Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income (Unaudited)

v3.25.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Interest and fees on loans $ 210,987 $ 205,952 $ 614,444 $ 587,230
Taxable securities 17,338 17,493 49,923 49,630
Nontaxable securities 5 7 16 25
Federal funds sold and securities purchased with agreement to resell 4,724 31 6,336 1,110
Other interest and dividends 18,254 24,496 68,320 64,234
Total interest income 251,308 247,979 739,039 702,229
Interest expense:        
Deposits 98,735 113,211 286,968 321,948
Borrowed funds 19,125 19,647 63,383 56,790
Total interest expense 117,860 132,858 350,351 378,738
Net interest income 133,448 115,121 388,688 323,491
Provision for credit losses 9,463 5,659 27,389 15,883
Net interest income after provision for credit losses 123,985 109,462 361,299 307,608
Noninterest income:        
Securities losses (7,812) 0 (16,375) 0
Bank-owned life insurance income 2,405 2,113 6,668 7,402
Other operating income 655 818 2,401 2,245
Total noninterest income 2,833 8,549 11,531 26,253
Noninterest expenses:        
Salaries and employee benefits 25,522 25,057 70,977 72,256
Equipment and occupancy expense 3,615 3,795 10,860 10,919
Third party processing and other services 8,095 8,035 23,838 22,666
Professional services 1,857 1,715 5,694 4,920
FDIC and other regulatory assessments 2,742 2,355 8,349 8,462
Other real estate owned expense 82 103 142 141
Other operating expenses 6,083 4,572 18,447 14,886
Total noninterest expenses 47,996 45,632 138,307 134,250
Income before income taxes 78,822 72,379 234,523 199,611
Provision for income taxes 13,251 12,472 44,304 37,542
Net income 65,571 59,907 190,219 162,069
Dividends on preferred stock 0 0 31 31
Net income available to common stockholders $ 65,571 $ 59,907 $ 190,188 $ 162,038
Basic earnings per common share (in dollars per share) $ 1.2 $ 1.1 $ 3.48 $ 2.97
Diluted earnings per common share (in dollars per share) $ 1.2 $ 1.1 $ 3.48 $ 2.97
Deposit Account [Member]        
Noninterest income:        
Revenue not from contract with customer $ 3,316 $ 2,341 $ 8,545 $ 6,784
Mortgage Banking [Member]        
Noninterest income:        
Revenue not from contract with customer 1,864 1,352 3,800 3,409
Credit Card [Member]        
Noninterest income:        
Revenue not from contract with customer $ 2,405 $ 1,925 $ 6,492 $ 6,413