v3.26.1
Condensed Consolidated Statements of Earnings and Comprehensive Income (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, including fees $ 159,212 $ 108,845 $ 272,484 $ 217,916
Investment securities:        
Investment securities available-for-sale 23,229 18,299 42,629 37,033
Investment securities held-to-maturity 12,322 12,886 24,788 25,907
Total investment income 35,551 31,185 67,417 62,940
Dividends from FHLB, FRB, and other stock 1,227 411 2,538 790
Interest-earning deposits with other institutions 6,138 3,768 8,799 5,565
Total interest income 202,128 144,209 351,238 287,211
Interest expense:        
Deposits 32,119 24,829 55,171 50,151
Borrowings and customer repurchase agreements 6,707 7,401 14,679 14,201
Subordinated debentures 639 0 639 0
Other 248 371 494 807
Total interest expense 39,713 32,601 70,983 65,159
Net interest income before provision for (recapture of) credit losses 162,415 111,608 280,255 222,052
Provision for (recapture of) credit losses 0 0 3,000 (2,000)
Net interest income after provision for (recapture of) credit losses 162,415 111,608 277,255 224,052
Noninterest income:        
BOLI income 3,492 3,228 6,631 6,059
Gain on OREO, net 0 0 0 2,183
Other 3,374 2,194 5,306 4,460
Total noninterest income 17,010 14,744 31,289 30,973
Noninterest expense:        
Salaries and employee benefits 46,568 34,999 84,029 71,476
Occupancy and equipment 8,293 6,106 14,368 12,104
Professional services 3,250 2,191 5,768 4,272
Computer software expense 6,136 4,410 10,439 8,631
Marketing and promotion 2,098 1,817 4,159 3,805
Amortization of intangible assets 3,577 1,155 4,427 2,310
Provision for unfunded loan commitments 4,250 0 4,750 500
Acquisition related expenses 31,400 0 32,529 0
Other 8,806 6,879 14,477 13,603
Total noninterest expense 114,378 57,557 174,946 116,701
Earnings before income taxes 65,047 68,795 133,598 138,324
Income tax expense 16,786 18,231 34,335 36,656
Net earnings 48,261 50,564 99,263 101,668
Other comprehensive income        
Unrealized (loss) gain on securities and derivatives arising during the period, before tax (4,398) 15,645 (621) 64,999
Less: Income tax benefit (expense) related to items of other comprehensive income 1,278 (6,477) 180 (21,067)
Other comprehensive (loss) income, net of tax (3,120) 9,168 (441) 43,932
Comprehensive income $ 45,141 $ 59,732 $ 98,822 $ 145,600
Basic earnings per common share $ 0.29 $ 0.37 $ 0.65 $ 0.73
Diluted earnings per common share $ 0.29 $ 0.37 $ 0.65 $ 0.73
Service Charges on Deposit Accounts [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 5,336 $ 4,959 $ 10,153 $ 9,867
Trust and Investment Services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax 4,184 3,716 7,908 7,127
Bankcard Services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 624 $ 647 $ 1,291 $ 1,277