Financials

Income Statement

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2024 Y2023 Y2022 Y2021 Y
Interest Income
Interest and fees on loans241,521212,693146,538136,676
Interest and dividends on investment securities
Taxable54,13248,33534,44523,071
Tax-exempt3,2813,8544,9115,027
Interest on deposits in depository institutions7,4956,3823,794693
Total Interest Income306,429271,264189,688165,467
Interest Expense
Interest on deposits64,52937,2877,4449,405
Interest on short-term borrowings15,50012,0272,211489
Interest on FHLB long-term advances6,1632,70900
Total Interest Expense86,19252,0239,6559,894
Net Interest Income220,237219,241180,033155,573
Provision for credit losses1,8203,243474-3,165
Net Interest Income After Provision for Credit Losses218,417215,998179,559158,738
Non-Interest Income
(Losses) gains on sale of investment securities, net-2,825-4,9084312
Unrealized gains recognized on equity securities still held, net175432-1,585504
Service charges29,22527,75128,33525,539
Bankcard revenue28,50027,96027,34926,987
Trust and investment management fee income11,2559,5638,7988,415
Bank owned life insurance3,9926,0375,5593,895
Sale of VISA sharesN/AN/A00
Other income3,0123,7943,6173,989
Total Non-Interest Income73,33470,62972,07769,641
Non-Interest Expense
Salaries and employee benefits76,36373,16366,53661,850
Occupancy related expense9,61511,31810,71810,083
Equipment and software related expense13,17311,62911,79110,486
FDIC insurance expense2,8922,9221,6731,583
Advertising3,8213,1123,4053,091
Bankcard expenses8,5097,4476,0326,455
Postage, delivery, and statement mailings2,7302,5262,3622,323
Office supplies1,8091,9451,7441,547
Legal and professional fees2,1622,0352,1942,279
Telecommunications2,3122,4112,6162,858
Repossessed asset losses, net of expenses2462859-57
Merger related expenses05,1502680
Other expenses15,92619,83514,90414,687
Total Non-Interest Expense147,235143,521124,302117,185
Income Before Income Taxes144,516143,106127,334111,194
Income tax expense27,41528,74125,26323,114
Net Income Available to Common Shareholders117,101114,365102,07188,080
Average shares outstanding, basic14,67614,86814,84715,381
Effect of dilutive securities21232626
Average shares outstanding, diluted14,69714,89114,87315,407
Basic earnings per common share7.917.626.815.67
Diluted earnings per common share7.897.616.805.66
Consolidated Statements of Comprehensive Income (Loss)
Net income available to common shareholders 117,101114,365102,07188,080
Available-for-Sale Securities
Unrealized gains (losses) on available-for-sale securities arising during the period-11,09221,442-192,359-24,857
Reclassification adjustment for net losses (gains)2,8254,908-4-312
Reclassification of unrealized gain on held-to-maturity securities to available-for-saleN/AN/A00
Other comprehensive income (loss) related to available-for-sale securities-8,26726,350-192,363-25,169
Other comprehensive income (loss) before income taxes-6,76727,471-192,280-22,321
Tax effect1,587-6,52246,5325,348
Other comprehensive income (loss), net of tax-5,18020,949-145,748-16,973
Defined Benefit Pension Plan
Net gain (loss) arising during period1,128777-6971,726
Reclassification adjustment for amortization of actuarial net gains in net periodic pension cost3723447801,122
Change in underfunded pension liability1,5001,121832,848
Comprehensive Income (Loss), Net of Tax111,921135,314-43,67771,107

Data shown on this page is for convenience only, extracted from SEC filings.
For access to the original filings, please click the headers to be taken directly to the filing at the SEC website.