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 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and dividend income:        
Interest and fees on loans $ 436,807 $ 458,766 $ 856,436 $ 730,281
Interest on deposits in other banks 2,165 4,991 4,311 7,504
Interest and dividends on securities:        
Taxable 38,973 38,260 79,980 61,908
Nontaxable 8,883 8,355 17,836 16,515
Total interest and dividend income 486,828 510,372 958,563 816,208
Interest expense:        
Interest on deposits 146,438 171,343 288,217 286,929
Interest on short-term borrowings 5,327 4,147 10,554 5,056
Interest on long-term borrowings 9,945 13,511 22,301 18,687
Total interest expense 161,710 189,001 321,072 310,672
Net interest income 325,118 321,371 637,491 505,536
Provision for credit losses 11,737 105,707 14,475 123,345
Net interest income after provision for credit losses 313,381 215,664 623,016 382,191
Noninterest income:        
Service charges on deposit accounts 12,259 12,220 24,374 21,905
Other service charges, commissions and fees 2,286 2,245 4,224 4,007
Interchange fees 3,750 3,779 7,076 6,727
Fiduciary and asset management fees 21,460 17,723 41,638 24,420
Mortgage banking income 2,656 2,821 4,682 3,794
Bank owned life insurance income 5,734 7,327 10,934 10,864
Loan-related interest rate swap fees 6,484 1,733 10,458 4,133
Other operating income 35,619 33,674 41,645 34,835
Total noninterest income 90,248 81,522 145,031 110,685
Noninterest expenses:        
Salaries and benefits 112,309 109,942 225,722 185,357
Occupancy expenses 12,862 12,782 26,064 21,362
Furniture and equipment expenses 5,532 6,344 11,088 10,258
Technology and data processing 16,016 17,248 31,618 27,435
Professional services 6,154 7,808 11,922 12,494
Marketing and advertising expense 5,479 3,757 12,807 6,941
FDIC assessment premiums and other insurance 6,633 8,642 13,479 13,844
Franchise and other taxes 4,675 4,688 9,381 9,331
Loan-related expenses 2,723 1,278 5,574 2,527
Amortization of intangible assets 15,136 18,433 30,582 23,832
Merger-related costs 0 78,900 9,034 83,840
Other expenses 11,617 9,876 21,675 16,661
Total noninterest expenses 199,136 279,698 408,946 413,882
Income before income taxes 204,493 17,488 359,101 78,994
Income tax expense (benefit) 43,480 (2,303) 75,922 9,384
Net Income 161,013 19,791 283,179 69,610
Dividends on preferred stock 2,967 2,967 5,934 5,934
Net income available to common shareholders $ 158,046 $ 16,824 $ 277,245 $ 63,676
Basic earnings per common share $ 1.11 $ 0.12 $ 1.95 $ 0.55
Diluted earnings per common share 1.11 0.12 1.95 0.55
Dividends declared per common share $ 0.37 $ 0.34 $ 0.74 $ 0.68
Basic weighted average number of common shares outstanding 142,099,251 141,680,472 142,000,975 115,596,296
Diluted weighted average number of common shares outstanding 142,320,806 141,738,325 142,301,002 116,056,670