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UNAUDITED CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:    
Interest and fees on loans $ 228,467 $ 169,981
Taxable interest and dividends on securities 31,160 23,373
Non-taxable interest and dividends on securities 1,442 1,437
Interest on federal funds sold and other short-term investments 4,636 7,820
Total interest and dividend income 265,705 202,611
Interest expense:    
Interest on deposits 75,998 72,460
Interest on borrowings 808 251
Total interest expense 76,806 72,711
Net interest income 188,899 129,900
Provision for allowance for loan losses 6,600 7,451
Net interest income after provision for allowance for loan losses 182,299 122,449
Noninterest (loss) income:    
Investment advisory fees 16,437 6,544
Service charges on deposit accounts 8,315 7,508
Card income 3,920 3,926
Interest rate swap income 488 667
(Loss) income from investments held in rabbi trusts (1,257) 4,318
Losses on sales of mortgage loans held for sale, net (133) (58)
Losses on sales of securities available for sale, net (269,638) 0
Other 5,750 4,787
Total noninterest (loss) income (236,118) 27,692
Noninterest expense:    
Salaries and employee benefits 79,859 64,471
Occupancy and equipment 10,617 9,184
Technology and data processing 18,015 16,509
Professional services 2,924 3,512
Marketing expenses 1,732 1,515
FDIC insurance 3,288 2,285
Amortization of intangible assets 7,808 504
Other 5,877 3,222
Total noninterest expense 130,120 101,202
(Loss) income before income tax expense (183,939) 48,939
Income tax expense 33,727 10,292
Net (loss) income $ (217,666) $ 38,647
Basic (loss) earnings per share (in dollars per share) $ (1.09) $ 0.24
Diluted (loss) earnings per share (in dollars per share) $ (1.08) $ 0.24