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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 190,658 $ 129,444
Interest-bearing deposits 1,009,634 568,215
Total cash and cash equivalents 1,200,292 697,659
Debt securities available for sale 2,273,874 1,810,221
Debt securities held to maturity 815,402 826,630
Equity securities 10,828 15,862
Loans held for sale 7,270 3,657
Portfolio loans (net of ACL of $195,210 at March 31, 2025, and $83,404 at December 31, 2024) 13,673,147 7,613,683
Restricted bank stock 53,518 49,930
Premises and equipment, net 182,003 118,820
Right of use assets 40,594 10,608
Goodwill 385,139 333,695
Other intangible assets, net 110,979 32,280
Cash surrender value of bank owned life insurance 256,432 185,087
Other assets 454,774 348,590
Total assets 19,464,252 12,046,722
Deposits:    
Noninterest-bearing 3,693,070 2,719,907
Interest-bearing 12,766,400 7,262,583
Total deposits 16,459,470 9,982,490
Securities sold under agreements to repurchase 137,340 155,610
Short-term borrowings 11,209 0
Long-term debt 78,542 0
Subordinated notes, net of unamortized issuance costs 227,967 227,723
Junior subordinated debt owed to unconsolidated trusts 77,117 74,815
Lease liabilities 41,111 11,040
Other liabilities 251,890 211,775
Total liabilities 17,284,646 10,663,453
Outstanding commitments and contingent liabilities (see Notes 5 and 11)
Stockholders’ equity    
Common stock ($0.001 par value; 200,000,000 shares authorized at March 31, 2025, and 100,000,000 shares authorized at December 31, 2024) 93 60
Additional paid-in capital 2,167,275 1,360,530
Retained earnings 249,484 294,054
AOCI (172,810) (207,039)
Total stockholders’ equity before treasury stock 2,244,042 1,447,605
Treasury stock at cost (64,436) (64,336)
Total stockholders’ equity 2,179,606 1,383,269
Total liabilities and stockholders’ equity $ 19,464,252 $ 12,046,722
Shares    
Preferred shares outstanding (in shares) 7,750 0
Preferred shares issued (in shares) 7,750 0
Common shares issued (in shares) 92,694,541 59,546,273
Less: Treasury shares (in shares) 2,686,363 2,650,292
Common shares outstanding (in shares) 90,008,178 56,895,981