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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans $ 714,266,000 $ 684,587,000 $ 1,416,415,000 $ 1,351,260,000
Money market investments 47,021,000 69,532,000 91,261,000 139,698,000
Investment securities 220,352,000 189,753,000 421,179,000 369,912,000
Total interest income 981,639,000 943,872,000 1,928,855,000 1,860,870,000
Interest expense:        
Deposits 271,254,000 295,058,000 530,672,000 592,921,000
Short-term borrowings 5,172,000 5,300,000 10,875,000 6,726,000
Long-term debt 11,794,000 11,965,000 23,709,000 24,077,000
Total interest expense 288,220,000 312,323,000 565,256,000 623,724,000
Net interest income 693,419,000 631,549,000 1,363,599,000 1,237,146,000
Provision for credit losses 65,873,000 48,941,000 141,759,000 113,022,000
Net interest income after provision for credit losses 627,546,000 582,608,000 1,221,840,000 1,124,124,000
Non-interest income:        
Mortgage banking activities 6,267,000 4,872,000 10,480,000 8,561,000
Net loss, including impairment on debt securities (595,000) 0 (595,000) 0
Net gain, including impairment on equity securities 2,327,000 1,862,000 3,356,000 1,448,000
Net gain on trading account debt securities 214,000 538,000 475,000 1,058,000
Adjustments to indemnity reserves on loans sold 394,000 120,000 429,000 293,000
Other operating income 24,109,000 21,737,000 42,510,000 36,268,000
Total non-interest income 180,545,000 168,477,000 346,171,000 320,538,000
Operating expenses:        
Personnel costs 229,031,000 229,355,000 445,100,000 442,068,000
Net occupancy expenses 27,764,000 29,140,000 55,063,000 56,358,000
Equipment expenses 5,879,000 5,789,000 11,108,000 11,091,000
Other taxes 17,707,000 18,632,000 35,384,000 37,357,000
Professional fees 24,484,000 28,108,000 50,037,000 54,933,000
Technology and software expenses 90,971,000 84,696,000 180,110,000 168,364,000
Processing and transactional services 37,266,000 37,861,000 76,353,000 75,642,000
Communications 4,261,000 5,010,000 8,770,000 9,914,000
Business promotion 27,900,000 26,385,000 50,760,000 50,060,000
Deposit insurance 9,977,000 9,407,000 19,894,000 19,442,000
Other real estate owned (OREO) income (3,238,000) (4,124,000) (7,856,000) (7,454,000)
Other operating expenses 11,744,000 22,117,000 25,949,000 45,016,000
Amortization of intangibles 384,000 385,000 768,000 982,000
Total operating expenses 484,130,000 492,761,000 951,440,000 963,773,000
Income before income tax 323,961,000 258,324,000 616,571,000 480,889,000
Income tax expense 45,747,000 47,884,000 92,683,000 92,947,000
Net Income 278,214,000 210,440,000 523,888,000 387,942,000
Net Income Applicable to Common Stock $ 277,861,000 $ 210,087,000 $ 523,182,000 $ 387,236,000
Net Income per Common Share - Basic (in dollars per share) $ 4.35 $ 3.09 $ 8.13 $ 5.64
Net Income per Common Share - Diluted (in dollars per share) $ 4.35 $ 3.09 $ 8.13 $ 5.64
Service charges on deposit accounts        
Non-interest income:        
Service charges on deposit accounts $ 39,037,000 $ 38,826,000 $ 77,803,000 $ 77,880,000
Other service fees        
Non-interest income:        
Service charges on deposit accounts $ 108,792,000 $ 100,522,000 $ 211,713,000 $ 195,030,000