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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Loans and lease financing $ 193,393 $ 202,068 $ 385,495 $ 401,912
Available-for-sale investment securities 12,469 14,143 25,619 28,689
Held-to-maturity investment securities 16,299 17,575 32,946 35,368
Other 14,578 11,148 27,829 23,917
Total interest income 236,739 244,934 471,889 489,886
Interest expense        
Deposits 70,289 85,609 141,998 169,752
Short-term borrowings 2,627 5,953 5,226 11,906
Other 240 521 556 950
Total interest expense 73,156 92,083 147,780 182,608
Net interest income 163,583 152,851 324,109 307,278
Provision for credit losses 4,500 1,800 15,000 8,100
Net interest income after provision for credit losses 159,083 151,051 309,109 299,178
Noninterest income        
Service charges on deposit accounts 7,830 7,793 15,365 15,339
Credit and debit card fees 15,913 15,861 30,387 32,034
Other service charges and fees 13,350 11,036 25,517 20,940
Trust and investment services income 9,154 9,426 18,524 19,780
Bank-owned life insurance 4,724 3,360 9,095 7,646
Investment securities gains, net     37  
Other 2,987 4,292 5,510 7,400
Total noninterest income 53,958 51,768 104,435 103,139
Noninterest expense        
Salaries and employee benefits 59,501 57,737 119,605 116,999
Contracted services and professional fees 15,997 16,067 30,836 31,806
Occupancy 7,934 7,377 16,034 14,318
Equipment 14,037 13,196 27,908 26,609
Regulatory assessment and fees 3,759 3,814 7,582 11,934
Advertising and marketing 2,035 1,765 4,214 4,377
Card rewards program 8,406 8,719 16,325 17,227
Other 13,270 13,411 25,995 27,629
Total noninterest expense 124,939 122,086 248,499 250,899
Income before provision for income taxes 88,102 80,733 165,045 151,418
Provision for income taxes 14,855 18,812 32,550 35,277
Net income $ 73,247 $ 61,921 $ 132,495 $ 116,141
Basic earnings per share $ 0.58 $ 0.48 $ 1.05 $ 0.91
Diluted earnings per share $ 0.58 $ 0.48 $ 1.05 $ 0.91
Basic weighted-average outstanding shares 125,321,837 127,867,853 125,799,060 127,787,663
Diluted weighted-average outstanding shares 125,833,064 128,262,594 126,493,569 128,279,917