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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income:      
Investment securities and cash equivalents $ 846,441 $ 974,329 $ 877,394
Loans 765,806 629,187 514,894
Total interest income 1,612,247 1,603,516 1,392,288
Total interest expense 1,221,513 1,249,649 1,064,741
Net interest income 390,734 353,867 327,547
Provision for losses (32,860) (11,579) (858)
Net interest income after provision for losses 357,874 342,288 326,689
Non-interest income/(expense):      
Guarantee and commitment fees 19,575 15,738 16,712
(Losses)/gains on financial derivatives (5,120) 2,636 2,882
Other income 3,183 2,827 3,917
Non-interest income 17,638 21,201 23,511
Operating expenses:      
Compensation and employee benefits 71,325 63,975 58,914
General and administrative 44,613 38,236 34,963
Regulatory fees 3,863 3,175 3,222
Operating expenses 119,801 105,386 97,099
Income before income taxes 255,711 258,103 253,101
Income tax expense 48,296 50,910 53,098
Net income 207,415 207,193 200,003
Preferred stock dividends (24,922) (25,146) (27,165)
Loss on retirement of preferred stock 0 (1,619) 0
Net income attributable to common stockholders $ 182,493 $ 180,428 $ 172,838
Earnings per common share:      
Basic earnings per common share (in dollars per share) $ 16.73 $ 16.59 $ 15.97
Diluted earnings per common share (in dollars per share) $ 16.62 $ 16.44 $ 15.81