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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income:        
Investment securities and cash equivalents $ 229,611 $ 216,882 $ 648,242 $ 640,515
Loans 242,881 198,459 690,471 555,262
Total interest income 472,492 415,341 1,338,713 1,195,777
Total interest expense 356,568 316,864 1,003,318 909,564
Net interest income 115,924 98,477 335,395 286,213
Provision for losses (11,069) (7,433) (23,265) (16,828)
Net interest income after provision for losses 104,855 91,044 312,130 269,385
Non-interest income/(expense):        
Guarantee and commitment fees 6,123 5,021 18,039 14,316
Gains/(losses) on financial derivatives 1,515 (1,062) 2,879 (3,618)
Other income 1,692 1,482 3,949 3,958
Non-interest income 9,330 5,441 24,867 14,656
Operating expenses:        
Compensation and employee benefits 20,617 17,743 65,580 53,126
General and administrative 13,150 11,052 36,003 32,669
Regulatory fees 863 1,000 2,588 3,000
Operating expenses 34,630 29,795 104,171 88,795
Income before income taxes 79,555 66,690 232,826 195,246
Income tax expense 15,344 11,687 42,541 35,755
Net income 64,211 55,003 190,285 159,491
Preferred stock dividends (9,335) (6,303) (24,700) (17,636)
Net income attributable to common stockholders $ 54,876 $ 48,700 $ 165,585 $ 141,855
Earnings per common share:        
Basic earnings per common share (in dollars per share) $ 5.06 $ 4.45 $ 15.26 $ 12.99
Diluted earnings per common share (in dollars per share) $ 5.03 $ 4.44 $ 15.18 $ 12.93