MUNCIE, Ind., Oct. 21, 2026 (GLOBE NEWSWIRE) — First Merchants Corporation (NASDAQ – FRME) (the “Corporation” or “First Merchants”)
Third Quarter 2026 Highlights:
- Net income available to common stockholders was $67.8 million, or $1.09 per diluted common share, compared with $43.5 million, or $0.70 per diluted common share, in the second quarter of 2026 and $56.3 million, or $0.98 per diluted common share in the third quarter of 2025.
- Adjusted pre-tax, pre-provision income1 of $83.7 million, compared to $84.6 million in the prior quarter and $70.5 million in the third quarter of 2025.
- Net interest margin on a fully taxable equivalent basis1 of 3.44%, up 6 basis points from the prior quarter and up 20 basis points from the third quarter of 2025.
- Loan growth of $70.2 million, or 1.8% annualized, on a linked quarter basis.
- Deposit growth of $175.6 million, or 4.2% annualized, on a linked quarter basis.
- Robust capital position with Common Equity Tier 1 Capital Ratio of 11.22%.
- Completed $100 million subordinated debt issuance in late September.
- Repurchased 1,264,062 shares of common stock totaling $50.3 million year-to-date, including 287,431 shares totaling $12.0 million in the third quarter.
- Nonperforming assets to total assets were 57 basis points compared to 56 basis points on a linked quarter basis.
- Efficiency ratio1 totaled 54.55% for the quarter.
- Announced the planned CEO transition: President Mike Stewart will succeed Mark Hardwick as Chief Executive Officer upon Mr. Hardwick’s retirement at year-end 2026.
“First Merchants delivered strong third quarter results. Earnings per diluted share were $1.09, up 11 percent from the third quarter of last year, fully taxable equivalent net interest margin1 rose 6 basis points to 3.44 percent, and deposit growth was solid,” said Mark Hardwick, Chief Executive Officer. “We made meaningful progress resolving the two commercial credits identified last quarter, and nonperforming assets remained stable. Our capital position remains very strong and we continue to return capital to shareholders through dividends and share repurchases.”
“As I approach my retirement at year-end, I am grateful to our 2,200 teammates for their dedication and to our clients and shareholders for the trust they have placed in us during my 29 years with First Merchants. I have great confidence in Mike Stewart and our leadership team, and I believe First Merchants is well positioned for continued success as they build on our Midwestern strength, deepen our client relationships and continue helping the communities we serve prosper.”
Third Quarter Financial Results:
The Corporation reported net income available to common stockholders of $67.8 million for the third quarter of 2026, compared with $56.3 million in the third quarter of 2025. Diluted earnings per common share were $1.09, compared with $0.98 a year earlier. Current quarter results included acquisition-related costs of $0.9 million that consisted primarily of equipment and professional fees. Excluding these non-core charges, adjusted earnings per diluted common share1 for the third quarter of 2026 totaled $1.10 compared to $0.99 in the prior-year period.
For the nine months ended September 30, 2026, net income available to common stockholders totaled $139.0 million, or $2.24 per diluted common share, compared with $167.5 million, or $2.90 per diluted common share in the prior-year period. Adjusted net income available to common stockholders1 was $178.0 million, or $2.87 per diluted common share, compared with $168.2 million, or $2.91 per diluted common share, a year earlier. Nine-month adjusted earnings exclude $21.7 million of acquisition-related expenses and the $29.8 million negative valuation adjustment recorded in the first quarter on $271.1 million of mortgage loans sold, resulting in total adjustments of $51.4 million before tax and $39.0 million after tax.
Total assets of the Corporation equaled $21.1 billion as of quarter-end and loans totaled $15.6 billion. Loans increased $2.0 billion during the last twelve months and $70.2 million on a linked quarter basis. Excluding loans acquired through First Savings Financial Group, Inc. (“First Savings”) and the impact of mortgage loan sale activity in the first quarter of 2026, the Corporation generated organic loan growth of $473.7 million, or 3.5% during the past twelve months.
Investment securities, totaling $3.1 billion, decreased $257.9 million, or 7.6% during the last twelve months and decreased $167.6 million on a linked quarter basis. Investment securities declined during the quarter due to principal paydowns and maturities, and a decline in the securities portfolio valuation due to increases in interest rates.
Total deposits equaled $16.9 billion as of quarter-end and increased by $2.1 billion over the past twelve months. The acquisition of First Savings contributed $1.7 billion in deposits. Total deposits increased $175.6 million, or 4.2% annualized, on a linked quarter basis. The loan-to-deposit ratio remained relatively stable at 92.2% at period end, compared to 92.7% in the prior quarter.
The Corporation’s Allowance for Credit Losses – Loans (ACL) totaled $215.5 million as of quarter-end, or 1.38% of loans, a decrease of $26.1 million from the prior quarter. Net charge-offs totaled $29.4 million driven by two non-performing credits for which specific reserves were established in the prior quarter. Provision for credit losses of $3.3 million was recorded during the quarter. Nonperforming assets to total assets remained relatively stable at 0.57%, compared to 0.56% in the prior quarter. Related credit costs for new nonaccrual loans were recognized in prior quarters. Reserves for unfunded commitments totaling $18.5 million remained unchanged from the previous quarter.
Net interest income, totaling $161.1 million for the quarter, increased $2.1 million, or 1.3%, compared to prior quarter and increased $27.4 million, or 20.5%, compared to the third quarter of 2025. Fully taxable equivalent net interest margin1 was 3.44%, an increase of 6 basis points from the linked quarter and an increase of 20 basis points compared to the third quarter of 2025.
Noninterest income totaled $38.0 million for the quarter, an increase of $0.8 million, compared to the prior quarter and an increase of $5.5 million compared to the third quarter of 2025. The linked-quarter increase primarily reflects higher deposit service charges and an increase in income from CRA investments recorded through Other Income.
Noninterest expense totaled $116.3 million for the quarter, an increase of $0.9 million from the prior quarter and an increase of $19.7 million from the third quarter of 2025. Acquisition-related costs totaling $0.9 million were incurred during the quarter and $3.8 million were recorded in the prior quarter. Excluding acquisition costs, noninterest expense increased $3.9 million linked quarter, primarily driven by a $1.4 million increase in marketing expense, a $0.7 million increase in employee health insurance costs, and a $0.6 million increase in premises expense that included a $0.5 million building lease impairment charge.
The Corporation’s total risk-based capital ratio equaled 13.58%, the common equity tier 1 capital ratio equaled 11.22%, and the tangible common equity ratio totaled 8.83%. These ratios continue to reflect the Corporation’s strong capital position.
1 See “Non-GAAP Financial Information” for reconciliation
CONFERENCE CALL
First Merchants Corporation will conduct an earnings conference call and webcast at 9:00 a.m. (ET) on Thursday, October 22, 2026.
To access via phone, participants will need to register using the following link where they will be provided a phone number and access code: (https://register-conf.media-server.com/register/BIb6ca7718e42d48c3b903034aad19eef4)
To view the webcast and presentation slides, please go to (https://edge.media-server.com/mmc/p/izzbnu6m) during the time of the call. A replay of the webcast will be available until October 22, 2027.
Detailed financial results are reported on the attached pages.
About First Merchants Corporation
First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).
First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).
FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.
