XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Loans $ 187,845 $ 189,211 $ 369,757 $ 375,775
Debt securities:        
Taxable 19,310 11,765 36,527 23,184
Nontaxable 7,814 5,798 14,933 11,563
Interest-earning deposits 3,368 4,389 8,492 7,958
Dividends on equity securities 630 481 1,038 887
Total interest income 218,967 211,644 430,747 419,367
Interest expense:        
Deposits 59,979 66,374 119,245 130,847
Subordinated debentures and notes 2,737 2,684 5,299 5,168
FHLB advances 1,801 561 2,088 1,590
Other borrowings 1,688 1,496 3,837 3,505
Total interest expense 66,205 71,115 130,469 141,110
Net interest income 152,762 140,529 300,278 278,257
Provision for credit losses 3,470 4,819 8,654 10,575
Net interest income after provision for credit losses 149,292 135,710 291,624 267,682
Noninterest income:        
Total noninterest income 20,604 15,494 39,087 27,652
Noninterest expense:        
Employee compensation and benefits 50,164 44,524 98,372 89,786
Deposit costs 24,765 21,706 48,588 41,983
Occupancy 5,065 4,197 9,495 8,523
Data processing 4,713 5,339 9,522 9,678
Professional fees 2,029 1,298 3,757 2,733
Other expense 18,966 16,953 35,751 34,815
Total noninterest expense 105,702 94,017 205,485 187,518
Income before income tax expense 64,194 57,187 125,226 107,816
Income tax expense 12,810 11,741 23,881 21,969
Net income 51,384 45,446 101,345 85,847
Dividends on preferred stock 937 937 1,875 1,875
Net income available to common stockholders $ 50,447 $ 44,509 $ 99,470 $ 83,972
Earnings per common share        
Basic (usd per share) $ 1.36 $ 1.19 $ 2.69 $ 2.24
Diluted (usd per share) $ 1.36 $ 1.19 $ 2.67 $ 2.24
Deposit service charges        
Noninterest income:        
Total noninterest income $ 4,940 $ 4,542 $ 9,360 $ 8,965
Wealth management revenue        
Noninterest income:        
Total noninterest income 2,584 2,590 5,243 5,134
Card services revenue        
Noninterest income:        
Total noninterest income 2,444 2,497 4,839 4,909
Tax credit income (loss)        
Noninterest income:        
Total noninterest income 2,207 1,874 4,817 (316)
Other income        
Noninterest income:        
Total noninterest income $ 8,429 $ 3,991 $ 14,828 $ 8,960