XML 15 R4.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED INCOME STATEMENTS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST INCOME    
Loans interest and fees $ 181,190 $ 117,792
Investment securities 53,074 47,585
Interest-bearing cash and other 7,672 8,208
Total interest income 241,936 173,585
INTEREST EXPENSE    
Deposits 58,323 45,131
Borrowed funds 228 0
Long-term debt 4,340 0
Total interest expense 62,891 45,131
Net interest income 179,045 128,454
Provision (reversal of provision) for credit losses on loans 7,593 (3,752)
Provision for credit losses on unfunded lending commitments 174 94
Net interest income after provision for credit losses 171,278 132,112
NONINTEREST INCOME    
Noninterest income 13,017 11,501
Loan servicing income 1,927 177
Net gain on sales and calls of investment securities 52 0
Income from bank owned life insurance 1,165 527
Other 4,859 2,776
Total noninterest income 21,020 14,981
NONINTEREST EXPENSE    
Salaries and employee benefits 68,550 48,851
Occupancy 12,429 7,972
Equipment 9,615 5,869
Professional services 6,071 4,916
FDIC assessments and regulatory fees 2,990 2,213
Amortization of intangible assets 7,222 2,738
Data processing 3,873 1,350
Loan related 3,506 1,577
Marketing and advertising 907 584
Other real estate owned related 384 2,684
Acquisition and integration costs 4,794 350
Other 10,086 6,534
Total noninterest expense 130,427 85,638
Income before income tax expense 61,871 61,455
INCOME TAX EXPENSE 17,781 17,664
NET INCOME $ 44,090 $ 43,791
Basic earnings per share    
Basic (in dollars per share) $ 0.20 $ 0.22
Diluted earnings per share    
Diluted earnings per share (in dollars per share) $ 0.20 $ 0.22
Basic weighted-average shares outstanding    
Basic (in shares) 222,162,251 201,999,328
Diluted weighted-average shares outstanding    
Diluted (in shares) 222,317,741 202,058,748
Service charges on deposit accounts    
NONINTEREST INCOME    
Noninterest income $ 6,043 $ 5,494
Trust fees and commissions    
NONINTEREST INCOME    
Noninterest income 3,070 3,119
ATM network fee income    
NONINTEREST INCOME    
Noninterest income $ 3,904 $ 2,888
Common Class A    
Basic earnings per share    
Basic (in dollars per share) $ 0.19 $ 0.21
Diluted earnings per share    
Diluted earnings per share (in dollars per share) $ 0.19 $ 0.21
Basic weighted-average shares outstanding    
Basic (in shares) 221,047,803 200,884,880
Diluted weighted-average shares outstanding    
Diluted (in shares) 221,203,293 200,944,300
Common Class B    
Basic earnings per share    
Basic (in dollars per share) $ 1.91 $ 2.07
Diluted earnings per share    
Diluted earnings per share (in dollars per share) $ 1.91 $ 2.07
Basic weighted-average shares outstanding    
Basic (in shares) 1,114,448 1,114,448
Diluted weighted-average shares outstanding    
Diluted (in shares) 1,114,448 1,114,448