v3.25.0.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:      
Interest and fees on loans $ 1,093,004 $ 846,923 $ 555,614
Interest on deposits in other banks 10,751 6,071 2,612
Interest and dividends on securities:      
Taxable 91,191 67,075 59,306
Nontaxable 32,589 34,381 42,903
Total interest and dividend income 1,227,535 954,450 660,435
Interest expense:      
Interest on deposits 483,894 296,689 56,201
Interest on short-term borrowings 23,236 27,148 5,393
Interest on long-term borrowings 21,866 19,600 14,580
Total interest expense 528,996 343,437 76,174
Net interest income 698,539 611,013 584,261
Provision for credit losses 50,089 31,618 19,028
Net interest income after provision for credit losses 648,450 579,395 565,233
Noninterest income:      
Service charges on deposit accounts 37,279 33,240 30,052
Other service charges, commissions and fees 7,511 7,860 6,765
Interchange fees 12,134 9,678 9,110
Fiduciary and asset management fees 25,528 17,695 22,414
Mortgage banking income 4,202 2,743 7,085
Loss on sale of securities (6,493) (40,989) (3)
Bank owned life insurance income 15,629 11,759 11,507
Loan-related interest rate swap fees 9,435 10,037 12,174
Other operating income 13,653 38,854 19,419
Total noninterest income 118,878 90,877 118,523
Noninterest expenses:      
Salaries and benefits 271,164 236,682 228,926
Occupancy expenses 30,232 25,146 26,013
Furniture and equipment expenses 14,582 14,282 14,838
Technology and data processing 37,520 32,484 33,372
Professional services 16,804 15,483 16,730
Marketing and advertising expense 12,126 10,406 9,236
FDIC assessment premiums and other insurance 20,255 19,861 10,241
Franchise and other taxes 18,364 18,013 18,006
Loan-related expenses 5,513 5,619 6,574
Amortization of intangible assets 19,307 8,781 10,815
Merger-related costs 40,018 2,995  
Other expenses 21,649 40,619 29,051
Total noninterest expenses 507,534 430,371 403,802
Income before income taxes 259,794 239,901 279,954
Income tax expense 50,663 38,083 45,444
Net Income 209,131 201,818 234,510
Dividends on preferred stock 11,868 11,868 11,868
Net income available to common shareholders $ 197,263 $ 189,950 $ 222,642
Basic earnings per common share $ 2.29 $ 2.53 $ 2.97
Diluted earnings per common share 2.24 2.53 2.97
Dividends declared per common share $ 1.3 $ 1.22 $ 1.16
Basic weighted average number of common shares outstanding 86,149,978 74,961,390 74,949,109
Diluted weighted average number of common shares outstanding 87,909,237 74,962,363 74,953,398

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