v3.26.1
Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST INCOME:        
Interest and fees on loans $ 138,011 $ 134,723 $ 273,218 $ 265,704
Interest on investment securities:        
Taxable 33,666 25,242 65,949 50,277
Exempt from federal income tax 11,166 8,541 22,372 16,371
Interest on federal funds sold and interest-bearing demand deposits in banks 3,117 4,304 7,366 7,568
Total interest income 185,960 172,810 368,905 339,920
INTEREST EXPENSE:        
Interest on deposits 48,697 48,732 96,548 96,281
Interest on repurchase agreements and borrowings 349 348 652 1,120
Total interest expense 49,046 49,080 97,200 97,401
Net interest income 136,914 123,730 271,705 242,519
Provision for credit losses 4,183 3,132 6,474 6,660
Net interest income after provision for credit losses 132,731 120,598 265,231 235,859
NONINTEREST INCOME:        
Wealth Management fees 13,960 12,746 27,323 25,399
Service charges on deposit accounts 6,263 6,126 12,340 12,302
Debit card fees 5,584 5,218 10,829 10,185
Credit card fees 734 707 1,385 1,284
Gain on sale and fees on mortgage loans 4,679 4,126 8,955 6,958
Net (loss) gain on sale of foreclosed assets (19) 200 (75) 165
Net (loss) gain on sale of other assets (374) 6 (374) 6
Other noninterest income 5,017 3,744 7,557 6,804
Total noninterest income 35,844 32,873 67,940 63,103
NONINTEREST EXPENSE:        
Salaries, commissions and employee benefits 49,660 42,575 95,642 84,717
Net occupancy expense 3,728 3,600 7,359 7,320
Equipment expense 2,169 2,478 4,328 4,799
FDIC insurance premiums 1,767 1,585 3,326 3,160
Debit card expense 3,043 3,308 6,151 6,680
Professional and service fees 3,664 2,730 7,067 5,381
Printing, stationery and supplies 292 473 915 955
Operational and other losses 801 720 1,801 1,260
Software amortization and expense 5,053 4,020 9,646 7,753
Amortization of intangible assets 43 86 86 181
Other noninterest expense 10,886 10,160 21,553 19,864
Total noninterest expense 81,106 71,735 157,874 142,070
EARNINGS BEFORE INCOME TAXES 87,469 81,736 175,297 156,892
INCOME TAX EXPENSE 15,575 15,078 31,860 28,888
NET EARNINGS $ 71,894 $ 66,658 $ 143,437 $ 128,004
NET EARNINGS PER SHARE, BASIC $ 0.5 $ 0.47 $ 1 $ 0.9
NET EARNINGS PER SHARE, DILUTED 0.5 0.47 1 0.89
DIVIDENDS PER SHARE $ 0.22 $ 0.19 $ 0.41 $ 0.37