v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (LOSS) — UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans and leases $ 268,628 $ 246,869 $ 527,362 $ 477,877
Investment securities 34,727 37,381 66,868 71,720
Interest earning deposits 37,628 39,972 79,458 82,886
Loans held for sale 1,280 1,806 2,515 6,567
Other 2,394 1,973 4,766 3,860
Total interest income 344,657 328,001 680,969 642,910
Interest expense:        
Deposits 130,296 134,045 256,422 265,353
FHLB advances 17,109 12,717 30,044 24,518
Subordinated debt 2,723 3,229 7,344 6,441
Interest Expense, Federal Funds Purchased 99 0 112 0
Other borrowings 1,064 1,307 2,330 2,449
Total interest expense 151,291 151,298 296,252 298,761
Net interest income 193,366 176,703 384,717 344,149
Provision for credit losses 23,067 20,781 46,439 49,078
Net interest income after provision for credit losses 170,299 155,922 338,278 295,071
Non-interest income:        
Commercial lease income 15,392 11,056 30,810 21,724
Loan fees 8,673 9,106 19,179 16,341
Bank-owned life insurance 2,213 2,249 5,297 6,909
Mortgage finance transactional fees 1,332 1,175 2,638 2,108
Net gain (loss) on sale of loans and leases 1,061 0 2,105 2
Net (gain) loss on sale of investment securities 154 (1,797) 509 (1,797)
Impairment loss on debt securities 0 0 0 (51,319)
Other 5,218 7,817 7,821 11,148
Total non-interest income 34,043 29,606 68,359 5,116
Non-interest expense:        
Salaries and employee benefits 56,037 45,848 107,331 88,522
Technology, communication and bank operations 12,891 10,382 24,534 21,694
Commercial lease depreciation 12,761 8,743 25,453 17,206
Professional services 10,024 13,850 21,719 25,707
Loan servicing 3,710 4,053 7,569 8,683
Occupancy 3,495 3,551 7,451 6,963
FDIC assessments, non-income taxes and regulatory fees 4,585 11,906 12,800 23,656
Advertising and promotion 481 461 1,035 989
Other 10,907 7,832 18,987 15,977
Total non-interest expense 114,891 106,626 226,879 209,397
Income before income tax expense 89,451 78,902 179,758 90,790
Income tax expense 17,891 17,963 38,545 16,939
Net income 71,560 60,939 141,213 73,851
Preferred stock dividends 0 3,185 0 6,574
Loss on redemption of preferred stock 0 1,908 0 1,908
Net income available to common shareholders, basic $ 71,560 $ 55,846 $ 141,213 $ 65,369
Basic earnings per common share (in usd per share) $ 2.12 $ 1.77 $ 4.16 $ 2.07
Diluted earnings per common share (in usd per share) $ 2.05 $ 1.73 $ 4.02 $ 2.02