v3.26.3
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income:        
Loans, including fees $ 173,780 $ 179,055 $ 515,201 $ 523,194
Investment securities:        
Taxable 44,205 41,472 126,760 123,805
Tax-exempt 1,374 1,503 4,140 4,544
Other interest income 6,533 4,748 14,806 10,841
Total interest income 225,892 226,778 660,907 662,384
Interest expense:        
Savings deposits 20,283 21,486 57,202 63,254
Time deposits 24,390 26,118 73,602 76,768
Securities sold under repurchase agreements 4,821 5,115 13,804 14,059
Other borrowings 360 118 494 2,263
Junior subordinated deferrable interest debentures 1,552 1,710 4,586 5,093
Total interest expense 51,406 54,547 149,688 161,437
Net interest income 174,486 172,231 511,219 500,947
Credit loss expense 1,625 1,827 15,754 9,554
Net interest income after provision for credit losses 172,861 170,404 495,465 491,393
Non-interest income:        
Investment securities transactions, net   (1)   (1)
Other investments income, net 11,742 3,645 16,217 2,735
Other income 5,206 5,673 15,557 14,606
Total non-interest income 54,413 45,851 140,959 123,518
Non-interest expense:        
Employee compensation and benefits 38,658 37,613 118,717 114,475
Occupancy 7,784 7,986 21,343 21,662
Depreciation of bank premises and equipment 6,181 5,697 18,582 16,796
Professional fees 4,069 4,647 11,055 12,292
Deposit insurance assessments 1,880 1,797 5,554 5,330
Net operations, other real estate owned 258 1,546 681 2,912
Advertising 1,638 1,724 5,033 5,177
Software and software maintenance 5,670 5,657 17,198 16,788
Other 16,509 13,096 43,137 35,907
Total non-interest expense 82,647 79,763 241,300 231,339
Income before income taxes 144,627 136,492 395,124 383,572
Provision for income taxes 30,154 28,117 82,653 78,163
Net income $ 114,473 $ 108,375 $ 312,471 $ 305,409
Basic earnings per common share:        
Weighted average number of shares outstanding (in shares) 62,192,959 62,157,827 62,184,190 62,174,048
Net income per common share (in dollars per share) $ 1.84 $ 1.74 $ 5.02 $ 4.91
Fully diluted earnings per common share:        
Weighted average number of shares outstanding (in shares) 62,263,192 62,245,032 62,257,703 62,260,725
Net income per common share (in dollars per share) $ 1.84 $ 1.74 $ 5.02 $ 4.91
Service charges on deposit accounts        
Non-interest income:        
Service charges on deposit accounts $ 20,520 $ 19,239 $ 58,448 $ 54,894
Other service charges, commissions and fees, Banking        
Non-interest income:        
Service charges on deposit accounts 14,521 14,872 43,513 43,876
Other service charges, commissions and fees, Non-banking        
Non-interest income:        
Service charges on deposit accounts $ 2,424 $ 2,423 $ 7,224 $ 7,408