v3.26.1
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:          
Loans and leases $ 354,832 $ 349,943 $ 362,303 $ 704,775 $ 708,406
Investment securities 42,407 41,873 37,616 84,280 75,478
Deposits in financial institutions 17,357 15,626 20,590 32,983 43,280
Total interest income 414,596 407,442 420,509 822,038 827,164
Interest expense:          
Deposits 124,270 120,233 144,940 244,503 285,470
Borrowings 26,568 20,177 20,021 46,745 38,442
Subordinated debt 13,257 15,415 15,332 28,672 30,672
Total interest expense 164,095 155,825 180,293 319,920 354,584
Net interest income 250,501 251,617 240,216 502,118 472,580
Provision for credit losses 161,780 9,800 39,100 171,580 48,400
Net interest income after provision for credit losses 88,721 241,817 201,116 330,538 424,180
Noninterest income:          
Leased equipment income 7,820 8,530 10,231 16,350 21,015
Commissions and fees 9,034 10,980 9,641 20,014 19,599
Service charges on deposit accounts 4,763 4,978 4,456 9,741 8,999
(Loss) gain on loans and leases HFS (12,544) 10 21 (12,534) 232
Loss on securities AFS (256,749) 0 0 (256,749) 0
Dividends and gains (losses) on equity investments 3,326 2,002 (114) 5,328 2,209
Warrant income 896 938 1,227 1,834 932
Other income 9,358 7,890 7,171 17,248 13,297
Total noninterest (loss) income (234,096) 35,328 32,633 (198,768) 66,283
Noninterest expense:          
Compensation 85,120 91,100 88,362 176,220 174,779
Customer related expense 24,114 23,737 26,577 47,851 54,328
Occupancy 14,714 14,892 15,473 29,606 30,483
Information technology and data processing 13,769 14,339 13,073 28,108 28,172
Insurance and assessments 14,500 6,764 9,403 21,264 16,686
Intangible asset amortization 6,349 6,348 7,159 12,697 14,319
Leased equipment depreciation 5,168 5,304 6,700 10,472 13,441
Other professional services 5,599 4,236 6,406 9,835 10,919
Loan expense 5,170 4,292 4,050 9,462 6,980
Other expense 15,364 10,379 8,666 25,743 19,415
Total noninterest expense 189,867 181,391 185,869 371,258 369,522
(Loss) earnings before income taxes (335,242) 95,754 47,880 (239,488) 120,941
Income tax (benefit) expense (93,895) 23,802 19,495 (70,093) 38,988
Net (loss) earnings (241,347) 71,952 28,385 (169,395) 81,953
Preferred stock dividends 9,947 9,947 9,947 19,894 19,894
Net (loss) earnings available to common and equivalent stockholders, basic (251,294) 62,005 18,438 (189,289) 62,059
Net (loss) earnings available to common and equivalent stockholders, diluted $ (251,294) $ 62,005 $ 18,438 $ (189,289) $ 62,059
(Loss) earnings per share:          
Basic (usd per share) $ (1.61) $ 0.40 $ 0.12 $ (1.22) $ 0.38
Diluted (usd per share) $ (1.61) $ 0.39 $ 0.12 $ (1.22) $ 0.38