v3.26.1
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and dividend income:        
Interest and fees on loans $ 308,481 $ 241,100 $ 610,233 $ 469,567
Taxable interest and dividends on securities 35,035 34,113 68,238 65,273
Non-taxable interest and dividends on securities 4,619 1,767 8,200 3,209
Interest on federal funds sold and other short-term investments 1,774 2,359 2,784 6,995
Total interest and dividend income 349,909 279,339 689,455 545,044
Interest expense:        
Interest on deposits 93,039 76,706 183,474 152,704
Interest on borrowings 4,938 603 9,393 1,411
Total interest expense 97,977 77,309 192,867 154,115
Net interest income 251,932 202,030 496,588 390,929
Provision for allowance for loan losses 6,755 7,600 12,511 14,200
Net interest income after provision for allowance for loan losses 245,177 194,430 484,077 376,729
Noninterest income (loss):        
Investment advisory fees 19,693 17,282 38,007 33,719
Service charges on deposit accounts 10,044 8,244 19,971 16,559
Card income 6,038 4,230 11,835 8,150
Interest rate swap income 1,996 978 2,979 1,466
Income from investments for employee retirement benefits 6,958 5,727 5,098 4,470
Mortgage banking income (loss) 3,343 (95) 6,208 (187)
Losses on sales of securities available for sale, net 0 0 0 (269,638)
Miscellaneous income and fees 9,784 5,867 18,819 12,206
Other non-operating (loss) income (268) 618 (1,772) (12)
Total noninterest income (loss) 57,588 42,851 101,145 (193,267)
Noninterest expense:        
Salaries and employee benefits 97,030 80,696 199,181 160,555
Occupancy and equipment 13,246 11,230 27,357 21,847
Technology and data processing 23,740 18,395 47,583 36,410
Professional services 5,681 3,037 9,095 5,961
Marketing expenses 3,098 2,432 5,794 4,164
FDIC insurance 3,747 3,780 7,115 7,068
Amortization of intangible assets 11,643 7,807 23,287 15,615
Other operating expenses 8,213 7,002 14,849 12,879
Non-operating expenses 1,550 2,582 32,317 2,582
Total noninterest expense 167,948 136,961 366,578 267,081
Income (loss) before income tax expense 134,817 100,320 218,644 (83,619)
Income tax expense 29,604 87 48,169 33,814
Net income (loss) $ 105,213 $ 100,233 $ 170,475 $ (117,433)
Basic earnings (loss) per share (in dollars per share) $ 0.48 $ 0.50 $ 0.77 $ (0.59)
Diluted earnings (loss) per share (in dollars per share) $ 0.48 $ 0.50 $ 0.77 $ (0.59)