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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 295,482 $ 184,215 $ 803,994 $ 526,550
Interest and dividends on securities:        
Taxable 31,483 17,651 84,797 51,984
Tax-exempt 4,692 4,498 13,837 13,640
Total interest and dividends on securities 36,175 22,149 98,634 65,624
Other interest income 11,229 7,365 29,872 19,881
Total interest and dividend income 342,886 213,729 932,500 612,055
INTEREST EXPENSE        
Interest bearing demand deposits 31,351 28,139 91,132 80,654
Money market deposits 38,249 19,609 95,672 54,166
Savings deposits 9,577 8,246 25,606 23,796
Certificates of deposit 23,554 14,284 63,553 36,513
Total interest expense on deposits 102,731 70,278 275,963 195,129
Federal Home Loan Bank borrowings 17,337 17,147 47,056 50,374
Other short-term borrowings 766 1,092 2,703 2,662
Subordinated debt and junior subordinated debt 5,336 4,070 14,774 12,189
Total interest expense 126,170 92,587 340,496 260,354
NET INTEREST INCOME 216,716 121,142 592,004 351,701
Provision for credit losses 2,082 4,798 74,183 19,352
Net interest income after provision for credit losses 214,634 116,344 517,821 332,349
NON-INTEREST INCOME        
Trust fees 8,987 7,517 27,342 22,902
Service charges on deposits 11,163 7,945 30,233 21,841
Digital banking income 7,324 5,084 20,053 14,828
Net swap fee and valuation income 3,231 (627) 4,937 2,712
Net securities brokerage revenue 2,961 2,659 9,010 7,808
Bank-owned life insurance 3,765 2,173 10,643 7,032
Mortgage banking income 1,898 1,280 5,402 3,042
Net securities gains 1,210 675 2,302 1,347
Net gain (loss) on other real estate owned and other assets 329 (239) 400 (51)
Other income 3,996 3,145 13,164 10,135
Total non-interest income 44,864 29,612 123,486 91,596
NON-INTEREST EXPENSE        
Salaries and wages 60,583 44,890 169,314 131,879
Employee benefits 18,040 11,522 49,867 34,284
Net occupancy 8,819 6,226 24,716 19,158
Equipment and software 16,310 10,157 46,500 30,622
Marketing 2,979 2,977 7,225 7,233
FDIC insurance 5,820 3,604 15,487 10,576
Amortization of intangible assets 8,425 2,053 21,853 6,217
Restructuring and merger-related expense 11,383 1,977 72,449 5,755
Other operating expenses 23,829 17,777 69,278 55,044
Total non-interest expense 156,188 101,183 476,689 300,768
Income before provision for income taxes 103,310 44,773 164,618 123,177
Provision for income taxes 19,737 7,501 32,623 21,296
Net income 83,573 37,272 131,995 101,881
Preferred stock dividends 2,531 2,531 7,594 7,594
Net income available to common shareholders $ 81,042 $ 34,741 $ 124,401 $ 94,287
EARNINGS PER COMMON SHARE        
Basic $ 0.84 $ 0.54 $ 1.39 $ 1.54
Diluted $ 0.84 $ 0.54 $ 1.39 $ 1.54
AVERAGE COMMON SHARES OUTSTANDING        
Basic 95,995,174 64,488,962 89,593,739 61,143,452
Diluted 96,116,617 64,634,208 89,718,706 61,272,602
DIVIDENDS DECLARED PER COMMON SHARE $ 0.37 $ 0.36 $ 1.11 $ 1.08