v3.26.1
Unaudited 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 and dividend income:        
Loans and leases $ 265,596 $ 143,933 $ 532,531 $ 287,242
Debt securities 18,370 6,691 34,880 13,456
Restricted equity securities 1,506 1,062 2,349 2,265
Short-term investments 8,162 2,386 16,258 4,837
Total interest and dividend income 293,634 154,072 586,018 307,800
Interest expense:        
Deposits 88,959 52,682 182,015 106,160
Borrowed funds 11,468 12,705 20,022 27,125
Total interest expense 100,427 65,387 202,037 133,285
Net interest income 193,207 88,685 383,981 174,515
Provision for credit losses on loans 5,007 6,997 12,906 12,971
Provision (credit) for credit losses on investments (85) 3 (38) 15
Net interest income after provision for credit losses 188,285 81,685 371,113 161,529
Non-interest income:        
Loan level derivative income 1,391 (4) 2,166 66
Gain on sales of loans and leases held-for-sale 3,869 264 6,558 288
Other 4,739 1,345 10,045 2,667
Total non-interest income 25,988 5,970 49,935 11,630
Non-interest expense:        
Compensation and employee benefits 70,280 35,147 139,930 71,000
Occupancy 11,791 5,349 24,888 11,070
Equipment and data processing 18,300 6,841 38,427 13,853
Professional services 2,769 1,471 5,231 3,197
FDIC insurance 3,332 1,880 7,652 3,917
Advertising and marketing 1,152 1,371 2,831 2,239
Amortization of identified intangible assets 8,328 1,431 16,656 2,861
Merger and restructuring expense 0 439 13,025 1,410
Other 11,304 4,132 19,438 8,536
Total non-interest expense 127,256 58,061 268,078 118,083
Income before provision for income taxes 87,017 29,594 152,970 55,076
Provision for income taxes 22,591 7,568 42,327 13,950
Net income $ 64,426 $ 22,026 $ 110,643 $ 41,126
Earnings per common share:        
Basic (in dollars per share) $ 0.77 $ 0.25 $ 1.32 $ 0.46
Diluted (in dollars per share) $ 0.77 $ 0.25 $ 1.32 $ 0.46
Weighted average common shares outstanding:        
Basic (in shares) 83,816,086 89,104,605 83,816,086 89,104,060
Diluted (in shares) 83,939,430 89,612,781 83,921,432 89,590,267
Dividends paid per common share (in dollars per share) $ 0.3225 $ 0.135 $ 0.6450 $ 0.270
Deposit fees        
Non-interest income:        
Non-interest income, fees $ 8,510 $ 2,472 $ 16,857 $ 4,833
Loan fees        
Non-interest income:        
Non-interest income, fees 2,619 472 4,985 865
Wealth management fees        
Non-interest income:        
Non-interest income, fees $ 4,860 $ 1,421 $ 9,324 $ 2,911