Forward-Looking Statements
This news release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can often, but not always, be identified by the use of words like “believe”, “continue”, “pattern”, “estimate”, “project”, “intend”, “anticipate”, “expect” and similar expressions or future or conditional verbs such as “will”, “would”, “should”, “could”, “might”, “can”, “may”, or similar expressions. These forward-looking statements include, but are not limited to, statements relating to the expected benefits of the merger between First Merchants and First Savings, including future financial and operating results, cost savings, enhanced revenues, and accretion/dilution to reported earnings that may be realized from the merger, as well as other statements of expectations regarding the merger, and other statements of First Merchants’ goals, intentions and expectations; statements regarding First Merchants’ business plan and growth strategies; statements regarding the asset quality of First Merchants’ loan and investment portfolios; and estimates of First Merchants’ risks and future costs and benefits, whether with respect to the merger or otherwise. These forward-looking statements are subject to significant risks, assumptions and uncertainties that may cause results to differ materially from those set forth in forward-looking statements, including, among other things: the risk that the businesses of First Merchants and First Savings will not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; expected revenue synergies and cost savings from the merger may not be fully realized or realized within the expected time frame; revenues following the merger may be lower than expected; customer and employee relationships and business operations may be disrupted by the merger; possible changes in monetary and fiscal policies, and laws and regulations; the effects of easing restrictions on participants in the financial services industry; the cost and other effects of legal and administrative cases; possible changes in the credit-worthiness of customers and the possible impairment of collectability of loans; fluctuations in market rates of interest; competitive factors in the banking industry; changes in the banking legislation or regulatory requirements of federal and state agencies applicable to bank holding companies and banks like First Merchants’ affiliate bank; continued availability of earnings and excess capital sufficient for the lawful and prudent declaration of dividends; changes in market, economic, operational, liquidity (including the ability to grow and maintain core deposits and retain large uninsured deposits), credit and interest rate risks associated with First Merchants’ business; the impacts of epidemics, pandemics or other infectious disease outbreaks; and other risks and factors identified in each of First Merchants’ filings with the SEC. First Merchants undertakes no obligation to update any forward-looking statement, whether written or oral, relating to the matters discussed in this news release. In addition, First Merchants’ past results of operations do not necessarily indicate their anticipated future results.
Non-GAAP Financial Measures
This news release contains non-GAAP financial measures. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of the registrant’s historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet or statement of cash flows (or equivalent statements) of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. In this regard, GAAP refers to generally accepted accounting principles in the United States. Pursuant to the requirements of Regulation G, First Merchants Corporation has provided reconciliations within this news release, as necessary, of the non-GAAP financial measure to the most directly comparable GAAP financial measure.
| CONSOLIDATED BALANCE SHEETS (Unaudited) | |||||||
| (Dollars In Thousands, Except Per Share Amounts) | September 30, | ||||||
| 2026 | 2025 | ||||||
| ASSETS | |||||||
| Cash and due from banks | $ | 86,594 | $ | 88,079 | |||
| Interest-bearing deposits | 262,503 | 168,706 | |||||
| Investment securities available for sale | 1,251,540 | 1,386,903 | |||||
| Investment securities held to maturity, net of allowance for credit losses of $245 in 2026 and 2025 | 1,872,951 | 1,995,488 | |||||
| Loans held for sale | 87,300 | 23,190 | |||||
| Loans | 15,600,974 | 13,591,174 | |||||
| Less: Allowance for credit losses – loans | (215,526 | ) | (194,468 | ) | |||
| Net loans | 15,385,448 | 13,396,706 | |||||
| Premises and equipment | 145,030 | 121,771 | |||||
| Federal Home Loan Bank stock | 70,794 | 47,264 | |||||
| Interest receivable | 99,280 | 89,102 | |||||
| Goodwill | 788,186 | 712,002 | |||||
| Other intangibles | 36,320 | 15,298 | |||||
| Cash surrender value of life insurance | 374,974 | 306,583 | |||||
| Other real estate owned | 1,605 | 1,270 | |||||
| Tax asset, deferred and receivable | 136,258 | 89,758 | |||||
| Other assets | 457,939 | 369,509 | |||||
| TOTAL ASSETS | $ | 21,056,722 | $ | 18,811,629 | |||
| LIABILITIES | |||||||
| Deposits: | |||||||
| Noninterest-bearing | $ | 3,752,990 | $ | 2,100,570 | |||
| Interest-bearing | 13,175,942 | 12,769,409 | |||||
| Total Deposits | 16,928,932 | 14,869,979 | |||||
| Borrowings: | |||||||
| Federal funds purchased | — | 199,370 | |||||
| Securities sold under repurchase agreements | 99,638 | 122,226 | |||||
| Federal Home Loan Bank advances | 903,941 | 798,626 | |||||
| Subordinated debentures and other borrowings | 184,505 | 57,632 | |||||
