v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 989,511 $ 652,592
Securities available-for-sale, at fair value 1,907,374 468,970
Securities held-to-maturity, fair value of $28,572 and $29,446, respectively 33,274 33,839
Loans held-for-sale, at fair value 140,706 100,539
Loans, net of allowance for credit losses of $173,551 and $85,016, respectively 11,394,892 6,588,164
Mortgage servicing rights, at fair value 99,736 86,651
Premises and equipment, net 118,967 81,523
Other real estate owned and foreclosed assets, net 16,808 11,514
Bank-owned life insurance 136,533 83,286
Restricted equity securities 50,155 24,775
Goodwill 102,536 93,483
Core deposits and other intangible assets, net 90,452 4,983
Accrued interest receivable 60,163 32,255
Deferred tax assets, net 255,567 34,873
Prepaid expenses and other assets 321,311 187,715
Total assets 15,717,985 8,485,162
Deposits:    
Noninterest-bearing accounts 2,673,289 1,651,373
Interest-bearing accounts 10,744,715 5,455,983
Total deposits 13,418,004 7,107,356
Securities sold under agreements to repurchase 17,475 11,160
Subordinated debt, net 205,256 36,680
Accrued interest payable 16,897 6,680
Accrued expenses and other liabilities 222,961 169,930
Total liabilities 13,880,593 7,331,806
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued or outstanding, respectively 0 0
Common stock, $0.0001 par value; 80,000,000 and 50,000,000 voting shares authorized, respectively; 44,131,827 and 27,887,337 voting shares issued and outstanding, respectively; 20,000,000 and zero non-voting shares authorized, respectively; 2,633,607 and zero non-voting shares issued and outstanding, respectively 5 3
Additional paid-in capital 1,238,000 549,617
Retained earnings 629,819 631,086
Accumulated other comprehensive loss, net (30,432) (27,350)
Total stockholders’ equity 1,837,392 1,153,356
Total liabilities and stockholders’ equity $ 15,717,985 $ 8,485,162