Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and dividend income:    
Interest and fees on loans $ 419,628 $ 271,515
Interest on deposits in other banks 2,146 2,513
Interest and dividends on securities:    
Taxable 41,008 23,648
Nontaxable 8,953 8,160
Total interest and dividend income 471,735 305,836
Interest expense:    
Interest on deposits 141,779 115,587
Interest on short-term borrowings 5,227 909
Interest on long-term borrowings 12,356 5,176
Total interest expense 159,362 121,672
Net interest income 312,373 184,164
Provision for credit losses 2,737 17,638
Net interest income after provision for credit losses 309,636 166,526
Noninterest income:    
Service charges on deposit accounts 12,116 9,683
Other service charges, commissions and fees 1,938 1,762
Interchange fees 3,326 2,949
Fiduciary and asset management fees 20,178 6,697
Mortgage banking income 2,026 973
Bank owned life insurance income 5,200 3,537
Loan-related interest rate swap fees 3,975 2,400
Other operating income 6,024 1,162
Total noninterest income 54,783 29,163
Noninterest expenses:    
Salaries and benefits 113,413 75,415
Occupancy expenses 13,202 8,580
Furniture and equipment expenses 5,555 3,914
Technology and data processing 15,602 10,188
Professional services 5,768 4,687
Marketing and advertising expense 7,328 3,184
FDIC assessment premiums and other insurance 6,846 5,201
Franchise and other taxes 4,705 4,643
Loan-related expenses 2,851 1,249
Amortization of intangible assets 15,446 5,398
Merger-related costs 9,034 4,940
Other expenses 10,060 6,785
Total noninterest expenses 209,810 134,184
Income before income taxes 154,609 61,505
Income tax expense 32,444 11,687
Net Income 122,165 49,818
Dividends on preferred stock 2,967 2,967
Net income available to common shareholders $ 119,198 $ 46,851
Basic earnings per common share $ 0.84 $ 0.53
Diluted earnings per common share 0.84 0.52
Dividends declared per common share $ 0.37 $ 0.34
Basic weighted average number of common shares outstanding 141,901,606 89,222,296
Diluted weighted average number of common shares outstanding 142,280,978 90,072,795