v3.26.1
CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST INCOME        
Loans interest and fees $ 178,170 $ 120,116 $ 359,360 $ 237,908
Investment securities 53,062 42,013 106,136 89,598
Interest-bearing cash and other 6,710 16,024 14,382 24,232
Total interest income 237,942 178,153 479,878 351,738
INTEREST EXPENSE        
Deposits 56,544 48,024 114,867 93,155
Borrowed funds 1,055 0 1,283 0
Long-term debt 3,171 0 7,511 0
Total interest expense 60,770 48,024 123,661 93,155
Net interest income 177,172 130,129 356,217 258,583
Provision (reversal of provision) for credit losses on loans (904) 357 6,689 (3,395)
Provision (reversal of provision) for credit losses on unfunded lending commitments (1,863) (725) (1,689) (631)
Net interest income after provision for credit losses 179,939 130,497 351,217 262,609
NONINTEREST INCOME        
Noninterest income 13,612 11,748 26,629 23,249
Loan servicing income 1,582 168 3,509 345
Net gain on sales and calls of investment securities 31 4,137 83 4,137
Income from bank owned life insurance 1,327 502 2,492 1,029
Other 7,244 3,070 12,103 5,846
Total noninterest income 23,796 19,625 44,816 34,606
NONINTEREST EXPENSE        
Salaries and employee benefits 63,090 47,734 131,640 96,585
Occupancy 11,851 8,337 24,280 16,309
Equipment 8,724 6,288 18,339 12,157
Professional services 7,435 5,907 13,506 10,823
FDIC assessments and regulatory fees 2,990 2,213 5,980 4,426
Amortization of intangible assets 7,207 2,666 14,429 5,404
Data processing 2,468 2,200 6,341 3,550
Loan related 3,616 3,220 7,122 4,797
Marketing and advertising 696 744 1,603 1,328
Other real estate owned related 47 104 431 2,788
Acquisition and integration costs 5,923 5,639 10,717 5,989
Other 10,426 6,028 20,512 12,562
Total noninterest expense 124,473 91,080 254,900 176,718
Income before income tax expense 79,262 59,042 141,133 120,497
INCOME TAX EXPENSE 21,561 16,557 39,342 34,221
NET INCOME $ 57,701 $ 42,485 $ 101,791 $ 86,276
Basic earnings per share        
Basic (in dollars per share) $ 0.26 $ 0.21 $ 0.46 $ 0.43
Diluted earnings per share        
Diluted (in dollars per share) $ 0.26 $ 0.21 $ 0.46 $ 0.43
Basic weighted-average shares outstanding        
Basic (in shares) 222,262,694 202,007,671 222,212,750 202,003,522
Diluted weighted-average shares outstanding        
Diluted (in shares) 222,452,792 202,067,091 222,385,544 202,062,942
Service charges on deposit accounts        
NONINTEREST INCOME        
Noninterest income $ 6,027 $ 5,492 $ 12,070 $ 10,986
Trust fees and commissions        
NONINTEREST INCOME        
Noninterest income 3,476 3,216 6,546 6,335
ATM network fee income        
NONINTEREST INCOME        
Noninterest income $ 4,109 $ 3,040 $ 8,013 $ 5,928
Common Class A        
Basic earnings per share        
Basic (in dollars per share) $ 0.25 $ 0.20 $ 0.44 $ 0.41
Diluted earnings per share        
Diluted (in dollars per share) $ 0.25 $ 0.20 $ 0.44 $ 0.41
Basic weighted-average shares outstanding        
Basic (in shares) 221,148,246 200,893,223 221,098,302 200,889,074
Diluted weighted-average shares outstanding        
Diluted (in shares) 221,338,344 200,952,643 221,271,096 200,948,494
Common Class B        
Basic earnings per share        
Basic (in dollars per share) $ 2.51 $ 2.00 $ 4.42 $ 4.07
Diluted earnings per share        
Diluted (in dollars per share) $ 2.51 $ 2.00 $ 4.42 $ 4.07
Basic weighted-average shares outstanding        
Basic (in shares) 1,114,448 1,114,448 1,114,448 1,114,448
Diluted weighted-average shares outstanding        
Diluted (in shares) 1,114,448 1,114,448 1,114,448 1,114,448