $ 105,976 $ 314,489 $ 206,642
Investment securities:        
Taxable 19,305 6,027 31,260 11,587
Tax-exempt 1,692 1,017 3,050 2,066
Other interest income 5,202 4,618 10,317 10,084
Total interest income 200,904 117,638 359,116 230,379
Interest expense:        
Deposits 57,321 40,472 103,977 79,937
Long-term borrowings 2,112 2,057 4,109 4,127
Total interest expense 59,433 42,529 108,086 84,064
Net interest income 141,471 75,109 251,030 146,315
Provision for credit losses 1,500 1,050 7,550 2,550
Net interest income after provision for credit losses 139,971 74,059 243,480 143,765
Noninterest income:        
Mortgage income, net 3,624 2,907 7,163 4,833
BOLI income 2,305 1,429 4,187 2,849
Deferred compensation plan asset market valuations 1,947 1,437 1,670 1,482
LSR income, net 778 950 1,489 2,007
Asset gains (losses), net 2,364 (199) 1,497 (553)
Other noninterest income 3,052 1,637 5,326 3,429
Total noninterest income 36,279 20,633 61,573 38,856
Noninterest expense:        
Personnel 50,612 29,114 88,771 55,635
Occupancy, equipment and office 16,398 9,104 28,773 18,434
Business development and marketing 3,184 1,593 5,521 3,693
Data processing 7,758 4,682 13,943 9,207
Intangibles amortization 6,156 1,481 10,252 3,033
FDIC assessments 1,801 1,029 3,076 1,969
Merger-related expense 7,403 0 48,089 0
Other noninterest expense 10,452 2,916 15,134 5,735
Total noninterest expense 103,764 49,919 213,559 97,706
Income before income tax expense 72,486 44,773 91,494 84,915
Income tax expense 15,585 8,738 19,397 16,288
Net income $ 56,901 $ 36,035 $ 72,097 $ 68,627
Earnings per common share:        
Basic (in dollars per share) $ 2.68 $ 2.40 $ 3.65 $ 4.53
Diluted (in dollars per share) $ 2.62 $ 2.34 $ 3.56 $ 4.42
Weighted average common shares outstanding:        
Basic (in shares) 21,207,876 15,029,137 19,727,911 15,142,129
Diluted (in shares) 21,728,914 15,431,127 20,246,022 15,538,082
Wealth management fee income        
Noninterest income:        
Fees and commissions $ 11,738 $ 6,811 $ 22,393 $ 13,786
Service charges on deposit accounts        
Noninterest income:        
Fees and commissions 4,139 1,962 7,288 3,987
Card interchange income        
Noninterest income:        
Fees and commissions $ 6,332 $ 3,699 $ 10,560 $ 7,036