XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF INCOME (LOSS) — UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Loans and leases $ 228,659 $ 271,107 $ 670,923 $ 757,064
Investment securities 46,265 54,243 140,653 149,585
Interest earning deposits 44,372 43,800 142,695 81,819
Loans held for sale 10,907 4,664 36,626 27,514
Other 1,910 2,526 7,031 5,463
Total interest income 332,113 376,340 997,928 1,021,445
Interest expense:        
Deposits 155,829 145,825 458,338 426,130
FHLB advances 12,590 26,485 39,512 61,140
FRB advances 0 0 0 6,286
Subordinated debt 3,537 2,689 8,960 8,067
Other borrowings 1,612 1,568 4,535 4,879
Total interest expense 173,568 176,567 511,345 506,502
Net interest income 158,545 199,773 486,583 514,943
Provision for credit losses 17,066 17,856 52,257 61,088
Net interest income after provision for credit losses 141,479 181,917 434,326 453,855
Non-interest income:        
Commercial lease income 10,093 8,901 30,058 27,144
Loan fees 8,011 6,029 18,524 14,290
Bank-owned life insurance 2,049 1,973 7,317 9,617
Mortgage finance transactional fees 1,087 1,018 3,091 3,468
Net gain (loss) on sale of loans and leases (14,548) (348) (14,776) (1,109)
Loss on sale of capital call lines of credit 0 0 0 (5,037)
Net gain (loss) on sale of investment securities 0 (429) (749) (429)
Unrealized gain on equity method investments 0 0 11,041 0
Other 1,865 631 6,319 3,949
Total non-interest income 8,557 17,775 60,825 51,893
Non-interest expense:        
Salaries and employee benefits 47,717 33,845 128,689 99,310
Technology, communication and bank operations 13,588 15,667 51,719 48,663
Commercial lease depreciation 7,811 7,338 23,610 22,541
Professional services 9,048 8,569 21,505 25,357
Loan servicing 3,778 3,858 11,325 13,296
Occupancy 2,987 2,471 8,454 7,750
FDIC assessments, non-income taxes and regulatory fees 7,902 8,551 31,607 21,059
Advertising and promotion 908 650 2,844 2,245
Legal settlement expense 0 4,096 0 4,096
Other 10,279 4,421 26,886 14,579
Total non-interest expense 104,018 89,466 306,639 258,896
Income before income tax expense (benefit) 46,018 110,226 188,512 246,852
Income tax expense (benefit) (725) 23,470 33,958 58,801
Net income 46,743 86,756 154,554 188,051
Preferred stock dividends 3,806 3,803 11,391 10,826
Net income available to common shareholders, basic 42,937 82,953 143,163 177,225
Net income available to common shareholders, diluted $ 42,937 $ 82,953 $ 143,163 $ 177,225
Basic earnings per common share (usd per share) $ 1.36 $ 2.65 $ 4.54 $ 5.63
Diluted earnings per common share (usd per share) $ 1.31 $ 2.58 $ 4.37 $ 5.53