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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income        
Interest and fees on loans $ 214,357 $ 111,336 $ 568,299 $ 320,302
Taxable interest income 22,146 17,789 63,836 56,264
Non-taxable interest income 1,644 283 3,926 918
Dividend income on bank stock 871 106 2,173 291
Other interest income 5,487 5,092 20,532 14,590
Total interest income 244,505 134,606 658,766 392,365
Interest expense        
Deposits 84,611 46,634 230,070 134,311
Federal funds purchased and securities sold under agreements to repurchase 976 981 2,738 3,393
Short-term borrowings 26 26 589 676
Long-term borrowings 937 0 1,967 300
Subordinated notes 1,417 3,181 7,203 9,467
Junior subordinated debt owed to unconsolidated trusts 1,401 1,137 4,148 3,185
Total interest expense 89,368 51,959 246,715 151,332
Net interest income 155,137 82,647 412,051 241,033
Provision for credit losses (985) 409 50,308 6,677
Net interest income after provision for credit losses 156,122 82,238 361,743 234,356
Noninterest income        
Mortgage revenue 657 355 1,762 1,579
Income on bank owned life insurance 1,623 1,189 4,814 4,050
Realized net gains (losses) on the sale of mortgage servicing rights 0 (18) 0 7,724
Realized net gains (losses) on securities (13) (11) (15,549) (6,817)
Unrealized net gains (losses) recognized on equity securities (275) 833 5,490 911
Other noninterest income 5,916 4,706 13,674 10,028
Total noninterest income 41,198 35,845 107,284 104,461
Noninterest expense        
Salaries, wages, and employee benefits 74,145 44,593 220,068 130,161
Data processing 9,714 6,910 33,310 20,560
Net occupancy expense of premises 7,982 4,633 21,613 13,943
Furniture and equipment expenses 2,143 1,647 6,296 5,155
Professional fees 2,931 3,118 15,316 7,866
Amortization of intangible assets 4,507 2,548 12,182 7,586
Interchange expense 1,336 1,352 3,976 4,696
FDIC insurance 3,151 1,413 7,742 4,273
Other noninterest expense 14,109 9,305 39,378 28,632
Total noninterest expense 120,018 75,519 359,881 222,872
Income before income taxes 77,302 42,564 109,146 115,945
Income taxes 20,204 10,560 34,634 30,359
Net income 57,098 32,004 74,512 85,586
Dividends on preferred stock 5,131 0 5,286 0
Net income available to common stockholders $ 51,967 $ 32,004 $ 69,226 $ 85,586
Weighted average number of common shares outstanding, basic (in shares) 89,136,898 57,033,359 82,508,723 56,458,430
Weighted average number of common shares outstanding, diluted (in shares) 90,218,382 57,967,848 83,609,999 57,411,299
Basic earnings per common share (in dollars per share) $ 0.58 $ 0.56 $ 0.84 $ 1.52
Diluted earnings per common share (in dollars per share) $ 0.58 $ 0.55 $ 0.83 $ 1.49
Wealth management fees        
Noninterest income        
Noninterest income $ 17,184 $ 15,378 $ 51,325 $ 46,844
Payment technology solutions        
Noninterest income        
Noninterest income 5,092 5,265 15,121 16,889
Treasury management services        
Noninterest income        
Noninterest income 4,598 2,201 12,596 6,247
Card services and ATM fees        
Noninterest income        
Noninterest income 4,799 3,557 13,388 9,947
Other service charges on deposit accounts        
Noninterest income        
Noninterest income $ 1,617 $ 2,390 $ 4,663 $ 7,059