v3.26.3
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income/(loss)
Beginning balance (in shares) at Dec. 31, 2024   127,508,003      
Beginning balance at Dec. 31, 2024 $ 1,596,856 $ 1,275 $ 1,033,385 $ 673,110 $ (110,914)
Comprehensive income:          
Net income 80,300     80,300  
Other comprehensive income (loss), net of tax 23,652       23,652
Total comprehensive income 103,952     80,300 23,652
Acquisition of Penns Woods Bancorp, Inc. (in shares)   18,226,469      
Acquisition of Penns Woods Bancorp, Inc. 230,200 $ 182 230,018    
Exercise of stock options (in shares)   83,316      
Exercise of stock options 763 $ 1 762    
Stock-based compensation expense (in shares)   306,288      
Stock-based compensation expense 4,532 $ 3 4,529    
Common shares returned (in shares) [1]   (27,019)      
Dividends paid (80,567)     (80,567)  
Ending balance (in shares) at Sep. 30, 2025   146,097,057      
Ending balance at Sep. 30, 2025 1,855,736 $ 1,461 1,268,694 672,843 (87,262)
Beginning balance (in shares) at Jun. 30, 2025   127,842,403      
Beginning balance at Jun. 30, 2025 1,642,068 $ 1,278 1,037,615 699,049 (95,874)
Comprehensive income:          
Net income 3,167     3,167  
Other comprehensive income (loss), net of tax 8,612       8,612
Total comprehensive income 11,779     3,167 8,612
Acquisition of Penns Woods Bancorp, Inc. (in shares)   18,226,469      
Acquisition of Penns Woods Bancorp, Inc. 230,200 $ 182 230,018    
Exercise of stock options (in shares)   18,182      
Exercise of stock options 177 $ 1 176    
Stock-based compensation expense (in shares)   14,550      
Stock-based compensation expense 885   885    
Common shares returned (in shares) [1]   (4,547)      
Dividends paid (29,373)     (29,373)  
Ending balance (in shares) at Sep. 30, 2025   146,097,057      
Ending balance at Sep. 30, 2025 $ 1,855,736 $ 1,461 1,268,694 672,843 (87,262)
Beginning balance (in shares) at Dec. 31, 2025 146,107,964 146,107,964      
Beginning balance at Dec. 31, 2025 $ 1,890,424 $ 1,461 1,270,444 689,210 (70,691)
Comprehensive income:          
Net income 154,801     154,801  
Other comprehensive income (loss), net of tax (71,210)       (71,210)
Total comprehensive income 83,591     154,801 (71,210)
Exercise of stock options (in shares)   210,481      
Exercise of stock options 2,572 $ 2 2,570    
Stock-based compensation expense (in shares)   355,872      
Stock-based compensation expense 5,555 $ 4 5,551    
Common shares returned (in shares) [1]   (114,892)      
Common shares returned [1] (1,445) $ (1) (1,444)    
Dividends paid $ (88,463)     (88,463)  
Ending balance (in shares) at Sep. 30, 2026 146,559,425 146,559,425      
Ending balance at Sep. 30, 2026 $ 1,892,234 $ 1,466 1,277,121 755,548 (141,901)
Beginning balance (in shares) at Jun. 30, 2026   146,396,520      
Beginning balance at Jun. 30, 2026 1,927,407 $ 1,464 1,274,117 734,423 (82,597)
Comprehensive income:          
Net income 50,719     50,719  
Other comprehensive income (loss), net of tax (59,304)       (59,304)
Total comprehensive income (8,585)     50,719 (59,304)
Exercise of stock options (in shares)   111,796      
Exercise of stock options 1,464 $ 1 1,463    
Stock-based compensation expense (in shares)   57,128      
Stock-based compensation expense 1,631 $ 1 1,630    
Common shares returned (in shares) [1]   (6,019)      
Common shares returned [1] (89)   (89)    
Dividends paid $ (29,594)     (29,594)  
Ending balance (in shares) at Sep. 30, 2026 146,559,425 146,559,425      
Ending balance at Sep. 30, 2026 $ 1,892,234 $ 1,466 $ 1,277,121 $ 755,548 $ (141,901)
[1] includes shares withheld for taxes and forfeitures