Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

v3.25.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 342,490 $ 196,435
Interest-bearing deposits in other banks 447,323 153,695
Federal funds sold 4,852 3,944
Total cash and cash equivalents 794,665 354,074
Securities available for sale, at fair value 4,267,523 2,442,166
Securities held to maturity, at carrying value 883,786 803,851
Restricted stock, at cost 159,320 102,954
Loans held for sale 24,772 9,420
Loans held for investment, net of deferred fees and costs 27,361,173 18,470,621
Less: allowance for loan and lease losses 293,035 178,644
Total loans held for investment, net 27,068,138 18,291,977
Premises and equipment, net 168,315 112,704
Goodwill 1,726,386 1,214,053
Amortizable intangibles, net 333,236 84,563
Bank owned life insurance 669,102 493,396
Other assets 977,490 676,165
Total assets 37,072,733 24,585,323
LIABILITIES    
Noninterest-bearing demand deposits 7,104,642 4,277,048
Interest-bearing deposits 23,560,682 16,120,571
Total deposits 30,665,324 20,397,619
Securities sold under agreements to repurchase 91,630 56,275
Other short-term borrowings 0 60,000
Long-term borrowings 768,682 418,303
Other liabilities 630,039 510,247
Total liabilities 32,155,675 21,442,444
Commitments and contingencies
STOCKHOLDERS' EQUITY    
Preferred stock, $10.00 par value 173 173
Common stock, $1.33 par value 188,504 118,519
Additional paid-in capital 3,882,830 2,280,547
Retained earnings 1,128,659 1,103,326
Accumulated other comprehensive loss (283,108) (359,686)
Total stockholders' equity 4,917,058 3,142,879
Total liabilities and stockholders' equity $ 37,072,733 $ 24,585,323
Common shares outstanding 141,732,071 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