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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Interest and fees on loans $ 214,409 $ 109,641 $ 353,942 $ 208,966
Taxable interest income 23,393 18,878 41,690 38,475
Non-taxable interest income 1,640 295 2,282 635
Dividend income on bank stock 543 98 1,302 185
Other interest income 7,461 3,027 15,045 9,498
Total interest income 247,446 131,939 414,261 257,759
Interest expense        
Deposits 88,147 43,709 145,459 87,677
Federal funds purchased and securities sold under agreements to repurchase 886 1,040 1,762 2,412
Short-term borrowings 496 418 563 650
Long-term debt 743 4 1,030 300
Subordinated notes 2,599 3,177 5,786 6,286
Junior subordinated debt owed to unconsolidated trusts 1,392 1,059 2,747 2,048
Total interest expense 94,263 49,407 157,347 99,373
Net interest income 153,183 82,532 256,914 158,386
Provision for credit losses 5,700 1,908 51,293 6,268
Net interest income after provision for credit losses 147,483 80,624 205,621 152,118
Noninterest income        
Mortgage revenue 776 478 1,105 1,224
Income on bank owned life insurance 1,745 1,442 3,191 2,861
Realized net gains (losses) on the sale of mortgage servicing rights 0 277 0 7,742
Realized net gains (losses) on securities 1 (4) (15,536) (6,806)
Unrealized net gains (losses) recognized on equity securities 5,996 (349) 5,765 78
Other noninterest income 3,238 2,131 7,758 5,322
Total noninterest income 44,863 33,703 66,086 68,616
Noninterest expense        
Salaries, wages, and employee benefits 78,360 43,478 145,923 85,568
Data processing 14,021 7,100 23,596 13,650
Net occupancy expense of premises 7,832 4,590 13,631 9,310
Furniture and equipment expenses 2,409 1,695 4,153 3,508
Professional fees 2,874 2,495 12,385 4,748
Amortization of intangible assets 4,592 2,629 7,675 5,038
Interchange expense 1,297 1,733 2,640 3,344
FDIC insurance 2,424 1,460 4,591 2,860
Other noninterest expense 14,024 10,726 25,269 19,327
Total noninterest expense 127,833 75,906 239,863 147,353
Income before income taxes 64,513 38,421 31,844 73,381
Income taxes 17,109 11,064 14,430 19,799
Net income 47,404 27,357 17,414 53,582
Dividends on preferred stock 155 0 155 0
Net income available to common stockholders $ 47,249 $ 27,357 $ 17,259 $ 53,582
Weighted average number of common shares outstanding, basic (in shares) 89,645,040 56,919,025 79,139,706 56,167,807
Weighted average number of common shares outstanding, diluted (in shares) 90,883,711 57,853,231 80,251,577 57,129,865
Basic earnings per common share (in dollars per share) $ 0.53 $ 0.48 $ 0.22 $ 0.95
Diluted earnings per common share (in dollars per share) $ 0.52 $ 0.47 $ 0.22 $ 0.94
Wealth management fees        
Noninterest income        
Noninterest income $ 16,777 $ 15,917 $ 34,141 $ 31,466
Payment technology solutions        
Noninterest income        
Noninterest income 4,956 5,915 10,029 11,624
Treasury management services        
Noninterest income        
Noninterest income 4,981 2,145 7,998 4,046
Card services and ATM fees        
Noninterest income        
Noninterest income 4,880 3,430 8,589 6,390
Other service charges on deposit accounts        
Noninterest income        
Noninterest income $ 1,513 $ 2,321 $ 3,046 $ 4,669