| Total Borrowings | 1,188,084 | 1,177,854 | |||||
| Interest payable | 17,095 | 18,240 | |||||
| Other liabilities | 286,230 | 333,154 | |||||
| Total Liabilities | 18,420,341 | 16,399,227 | |||||
| STOCKHOLDERS’ EQUITY | |||||||
| Preferred Stock, $1,000 par value, $1,000 liquidation value: | |||||||
| Authorized — 600 cumulative shares | |||||||
| Issued and outstanding – 125 cumulative shares | 125 | 125 | |||||
| Preferred Stock, Series A, no par value, $2,500 liquidation preference: | |||||||
| Authorized — 10,000 non-cumulative perpetual shares | |||||||
| Issued and outstanding – 10,000 non-cumulative perpetual shares | 25,000 | 25,000 | |||||
| Common Stock, $0.125 stated value: | |||||||
| Authorized — 100,000,000 shares | |||||||
| Issued and outstanding – 62,210,134 and 57,192,497 shares | 7,754 | 7,149 | |||||
| Additional paid-in capital | 1,347,943 | 1,158,026 | |||||
| Retained earnings | 1,483,496 | 1,377,966 | |||||
| Accumulated other comprehensive loss | (227,937 | ) | (155,864 | ) | |||
| Total Stockholders’ Equity | 2,636,381 | 2,412,402 | |||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 21,056,722 | $ | 18,811,629 | |||
| CONSOLIDATED STATEMENTS OF INCOME (Unaudited) |
|||||||||||||
| (Dollars In Thousands, Except Per Share Amounts) | Three Months Ended | Nine Months Ended | |||||||||||
| September 30, | September 30, | ||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||
| INTEREST INCOME | |||||||||||||
| Loans: | |||||||||||||
| Taxable | $ | 230,072 | $ | 200,406 | $ | 670,230 | $ | 583,307 | |||||
| Tax-exempt | 11,379 | 11,173 | 34,791 | 32,510 | |||||||||
| Investment securities: | |||||||||||||
| Taxable | 7,331 | 8,288 | 22,233 | 24,926 | |||||||||
| Tax-exempt | 12,279 | 12,460 | 37,334 | 37,493 | |||||||||
| Deposits with financial institutions | 1,308 | 1,676 | 3,699 | 5,940 | |||||||||
| Federal Home Loan Bank stock | 1,578 | 1,092 | 5,068 | 3,172 | |||||||||
| Total Interest Income | 263,947 | 235,095 | 773,355 | 687,348 | |||||||||
| INTEREST EXPENSE | |||||||||||||
| Deposits | 91,313 | 90,821 | 261,660 | 255,609 | |||||||||
| Federal funds purchased | 225 | 224 | 1,532 | 2,001 | |||||||||
| Securities sold under repurchase agreements | 378 | 654 | 1,129 | 2,059 | |||||||||
| Federal Home Loan Bank advances | 9,537 | 8,638 | 33,775 | 27,716 | |||||||||
| Subordinated debentures and other borrowings | 1,426 | 1,093 | 3,947 | 3,014 | |||||||||
| Total Interest Expense | 102,879 | 101,430 | 302,043 | 290,399 | |||||||||
| NET INTEREST INCOME | 161,068 | 133,665 | 471,312 | 396,949 | |||||||||
| Provision for credit losses | 3,300 | 4,300 | 41,200 | 14,100 | |||||||||
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 157,768 | 129,365 | 430,112 | 382,849 | |||||||||
| NONINTEREST INCOME | |||||||||||||
| Service charges on deposit accounts | 9,775 | 8,921 | 28,184 | 25,559 | |||||||||
| Fiduciary and wealth management fees | 9,786 | 8,842 | 29,192 | 26,317 | |||||||||
| Card payment fees | 5,606 | 5,007 | 16,386 | 14,465 | |||||||||
| Net gains and fees on sales of loans | 7,428 | 4,983 | 21,681 | 15,854 | |||||||||
| Derivative hedge fees | 1,082 | 1,097 | 2,763 | 2,332 | |||||||||
| Other customer fees | 584 | 414 | 2,057 | 1,230 | |||||||||
| Earnings on bank-owned life insurance | 2,353 | 1,667 | 8,124 | 5,759 | |||||||||
| Net realized losses on sales of available for sale securities | — | — | — | (8 | ) | ||||||||
| Net loss on mortgage loans reclassified to held for sale | — | — | (29,755 | ) | — | ||||||||
| Other income | 1,391 | 1,546 | 2,358 | 2,320 | |||||||||
| Total Noninterest Income | 38,005 | 32,477 | 80,990 | 93,828 | |||||||||
| NONINTEREST EXPENSE | |||||||||||||
| Salaries and employee benefits | 66,339 | 57,317 | 201,556 | 166,826 | |||||||||
| Net occupancy | 8,807 | 7,057 | 25,335 | 21,118 | |||||||||
| Equipment | 8,061 | 6,998 | 24,482 | 20,933 | |||||||||
| Marketing | 3,630 | 2,120 | 7,601 | 5,470 | |||||||||
| Outside data processing fees | 7,883 | 6,943 | 23,118 | 19,979 | |||||||||
| Printing and office supplies | 481 | 311 | 1,349 | 930 | |||||||||
| Intangible asset amortization | 2,652 | 1,499 | 7,660 | 4,530 | |||||||||
| FDIC assessments | 4,381 | 3,526 | 12,664 | 10,726 | |||||||||
| Other real estate owned and foreclosure expenses | 1,594 | 121 | 3,746 | 750 | |||||||||
| Professional and other outside services | 4,665 | 3,718 | 24,237 | 10,720 | |||||||||
| Other expenses | 7,761 | 6,951 | 24,998 | 21,079 | |||||||||
| Total Noninterest Expense | 116,254 | 96,561 | 356,746 | 283,061 | |||||||||
| Income Before Income Taxes | 79,519 | 65,281 | 154,356 | 193,616 | |||||||||
| Income tax expense | 11,204 | 8,516 | 13,905 | 24,680 | |||||||||
| NET INCOME | 68,315 | 56,765 | 140,451 | 168,936 | |||||||||
| Preferred stock dividends | 468 | 468 | 1,406 | 1,406 | |||||||||
| NET INCOME AVAILABLE TO COMMON STOCKHOLDERS | $ | 67,847 | $ | 56,297 | $ | 139,045 | $ | 167,530 | |||||
| PER SHARE DATA: | |||||||||||||
| Basic Net Income Available to Common Stockholders | $ | 1.09 | $ | 0.98 | $ | 2.25 | $ | 2.91 | |||||
| Diluted Net Income Available to Common Stockholders | $ | 1.09 | $ | 0.98 | $ | 2.24 | $ | 2.90 | |||||
| Cash Dividends Paid to Common Stockholders | $ | 0.37 | $ | 0.36 | $ | 1.10 | $ | 1.07 | |||||
| Tangible Common Book Value Per Share(1) | $ | 28.86 | $ | 29.08 | $ | 28.86 | $ | 29.08 | |||||
| Average Diluted Common Shares Outstanding (in thousands) | 62,411 | 57,448 | 62,003 | 57,817 | |||||||||
(1) See “Non-GAAP Financial Information” for reconciliation
