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 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest and dividend income:        
Interest and fees on loans $ 451,734 $ 441,944 $ 1,308,169 $ 1,172,224
Interest on deposits in other banks 1,741 12,478 6,051 19,982
Interest and dividends on securities:        
Taxable 38,793 40,601 118,773 102,509
Nontaxable 8,865 8,414 26,702 24,930
Total interest and dividend income 501,133 503,437 1,459,695 1,319,645
Interest expense:        
Interest on deposits 153,553 170,721 441,769 457,650
Interest on short-term borrowings 8,031 626 18,585 5,682
Interest on long-term borrowings 11,127 12,880 33,428 31,568
Total interest expense 172,711 184,227 493,782 494,900
Net interest income 328,422 319,210 965,913 824,745
Provision for credit losses 5,731 16,233 20,205 139,578
Net interest income after provision for credit losses 322,691 302,977 945,708 685,167
Noninterest income:        
Service charges on deposit accounts 12,886 12,838 37,261 34,743
Other service charges, commissions and fees 2,266 2,325 6,490 6,332
Interchange fees 3,697 4,089 10,773 10,816
Fiduciary and asset management fees 20,452 18,595 62,090 43,014
Mortgage banking income 1,528 2,811 6,211 6,605
Bank owned life insurance income 5,954 5,116 16,888 15,979
Loan-related interest rate swap fees 4,530 5,911 14,988 10,043
Other operating income 3,479 66 45,122 34,904
Total noninterest income 54,792 51,751 199,823 162,436
Noninterest expenses:        
Salaries and benefits 113,978 108,319 339,700 293,676
Occupancy expenses 13,089 13,582 39,153 34,944
Furniture and equipment expenses 5,604 6,536 16,691 16,794
Technology and data processing 17,492 17,009 49,110 44,444
Professional services 6,193 8,774 18,115 21,268
Marketing and advertising expense 8,040 5,100 20,847 12,041
FDIC assessment premiums and other insurance 6,759 8,817 20,239 22,660
Franchise and other taxes 4,767 4,669 14,148 14,000
Loan-related expenses 2,544 1,933 8,118 4,461
Amortization of intangible assets 14,946 18,145 45,528 41,976
Merger-related costs 0 34,812 9,034 118,652
Other expenses 10,921 10,750 32,596 27,411
Total noninterest expenses 204,333 238,446 613,279 652,327
Income before income taxes 173,150 116,282 532,252 195,276
Income tax expense 36,518 24,142 112,441 33,527
Net Income 136,632 92,140 419,811 161,749
Dividends on preferred stock 2,967 2,967 8,901 8,901
Net income available to common shareholders $ 133,665 $ 89,173 $ 410,910 $ 152,848
Basic earnings per common share $ 0.95 $ 0.63 $ 2.9 $ 1.23
Diluted earnings per common share 0.94 0.63 2.89 1.22
Dividends declared per common share $ 0.37 $ 0.34 $ 1.11 $ 1.02
Basic weighted average number of common shares outstanding 141,293,231 141,728,909 141,762,468 124,402,891
Diluted weighted average number of common shares outstanding 141,641,618 141,986,217 142,078,792 124,794,832