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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 181,041 $ 129,444
Interest-bearing deposits 113,011 568,215
Total cash and cash equivalents 294,052 697,659
Debt securities available for sale 2,162,548 1,810,221
Debt securities held to maturity 746,385 826,630
Equity securities 14,916 15,862
Loans held for sale 5,752 3,657
Portfolio loans (net of ACL of $174,023 at December 31, 2025, and $83,404 at December 31, 2024) 13,393,776 7,613,683
Restricted bank stock 77,006 49,930
Premises and equipment, net 193,444 118,820
Goodwill 383,280 333,695
Other intangible assets, net 97,449 32,280
Cash surrender value of bank owned life insurance 260,402 185,087
Other assets 475,726 359,198
Total assets 18,104,736 12,046,722
Deposits:    
Noninterest-bearing 3,659,421 2,719,907
Interest-bearing 11,246,537 7,262,583
Total deposits 14,905,958 9,982,490
Securities sold under agreements to repurchase 166,929 155,610
Long-term borrowings 113,806 0
Subordinated notes, net of unamortized issuance costs 99,395 227,723
Junior subordinated debt owed to unconsolidated trusts 77,328 74,815
Other liabilities 272,338 222,815
Total liabilities 15,635,754 10,663,453
Outstanding commitments and contingent liabilities (see Notes 7 and 18)
Stockholders’ equity    
Preferred stock, $0.001 par value, liquidation preference $222,750 at December 31, 2025 and zero at December 31, 2024 0 0
Common stock, $0.001 par value 93 60
Additional paid-in capital 2,375,511 1,360,530
Retained earnings 336,707 294,054
AOCI (124,473) (207,039)
Total stockholders’ equity before treasury stock 2,587,838 1,447,605
Treasury stock at cost (118,856) (64,336)
Total stockholders’ equity 2,468,982 1,383,269
Total liabilities and stockholders’ equity $ 18,104,736 $ 12,046,722
Preferred shares issued (in shares) 222,750 0
Preferred shares outstanding (in shares) 222,750 0
Common shares issued (in shares) 92,694,541 59,546,273
Less: Treasury (in shares) 5,070,111 2,650,292
Common shares outstanding (in shares) 87,624,430 56,895,981