v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Loans $ 299,675,000 $ 306,433,000 $ 597,948,000 $ 506,007,000
Securities        
Taxable 29,505,000 24,918,000 58,181,000 35,887,000
Tax-exempt 6,155,000 3,490,000 9,745,000 4,638,000
Other 5,105,000 9,057,000 12,686,000 17,696,000
Total interest income 340,440,000 343,898,000 678,560,000 564,228,000
Interest expense        
Deposits 106,398,000 111,921,000 210,258,000 191,307,000
Borrowings 11,288,000 13,118,000 21,989,000 19,865,000
Total interest expense 117,686,000 125,039,000 232,247,000 211,172,000
Net interest income 222,754,000 218,859,000 446,313,000 353,056,000
Provision for credit losses on loans 1,166,000 75,400,000 5,390,000 77,450,000
Provision for credit losses on unfunded commitments 2,633,000 5,922,000 6,489,000 8,622,000
Provision for credit losses 3,799,000 81,322,000 11,879,000 86,072,000
Net interest income after provision for credit losses 218,955,000 137,537,000 434,434,000 266,984,000
Noninterest income        
Service charges on deposit accounts 14,516,000 13,618,000 29,256,000 23,982,000
Fees and commissions 5,471,000 6,650,000 10,125,000 10,437,000
Wealth management revenue 9,073,000 7,345,000 17,751,000 14,412,000
Mortgage banking income 9,178,000 11,263,000 18,613,000 19,410,000
BOLI income 4,608,000 3,383,000 8,297,000 6,312,000
Other 8,344,000 6,075,000 17,420,000 10,176,000
Total noninterest income 51,190,000 48,334,000 101,462,000 84,729,000
Noninterest expense        
Salaries and employee benefits 96,228,000 99,542,000 187,977,000 171,499,000
Data processing 5,037,000 5,438,000 10,258,000 9,527,000
Net occupancy and equipment 18,018,000 17,359,000 36,049,000 29,113,000
Other real estate owned 453,000 157,000 1,852,000 842,000
Professional fees 4,518,000 4,223,000 8,920,000 7,107,000
Advertising and public relations 4,677,000 4,490,000 9,276,000 8,787,000
Intangible amortization 8,370,000 8,884,000 16,590,000 9,964,000
Communications 3,566,000 3,184,000 7,575,000 5,217,000
Merger and conversion related expenses 0 20,479,000 0 21,270,000
Other 20,634,000 19,448,000 38,332,000 33,754,000
Total noninterest expense 161,501,000 183,204,000 316,829,000 297,080,000
Income (loss) before income taxes 108,644,000 2,667,000 219,067,000 54,633,000
Income taxes 21,553,000 1,649,000 43,748,000 12,097,000
Net income (loss) $ 87,091,000 $ 1,018,000 $ 175,319,000 $ 42,536,000
Basic earnings per share (in usd per share) $ 0.95 $ 0.01 $ 1.89 $ 0.54
Diluted earnings per share (in usd per share) $ 0.94 $ 0.01 $ 1.88 $ 0.53