v3.26.1
Condensed 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 $ 252,546 $ 255,641 $ 482,815 $ 494,921
Mortgage loans in process of securitization 4,455 5,304 8,842 9,047
Investment securities:        
Available for sale 9,562 12,095 19,504 24,453
Held to maturity 18,076 23,166 37,555 47,524
FHLB stock and other equity securities (dividends) 4,979 4,641 9,373 9,013
Other 4,454 3,552 6,494 6,645
Total interest income 294,072 304,399 564,583 591,603
Interest Expense        
Deposits 116,839 131,375 226,688 255,316
Short-term borrowings 37,608 36,981 66,545 70,345
Long-term borrowings 3,089 7,324 6,166 15,027
Total interest expense 157,536 175,680 299,399 340,688
Net Interest Income 136,536 128,719 265,184 250,915
Provision for credit losses 9,184 53,027 24,483 60,754
Net Interest Income After Provision for Credit Losses 127,352 75,692 240,701 190,161
Noninterest Income        
Gain on sale of loans 13,160 23,342 26,666 34,961
Loan servicing fees, net 11,992 6,138 27,091 10,148
Mortgage warehouse fees 1,857 2,039 3,477 3,552
Syndication and asset management fees 6,933 9,707 10,050 13,096
Other income 11,738 9,254 24,995 12,416
Total noninterest income 45,680 50,480 92,279 74,173
Noninterest Expense        
Salaries and employee benefits 39,345 43,566 77,910 79,985
Loan expense 1,177 1,142 2,362 1,940
Occupancy and equipment 3,462 2,494 6,543 4,845
Professional fees 3,328 3,159 6,095 6,053
Deposit insurance expense 5,893 7,152 14,301 14,380
Technology expense 2,893 2,446 5,572 4,820
Credit risk transfer premium expense 6,100 4,767 11,864 8,629
Other expense 11,050 12,611 24,243 18,349
Total noninterest expense 73,248 77,337 148,890 139,001
Income Before Income Taxes 99,784 48,835 184,090 125,333
Provision for income taxes 21,481 10,854 38,055 29,113
Net Income 78,303 37,981 146,035 96,220
Dividends on preferred stock (10,266) (10,266) (20,531) (20,531)
Impact of preferred stock redemption       (5,371)
Net Income Allocated to Common Shareholders $ 68,037 $ 27,715 $ 125,504 $ 70,318
Basic Earnings Per Share (in dollars per share) $ 1.48 $ 0.6 $ 2.73 $ 1.53
Diluted Earnings Per Share (in dollars per share) $ 1.48 $ 0.6 $ 2.73 $ 1.53
Weighted-Average Shares Outstanding        
Basic (in shares) 45,936,610 45,883,644 45,933,291 45,853,998
Diluted (in shares) 46,005,938 45,929,563 46,001,859 45,921,988