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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        
Interest and fees on loans $ 197,778 $ 197,274 $ 392,871 $ 390,500
Interest Income, Securities, Operating, Taxable 15,879 13,992 31,175 28,223
Nontaxable interest and dividends on securities 2 2 3 3
Interest on loans held for sale 140 199 232 303
Interest on federal funds sold and short-term investments 4,393 397 5,831 880
Total interest and dividend income 218,192 211,864 430,112 419,909
Interest expense        
Interest on deposits 59,843 61,469 119,279 115,789
Interest on borrowings 10,853 12,469 17,832 28,755
Interest Expense, Operating, Total 70,696 73,938 137,111 144,544
Net interest income 147,496 137,926 293,001 275,365
Net interest income after provision for credit losses 140,296 133,676 270,801 266,115
Noninterest income        
Deposit account fees 7,141 6,332 14,194 12,560
Interchange and ATM fees 4,997 4,753 9,619 9,205
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 11,380 10,987 22,600 20,928
Mortgage banking income 1,072 1,320 1,813 2,116
Bank Owned Life Insurance Income 2,038 2,000 4,103 3,928
Gain Realized on Life Insurance Policies (1,650) 0 (1,650) (263)
Loan level derivative income 66 473 1,108 553
Other noninterest income 5,964 6,465 11,760 12,720
Total noninterest income 34,308 32,330 66,847 62,273
Noninterest expenses        
Salaries and employee benefits 62,856 57,162 124,787 114,336
Occupancy and equipment expenses 13,158 12,472 27,017 25,939
Data processing & facilities management 2,783 2,405 5,425 4,888
Software Maintenance 5,166 4,475 10,193 8,569
Debit card expense 1,984 1,602 3,919 4,080
Advertising Expense 1,797 1,826 3,242 2,986
Amortization of Intangible Assets 1,197 1,465 2,541 3,028
Business Combination, Acquisition-Related Cost, Expense 2,239 0 3,394 0
FDIC assessment 2,373 2,694 5,361 5,676
Other noninterest expenses 14,227 13,516 26,682 26,574
Total noninterest expenses 108,798 99,614 214,676 199,501
Income before income taxes 65,806 66,392 122,972 128,887
Current Federal, State and Local, Tax Expense (Benefit) 14,705 15,062 27,447 29,787
Net income $ 51,101 $ 51,330 $ 95,525 $ 99,100
Basic earnings per share (in dollars per share) $ 1.20 $ 1.21 $ 2.24 $ 2.33
Diluted earnings per share (in dollars per share) $ 1.20 $ 1.21 $ 2.24 $ 2.33
Weighted average common shares (basic) (in shares) 42,623,978 42,468,658 42,587,330 42,511,186
Common shares equivalents (in shares) 17,153 4,308 19,753 8,592
Weighted average common shares (diluted) (in shares) 42,641,131 42,472,966 42,607,083 42,519,778
Common Stock, Dividends, Per Share, Cash Paid       $ 1.14
Cash dividends declared per common share (in dollars per share) $ 0.59 $ 0.57 $ 1.18 $ 1.14
Provision for Loan and Lease Losses $ 7,200 $ 4,250 $ 22,200 $ 9,250
Professional Fees 1,018 1,997 2,115 3,425
Retained Earnings [Member]        
Noninterest expenses        
Net income $ 51,101 $ 51,330 $ 95,525 $ 99,100