XML 66 R35.htm IDEA: XBRL DOCUMENT v3.25.0.1
Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited) Quarterly Results of Operations (Unaudited)
In connection with the sale of the insurance agency business, which was completed in the fourth quarter of 2023, the Company reclassified certain assets and liabilities and the related results of operations to discontinued operations in the third quarter of 2023. Refer to Note 23, “Discontinued Operations” for further discussion regarding discontinued operations. The following unaudited supplementary information summarizes the retrospective changes to the Consolidated Statements of Income as a result of the decision to sell the insurance agency business for the year ended December 31, 2023 (quarterly information for the year ended December 31, 2024 was provided for comparative purposes):
First QuarterSecond QuarterThird QuarterFourth Quarter
20242023202420232024202320242023
(Dollars in thousands, except per share data)
Interest and dividend income$202,611 $188,880 $207,376 $201,765 $266,018 $202,168 $270,761 $203,646 
Interest expense72,711 50,571 78,727 60,177 96,163 64,963 91,568 70,339 
Net interest income129,900 138,309 128,649 141,588 169,855 137,205 179,193 133,307 
Provision for allowance for loan losses7,451 25 6,126 7,501 46,983 7,328 6,820 5,198 
Net interest income after provision for loan losses122,449 138,284 122,523 134,087 122,872 129,877 172,373 128,109 
Noninterest income (loss)27,692 (309,853)25,348 26,204 33,528 19,157 37,349 26,739 
Noninterest expense101,202 95,891 109,869 99,934 159,753 101,748 137,544 121,029 
Income (loss) from continuing operations before income tax expense48,939 (267,460)38,002 60,357 (3,353)47,286 72,178 33,819 
Income tax expense (benefit)10,292 (65,379)11,671 15,938 2,835 (16,178)11,407 2,310 
Net income (loss) from continuing operations38,647 (202,081)26,331 44,419 (6,188)63,464 60,771 31,509 
Net income (loss) from discontinued operations— 7,985 — 4,238 — (4,351)— 286,994 
Net income (loss)$38,647 $(194,096)$26,331 $48,657 $(6,188)$59,113 $60,771 $318,503 
Basic earnings (loss) per share:
Continuing operations$0.24 $(1.25)$0.16 $0.27 $(0.03)$0.39 $0.30 $0.19 
Discontinued operations— 0.05 — 0.03 — (0.03)— 1.77 
Basic earnings (loss) per share$0.24 $(1.20)$0.16 $0.30 $(0.03)$0.36 $0.30 $1.96 
Diluted earnings (loss) per share:
Continuing operations$0.24 $(1.25)$0.16 $0.27 $(0.03)$0.39 $0.30 $0.19 
Discontinued operations— 0.05 — 0.03 — (0.03)— 1.76 
Diluted earnings (loss) per share$0.24 $(1.20)$0.16 $0.30 $(0.03)$0.36 $0.30 $1.95 
Average common shares outstanding:
Basic162,863,540 161,991,373 163,145,255 162,232,236 196,700,222 162,370,469 201,237,749 162,571,066 
Diluted163,188,410 162,059,431 163,499,296 162,246,675 197,706,644 162,469,887 202,638,608 162,724,398