v3.25.2
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 and dividend income:        
Interest and fees on loans $ 458,766 $ 285,198 $ 730,281 $ 519,796
Interest on deposits in other banks 4,991 2,637 7,504 3,918
Interest and dividends on securities:        
Taxable 38,260 24,886 61,908 43,765
Nontaxable 8,355 8,167 16,515 16,323
Total interest and dividend income 510,372 320,888 816,208 583,802
Interest expense:        
Interest on deposits 171,343 122,504 286,929 224,368
Interest on short-term borrowings 4,147 8,190 5,056 16,351
Interest on long-term borrowings 13,511 5,660 18,687 10,725
Total interest expense 189,001 136,354 310,672 251,444
Net interest income 321,371 184,534 505,536 332,358
Provision for credit losses 105,707 21,751 123,345 29,989
Net interest income after provision for credit losses 215,664 162,783 382,191 302,369
Noninterest income:        
Service charges on deposit accounts 12,220 9,086 21,905 17,655
Other service charges, commissions and fees 2,245 1,967 4,007 3,698
Interchange fees 3,779 3,126 6,727 5,420
Fiduciary and asset management fees 17,723 6,907 24,420 11,745
Mortgage banking income 2,821 1,193 3,794 2,060
Gain (loss) on sale of securities 16 (6,516) (87) (6,513)
Bank owned life insurance income 7,327 3,791 10,864 7,037
Loan-related interest rate swap fees 1,733 1,634 4,133 2,850
Other operating income 33,658 2,624 34,922 5,413
Total noninterest income 81,522 23,812 110,685 49,365
Noninterest expenses:        
Salaries and benefits 109,942 68,531 185,357 130,413
Occupancy expenses 12,782 7,836 21,362 14,462
Furniture and equipment expenses 6,344 3,805 10,258 7,114
Technology and data processing 17,248 10,274 27,435 18,401
Professional services 7,808 4,377 12,494 7,458
Marketing and advertising expense 3,757 2,983 6,941 5,301
FDIC assessment premiums and other insurance 8,642 4,675 13,844 9,818
Franchise and other taxes 4,688 5,013 9,331 9,514
Loan-related expenses 1,278 1,275 2,527 2,598
Amortization of intangible assets 18,433 5,995 23,832 7,889
Merger-related costs 78,900 29,778 83,840 31,652
Other expenses 9,876 5,463 16,661 10,659
Total noninterest expenses 279,698 150,005 413,882 255,279
Income before income taxes 17,488 36,590 78,994 96,455
Income tax (benefit) expense (2,303) 11,429 9,384 21,525
Net Income 19,791 25,161 69,610 74,930
Dividends on preferred stock 2,967 2,967 5,934 5,934
Net income available to common shareholders $ 16,824 $ 22,194 $ 63,676 $ 68,996
Basic earnings per common share $ 0.12 $ 0.25 $ 0.55 $ 0.84
Diluted earnings per common share 0.12 0.25 0.55 0.84
Dividends declared per common share $ 0.34 $ 0.32 $ 0.68 $ 0.64
Basic weighted average number of common shares outstanding 141,680,472 89,768,466 115,596,296 82,482,790
Diluted weighted average number of common shares outstanding 141,738,325 89,768,466 116,056,670 82,482,921

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