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CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Loans $ 328,090 $ 350,604 $ 649,474 $ 697,861
Investment securities 117,346 123,708 231,215 247,887
Other 8,343 8,986 16,779 19,024
Total interest income 453,779 483,298 897,468 964,772
Interest expense:        
Deposits 170,695 208,091 344,905 418,089
Borrowings 36,965 49,185 73,305 105,804
Total interest expense 207,660 257,276 418,210 523,893
Net interest income before provision for credit losses 246,119 226,022 479,258 440,879
Provision for credit losses 15,698 19,538 30,809 34,823
Net interest income after provision for credit losses 230,421 206,484 448,449 406,056
Non-interest income:        
Deposit service charges and fees 5,323 4,909 10,558 10,222
Lease financing 4,612 5,640 8,925 17,080
Other non-interest income 17,875 13,636 30,597 23,760
Total non-interest income 27,810 24,185 50,080 51,062
Non-interest expense:        
Employee compensation and benefits 83,153 75,588 165,899 151,508
Occupancy and equipment 10,945 10,973 22,288 21,542
Deposit insurance expense 6,976 8,530 14,203 22,060
Technology 23,492 20,567 46,272 40,882
Depreciation of operating lease equipment 3,869 7,896 7,878 17,109
Other non-interest expense 35,892 34,152 68,013 63,845
Total non-interest expense 164,327 157,706 324,553 316,946
Income before income taxes 93,904 72,963 173,976 140,172
Provision for income taxes 25,138 19,230 46,734 38,459
Net income $ 68,766 $ 53,733 $ 127,242 $ 101,713
Earnings per common share, basic (in dollars per share) $ 0.91 $ 0.72 $ 1.70 $ 1.36
Earnings per common share, diluted (in dollars per share) $ 0.91 $ 0.72 $ 1.68 $ 1.36