Acquisition (Tables)

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Business Combination

The following table provides the preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed from FineMark as of January 1, 2026:

(In thousands)	Fair Value
Purchase consideration
Fair value of common stock issued	$	519,865
Fair value of equity interest in FineMark held by the Company prior to acquisition	4,614
Cash for fractional shares	8
Fair value of total consideration	$	524,487
Assets
Loans, net of allowance for credit losses on loans	$	2,607,866
Trading securities	541,967
Other investments	27,180
Interest earning deposits with banks	483,821
Cash and due from banks	17,547
Premises and equipment	47,074
Identifiable intangible assets	138,082
Other assets	102,979
Total assets acquired	$	3,966,516
Liabilities
Non-interest bearing deposits	$	425,140
Interest-bearing deposits	2,684,381
Repurchase agreements	63,018
Other borrowings	351,458
Other liabilities	25,298
Total liabilities assumed	$	3,549,295
Preliminary fair value of net assets acquired	$	417,221
Preliminary goodwill	107,266

Schedule of Financing Receivables, Purchased Seasoned Loans

The following table includes the fair value and unpaid principal balance of the acquired loans as of January 1, 2026:

(In thousands)	Unpaid principal balance		Premium / (discount)		Loans		Allowance for credit losses		Net loans
Purchased seasoned loans	$	2,351,772	$	(76,873)	$	2,274,899	$	(19,870)	$	2,255,029
PCD loans	368,533		(12,738)		355,795		(2,958)		352,837
Total	$	2,720,305	$	(89,611)	$	2,630,694	$	(22,828)	$	2,607,866

Business Combination, Pro Forma Information

The following table presents pro forma combined information as if FineMark had been acquired on January 1, 2025. These results combine the historical results of FineMark into the Company’s consolidated statement of income, and while adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity, the results do not necessarily reflect the results of operations that would have occurred had the acquisition taken place on January 1, 2025. Furthermore, cost savings and other business synergies related to the acquisition are not reflected in the pro forma combined amounts.

	Pro Forma Combined Results
	For the Three Months Ended
(In thousands)	March 31, 2026		March 31, 2025
Total revenue *	$	468,428	$	455,698
Net Income	150,695		135,690

*Total revenue is comprised of net interest income and non-interest income.