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 fees $ 172,708 $ 173,979 $ 341,421 $ 344,139
Investment securities:        
Taxable 41,941 41,401 82,555 82,333
Tax-exempt 1,373 1,514 2,766 3,041
Other interest income 4,393 4,073 8,273 6,093
Total interest income 220,415 220,967 435,015 435,606
Interest expense:        
Savings deposits 19,138 21,318 36,919 41,768
Time deposits 24,313 25,150 49,212 50,650
Securities sold under repurchase agreements 4,268 4,640 8,983 8,944
Other borrowings 67 669 134 2,145
Junior subordinated deferrable interest debentures 1,524 1,693 3,034 3,383
Total interest expense 49,310 53,470 98,282 106,890
Net interest income 171,105 167,497 336,733 328,716
Credit loss expense 11,105 4,398 14,129 7,727
Net interest income after provision for credit losses 160,000 163,099 322,604 320,989
Non-interest income:        
Other investments income (loss), net 2,231 348 4,475 (910)
Other income 4,896 4,739 10,351 8,933
Total non-interest income 43,716 40,664 86,546 77,667
Non-interest expense:        
Employee compensation and benefits 40,927 38,251 80,059 76,862
Occupancy 7,075 7,270 13,559 13,676
Depreciation of bank premises and equipment 6,225 5,486 12,401 11,099
Professional fees 3,542 4,074 6,986 7,645
Deposit insurance assessments 1,837 1,763 3,674 3,533
Net operations, other real estate owned 275 990 423 1,366
Advertising 1,705 1,732 3,395 3,453
Software and software maintenance 5,838 5,721 11,528 11,131
Other 15,181 12,514 26,628 22,811
Total non-interest expense 82,605 77,801 158,653 151,576
Income before income taxes 121,111 125,962 250,497 247,080
Provision for income taxes 25,299 25,820 52,499 50,046
Net income $ 95,812 $ 100,142 $ 197,998 $ 197,034
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 62,184,128 62,150,969 62,179,733 62,182,293
Net income per common share (in dollars per share) $ 1.54 $ 1.61 $ 3.18 $ 3.17
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 62,258,458 62,232,768 62,254,886 62,268,705
Net income per common share (in dollars per share) $ 1.54 $ 1.61 $ 3.18 $ 3.16
Service charges on deposit accounts        
Non-interest income:        
Service charges on deposit accounts $ 19,168 $ 17,988 $ 37,928 $ 35,655
Other service charges, commissions and fees, Banking        
Non-interest income:        
Service charges on deposit accounts 14,656 14,939 28,992 29,004
Other service charges, commissions and fees, Non-banking        
Non-interest income:        
Service charges on deposit accounts $ 2,765 $ 2,650 $ 4,800 $ 4,985