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 $ 298,066 $ 276,041 $ 571,539 $ 546,825
Investment securities        
Taxable 25,787 26,444 50,515 53,877
Tax-exempt 7,811 7,626 15,640 15,276
Deposits – other banks 5,135 8,951 10,080 15,571
Federal funds sold 37 53 85 108
Total interest income 336,836 319,115 647,859 631,657
Interest expense:        
Interest on deposits 87,432 88,489 166,577 175,275
FHLB and other borrowed funds 4,346 5,539 9,038 11,441
Securities sold under agreements to repurchase 1,057 1,012 1,984 2,086
Subordinated debentures 2,358 4,123 4,713 8,247
Total interest expense 95,193 99,163 182,312 197,049
Net interest income 241,643 219,952 465,547 434,608
Provision for credit losses on loans 5,200 3,000 6,700 3,000
Recovery of credit losses on unfunded commitments 0 0 (1,000) 0
Total credit loss expense 5,200 3,000 5,700 3,000
Net interest income after credit loss expense 236,443 216,952 459,847 431,608
Non-interest income:        
Trust fees 6,109 5,234 11,591 9,994
Mortgage lending income 5,139 4,780 9,569 8,379
Insurance commissions 578 589 1,114 1,124
Increase in cash value of life insurance 1,553 1,415 2,921 3,257
Dividends from FHLB, FRB, FNBB & other 2,841 2,657 5,377 5,375
Gain on sale of SBA loans 0 0 80 288
Gain (loss) on sale of branches, equipment and other assets, net 3 972 (4) 809
Gain (loss) on OREO, net 332 13 1,039 (363)
Fair value adjustment for marketable securities 817 (238) (431) 204
Other income 13,079 13,462 22,181 24,904
Total non-interest income 53,454 51,079 96,257 96,505
Non-interest expense:        
Salaries and employee benefits 68,742 64,318 131,978 126,173
Occupancy and equipment 15,787 14,023 30,654 28,448
Data processing expense 9,307 8,364 18,191 16,922
Merger and acquisition expenses 12,726 0 13,120 0
Other operating expenses 28,932 29,335 55,526 57,425
Total non-interest expense 135,494 116,040 249,469 228,968
Income before income taxes 154,403 151,991 306,635 299,145
Income tax expense 35,076 33,588 69,099 65,533
Net income $ 119,327 $ 118,403 $ 237,536 $ 233,612
Basic earnings per share (in dollars per share) $ 0.59 $ 0.60 $ 1.19 $ 1.18
Diluted earnings per share (in dollars per share) $ 0.59 $ 0.60 $ 1.19 $ 1.18
Service charges on deposit accounts        
Non-interest income:        
Service charges $ 10,030 $ 9,552 $ 20,037 $ 19,202
Other service charges and fees        
Non-interest income:        
Service charges $ 12,973 $ 12,643 $ 22,783 $ 23,332