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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income      
Loans and lease financing $ 805,941 $ 748,053 $ 509,820
Available-for-sale investment securities 54,306 74,241 87,108
Held-to-maturity investment securities 69,376 73,497 55,376
Other 50,421 27,788 10,916
Total interest income 980,044 923,579 663,220
Interest expense      
Deposits 335,717 258,221 49,201
Short-term and long-term borrowings 19,988 26,289 470
Other 1,601 2,942  
Total interest expense 357,306 287,452 49,671
Net interest income 622,738 636,127 613,549
Provision for credit losses 14,750 26,630 1,392
Net interest income after provision for credit losses 607,988 609,497 612,157
Noninterest income      
Service charges on deposit accounts 31,090 29,647 28,809
Credit and debit card fees 64,401 63,888 66,028
Other service charges and fees 45,862 37,299 37,036
Trust and investment services income 38,306 38,449 36,465
Bank-owned life insurance 17,861 15,326 1,248
Investment securities (losses) gains, net (26,171) 792  
Other 14,454 15,414 9,939
Total noninterest income 185,803 200,815 179,525
Noninterest expense      
Salaries and employee benefits 235,565 225,755 199,129
Contracted services and professional fees 60,912 66,423 70,027
Occupancy 28,971 29,608 31,034
Equipment 53,902 45,109 34,506
Regulatory assessment and fees 19,091 32,073 9,603
Advertising and marketing 7,719 7,615 7,996
Card rewards program 33,831 31,627 30,990
Other 61,198 62,928 57,186
Total noninterest expense 501,189 501,138 440,471
Income before provision for income taxes 292,602 309,174 351,211
Provision for income taxes 62,473 74,191 85,526
Net income $ 230,129 $ 234,983 $ 265,685
Basic earnings per share $ 1.8 $ 1.84 $ 2.08
Diluted earnings per share $ 1.79 $ 1.84 $ 2.08
Basic weighted-average outstanding shares 127,702,573 127,567,547 127,489,889
Diluted weighted-average outstanding shares 128,325,865 127,915,873 127,981,699