| FINANCIAL HIGHLIGHTS | |||||||||||||||
| (Dollars In Thousands) | Three Months Ended | Nine Months Ended | |||||||||||||
| September 30, | September 30, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| NET CHARGE-OFFS | $ | 29,389 | $ | 5,148 | $ | 43,550 | $ | 12,389 | |||||||
| AVERAGE BALANCES: | |||||||||||||||
| Assets | $ | 21,065,760 | $ | 18,637,581 | $ | 20,911,229 | $ | 18,497,118 | |||||||
| Loans | 15,608,069 | 13,376,214 | 15,321,286 | 13,162,668 | |||||||||||
| Earning Assets | 19,432,368 | 17,282,901 | 19,288,344 | 17,135,301 | |||||||||||
| Deposits | 16,885,365 | 14,907,861 | 16,537,651 | 14,654,894 | |||||||||||
| Stockholders’ Equity | 2,695,943 | 2,367,971 | 2,684,796 | 2,349,718 | |||||||||||
| FINANCIAL RATIOS: | |||||||||||||||
| Return on Average Assets | 1.30 | % | 1.22 | % | 0.90 | % | 1.22 | % | |||||||
| Return on Average Stockholders’ Equity | 10.07 | 9.51 | 6.91 | 9.51 | |||||||||||
| Return on Tangible Common Stockholders’ Equity(1) | 15.09 | 14.21 | 10.43 | 14.27 | |||||||||||
| Average Earning Assets to Average Assets | 92.25 | 92.73 | 92.24 | 92.64 | |||||||||||
| Allowance for Credit Losses – Loans as % of Loans | 1.38 | 1.43 | 1.38 | 1.43 | |||||||||||
| Net Charge-offs as % of Average Loans (Annualized) | 0.75 | 0.15 | 0.38 | 0.13 | |||||||||||
| Average Stockholders’ Equity to Average Assets | 12.80 | 12.71 | 12.84 | 12.70 | |||||||||||
| Fully Taxable Equivalent (“FTE”) Yield on Average Earning Assets | 5.56 | 5.58 | 5.48 | 5.49 | |||||||||||
| Interest Expense/Average Earning Assets | 2.12 | 2.34 | 2.09 | 2.26 | |||||||||||
| Net Interest Margin FTE(1) | 3.44 | 3.24 | 3.39 | 3.23 | |||||||||||
| Efficiency Ratio(1) | 54.55 | 55.09 | 60.44 | 54.54 | |||||||||||
(1) See “Non-GAAP Financial Information” for reconciliation
| ASSET QUALITY | |||||||||||||||||||
| (Dollars In Thousands) | September 30, | June 30, | March 31, | December 31, | September 30, | ||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | |||||||||||||||
| Nonaccrual Loans | $ | 117,415 | $ | 118,203 | $ | 89,592 | $ | 71,773 | $ | 65,740 | |||||||||
| Other Real Estate Owned and Repossessions | 1,605 | 1,562 | 1,264 | 658 | 1,270 | ||||||||||||||
| Nonperforming Assets (NPA) | 119,020 | 119,765 | 90,856 | 72,431 | 67,010 | ||||||||||||||
| Accruing Loans 90+ Days Delinquent | 12,672 | 9,738 | 4,078 | 2,042 | 1,925 | ||||||||||||||
| NPAs & 90+ Days Delinquent | $ | 131,692 | $ | 129,503 | $ | 94,934 | $ | 74,473 | $ | 68,935 | |||||||||
| Allowance for Credit Losses – Loans | $ | 215,526 | $ | 241,615 | $ | 212,520 | $ | 195,597 | $ | 194,468 | |||||||||
| Quarterly Net Charge-offs | 29,389 | 3,905 | 10,256 | 6,021 | 5,148 | ||||||||||||||
| NPAs / Assets % | 0.57 | % | 0.56 | % | 0.43 | % | 0.38 | % | 0.36 | % | |||||||||
| NPAs & 90+ Days / Assets % | 0.63 | % | 0.61 | % | 0.45 | % | 0.39 | % | 0.37 | % | |||||||||
| NPAs / Loans and OREO % | 0.76 | % | 0.77 | % | 0.60 | % | 0.52 | % | 0.49 | % | |||||||||
| Allowance for Credit Losses – Loans as % of Loans | 1.38 | % | 1.56 | % | 1.39 | % | 1.42 | % | 1.43 | % | |||||||||
| Quarterly Net Charge-offs as % of Average Loans (Annualized) | 0.75 | % | 0.10 | % | 0.27 | % | 0.18 | % | 0.15 | % | |||||||||
| CONSOLIDATED BALANCE SHEETS (Unaudited) | |||||||||||||||||||
| (Dollars In Thousands, Except Per Share Amounts) | September 30, | June 30, | March 31, | December 31, | September 30, | ||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | |||||||||||||||
| ASSETS | |||||||||||||||||||
| Cash and due from banks | $ | 86,594 | $ | 86,665 | $ | 98,083 | $ | 84,158 | $ | 88,079 | |||||||||
| Interest-bearing deposits | 262,503 | 529,432 | 175,354 | 196,300 | 168,706 | ||||||||||||||
| Investment securities available for sale | 1,251,540 | 1,384,392 | 1,372,417 | 1,407,102 | 1,386,903 | ||||||||||||||
| Investment securities held to maturity, net of allowance for credit losses | 1,872,951 | 1,907,684 | 1,937,485 | 1,971,539 | 1,995,488 | ||||||||||||||
| Loans held for sale | 87,300 | 77,880 | 401,839 | 20,079 | 23,190 | ||||||||||||||
| Loans | 15,600,974 | 15,530,737 | 15,261,889 | 13,791,707 | 13,591,174 | ||||||||||||||
| Less: Allowance for credit losses – loans | (215,526 | ) | (241,615 | ) | (212,520 | ) | (195,597 | ) | (194,468 | ) | |||||||||
| Net loans | 15,385,448 | 15,289,122 | 15,049,369 | 13,596,110 | 13,396,706 | ||||||||||||||
| Premises and equipment | 145,030 | 148,164 | 146,013 | 121,058 | 121,771 | ||||||||||||||
| Federal Home Loan Bank stock | 70,794 | 70,818 | 70,835 | 47,245 | 47,264 | ||||||||||||||
| Interest receivable | 99,280 | 101,927 | 97,026 | 93,374 | 89,102 | ||||||||||||||
| Goodwill | 788,186 | 788,186 | 782,789 | 712,002 | 712,002 | ||||||||||||||
| Other intangibles | 36,320 | 38,972 | 41,678 | 13,800 | 15,298 | ||||||||||||||
| Cash surrender value of life insurance | 374,974 | 373,242 | 371,238 | 308,438 | 306,583 | ||||||||||||||
| Other real estate owned | 1,605 | 1,562 | 1,264 | 658 | 1,270 | ||||||||||||||
| Tax asset, deferred and receivable | 136,258 | 113,975 | 116,814 | 78,664 | 89,758 | ||||||||||||||
| Other assets | 457,939 | 436,744 | 410,317 | 374,574 | 369,509 | ||||||||||||||
| TOTAL ASSETS | $ | 21,056,722 | $ | 21,348,765 | $ | 21,072,521 | $ | 19,025,101 | $ | 18,811,629 | |||||||||
| LIABILITIES | |||||||||||||||||||
| Deposits: | |||||||||||||||||||
| Noninterest-bearing | $ | 3,752,990 | $ | 3,831,836 | $ | 3,748,279 | $ | 2,137,262 | $ | 2,100,570 | |||||||||
