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 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Interest and fees on loans $ 220,731 $ 206,521 $ 430,797 $ 403,457
Debt securities 15,827 16,567 31,926 32,596
Federal funds sold and securities purchased with agreement to resell 4,146 1,592 9,707 1,612
Other interest and dividends 9,176 21,955 18,930 50,066
Total interest income 249,880 246,635 491,360 487,731
Interest expense:        
Deposits 79,440 93,488 157,725 188,233
Borrowed funds 14,803 21,460 29,850 44,258
Total interest expense 94,243 114,948 187,575 232,491
Net interest income 155,637 131,687 303,785 255,240
Provision for credit losses 11,412 11,296 22,049 17,926
Net interest income after provision for credit losses 144,225 120,391 281,736 237,314
Noninterest income:        
Securities losses 0 (8,563) 0 (8,563)
Bank-owned life insurance income 4,133 2,126 6,955 4,263
Other operating income 708 745 1,336 1,746
Total noninterest income 12,892 421 23,732 8,698
Noninterest expenses:        
Salaries and employee benefits 26,274 22,576 53,127 45,455
Equipment and occupancy expense 3,963 3,523 7,911 7,245
Third party processing and other services 7,962 8,005 15,487 15,743
Professional services 2,227 1,904 4,170 3,837
FDIC and other regulatory assessments 2,753 2,753 4,260 5,607
Other real estate owned expense 75 27 95 60
Other operating expenses 6,707 5,416 12,295 12,364
Total noninterest expenses 49,961 44,204 97,345 90,311
Income before income taxes 107,156 76,608 208,123 155,701
Provision for income taxes 21,363 15,184 39,359 31,053
Net income 85,793 61,424 168,764 124,648
Dividends on preferred stock 31 31 31 31
Net income available to common stockholders $ 85,762 $ 61,393 $ 168,733 $ 124,617
Basic earnings per common share (in dollars per share) $ 1.57 $ 1.12 $ 3.09 $ 2.28
Diluted earnings per common share (in dollars per share) $ 1.57 $ 1.12 $ 3.09 $ 2.28
Deposit Account [Member]        
Noninterest income:        
Revenue not from contract with customer $ 3,338 $ 2,671 $ 6,634 $ 5,229
Mortgage Banking [Member]        
Noninterest income:        
Revenue not from contract with customer 2,221 1,323 4,113 1,936
Credit Card [Member]        
Noninterest income:        
Revenue not from contract with customer $ 2,492 $ 2,119 $ 4,694 $ 4,087