v3.26.1
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:        
Loans $ 312,991 $ 328,090 $ 623,153 $ 649,474
Investment securities 107,603 117,346 213,833 231,215
Other 5,916 8,343 11,710 16,779
Total interest income 426,510 453,779 848,696 897,468
Interest expense:        
Deposits 146,605 170,695 295,299 344,905
Borrowings 24,577 36,965 49,082 73,305
Total interest expense 171,182 207,660 344,381 418,210
Net interest income before provision for credit losses 255,328 246,119 504,315 479,258
Provision for credit losses 15,559 15,698 40,145 30,809
Net interest income after provision for credit losses 239,769 230,421 464,170 448,449
Non-interest income:        
Deposit service charges and fees 6,310 5,323 12,529 10,558
Gain on investment securities, net 941 347 4,231 1,291
Lease financing 3,885 4,612 7,232 8,925
Capital markets income 8,081 7,123 11,765 12,021
Other non-interest income 10,022 10,405 18,182 17,285
Total non-interest income 29,239 27,810 53,939 50,080
Non-interest expense:        
Employee compensation and benefits 89,432 83,153 186,121 165,899
Occupancy and equipment 11,192 10,945 22,194 22,288
Deposit insurance expense 5,334 6,976 4,308 14,203
Technology 22,910 23,492 45,325 46,272
Depreciation of operating lease equipment 3,169 3,869 6,535 7,878
Other non-interest expense 42,611 35,892 77,528 68,013
Total non-interest expense 174,648 164,327 342,011 324,553
Income before income taxes 94,360 93,904 176,098 173,976
Provision for income taxes 23,697 25,138 43,560 46,734
Net income $ 70,663 $ 68,766 $ 132,538 $ 127,242
Earnings per common share, basic (in dollars per share) $ 0.97 $ 0.91 $ 1.80 $ 1.70
Earnings per common share, diluted (in dollars per share) $ 0.97 $ 0.91 $ 1.79 $ 1.68