v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (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 $ 198,219 $ 214,409 $ 398,774 $ 353,942
Taxable interest income 22,289 23,393 43,384 41,690
Non-taxable interest income 1,733 1,640 3,466 2,282
Dividend income on bank stock 1,127 543 2,007 1,302
Other interest income 1,057 7,461 2,279 15,045
Total interest income 224,425 247,446 449,910 414,261
Interest expense        
Deposits 65,761 88,147 131,787 145,459
Federal funds purchased and securities sold under agreements to repurchase 1,098 886 1,994 1,762
Short-term borrowings 1,485 496 2,396 563
Long-term borrowings 1,093 743 2,161 1,030
Subordinated notes 1,355 2,599 2,708 5,786
Junior subordinated debt owed to unconsolidated trusts 1,231 1,392 2,493 2,747
Total interest expense 72,023 94,263 143,539 157,347
Net interest income 152,402 153,183 306,371 256,914
Provision for credit losses 2,189 5,700 5,247 51,293
Net interest income after provision for credit losses 150,213 147,483 301,124 205,621
Noninterest income        
Income on bank owned life insurance 1,637 1,745 3,253 3,191
Realized net gains (losses) on securities 0 1 23 (15,536)
Unrealized net gains (losses) recognized on equity securities 2,445 5,996 1,482 5,765
Other noninterest income 2,400 3,172 6,563 6,876
Total noninterest income 44,311 44,863 86,576 66,086
Noninterest expense        
Salaries and employee benefits 67,677 78,360 152,907 145,923
Data processing 8,868 14,021 18,732 23,596
Net occupancy expense of premises 7,850 7,832 15,502 13,631
Furniture and equipment expenses 2,336 2,409 4,513 4,153
Professional fees 3,041 2,874 6,280 12,385
Amortization of intangible assets 4,232 4,592 8,523 7,675
Interchange expense 1,096 1,297 2,212 2,640
FDIC insurance 2,349 2,424 4,800 4,591
Other noninterest expense 15,186 14,024 28,685 25,269
Total noninterest expense 112,635 127,833 242,154 239,863
Income before income taxes 81,889 64,513 145,546 31,844
Income taxes 18,713 17,109 32,389 14,430
Net income 63,176 47,404 113,157 17,414
Dividends on preferred stock 4,590 155 9,179 155
Net income available to common stockholders $ 58,586 $ 47,249 $ 103,978 $ 17,259
Weighted average number of common shares outstanding, basic (in shares) 84,498,030 89,645,040 85,588,955 79,139,706
Weighted average number of common shares outstanding, diluted (in shares) 85,385,382 90,883,711 86,602,278 80,251,577
Basic earnings per common share (in dollars per share) $ 0.69 $ 0.53 $ 1.21 $ 0.22
Diluted earnings per common share (in dollars per share) $ 0.69 $ 0.52 $ 1.20 $ 0.22
Wealth management fees        
Noninterest income        
Noninterest income $ 19,981 $ 16,777 $ 39,351 $ 34,141
Payment technology solutions        
Noninterest income        
Noninterest income 4,968 4,956 10,045 10,029
Treasury management services        
Noninterest income        
Noninterest income 4,789 4,569 9,245 7,406
Capital markets income        
Noninterest income        
Noninterest income 1,871 1,254 4,242 2,579
Card services and ATM fees        
Noninterest income        
Noninterest income 4,813 4,880 9,459 8,589
Other service charges on deposit accounts        
Noninterest income        
Noninterest income $ 1,407 $ 1,513 $ 2,913 $ 3,046