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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income    
Investment securities $ 45,646 $ 56,218
Residential real estate loans 24,275 20,764
Commercial loans 197,388 181,472
Consumer and other loans 22,616 20,948
Total interest income 289,925 279,402
Interest Expense    
Deposits 62,865 67,196
Securities sold under agreements to repurchase 13,733 12,598
Federal Home Loan Bank advances 20,719 4,249
FRB Bank Term Funding 0 27,097
Other borrowed funds 402 344
Subordinated debentures 2,227 1,438
Total interest expense 99,946 112,922
Net Interest Income 189,979 166,480
Provision for credit losses 7,814 8,249
Net interest income after provision for credit losses 182,165 158,231
Non-Interest Income    
Service charges and other fees 18,818 18,563
Miscellaneous loan fees and charges 4,664 4,362
Gain on sale of loans 4,311 3,362
Gain on sale of securities 0 16
Other income 4,849 3,686
Total non-interest income 32,642 29,989
Non-Interest Expense    
Compensation and employee benefits 91,443 85,789
Occupancy and equipment 12,294 11,883
Advertising and promotions 4,144 3,983
Data processing 9,138 9,159
Other real estate owned and foreclosed assets 63 25
Regulatory assessments and insurance 5,534 7,761
Intangibles amortization 3,270 2,760
Other expenses 25,432 30,483
Total non-interest expense 151,318 151,843
Income Before Income Taxes 63,489 36,377
Federal and state income tax expense 8,921 3,750
Net Income $ 54,568 $ 32,627
Basic earnings per share (in dollars per share) $ 0.48 $ 0.29
Diluted earnings per share (in dollars per share) 0.48 0.29
Dividends declared per share (in dollars per share) $ 0.33 $ 0.33
Average outstanding shares - basic (in shares) 113,451,199 112,492,142
Average outstanding shares - diluted (in shares) 113,546,365 112,554,402