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CONSOLIDATED STATEMENTS OF INCOME (LOSS) — 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 and leases $ 272,131 $ 228,659 $ 750,008 $ 670,923
Investment securities 36,091 46,265 107,811 140,653
Interest earning deposits 49,639 44,372 132,525 142,695
Loans held for sale 1,589 10,907 8,156 36,626
Other 2,029 1,910 5,889 7,031
Total interest income 361,479 332,113 1,004,389 997,928
Interest expense:        
Deposits 141,983 155,829 407,336 458,338
FHLB advances 12,945 12,590 37,463 39,512
Subordinated debt 3,251 3,537 9,692 8,960
Other borrowings 1,388 1,612 3,837 4,535
Total interest expense 159,567 173,568 458,328 511,345
Net interest income 201,912 158,545 546,061 486,583
Provision for credit losses 26,543 17,066 75,621 52,257
Net interest income after provision for credit losses 175,369 141,479 470,440 434,326
Non-interest income:        
Commercial lease income 11,536 10,093 33,260 30,058
Loan fees 11,443 8,011 27,784 18,524
Bank-owned life insurance 2,165 2,049 9,074 7,317
Mortgage finance transactional fees 1,298 1,087 3,406 3,091
Net gain (loss) on sale of loans and leases 0 (14,548) 2 (14,776)
Net (gain) loss on sale of investment securities 186 0 (1,611) (749)
Impairment loss on debt securities 0 0 (51,319) 0
Unrealized gain on equity method investments 0 0 0 11,041
Other 3,563 1,865 14,711 6,319
Total non-interest income 30,191 8,557 35,307 60,825
Non-interest expense:        
Salaries and employee benefits 48,723 47,717 137,245 128,689
Technology, communication and bank operations 10,415 13,588 32,109 51,719
Commercial lease depreciation 9,463 7,811 26,669 23,610
Professional services 12,281 9,048 37,988 21,505
Loan servicing 4,167 3,778 12,850 11,325
Occupancy 4,370 2,987 11,333 8,454
FDIC assessments, non-income taxes and regulatory fees 8,505 7,902 32,161 31,607
Advertising and promotion 636 908 1,625 2,844
Other 6,657 10,279 22,634 26,886
Total non-interest expense 105,217 104,018 314,614 306,639
Income before income tax expense (benefit) 100,343 46,018 191,133 188,512
Income tax expense (benefit) 24,598 (725) 41,537 33,958
Net income 75,745 46,743 149,596 154,554
Preferred stock dividends 2,019 3,806 8,593 11,391
Loss on redemption of preferred stock 0 0 1,908 0
Net income available to common shareholders, basic 73,726 42,937 139,095 143,163
Net income available to common shareholders, diluted $ 73,726 $ 42,937 $ 139,095 $ 143,163
Basic earnings per common share (usd per share) $ 2.28 $ 1.36 $ 4.37 $ 4.54
Diluted earnings per common share (usd per share) $ 2.20 $ 1.31 $ 4.24 $ 4.37