Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Income

v3.25.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Interest and fees on loans $ 788,105 $ 699,101 $ 499,691
Taxable securities 66,535 53,499 40,722
Nontaxable securities 31 65 137
Federal funds sold 1,128 2,844 1,556
Other interest and dividends 90,322 57,737 17,209
Total interest income 946,121 813,246 559,315
Interest expense:      
Deposits 420,650 331,740 59,396
Borrowed funds 78,812 70,569 29,027
Total interest expense 499,462 402,309 88,423
Net interest income 446,659 410,937 470,892
Provision for credit losses 21,587 18,715 37,607
us-gaap_NoninterestIncomeAbstract      
Securities losses 0 0 (6,168)
Bank-owned life insurance income 9,533 7,574 6,478
Other operating income 2,887 3,037 12,661
Total noninterest income 35,056 30,417 33,359
Noninterest expenses:      
Salaries and employee benefits 96,318 80,965 77,952
Equipment and occupancy expense 14,519 14,295 12,319
Third party processing and other services 31,181 27,872 27,333
Professional services 6,901 5,916 4,277
FDIC and other regulatory assessments 10,687 15,614 4,565
Other real estate owned expense 199 47 295
Other operating expenses 21,341 33,342 31,075
Total noninterest expenses 181,146 178,051 157,816
Income before income taxes 278,982 244,588 308,828
Provision for income taxes 51,740 37,735 57,324
Net income 227,242 206,853 251,504
Dividends on preferred stock 62 62 62
Net income available to common stockholders $ 227,180 $ 206,791 $ 251,442
Basic earnings per common share (in dollars per share) $ 4.17 $ 3.8 $ 4.63
Diluted earnings per common share (in dollars per share) $ 4.16 $ 3.79 $ 4.61
Credit Card [Member]      
Interest expense:      
Net interest income after provision for credit losses $ 425,072 $ 392,222 $ 433,285
us-gaap_NoninterestIncomeAbstract      
Non interest income 8,280 8,631 9,917
Deposit Account [Member]      
us-gaap_NoninterestIncomeAbstract      
Non interest income 9,434 8,420 8,033
Mortgage Banking [Member]      
us-gaap_NoninterestIncomeAbstract      
Non interest income $ 4,922 $ 2,755 $ 2,438