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CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Loans $ 324,390 $ 355,220 $ 973,864 $ 1,053,081
Investment securities 120,419 127,907 351,634 375,794
Other 8,113 9,229 24,892 28,253
Total interest income 452,922 492,356 1,350,390 1,457,128
Interest expense:        
Deposits 163,555 208,630 508,460 626,719
Borrowings 39,255 49,598 112,560 155,402
Total interest expense 202,810 258,228 621,020 782,121
Net interest income before provision for credit losses 250,112 234,128 729,370 675,007
Provision for credit losses 11,577 9,248 42,386 44,071
Net interest income after provision for credit losses 238,535 224,880 686,984 630,936
Non-interest income:        
Deposit service charges and fees 5,387 5,016 15,945 15,238
Lease financing 4,152 6,368 13,077 23,448
Other non-interest income 16,027 11,504 46,624 35,264
Total non-interest income 25,566 22,888 75,646 73,950
Non-interest expense:        
Employee compensation and benefits 85,196 81,781 251,095 233,289
Occupancy and equipment 10,929 12,242 33,217 33,784
Deposit insurance expense 6,601 7,421 20,804 29,481
Technology 21,630 21,094 67,902 61,976
Depreciation of operating lease equipment 4,423 4,666 12,301 21,775
Other non-interest expense 37,390 37,378 105,403 101,223
Total non-interest expense 166,169 164,582 490,722 481,528
Income before income taxes 97,932 83,186 271,908 223,358
Provision for income taxes 26,081 21,734 72,815 60,193
Net income $ 71,851 $ 61,452 $ 199,093 $ 163,165
Earnings per common share, basic (in dollars per share) $ 0.96 $ 0.82 $ 2.65 $ 2.19
Earnings per common share, diluted (in dollars per share) $ 0.95 $ 0.81 $ 2.63 $ 2.17