Income Statement

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2025 Y2024 Y2023 Y2022 Y
Interest Income
Interest and fees on loans252,487241,521212,693146,538
Interest and dividends on investment securities
Taxable59,89654,13248,33534,445
Tax-exempt3,1583,2813,8544,911
Interest on deposits in depository institutions5,6757,4956,3823,794
Total Interest Income321,216306,429271,264189,688
Interest Expense
Interest on deposits65,35664,52937,2877,444
Interest on short-term borrowings13,16515,50012,0272,211
Interest on FHLB long-term advances6,2926,1632,7090
Total Interest Expense84,81386,19252,0239,655
Net Interest Income236,403220,237219,241180,033
Provision for credit losses-1,4001,8203,243474
Net Interest Income After Provision for Credit Losses237,803218,417215,998179,559
Non-Interest Income
(Losses) gains on sale of investment securities, net187-2,825-4,9084
Unrealized gains recognized on equity securities still held, net-588175432-1,585
Service charges29,98029,22527,75128,335
Bankcard revenue28,65528,50027,96027,349
Trust and investment management fee income12,34511,2559,5638,798
Bank owned life insurance3,8783,9926,0375,559
Sale of VISA sharesN/AN/AN/A0
Other income3,3083,0123,7943,617
Total Non-Interest Income77,76573,33470,62972,077
Non-Interest Expense
Salaries and employee benefits79,16676,36373,16366,536
Occupancy related expense9,5549,61511,31810,718
Equipment and software related expense14,45413,17311,62911,791
FDIC insurance expense3,0492,8922,9221,673
Advertising3,0823,8213,1123,405
Bankcard expenses8,9858,5097,4476,032
Postage, delivery, and statement mailingsN/A2,7302,5262,362
Office suppliesN/A1,8091,9451,744
Legal and professional fees2,3342,1622,0352,194
TelecommunicationsN/A2,3122,4112,616
Repossessed asset losses, net of expenses2572462859
Merger related expenses005,150268
Other expenses24,21715,92619,83514,904
Total Non-Interest Expense154,103147,235143,521124,302
Income Before Income Taxes161,465144,516143,106127,334
Income tax expense30,98027,41528,74125,263
Net Income Available to Common Shareholders130,485117,101114,365102,071
Average shares outstanding, basic14,47414,67614,86814,847
Effect of dilutive securities8212326
Average shares outstanding, diluted14,48214,69714,89114,873
Basic earnings per common share8.947.917.626.81
Diluted earnings per common share8.937.897.616.80
Consolidated Statements of Comprehensive Income (Loss)
Net income available to common shareholders 130,485117,101114,365102,071
Available-for-Sale Securities
Unrealized gains (losses) on available-for-sale securities arising during the period50,800-11,09221,442-192,359
Reclassification adjustment for net losses (gains)-1872,8254,908-4
Reclassification of unrealized gain on held-to-maturity securities to available-for-saleN/AN/AN/A0
Other comprehensive income (loss) related to available-for-sale securities50,613-8,26726,350-192,363
Other comprehensive income (loss) before income taxes51,361-6,76727,471-192,280
Tax effect-12,2581,587-6,52246,532
Other comprehensive income (loss), net of tax39,103-5,18020,949-145,748
Defined Benefit Pension Plan
Net gain (loss) arising during period5461,128777-697
Reclassification adjustment for amortization of actuarial net gains in net periodic pension cost202372344780
Change in underfunded pension liability7481,5001,12183
Comprehensive Income (Loss), Net of Tax169,588111,921135,314-43,677

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.