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 and dividend income:        
Real estate secured loans $ 203,496 $ 197,252 $ 590,380 $ 577,097
Commercial loans 84,026 81,943 244,685 236,616
Consumer loans 10,074 10,847 29,927 31,470
Available for sale debt securities, equity securities and Federal Home Loan Bank stock 38,202 33,578 107,460 94,666
Held to maturity debt securities 1,737 1,897 5,309 5,859
Due from banks, Federal funds sold and other short-term investments 736 764 2,173 2,227
Total interest and dividend income 338,271 326,281 979,934 947,935
Interest expense:        
Deposits 101,856 102,094 285,595 295,771
Borrowed funds 19,303 21,307 64,044 63,555
Subordinated debt 9,104 8,548 25,862 25,455
Total interest expense 130,263 131,949 375,501 384,781
Net interest income 208,008 194,332 604,433 563,154
Provision charge for credit losses 5,240 7,044 12,458 4,794
Net interest income after provision for credit losses 202,768 187,288 591,975 558,360
Non-interest income:        
Fees 10,286 11,336 33,009 31,727
Wealth management income 7,825 7,349 22,745 21,625
Insurance agency income 4,737 3,934 17,392 14,732
Bank-owned life insurance 6,479 2,662 14,311 7,340
Net gain (loss) on securities transactions 87 67 (222) 153
Gain on sale of SBA loans 450 512 2,139 1,822
Other income 662 1,559 4,579 4,125
Total non-interest income 30,526 27,419 93,953 81,524
Non-interest expense:        
Compensation and employee benefits 67,958 63,202 201,443 188,817
Net occupancy expense 13,160 12,773 40,609 39,711
Data processing expense 10,369 9,102 29,403 28,305
FDIC insurance 3,155 3,418 9,150 10,144
Amortization of intangibles 8,563 9,497 25,685 28,496
Advertising and promotion expense 1,885 1,640 4,336 4,124
Core system conversion expense 3,661 0 5,169 0
Loss on extinguishment of debt 17,501 0 17,501 0
Other operating expenses 14,429 13,460 43,786 44,376
Total non-interest expense 140,681 113,092 377,082 343,973
Income before income tax expense 92,613 101,615 308,846 295,911
Income tax expense 23,454 29,895 82,122 88,182
Net income $ 69,159 $ 71,720 $ 226,724 $ 207,729
Basic earnings per share (in dollars per share) $ 0.53 $ 0.55 $ 1.74 $ 1.59
Weighted average basic shares outstanding (in shares) 130,389,735 130,506,517 130,410,584 130,439,534
Diluted earnings per share (in dollars per share) $ 0.53 $ 0.55 $ 1.74 $ 1.59
Weighted average diluted shares outstanding (in shares) 130,417,843 130,553,819 130,464,809 130,479,443