Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income (Unaudited)

v3.26.3
Consolidated Statements of 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:        
Interest and fees on loans $ 228,652 $ 210,987 $ 659,449 $ 614,444
Debt securities 16,088 17,343 48,014 49,939
Federal funds sold and securities purchased with agreement to resell 3,392 4,724 13,099 6,336
Other interest and dividends 9,221 18,254 28,151 68,320
Total interest income 257,353 251,308 748,713 739,039
Interest expense:        
Deposits 80,414 98,735 238,139 286,968
Borrowed funds 17,125 19,125 46,975 63,383
Total interest expense 97,539 117,860 285,114 350,351
Net interest income 159,814 133,448 463,599 388,688
Provision for credit losses 15,245 9,463 37,294 27,389
Net interest income after provision for credit losses 144,569 123,985 426,305 361,299
Noninterest income:        
Securities losses 148 (7,812) 148 (16,375)
Bank-owned life insurance income 4,343 2,405 11,298 6,668
Other operating income 829 655 2,165 2,401
Total noninterest income 13,112 2,833 36,844 11,531
Noninterest expenses:        
Salaries and employee benefits 26,927 25,522 80,054 70,977
Equipment and occupancy expense 3,381 3,615 11,292 10,860
Third party processing and other services 8,081 8,095 23,568 23,838
Professional services 1,951 1,857 6,121 5,694
FDIC and other regulatory assessments 2,478 2,742 7,977 8,349
Other real estate owned expense 476 82 571 142
Other operating expenses 8,935 6,083 19,991 18,447
Total noninterest expenses 52,229 47,996 149,574 138,307
Income before income taxes 105,452 78,822 313,575 234,523
Provision for income taxes 18,144 13,251 57,503 44,304
Net income 87,308 65,571 256,072 190,219
Dividends on preferred stock 0 0 31 31
Net income available to common stockholders $ 87,308 $ 65,571 $ 256,041 $ 190,188
Basic earnings per common share (in dollars per share) $ 0.8 $ 0.6 $ 2.34 $ 1.74
Diluted earnings per common share (in dollars per share) $ 0.8 $ 0.6 $ 2.34 $ 1.74
Deposit Account [Member]        
Noninterest income:        
Revenue not from contract with customer $ 3,448 $ 3,316 $ 10,082 $ 8,545
Mortgage Banking [Member]        
Noninterest income:        
Revenue not from contract with customer 1,935 1,864 6,048 3,800
Credit Card [Member]        
Noninterest income:        
Revenue not from contract with customer $ 2,409 $ 2,405 $ 7,103 $ 6,492