Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income (Unaudited)

v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Interest and fees on loans $ 210,066 $ 196,936
Investment securities 16,099 16,029
Federal funds sold and securities purchased with agreement to resell 5,561 20
Other interest and dividends 9,754 28,111
Total interest income 241,480 241,096
Interest expense:    
Deposits 78,285 94,745
Borrowed funds 15,047 22,798
Total interest expense 93,332 117,543
Net interest income 148,148 123,553
Provision for credit losses 10,637 6,630
Net interest income after provision for credit losses 137,511 116,923
Noninterest income:    
Bank-owned life insurance income 2,822 2,137
Other operating income 628 1,001
Total noninterest income 10,840 8,277
Noninterest expenses:    
Salaries and employee benefits 26,853 22,879
Equipment and occupancy expense 3,948 3,722
Third party processing and other services 7,525 7,738
Professional services 1,943 1,933
FDIC and other regulatory assessments 2,745 2,854
Other real estate owned expense 20 33
Other operating expenses 4,350 6,948
Total noninterest expenses 47,384 46,107
Income before income taxes 100,967 79,093
Provision for income taxes 17,996 15,869
Net income 82,971 63,224
Dividends on preferred stock 0 0
Net income available to common stockholders $ 82,971 $ 63,224
Basic earnings per common share (in dollars per share) $ 1.52 $ 1.16
Diluted earnings per common share (in dollars per share) $ 1.52 $ 1.16
Deposit Account [Member]    
Noninterest income:    
Revenue not from contract with customer $ 3,296 $ 2,558
Mortgage Banking [Member]    
Noninterest income:    
Revenue not from contract with customer 1,892 613
Credit Card [Member]    
Noninterest income:    
Revenue not from contract with customer $ 2,202 $ 1,968