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 $ 228,730 $ 204,865 $ 672,845 $ 603,488
Investment securities        
Taxable 53,631 36,421 157,026 107,065
Tax-exempt 2,425 2,195 7,423 6,632
Total interest on investment securities 56,056 38,616 164,449 113,697
Other earning assets 4,514 6,773 15,345 19,388
Total interest income 289,300 250,254 852,639 736,573
Interest expense        
Deposits 82,263 77,766 241,248 231,891
Short-term borrowings 4,070 5,979 14,235 19,917
Long-term borrowings 6,711 6,023 20,913 16,714
Total interest expense 93,044 89,768 276,396 268,522
Net interest income 196,256 160,486 576,243 468,051
Provision for Credit Losses-loans and leases 8,975 8,612 27,938 26,837
Provision for credit losses-unfunded commitments (72) 453 (2,305) 730
Net interest income after provision for credit losses 187,353 151,421 550,610 440,484
Noninterest income        
Service Charges on Deposit Accounts 9,031 7,829 26,940 23,058
Wealth management fees 9,135 7,351 27,869 23,275
Bankcard income 3,862 3,589 10,474 10,636
Client derivative fees 2,511 1,876 7,964 5,121
Foreign exchange income 17,485 16,666 46,899 42,970
Operating Lease, Lease Income 22,967 20,997 67,325 60,497
Net gains from sales of loans 5,650 6,835 18,355 17,844
Net gain (loss) on investment securities 247 (42) (1,350) (9,748)
Other 6,733 8,424 16,761 19,018
Total noninterest income 77,658 73,525 233,355 192,671
Noninterest expenses        
Salaries and employee benefits 94,385 80,607 281,158 230,762
Net occupancy 7,591 6,003 22,679 17,867
Furniture and equipment 4,834 3,582 13,837 10,836
Data processing 12,685 9,591 38,893 27,370
Marketing 3,801 2,359 10,069 7,114
Professional services 3,566 2,314 14,939 8,602
FDIC assessments 3,170 2,611 9,693 8,281
Intangible amortization 6,230 2,359 18,720 7,076
Amortization of operating leases 14,315 13,911 43,077 39,868
Other 14,385 10,820 41,509 32,905
Total noninterest expenses 165,736 134,269 496,686 391,016
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 99,275 90,677 287,279 242,139
Income tax expense 18,093 18,754 55,196 48,927
Net income $ 81,182 $ 71,923 $ 232,083 $ 193,212
Earnings per common share        
Basic $ 0.78 $ 0.76 $ 2.23 $ 2.04
Diluted $ 0.77 $ 0.75 $ 2.21 $ 2.02
Average common shares outstanding - basic 103,962,646 94,889,341 103,869,688 94,799,411
Average common shares outstanding - diluted 105,000,875 95,753,798 104,852,419 95,674,093
Investment Program, Proportional Amortization Method, Elected, Equity Method Investment, Income (Loss) from Tax Credit Investment $ 774 $ 112 $ 2,112 $ 335
Gain on bargain purchase $ 37 $ 0 $ 12,118 $ 0