| Interest-bearing | 13,175,942 | 12,921,545 | 12,737,338 | 13,157,593 | 12,769,409 | ||||||||||||||
| Total Deposits | 16,928,932 | 16,753,381 | 16,485,617 | 15,294,855 | 14,869,979 | ||||||||||||||
| Borrowings: | |||||||||||||||||||
| Federal funds purchased | — | — | 170,000 | 40,000 | 199,370 | ||||||||||||||
| Securities sold under repurchase agreements | 99,638 | 103,340 | 89,458 | 103,755 | 122,226 | ||||||||||||||
| Federal Home Loan Bank advances | 903,941 | 1,414,059 | 1,299,192 | 798,549 | 798,626 | ||||||||||||||
| Subordinated debentures and other borrowings | 184,505 | 86,350 | 86,345 | 57,630 | 57,632 | ||||||||||||||
| Total Borrowings | 1,188,084 | 1,603,749 | 1,644,995 | 999,934 | 1,177,854 | ||||||||||||||
| Interest payable | 17,095 | 17,491 | 18,890 | 18,235 | 18,240 | ||||||||||||||
| Other liabilities | 286,230 | 276,967 | 250,454 | 245,410 | 333,154 | ||||||||||||||
| Total Liabilities | 18,420,341 | 18,651,588 | 18,399,956 | 16,558,434 | 16,399,227 | ||||||||||||||
| STOCKHOLDERS’ EQUITY | |||||||||||||||||||
| Preferred Stock, $1,000 par value, $1,000 liquidation value: | |||||||||||||||||||
| Authorized — 600 cumulative shares | |||||||||||||||||||
| Issued and outstanding – 125 cumulative shares | 125 | 125 | 125 | 125 | 125 | ||||||||||||||
| Preferred Stock, Series A, no par value, $2,500 liquidation preference: | |||||||||||||||||||
| Authorized — 10,000 non-cumulative perpetual shares | |||||||||||||||||||
| Issued and outstanding – 10,000 non-cumulative perpetual shares | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | ||||||||||||||
| Common Stock, $0.125 stated value: | |||||||||||||||||||
| Authorized — 100,000,000 shares | |||||||||||||||||||
| Issued and outstanding | 7,754 | 7,776 | 7,813 | 7,119 | 7,149 | ||||||||||||||
| Additional paid-in capital | 1,347,943 | 1,358,975 | 1,369,879 | 1,150,816 | 1,158,026 | ||||||||||||||
| Retained earnings | 1,483,496 | 1,438,894 | 1,418,609 | 1,413,742 | 1,377,966 | ||||||||||||||
| Accumulated other comprehensive loss | (227,937 | ) | (133,593 | ) | (148,861 | ) | (130,135 | ) | (155,864 | ) | |||||||||
| Total Stockholders’ Equity | 2,636,381 | 2,697,177 | 2,672,565 | 2,466,667 | 2,412,402 | ||||||||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 21,056,722 | $ | 21,348,765 | $ | 21,072,521 | $ | 19,025,101 | $ | 18,811,629 | |||||||||
| CONSOLIDATED STATEMENTS OF INCOME (Unaudited) | |||||||||||||||||||
| (Dollars In Thousands, Except Per Share Amounts) | September 30, | June 30, | March 31, | December 31, | September 30, | ||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | |||||||||||||||
| INTEREST INCOME | |||||||||||||||||||
| Loans: | |||||||||||||||||||
| Taxable | $ | 230,072 | $ | 226,531 | $ | 213,627 | $ | 203,120 | $ | 200,406 | |||||||||
| Tax-exempt | 11,379 | 11,823 | 11,589 | 10,905 | 11,173 | ||||||||||||||
| Investment securities: | |||||||||||||||||||
| Taxable | 7,331 | 7,355 | 7,547 | 7,736 | 8,288 | ||||||||||||||
| Tax-exempt | 12,279 | 12,458 | 12,597 | 12,459 | 12,460 | ||||||||||||||
| Deposits with financial institutions | 1,308 | 1,147 | 1,244 | 2,187 | 1,676 | ||||||||||||||
| Federal Home Loan Bank stock | 1,578 | 1,525 | 1,965 | 1,037 | 1,092 | ||||||||||||||
| Total Interest Income | 263,947 | 260,839 | 248,569 | 237,444 | 235,095 | ||||||||||||||
| INTEREST EXPENSE | |||||||||||||||||||
| Deposits | 91,313 | 86,254 | 84,093 | 88,670 | 90,821 | ||||||||||||||
| Federal funds purchased | 225 | 717 | 590 | 218 | 224 | ||||||||||||||
| Securities sold under repurchase agreements | 378 | 419 | 332 | 405 | 654 | ||||||||||||||
| Federal Home Loan Bank advances | 9,537 | 13,190 | 11,048 | 8,047 | 8,638 | ||||||||||||||
| Subordinated debentures and other borrowings | 1,426 | 1,318 | 1,203 | 1,040 | 1,093 | ||||||||||||||
| Total Interest Expense | 102,879 | 101,898 | 97,266 | 98,380 | 101,430 | ||||||||||||||
| NET INTEREST INCOME | 161,068 | 158,941 | 151,303 | 139,064 | 133,665 | ||||||||||||||
| Provision for credit losses | 3,300 | 33,000 | 4,900 | 7,150 | 4,300 | ||||||||||||||
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 157,768 | 125,941 | 146,403 | 131,914 | 129,365 | ||||||||||||||
| NONINTEREST INCOME | |||||||||||||||||||
| Service charges on deposit accounts | 9,775 | 9,372 | 9,037 | 8,704 | 8,921 | ||||||||||||||
| Fiduciary and wealth management fees | 9,786 | 9,638 | 9,768 | 9,175 | 8,842 | ||||||||||||||
| Card payment fees | 5,606 | 5,505 | 5,275 | 5,325 | 5,007 | ||||||||||||||
| Net gains and fees on sales of loans | 7,428 | 7,742 | 6,511 | 5,421 | 4,983 | ||||||||||||||
| Derivative hedge fees | 1,082 | 1,117 | 564 | 1,053 | 1,097 | ||||||||||||||
| Other customer fees | 584 | 880 | 593 | 315 | 414 | ||||||||||||||
| Earnings on bank-owned life insurance | 2,353 | 2,325 | 3,446 | 1,854 | 1,667 | ||||||||||||||
| Net loss on mortgage loans reclassified to held for sale | — | — | (29,755 | ) | — | — | |||||||||||||
| Other income | 1,391 | 577 | 390 | 1,259 | 1,546 | ||||||||||||||
| Total Noninterest Income | 38,005 | 37,156 | 5,829 | 33,106 | 32,477 | ||||||||||||||
| NONINTEREST EXPENSE | |||||||||||||||||||
| Salaries and employee benefits | 66,339 | 65,774 | 69,443 | 58,254 | 57,317 | ||||||||||||||
| Net occupancy | 8,807 | 8,227 | 8,301 | 7,283 | 7,057 | ||||||||||||||
| Equipment | 8,061 | 8,603 | 7,818 | 7,681 | 6,998 | ||||||||||||||
| Marketing | 3,630 | 2,370 | 1,601 | 2,324 | 2,120 | ||||||||||||||
| Outside data processing fees | 7,883 | 8,045 | 7,190 | 7,509 | 6,943 | ||||||||||||||
