v3.26.3
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income:        
Loans and leases, including fees $ 171,500 $ 110,825 $ 443,984 $ 328,741
Investment securities:        
Investment securities available-for-sale 29,384 18,867 72,013 55,900
Investment securities held-to-maturity 12,180 12,812 36,968 38,719
Total investment income 41,564 31,679 108,981 94,619
Dividends from FHLB, FRB, and other stock 2,039 377 4,577 1,167
Interest-earning deposits with other institutions 5,546 7,231 14,345 12,796
Total interest income 220,649 150,112 571,887 437,323
Interest expense:        
Deposits 31,965 26,096 87,136 76,247
Borrowings and customer repurchase agreements 8,582 8,109 23,261 22,310
Subordinated debentures 780 0 1,419 0
Other 256 330 750 1,137
Total interest expense 41,583 34,535 112,566 99,694
Net interest income before provision for (recapture of) credit losses 179,066 115,577 459,321 337,629
Provision for (recapture of) credit losses (1,000) 1,000 2,000 (1,000)
Net interest income after provision for (recapture of) credit losses 180,066 114,577 457,321 338,629
Noninterest income:        
BOLI income 4,072 3,267 10,703 9,326
Loss on sale of available-for-sale investment securities 0 (8,185) 0 (8,185)
(Loss) gain on other real estate owned ('''OREO''), net (134) 0 (134) 2,183
Other 2,451 8,506 7,757 12,965
Total noninterest income 16,494 13,006 47,783 43,978
Noninterest expense:        
Salaries and employee benefits 47,608 35,876 131,637 107,352
Occupancy and equipment 8,510 5,823 22,878 17,927
Professional services 3,708 2,350 9,476 6,622
Computer software expense 5,744 4,350 16,183 12,981
Marketing and promotion 2,692 1,738 6,851 5,543
Amortization of intangible assets 3,980 1,003 8,407 3,312
Provision for unfunded loan commitments 0 500 4,750 1,000
Acquisition related expenses 8,140 0 40,669 0
Other 10,098 6,936 24,575 20,539
Total noninterest expense 90,480 58,576 265,426 175,276
Earnings before income taxes 106,080 69,007 239,678 207,331
Income tax expense 27,982 16,421 62,317 53,077
Net earnings 78,098 52,586 177,361 154,254
Other comprehensive income        
Unrealized (loss) gain on securities and derivatives arising during the period, before tax (94,799) 28,752 (95,420) 93,726
Less: Income tax benefit (expense) related to items of other comprehensive income 27,559 (8,396) 27,739 (29,438)
Other comprehensive (loss) income, net of tax (67,240) 20,356 (67,681) 64,288
Comprehensive income $ 10,858 $ 72,942 $ 109,680 $ 218,542
Basic earnings per common share $ 0.44 $ 0.38 $ 1.11 $ 1.12
Diluted earnings per common share $ 0.44 $ 0.38 $ 1.11 $ 1.11
Service Charges on Deposit Accounts [Member]        
Noninterest income:        
Revenue from contract with customer $ 5,562 $ 4,859 $ 15,715 $ 14,726
Trust and Investment Services [Member]        
Noninterest income:        
Revenue from contract with customer 3,825 3,875 11,733 11,002
Bankcard Services [Member]        
Noninterest income:        
Revenue from contract with customer $ 718 $ 684 $ 2,009 $ 1,961