v3.26.1
Condensed Consolidated Statements of 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        
Interest and fees on loans $ 142,697 $ 142,972 $ 284,598 $ 275,106
Interest and dividends on investments:        
Taxable interest 14,478 14,448 27,129 27,916
Interest exempt from federal income taxes 87 91 173 186
Dividends 537 694 1,150 1,231
Interest on bank deposits 1,523 721 3,490 1,615
Total interest income 159,322 158,926 316,540 306,054
Interest Expense        
Interest on deposits 44,918 47,919 90,369 95,923
Interest on short-term borrowings 146 1,506 315 1,866
Interest on subordinated debentures 1,782 1,838 3,572 3,676
Interest on other long-term debt 0 1,381 798 2,743
Interest on lease obligations 34 41 70 83
Total interest expense 46,880 52,685 95,124 104,291
Net Interest Income 112,442 106,241 221,416 201,763
Provision for credit losses - portfolio 8,931 8,898 19,664 14,634
Provision for credit losses - acquisition day 1 non-PCD 0 3,759 0 3,759
Net Interest Income after Provision for Credit Losses 103,511 93,584 201,752 183,370
Noninterest Income        
Gain Losses Maturities And Impairment 311 0 540 (5,142)
Gain (Loss) on Equity Securities 0 0 0 5,146
Trust income 3,583 3,029 6,991 6,051
Service charges on deposit accounts 5,744 5,595 11,274 11,033
Insurance and retail brokerage commissions 3,085 3,097 6,352 6,267
Income from bank owned life insurance 2,144 1,938 3,940 3,440
Gain on sale of mortgage loans 2,337 1,836 4,552 3,223
Gain on sale of other loans and assets 2,028 2,217 4,210 3,605
Amortization of Debt Discount (Premium) 806 0 806 0
Card-related interchange income 4,005 3,998 7,666 7,652
Derivatives mark to market 95 0 89 (153)
Swap fee income 383 439 505 1,274
Other income 2,476 2,600 4,659 4,855
Total noninterest income 26,997 24,749 51,584 47,251
Noninterest Expense        
Salaries and employee benefits 42,734 40,584 85,608 80,999
Net occupancy expense 5,017 4,894 10,582 10,623
Furniture and equipment expense 4,174 4,547 8,997 8,740
Data processing expense 4,152 4,085 8,335 7,902
Advertising and promotion 1,438 1,457 3,109 2,829
Intangible amortization 1,505 1,338 2,835 2,675
Intangible amortization 1,303 1,311 2,667 2,442
Other professional fees and services 1,650 1,903 2,756 3,523
FDIC insurance 1,147 1,550 2,736 2,929
Loss on sale or write-down of assets 86 71 653 286
Litigation and operational losses 776 470 1,633 1,263
Business Combination, Integration-Related Cost, Expense (106) (3,955) (223) (4,064)
Other Noninterest Expense 10,147 10,103 19,696 19,243
Total noninterest expense 74,235 76,268 149,830 147,518
Income Before Income Taxes 56,273 42,065 103,506 83,103
Income tax provision 11,684 8,663 21,369 17,005
Net Income $ 44,589 $ 33,402 $ 82,137 $ 66,098
Average Shares Outstanding (in shares) 101,194,246 103,628,392 101,653,489 102,602,937
Average Shares Outstanding Assuming Dilution (in shares) 101,558,853 103,928,428 101,970,008 102,886,345
Per Share Data:        
Basic Earnings per Share (in dollars per share) $ 0.44 $ 0.32 $ 0.81 $ 0.64
Diluted Earnings per Share (in dollars per share) 0.44 0.32 0.81 0.64
Cash Dividends Declared per Common Share (in dollars per share) $ 0.140 $ 0.135 $ 0.275 $ 0.265