| Printing and office supplies | 481 | 491 | 377 | 450 | 311 | ||||||||||||||
| Intangible asset amortization | 2,652 | 2,706 | 2,302 | 1,498 | 1,499 | ||||||||||||||
| FDIC assessments | 4,381 | 4,390 | 3,893 | 2,684 | 3,526 | ||||||||||||||
| Other real estate owned and foreclosure expenses | 1,594 | 1,052 | 1,100 | 775 | 121 | ||||||||||||||
| Professional and other outside services | 4,665 | 4,979 | 14,593 | 3,774 | 3,718 | ||||||||||||||
| Other expenses | 7,761 | 8,710 | 8,527 | 7,290 | 6,951 | ||||||||||||||
| Total Noninterest Expense | 116,254 | 115,347 | 125,145 | 99,522 | 96,561 | ||||||||||||||
| Income Before Income Taxes | 79,519 | 47,750 | 27,087 | 65,498 | 65,281 | ||||||||||||||
| Income tax expense (benefit) | 11,204 | 3,770 | (1,069 | ) | 8,433 | 8,516 | |||||||||||||
| NET INCOME | 68,315 | 43,980 | 28,156 | 57,065 | 56,765 | ||||||||||||||
| Preferred stock dividends | 468 | 469 | 469 | 469 | 468 | ||||||||||||||
| NET INCOME AVAILABLE TO COMMON STOCKHOLDERS | $ | 67,847 | $ | 43,511 | $ | 27,687 | $ | 56,596 | $ | 56,297 | |||||||||
| PER SHARE DATA: | |||||||||||||||||||
| Basic Net Income Available to Common Stockholders | $ | 1.09 | $ | 0.70 | $ | 0.46 | $ | 0.99 | $ | 0.98 | |||||||||
| Diluted Net Income Available to Common Stockholders | $ | 1.09 | $ | 0.70 | $ | 0.45 | $ | 0.99 | $ | 0.98 | |||||||||
| Cash Dividends Paid to Common Stockholders | $ | 0.37 | $ | 0.37 | $ | 0.36 | $ | 0.36 | $ | 0.36 | |||||||||
| Tangible Common Book Value Per Share(1) | $ | 28.86 | $ | 29.80 | $ | 29.34 | $ | 30.18 | $ | 29.08 | |||||||||
| Average Diluted Common Shares Outstanding (in thousands) | 62,411 | 62,574 | 61,008 | 57,442 | 57,448 | ||||||||||||||
| FINANCIAL RATIOS: | |||||||||||||||||||
| Return on Average Assets | 1.30 | % | 0.83 | % | 0.55 | % | 1.20 | % | 1.22 | % | |||||||||
| Return on Average Stockholders’ Equity | 10.07 | 6.44 | 4.17 | 9.23 | 9.51 | ||||||||||||||
| Return on Tangible Common Stockholders’ Equity(1) | 15.09 | 9.80 | 6.39 | 13.57 | 14.21 | ||||||||||||||
| Average Earning Assets to Average Assets | 92.25 | 92.14 | 92.33 | 92.69 | 92.73 | ||||||||||||||
| Allowance for Credit Losses – Loans as % of Loans | 1.38 | 1.56 | 1.39 | 1.42 | 1.43 | ||||||||||||||
| Net Charge-offs as % of Average Loans (Annualized) | 0.75 | 0.10 | 0.27 | 0.18 | 0.15 | ||||||||||||||
| Average Stockholders’ Equity to Average Assets | 12.80 | 12.71 | 13.01 | 12.88 | 12.71 | ||||||||||||||
| Fully Taxable Equivalent (FTE) Yield on Average Earning Assets | 5.56 | 5.46 | 5.41 | 5.52 | 5.58 | ||||||||||||||
| Interest Expense/Average Earning Assets | 2.12 | 2.08 | 2.06 | 2.23 | 2.34 | ||||||||||||||
| Net Interest Margin FTE(1) | 3.44 | 3.38 | 3.35 | 3.29 | 3.24 | ||||||||||||||
| Efficiency Ratio(1) | 54.55 | 55.11 | 74.45 | 54.52 | 55.09 | ||||||||||||||
(1) See “Non-GAAP Financial Information” for reconciliation
| LOANS | |||||||||||||||||||
| (Dollars In Thousands) | September 30, | June 30, | March 31, | December 31, | September 30, | ||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | |||||||||||||||
| Commercial and industrial loans | $ | 4,578,572 | $ | 4,720,441 | $ | 4,611,596 | $ | 4,478,282 | $ | 4,604,895 | |||||||||
| Agricultural land, production and other loans to farmers | 339,723 | 323,348 | 310,788 | 283,125 | 275,817 | ||||||||||||||
| Real estate loans: | |||||||||||||||||||
| Construction | 959,483 | 874,419 | 899,895 | 804,775 | 789,021 | ||||||||||||||
| Commercial real estate, non-owner occupied | 3,208,902 | 3,271,620 | 3,192,337 | 2,338,666 | 2,304,889 | ||||||||||||||
| Commercial real estate, owner occupied | 1,440,264 | 1,368,627 | 1,334,959 | 1,237,100 | 1,232,117 | ||||||||||||||
| Residential | 2,419,376 | 2,361,480 | 2,273,860 | 2,420,310 | 2,412,783 | ||||||||||||||
| Home equity | 1,139,040 | 1,118,662 | 1,104,739 | 710,980 | 687,021 | ||||||||||||||
| Individuals’ loans for household and other personal expenditures | 157,939 | 149,878 | 153,283 | 155,436 | 138,703 | ||||||||||||||
| Public finance and other commercial loans | 1,357,675 | 1,342,262 | 1,380,432 | 1,363,033 | 1,145,928 | ||||||||||||||
| Loans | 15,600,974 | 15,530,737 | 15,261,889 | 13,791,707 | 13,591,174 | ||||||||||||||
| Allowance for credit losses – loans | (215,526 | ) | (241,615 | ) | (212,520 | ) | (195,597 | ) | (194,468 | ) | |||||||||
| NET LOANS | $ | 15,385,448 | $ | 15,289,122 | $ | 15,049,369 | $ | 13,596,110 | $ | 13,396,706 | |||||||||
| DEPOSITS | ||||||||||||||
| (Dollars In Thousands) | September 30, | June 30, | March 31, | December 31, | September 30, | |||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | ||||||||||
| Interest-Bearing Deposits: | ||||||||||||||
| Checking deposits | $ | 4,768,669 | $ | 4,738,680 | $ | 4,261,269 | $ | 5,633,210 | $ | 5,545,127 | ||||
| Money market deposits | 4,780,359 | 4,632,564 | 4,761,930 | 4,219,226 | 3,908,199 | |||||||||
| Savings deposits | 1,380,813 | 1,410,997 | 1,442,596 | 1,262,560 | 1,256,508 | |||||||||
| Certificates and other time deposits | 2,246,101 | 2,139,304 | 2,271,543 | 2,042,597 | 2,059,575 | |||||||||
| Total Interest-Bearing Deposits(1) | 13,175,942 | 12,921,545 | 12,737,338 | 13,157,593 | 12,769,409 | |||||||||
| Noninterest-bearing deposits | 3,752,990 | 3,831,836 | 3,748,279 | 2,137,262 | 2,100,570 | |||||||||
| TOTAL DEPOSITS | $ | 16,928,932 | $ | 16,753,381 | $ | 16,485,617 | $ | 15,294,855 | $ | 14,869,979 | ||||
(1) Total Interest-Bearing Deposits contain brokered deposits of $1.4 billion, which includes brokered CDs of $409.8 million at September 30, 2026.
