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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest and dividend income:        
Loans and leases $ 198,273 $ 149,643 $ 485,515 $ 440,493
Debt securities 10,984 6,473 24,440 19,831
Restricted equity securities 1,466 1,458 3,731 4,326
Short-term investments 5,438 1,986 10,275 5,724
Total interest and dividend income 216,161 159,560 523,961 470,374
Interest expense:        
Deposits 71,901 59,796 178,061 176,401
Borrowed funds 11,654 16,756 38,779 49,376
Total interest expense 83,555 76,552 216,840 225,777
Net interest income 132,606 83,008 307,121 244,597
Provision for credit losses on loans 87,496 4,832 100,467 17,862
Provision (recovery) of credit losses on investments 32 (172) 47 (255)
Net interest income after provision for credit losses 45,078 78,348 206,607 226,990
Non-interest income:        
Loan level derivative income 635 0 701 543
Gain on sales of loans and leases held-for-sale 1,175 415 1,463 545
Other 2,060 1,607 4,726 3,352
Total non-interest income 12,345 6,348 23,975 19,028
Non-interest expense:        
Compensation and employee benefits 49,999 35,130 120,999 106,521
Occupancy 6,921 5,343 17,991 16,663
Equipment and data processing 11,110 6,831 24,963 20,594
Professional services 2,114 2,143 5,311 5,788
FDIC insurance 1,971 2,118 5,888 6,027
Advertising and marketing 1,583 859 3,822 3,937
Amortization of identified intangible assets 3,587 1,668 6,448 5,045
Merger and restructuring expense 45,863 0 47,273 823
Other 6,148 3,856 14,684 12,748
Total non-interest expense 129,296 57,948 247,379 178,146
(Loss) income before provision for income taxes (71,873) 26,748 (16,797) 67,872
(Benefit) provision for income taxes (21,633) 6,606 (7,683) 16,693
Net (loss) income $ (50,240) $ 20,142 $ (9,114) $ 51,179
Earnings per common share:        
Basic (in dollars per share) $ (0.57) $ 0.23 $ (0.10) $ 0.58
Diluted (in dollars per share) $ (0.57) $ 0.23 $ (0.10) $ 0.57
Weighted average common shares outstanding:        
Basic (in shares) 87,508,517 89,033,463 88,566,368 88,944,569
Diluted (in shares) 87,508,517 89,319,611 88,566,368 89,241,470
Dividends paid per common share (in dollars per share) $ 0.323 $ 0.135 $ 0.593 $ 0.405
Deposit fees        
Non-interest income:        
Non-interest income, fees $ 5,005 $ 2,353 $ 9,838 $ 8,251
Loan fees        
Non-interest income:        
Non-interest income, fees 1,004 464 1,869 1,955
Wealth management fees        
Non-interest income:        
Non-interest income, fees $ 2,466 $ 1,509 $ 5,378 $ 4,382