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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 205,914 $ 180,241
Short-term investments 25 14
Total cash and cash equivalents 205,939 180,255
Available for sale debt securities, at fair value 2,768,915 1,690,112
Held to maturity debt securities, (net of $14,000 allowance as of December 31, 2024 and $31,000 as of December 31, 2023, respectively) 327,623 363,080
Equity securities, at fair value 19,110 1,270
Federal Home Loan Bank and other stock 112,767 79,217
Loans held for sale 162,453 1,785
Loans held for investment 18,659,370 10,871,916
Less allowance for credit losses 193,432 107,200
Net loans 18,628,391 10,766,501
Foreclosed assets, net 9,473 11,651
Banking premises and equipment, net 119,622 70,998
Accrued interest receivable 91,160 58,966
Goodwill and other intangible assets 819,230 457,942
Bank-owned life insurance 405,893 243,050
Other assets 543,702 287,768
Total assets 24,051,825 14,210,810
Deposits:    
Demand deposits 13,775,991 8,020,889
Savings deposits 1,679,667 1,175,683
Certificates of deposit of $250 thousand or more 789,342 218,549
Other time deposits 2,378,813 877,393
Total deposits 18,623,813 10,292,514
Mortgage escrow deposits 42,247 36,838
Borrowed funds 2,020,435 1,970,033
Subordinated debentures 401,608 10,695
Other liabilities 362,515 210,134
Total liabilities 21,450,618 12,520,214
Stockholders’ Equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued 0 0
Common stock, $0.01 par value, 200,000,000 shares authorized, 137,565,966 shares issued and 130,489,493 shares outstanding as of December 31, 2024, and 75,537,186 shares outstanding as of December 31, 2023 1,376 832
Additional paid-in capital 1,834,495 989,058
Retained earnings 989,111 974,542
Accumulated other comprehensive (loss) income, net of tax (135,355) (141,115)
Treasury stock (88,420) (127,825)
Unallocated common stock held by the Employee Stock Ownership Plan 0 (4,896)
Common stock acquired by deferred compensation plans 0 (2,694)
Deferred compensation plans 0 2,694
Total stockholders’ equity 2,601,207 1,690,596
Total liabilities and stockholders’ equity $ 24,051,825 $ 14,210,810