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Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST INCOME        
Loans, including fees $ 269,210 $ 277,939 $ 792,338 $ 810,366
Interest bearing balances due from banks and federal funds sold 6,421 2,921 11,655 8,895
Investment securities 37,464 53,220 131,619 166,271
Mortgage loans held for sale 229 209 572 551
Assets held in trading accounts 99 0 99 0
TOTAL INTEREST INCOME 313,423 334,289 936,283 986,083
INTEREST EXPENSE        
Deposits 116,610 152,244 373,403 457,210
Federal funds purchased and securities sold under agreements to repurchase 72 138 244 483
Other borrowings 2,957 17,067 21,284 43,741
Subordinated notes and debentures 7,123 7,128 19,445 21,126
TOTAL INTEREST EXPENSE 126,762 176,577 414,376 522,560
NET INTEREST INCOME 186,661 157,712 521,907 463,523
Provision for credit losses 11,966 12,148 50,708 33,453
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 174,695 145,564 471,199 430,070
NONINTEREST INCOME (LOSS)        
Bank owned life insurance income 3,943 3,757 11,925 11,447
Loss on sale of securities, net (801,492) (28,393) (801,492) (28,393)
Other income 6,141 8,346 18,985 21,928
TOTAL NONINTEREST INCOME (LOSS) (756,187) 17,130 (667,678) 103,613
NONINTEREST EXPENSE        
Salaries and employee benefits 76,249 69,167 224,935 212,536
Occupancy expense, net 12,106 12,216 36,601 36,338
Furniture and equipment expense 5,275 5,612 16,214 16,376
Other real estate and foreclosure expense 200 87 614 383
Deposit insurance 5,175 5,571 15,483 18,388
Other operating expenses 43,027 44,540 131,354 132,405
TOTAL NONINTEREST EXPENSE 142,032 137,193 425,201 416,426
INCOME (LOSS) BEFORE INCOME TAXES (723,524) 25,501 (621,680) 117,257
Provision (benefit) for income taxes (160,732) 761 (146,049) 12,883
NET INCOME (LOSS) $ (562,792) $ 24,740 $ (475,631) $ 104,374
BASIC EARNINGS PER SHARE (in dollars per share) $ (4.01) $ 0.20 $ (3.64) $ 0.83
DILUTED EARNINGS PER SHARE (in dollars per share) $ (4.00) $ 0.20 $ (3.63) $ 0.83
Service charges on deposit accounts        
NONINTEREST INCOME (LOSS)        
Non-interest income $ 13,045 $ 12,713 $ 38,268 $ 36,920
Debit and credit card fees        
NONINTEREST INCOME (LOSS)        
Non-interest income 8,478 8,144 25,491 24,552
Wealth management fees        
NONINTEREST INCOME (LOSS)        
Non-interest income 9,965 9,098 29,058 26,683
Mortgage lending income        
NONINTEREST INCOME (LOSS)        
Non-interest income 2,259 1,956 5,959 6,249
Other service charges and fees        
NONINTEREST INCOME (LOSS)        
Non-interest income $ 1,474 $ 1,509 $ 4,128 $ 4,227