v3.26.1
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 $ 179,874 $ 177,791 $ 355,950 $ 354,065
Investment securities 73,491 56,928 141,474 110,333
Federal funds sold and securities purchased under agreements to resell 7,059 10,961 21,054 21,491
Total interest income 260,424 245,680 518,478 485,889
Interest expense:        
Deposits 42,176 44,271 85,601 88,001
Federal funds purchased and customer repurchase agreements 5,464 6,352 11,476 13,558
Total interest expense 47,640 50,623 97,077 101,559
Net interest income 212,784 195,057 421,401 384,330
Provision for (recovery of) credit losses 3,535 (7) 6,681 2,913
Net interest income after provision for (recovery of) credit losses 209,249 195,064 414,720 381,417
Other income:        
Mortgage banking revenues 10,615 11,139 20,151 19,866
Investment securities gains, net 616 0 616 109
Other income (loss) 2,042 (11,992) 4,568 (11,136)
Total other income 69,555 50,065 134,643 108,854
Other expenses:        
Salaries and employee benefits 80,036 74,736 156,075 145,983
Net occupancy and equipment 12,392 11,664 24,558 23,510
Computer software and maintenance 5,490 5,227 11,467 11,283
Marketing and business development 5,273 5,417 9,830 10,376
Legal and professional fees 5,569 5,477 11,634 10,356
Bankcard processing, rewards and related costs 8,263 8,090 16,016 15,113
Other expenses 14,331 16,159 28,391 32,410
Total other expenses 131,354 126,770 257,971 249,031
Income before income taxes 147,450 118,359 291,392 241,240
Income taxes 33,677 26,994 66,532 55,077
Net income $ 113,773 $ 91,365 $ 224,860 $ 186,163
Net income per common share - basic (in dollars per share) $ 0.48 $ 0.41 $ 0.94 $ 0.84
Net income per common share - diluted (in dollars per share) $ 0.47 $ 0.41 $ 0.94 $ 0.84
Wealth management services        
Other income:        
Other income revenues $ 23,244 $ 19,319 $ 45,486 $ 38,496
Payment services revenue        
Other income:        
Other income revenues 18,253 17,420 34,623 33,396
Service charges and commissions        
Other income:        
Other income revenues $ 14,785 $ 14,179 $ 29,199 $ 28,123