| CONSOLIDATED AVERAGE BALANCE SHEET AND NET INTEREST MARGIN ANALYSIS | |||||||||||||||||
| (Dollars In Thousands) | |||||||||||||||||
| Three Months Ended | |||||||||||||||||
| September 30, 2026 | September 30, 2025 | ||||||||||||||||
| Average Balance | Interest Income / Expense |
Average Rate |
Average Balance | Interest Income / Expense |
Average Rate |
||||||||||||
| ASSETS | |||||||||||||||||
| Interest-bearing deposits | $ | 234,715 | $ | 1,308 | 2.23 | % | $ | 229,271 | $ | 1,676 | 2.92 | % | |||||
| Federal Home Loan Bank stock | 70,805 | 1,578 | 8.91 | 47,278 | 1,092 | 9.24 | |||||||||||
| Investment Securities:(1) | |||||||||||||||||
| Taxable | 1,434,474 | 7,331 | 2.04 | 1,567,594 | 8,288 | 2.11 | |||||||||||
| Tax-exempt(2) | 2,005,985 | 15,543 | 3.10 | 2,036,379 | 15,772 | 3.10 | |||||||||||
| Total Investment Securities | 3,440,459 | 22,874 | 2.66 | 3,603,973 | 24,060 | 2.67 | |||||||||||
| Loans held for sale | 78,320 | 1,600 | 8.17 | 26,165 | 401 | 6.13 | |||||||||||
| Loans:(3) | |||||||||||||||||
| Commercial | 10,915,052 | 177,309 | 6.50 | 9,165,241 | 158,469 | 6.92 | |||||||||||
| Real estate mortgage | 2,215,960 | 27,989 | 5.05 | 2,217,524 | 25,676 | 4.63 | |||||||||||
| HELOC and installment | 1,317,354 | 23,174 | 7.04 | 851,239 | 15,860 | 7.45 | |||||||||||
| Tax-exempt(2) | 1,159,703 | 14,375 | 4.96 | 1,142,210 | 14,070 | 4.93 | |||||||||||
| Total Loans, including loans held for sale | 15,686,389 | 244,447 | 6.23 | 13,402,379 | 214,476 | 6.40 | |||||||||||
| Total Earning Assets | 19,432,368 | 270,207 | 5.56 | % | 17,282,901 | 241,304 | 5.58 | % | |||||||||
| Total Non-Earning Assets | 1,633,392 | 1,354,680 | |||||||||||||||
| TOTAL ASSETS | $ | 21,065,760 | $ | 18,637,581 | |||||||||||||
| LIABILITIES | |||||||||||||||||
| Interest-Bearing Deposits: | |||||||||||||||||
| Checking deposits | $ | 4,774,656 | $ | 35,524 | 2.98 | % | $ | 5,600,373 | $ | 37,463 | 2.68 | % | |||||
| Money market deposits | 4,702,730 | 33,686 | 2.87 | 3,843,537 | 31,709 | 3.30 | |||||||||||
| Savings deposits | 1,396,706 | 2,311 | 0.66 | 1,269,539 | 2,605 | 0.82 | |||||||||||
| Certificates and other time deposits | 2,249,894 | 19,792 | 3.52 | 2,036,704 | 19,044 | 3.74 | |||||||||||
| Total Interest-Bearing Deposits | 13,123,986 | 91,313 | 2.78 | 12,750,153 | 90,821 | 2.85 | |||||||||||
| Borrowings | 1,191,522 | 11,566 | 3.88 | 1,072,145 | 10,609 | 3.96 | |||||||||||
| Total Interest-Bearing Liabilities | 14,315,508 | 102,879 | 2.87 | 13,822,298 | 101,430 | 2.94 | |||||||||||
| Noninterest-bearing deposits | 3,761,379 | 2,157,708 | |||||||||||||||
| Other liabilities | 292,930 | 289,604 | |||||||||||||||
| Total Liabilities | 18,369,817 | 16,269,610 | |||||||||||||||
| STOCKHOLDERS’ EQUITY | 2,695,943 | 2,367,971 | |||||||||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 21,065,760 | $ | 18,637,581 | |||||||||||||
| Net Interest Income (FTE) | $ | 167,328 | $ | 139,874 | |||||||||||||
| Net Interest Spread (FTE)(4) | 2.69 | % | 2.64 | % | |||||||||||||
| Net Interest Margin (FTE): | |||||||||||||||||
| Interest Income (FTE) / Average Earning Assets | 5.56 | % | 5.58 | % | |||||||||||||
| Interest Expense / Average Earning Assets | 2.12 | % | 2.34 | % | |||||||||||||
| Net Interest Margin (FTE)(5) | 3.44 | % | 3.24 | % | |||||||||||||
| (1) Average balance of securities is computed based on the average of the historical amortized cost balances without the effects of the fair value adjustments. Annualized amounts are computed using a 30/360 day basis. | |||||||||||||||||
| (2) Tax-exempt securities and loans are presented on a fully taxable equivalent basis, using a marginal tax rate of 21 percent for 2026 and 2025. These totals equal $6.3 million and $6.2 million for the three months ended September 30, 2026 and 2025, respectively. See “Non-GAAP Financial Information” for reconciliation. | |||||||||||||||||
| (3) Nonaccrual loans have been included in the average balances. | |||||||||||||||||
| (4) Net Interest Spread (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average interest-bearing liabilities. See “Non-GAAP Financial Information” for reconciliation. | |||||||||||||||||
| (5) Net Interest Margin (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average earning assets. See “Non-GAAP Financial Information” for reconciliation. | |||||||||||||||||
| CONSOLIDATED AVERAGE BALANCE SHEET AND NET INTEREST MARGIN ANALYSIS | |||||||||||||||||
| (Dollars In Thousands) | |||||||||||||||||
| Nine Months Ended | |||||||||||||||||
| September 30, 2026 | September 30, 2025 | ||||||||||||||||
| Average Balance | Interest Income / Expense |
Average Rate |
Average Balance | Interest Income / Expense |
Average Rate |
||||||||||||
| ASSETS | |||||||||||||||||
| Interest-bearing deposits | $ | 225,198 | $ | 3,699 | 2.19 | % | $ | 258,396 | $ | 5,940 | 3.07 | % | |||||
| Federal Home Loan Bank stock | 68,147 | 5,068 | 9.92 | 45,964 | 3,172 | 9.20 | |||||||||||
| Investment Securities:(1) | |||||||||||||||||
| Taxable | 1,467,054 | 22,233 | 2.02 | 1,602,343 | 24,926 | 2.07 | |||||||||||
| Tax-exempt(2) | 2,030,587 | 47,258 | 3.10 | 2,041,755 | 47,459 | 3.10 | |||||||||||
| Total Investment Securities | 3,497,641 | 69,491 | 2.65 | 3,644,098 | 72,385 | 2.65 | |||||||||||
| Loans held for sale | 176,072 | 7,568 | 5.73 | 24,175 | 1,109 | 6.12 | |||||||||||
| Loans:(3) | |||||||||||||||||
| Commercial | 10,655,628 | 514,636 | 6.44 | 8,982,171 | 460,349 | 6.83 | |||||||||||
| Real estate mortgage | 2,239,083 | 82,763 | 4.93 | 2,203,263 | 75,184 | 4.55 | |||||||||||
| HELOC and installment | 1,241,618 | 65,263 | 7.01 | 838,420 | 46,665 | 7.42 | |||||||||||
| Tax-exempt(2) | 1,184,957 | 43,912 | 4.94 | 1,138,814 | 41,079 | 4.81 | |||||||||||
| Total Loans, including loans held for sale | 15,497,358 | 714,142 | 6.14 | 13,186,843 | 624,386 | 6.31 | |||||||||||
| Total Earning Assets | 19,288,344 | 792,400 | 5.48 | % | 17,135,301 | 705,883 | 5.49 | % | |||||||||
| Total Non-Earning Assets | 1,622,885 | 1,361,817 | |||||||||||||||
| TOTAL ASSETS | $ | 20,911,229 | $ | 18,497,118 | |||||||||||||
| LIABILITIES | |||||||||||||||||
| Interest-Bearing Deposits: | |||||||||||||||||
| Checking deposits | $ | 4,904,249 | $ | 96,544 | 2.62 | % | $ | 5,556,274 | $ | 107,372 | 2.58 | % | |||||
| Money market deposits | 4,667,252 | 99,003 | 2.83 | 3,633,314 | 86,375 | 3.17 | |||||||||||
| Savings deposits | 1,397,781 | 6,823 | 0.65 | 1,283,856 | 7,563 | 0.79 | |||||||||||
| Certificates and other time deposits | 2,245,010 | 59,290 | 3.52 | 1,996,406 | 54,299 | 3.63 | |||||||||||
