XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed 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:        
Loans $ 191,397 $ 191,505 $ 561,154 $ 567,280
Debt securities:        
Taxable 21,175 13,067 57,702 36,251
Nontaxable 8,650 5,921 23,583 17,484
Interest-earning deposits 3,638 5,348 12,130 13,306
Dividends on equity securities 530 463 1,568 1,350
Total interest income 225,390 216,304 656,137 635,671
Interest expense:        
Deposits 61,615 68,768 180,860 199,615
Subordinated debentures and notes 2,683 2,695 7,982 7,863
FHLB advances 1,207 59 3,295 1,649
Other borrowings 1,599 1,313 5,436 4,818
Total interest expense 67,104 72,835 197,573 213,945
Net interest income 158,286 143,469 458,564 421,726
Provision for credit losses 8,447 4,099 17,101 14,674
Net interest income after provision for credit losses 149,839 139,370 441,463 407,052
Noninterest income:        
Total noninterest income 48,624 21,420 87,711 49,072
Noninterest expense:        
Employee compensation and benefits 49,640 45,359 148,012 135,145
Deposit costs 27,172 23,781 75,760 65,764
Occupancy 4,895 4,372 14,390 12,895
Data processing 5,022 5,548 14,544 15,226
Professional fees 2,620 1,595 6,377 4,328
Other expense 20,441 17,352 56,192 52,167
Total noninterest expense 109,790 98,007 315,275 285,525
Income before income tax expense 88,673 62,783 213,899 170,599
Income tax expense (includes $32.1 million related to recaptured tax credits for the three and nine months ended September 30, 2025) (Note 13) 43,438 12,198 67,319 34,167
Net income 45,235 50,585 146,580 136,432
Dividends on preferred stock 938 938 2,813 2,813
Net income available to common stockholders $ 44,297 $ 49,647 $ 143,767 $ 133,619
Earnings per common share        
Basic (usd per share) $ 1.20 $ 1.33 $ 3.89 $ 3.57
Diluted (usd per share) $ 1.19 $ 1.32 $ 3.86 $ 3.56
Deposit service charges        
Noninterest income:        
Total noninterest income $ 4,935 $ 4,649 $ 14,295 $ 13,614
Wealth management revenue        
Noninterest income:        
Total noninterest income 2,571 2,599 7,814 7,733
Card services revenue        
Noninterest income:        
Total noninterest income 2,535 2,573 7,374 7,482
Tax credit income (loss)        
Noninterest income:        
Total noninterest income (300) 3,252 4,517 2,936
Other income        
Noninterest income:        
Total noninterest income $ 38,883 $ 8,347 $ 53,711 $ 17,307