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 $ 371,587 $ 346,603 $ 710,609 $ 691,391
Investment securities 46,190 47,961 89,479 93,700
Other interest income 10,377 8,197 18,122 17,361
Total Interest Income 428,154 402,761 818,210 802,452
Interest Expense        
Deposits 126,737 129,194 242,543 260,085
Federal funds purchased 0 12 0 12
FHLB advances 4,900 7,929 7,240 15,950
Senior debt and subordinated debt 7,066 5,047 11,765 8,624
Other borrowings and interest-bearing liabilities 5,199 5,658 10,387 11,674
Total Interest Expense 143,902 147,840 271,935 296,345
Net Interest Income 284,252 254,921 546,275 506,107
Provision for credit losses 4,897 8,607 19,339 22,505
Net Interest Income After Provision for Credit Losses 279,355 246,314 526,936 483,602
Non-Interest Income        
Non-interest income before investment securities gains 79,306 69,148 149,147 136,382
Investment securities (losses) gains, net 0 0 0 (2)
Total Non-Interest Income 79,306 69,148 149,147 136,380
Non-Interest Expense        
Salaries and employee benefits 120,184 107,123 230,101 210,649
Data processing and software 20,419 18,262 39,081 36,861
Net occupancy 17,841 16,410 36,070 34,617
Other outside services 14,999 12,009 27,749 23,846
Intangible amortization 5,910 5,460 11,260 11,729
FDIC insurance 4,430 4,951 8,679 10,549
Equipment 4,086 4,100 8,010 8,249
Marketing 2,818 2,604 5,149 5,124
Professional fees 2,342 2,163 4,581 1,085
Acquisition-related expenses 13,839 0 16,483 380
Other 24,086 19,729 44,085 39,181
Total Non-Interest Expense 230,954 192,811 431,248 382,270
Income Before Income Taxes 127,707 122,651 244,835 237,712
Income taxes 25,293 23,453 47,660 45,527
Net Income 102,414 99,198 197,175 192,185
Preferred stock dividends (2,562) (2,562) (5,124) (5,124)
Net Income Available to Common Shareholders $ 99,852 $ 96,636 $ 192,051 $ 187,061
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.52 $ 0.53 $ 1.03 $ 1.03
Net Income (Diluted) (in dollars per share) 0.52 0.53 1.02 1.02
Cash Dividends (in dollars per share) $ 0.19 $ 0.18 $ 0.38 $ 0.36
Wealth management        
Non-Interest Income        
Non-interest income before investment securities gains $ 23,139 $ 22,281 $ 47,635 $ 44,066
Commercial banking        
Non-Interest Income        
Non-interest income before investment securities gains 24,822 23,431 47,628 44,760
Consumer banking        
Non-Interest Income        
Non-interest income before investment securities gains 15,345 14,528 29,521 27,596
Mortgage banking        
Non-Interest Income        
Non-interest income before investment securities gains 4,938 3,991 8,893 7,130
Other        
Non-Interest Income        
Non-interest income before investment securities gains $ 11,062 $ 4,917 $ 15,470 $ 12,830