Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 194,083 $ 196,435
Interest-bearing deposits in other banks 236,094 153,695
Federal funds sold 3,961 3,944
Total cash and cash equivalents 434,138 354,074
Securities available for sale, at fair value 2,483,835 2,442,166
Securities held to maturity, at carrying value 821,059 803,851
Restricted stock, at cost 100,312 102,954
Loans held for sale 9,525 9,420
Loans held for investment, net of deferred fees and costs 18,427,689 18,470,621
Less: allowance for loan and lease losses 193,796 178,644
Total loans held for investment, net 18,233,893 18,291,977
Premises and equipment, net 111,876 112,704
Goodwill 1,214,053 1,214,053
Amortizable intangibles, net 79,165 84,563
Bank owned life insurance 496,933 493,396
Other assets 647,822 676,165
Total assets 24,632,611 24,585,323
LIABILITIES    
Noninterest-bearing demand deposits 4,471,173 4,277,048
Interest-bearing deposits 16,031,701 16,120,571
Total deposits 20,502,874 20,397,619
Securities sold under agreements to repurchase 57,018 56,275
Other short-term borrowings 0 60,000
Long-term borrowings 418,667 418,303
Other liabilities 468,836 510,247
Total liabilities 21,447,395 21,442,444
Commitments and contingencies
STOCKHOLDERS' EQUITY    
Preferred stock, $10.00 par value 173 173
Common stock, $1.33 par value 118,823 118,519
Additional paid-in capital 2,280,300 2,280,547
Retained earnings 1,119,635 1,103,326
Accumulated other comprehensive loss (333,715) (359,686)
Total stockholders' equity 3,185,216 3,142,879
Total liabilities and stockholders' equity $ 24,632,611 $ 24,585,323
Common shares outstanding 89,340,541 89,770,231
Common shares authorized 200,000,000 200,000,000
Preferred shares outstanding 17,250 17,250
Preferred shares authorized 500,000 500,000