v3.25.4
CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income      
Interest and fees on loans $ 1,445,006 $ 1,377,925 $ 1,300,653
Investment securities 188,964 148,219 108,294
Interest bearing cash and cash equivalents 137,815 203,406 220,976
Total interest income 1,771,785 1,729,550 1,629,923
Interest expense      
Deposits 697,772 736,196 587,775
Short-term borrowings 14,377 49,994 70,642
Long-term debt 30,999 42,060 57,383
Total interest expense 743,148 828,250 715,800
Net interest income 1,028,637 901,300 914,123
Provision for credit losses 55,000 67,000 72,000
Net interest income after provision for credit losses 973,637 834,300 842,123
Non-interest income      
Service charges on deposit accounts 32,544 25,546 20,874
Wealth management and trust fee income 15,899 15,315 13,955
Brokered loan fees 9,233 8,961 8,918
Investment banking and advisory fees 104,587 104,965 63,670
Trading income 27,093 21,635 22,512
Available-for-sale debt securities gains/(losses) (1,886) (179,581) 489
Other 39,672 34,205 31,001
Total non-interest income 227,142 31,046 161,419
Non-interest expense      
Salaries and benefits 480,502 466,578 459,700
Occupancy expense 47,619 45,266 38,494
Marketing 17,449 22,349 25,854
Legal and professional 50,112 53,783 64,924
Communications and technology 98,853 93,085 81,262
Federal Deposit Insurance Corporation insurance assessment 17,911 23,351 36,775
Other 55,623 53,873 49,938
Total non-interest expense 768,069 758,285 756,947
Income before income taxes 432,710 107,061 246,595
Income tax expense 102,466 29,553 57,454
Net income 330,244 77,508 189,141
Preferred stock dividends (17,250) (17,250) (17,250)
Net income available to common stockholders 312,994 60,258 171,891
Other comprehensive income      
Change in unrealized gain/(loss) 122,989 (31,555) 4,323
Amounts reclassified into net income 29,646 253,277 67,752
Other comprehensive income 152,635 221,722 72,075
Income tax expense 34,113 42,825 15,136
Other comprehensive income, net of tax 118,522 178,897 56,939
Comprehensive income $ 448,766 $ 256,405 $ 246,080
Basic earnings per common share      
Basic earnings/(loss) per common share (in usd per share) $ 6.86 $ 1.29 $ 3.58
Diluted earnings per common share      
Diluted earnings/(loss) per common share (in usd per share) $ 6.79 $ 1.28 $ 3.54