v3.26.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest and fees on loans $ 182,428 $ 165,937 $ 526,976 $ 413,604
Interest and dividends on investment securities:        
Taxable 12,580 12,033 34,361 24,457
Tax-exempt 1,858 2,014 5,743 4,530
Dividends 843 1,081 2,725 2,758
Interest on federal funds sold and other short-term investments 2,432 6,644 7,640 13,179
Total interest income 200,141 187,709 577,445 458,528
Interest expense        
Deposits 72,102 75,209 207,355 189,440
Borrowings 10,741 10,483 30,349 22,432
Total interest expense 82,843 85,692 237,704 211,872
Net interest income 117,298 102,017 339,741 246,656
Provision for credit losses 5,000 5,500 18,500 44,700
Net interest income after provision for credit losses 112,298 96,517 321,241 201,956
Noninterest income        
Deposit, loan and other income 3,347 3,836 9,954 8,412
Defined benefit pension plan curtailment gain 0 3,501 0 3,501
Employee retention tax credit 0 6,608 0 6,608
Income on bank owned life insurance 4,136 2,931 10,104 6,602
Gains (losses) on sale of loans held-for-sale     (19,805) 1,372
(Losses) gains on equity securities (159) 1,674 (28) 2,550
Total noninterest income (14,498) 19,409 225 29,045
Noninterest expenses        
Salaries and employee benefits 32,922 32,401 97,227 80,212
Occupancy and equipment 4,968 5,122 15,832 11,280
FDIC insurance 1,500 2,400 5,200 6,200
Professional and consulting 3,278 2,929 9,513 7,893
Marketing and advertising 951 771 3,038 2,206
Information technology and communications 5,277 5,243 15,914 14,639
Restructuring and exit charges 0 994 0 994
Merger expenses and restructuring charges 0 1,898 2,233 33,963
Bank owned life insurance restructuring charge 0 0 0 327
Amortization of core deposit intangibles 2,846 3,196 8,536 4,726
Other expenses 3,627 3,719 11,161 9,187
Total noninterest expenses 55,369 58,673 168,654 171,627
Income before income tax expense 42,431 57,253 152,812 59,374
Income tax expense 11,032 16,277 41,923 18,449
Net income 31,399 40,976 110,889 40,925
Preferred dividends 1,509 1,509 4,527 4,527
Net income available to common stockholders $ 29,890 $ 39,467 $ 106,362 $ 36,398
Earnings per common share        
Basic (in dollars per share) $ 0.59 $ 0.79 $ 2.12 $ 0.83
Diluted (in dollars per share) $ 0.59 $ 0.78 $ 2.1 $ 0.83
All Segments Excluding Commercial Real Estate Restructuring [Member]        
Noninterest income        
Gains (losses) on sale of loans held-for-sale $ 1,203 $ 859 $ 3,220 $ 1,372
Commercial Real Estate Portfolio Segment [Member]        
Noninterest income        
Gains (losses) on sale of loans held-for-sale $ (23,025) $ 0 $ (23,025) $ 0