| Total Interest-Bearing Deposits | 13,214,292 | 261,660 | 2.64 | 12,469,850 | 255,609 | 2.73 | |||||||||||
| Borrowings | 1,412,602 | 40,383 | 3.81 | 1,194,498 | 34,790 | 3.88 | |||||||||||
| Total Interest-Bearing Liabilities | 14,626,894 | 302,043 | 2.76 | 13,664,348 | 290,399 | 2.83 | |||||||||||
| Noninterest-bearing deposits | 3,323,359 | 2,185,044 | |||||||||||||||
| Other liabilities | 276,180 | 298,008 | |||||||||||||||
| Total Liabilities | 18,226,433 | 16,147,400 | |||||||||||||||
| STOCKHOLDERS’ EQUITY | 2,684,796 | 2,349,718 | |||||||||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 20,911,229 | $ | 18,497,118 | |||||||||||||
| Net Interest Income (FTE) | $ | 490,357 | $ | 415,484 | |||||||||||||
| Net Interest Spread (FTE)(4) | 2.72 | % | 2.66 | % | |||||||||||||
| Net Interest Margin (FTE): | |||||||||||||||||
| Interest Income (FTE) / Average Earning Assets | 5.48 | % | 5.49 | % | |||||||||||||
| Interest Expense / Average Earning Assets | 2.09 | % | 2.26 | % | |||||||||||||
| Net Interest Margin (FTE)(5) | 3.39 | % | 3.23 | % | |||||||||||||
| (1) Average balance of securities is computed based on the average of the historical amortized cost balances without the effects of the fair value adjustments. Annualized amounts are computed using a 30/360 day basis. | |||||||||||||||||
| (2) Tax-exempt securities and loans are presented on a fully taxable equivalent basis, using a marginal tax rate of 21 percent for 2026 and 2025. These totals equal $19.0 million and $18.5 million for the nine months ended September 30, 2026 and 2025, respectively. See “Non-GAAP Financial Information” for reconciliation. | |||||||||||||||||
| (3) Nonaccrual loans have been included in the average balances. | |||||||||||||||||
| (4) Net Interest Spread (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average interest-bearing liabilities. See “Non-GAAP Financial Information” for reconciliation. | |||||||||||||||||
| (5) Net Interest Margin (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average earning assets. See “Non-GAAP Financial Information” for reconciliation. | |||||||||||||||||
| ADJUSTED NET INCOME AND DILUTED EARNINGS PER COMMON SHARE (NON-GAAP) | |||||||||||||||||||||||||||
| (Dollars In Thousands, Except Per Share Amounts) | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
| September 30, | June 30, | March 31, | December 31, | September 30, | September 30, | September 30, | |||||||||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | 2026 | 2025 | |||||||||||||||||||||
| Net Income Available to Common Stockholders (GAAP) | $ | 67,847 | $ | 43,511 | $ | 27,687 | $ | 56,596 | $ | 56,297 | $ | 139,045 | $ | 167,530 | |||||||||||||
| Adjustments: | |||||||||||||||||||||||||||
| Net realized losses on sales of available for sale securities | — | — | — | — | — | — | 8 | ||||||||||||||||||||
| Net loss on mortgage loans reclassified to held for sale | — | — | 29,755 | — | — | 29,755 | — | ||||||||||||||||||||
| Acquisition-related expenses | 862 | 3,830 | 16,968 | 524 | 276 | 21,660 | 276 | ||||||||||||||||||||
| Non-core expenses(1)(2) | — | — | — | (743 | ) | 633 | — | 633 | |||||||||||||||||||
| Tax on adjustments | (208 | ) | (925 | ) | (11,279 | ) | 53 | (220 | ) | (12,412 | ) | (222 | ) | ||||||||||||||
| Adjusted Net Income Available to Common Stockholders (non-GAAP) | $ | 68,501 | $ | 46,416 | $ | 63,131 | $ | 56,430 | $ | 56,986 | $ | 178,048 | $ | 168,225 | |||||||||||||
| Average Diluted Common Shares Outstanding (in thousands) | 62,411 | 62,574 | 61,008 | 57,442 | 57,448 | 62,003 | 57,817 | ||||||||||||||||||||
| Diluted Earnings Per Common Share (GAAP) | $ | 1.09 | $ | 0.70 | $ | 0.45 | $ | 0.99 | $ | 0.98 | $ | 2.24 | $ | 2.90 | |||||||||||||
| Adjustments: | |||||||||||||||||||||||||||
| Net realized losses on sales of available for sale securities | — | — | — | — | — | — | — | ||||||||||||||||||||
| Net loss on mortgage loans reclassified to held for sale | — | — | 0.49 | — | — | 0.48 | — | ||||||||||||||||||||
| Acquisition-related expenses | 0.01 | 0.06 | 0.28 | — | — | 0.35 | — | ||||||||||||||||||||
| Non-core expenses(1)(2) | — | — | — | (0.01 | ) | 0.01 | — | 0.01 | |||||||||||||||||||
| Tax on adjustments | — | (0.02 | ) | (0.19 | ) | — | — | (0.20 | ) | — | |||||||||||||||||
| Adjusted Diluted Earnings Per Common Share (non-GAAP) | $ | 1.10 | $ | 0.74 | $ | 1.03 | $ | 0.98 | $ | 0.99 | $ | 2.87 | $ | 2.91 | |||||||||||||
(1) Non-core expenses in the Three Months Ended December 31, 2025 included a $0.7 million reduction in the FDIC special assessment
(2) Non-core expenses in the Three and Nine Months Ended September 30, 2025 included $0.6 million of severance costs
| PRE-TAX, PRE-PROVISION (“PTPP”) EARNINGS, AS ADJUSTED (NON-GAAP) | |||||||||||||||||||||||||||
| (Dollars In Thousands) | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
| September 30, | June 30, | March 31, | December 31, | September 30, | September 30, | September 30, | |||||||||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | 2026 | 2025 | |||||||||||||||||||||
| Net Interest Income (GAAP) | $ | 161,068 | $ | 158,941 | $ | 151,303 | $ | 139,064 | $ | 133,665 | $ | 471,312 | $ | 396,949 | |||||||||||||
| Noninterest Income (GAAP) | 38,005 | 37,156 | 5,829 | 33,106 | 32,477 | 80,990 | 93,828 | ||||||||||||||||||||
| Total Revenue | 199,073 | 196,097 | 157,132 | 172,170 | 166,142 | 552,302 | 490,777 | ||||||||||||||||||||
| Noninterest Expense (GAAP) | 116,254 | 115,347 | 125,145 | 99,522 | 96,561 | 356,746 | 283,061 | ||||||||||||||||||||
| Pre-Tax, Pre-Provision Earnings (non-GAAP) | 82,819 | 80,750 | 31,987 | 72,648 | 69,581 | 195,556 | 207,716 | ||||||||||||||||||||
| Provision for Credit Losses (GAAP) | 3,300 | 33,000 | 4,900 | 7,150 | 4,300 | 41,200 | 14,100 | ||||||||||||||||||||
| Income Tax Expense (Benefit) (GAAP) | 11,204 | 3,770 | (1,069 | ) | 8,433 | 8,516 | 13,905 | 24,680 | |||||||||||||||||||
| Net Income (GAAP) | $ | 68,315 | $ | 43,980 | $ | 28,156 | $ | 57,065 | $ | 56,765 | $ | 140,451 | $ | 168,936 | |||||||||||||
| Pre-Tax, Pre-Provision Earnings (non-GAAP) | 82,819 | 80,750 | 31,987 | 72,648 | 69,581 | 195,556 | 207,716 | ||||||||||||||||||||
| Net realized losses on sales of available for sale securities | — | — | — | — | — | — | 8 | ||||||||||||||||||||
| Net loss on mortgage loans reclassified to held for sale | — | — | 29,755 | — | — | 29,755 | — | ||||||||||||||||||||
| Acquisition-related expenses | 862 | 3,830 | 16,968 | 524 | 276 | 21,660 | 276 | ||||||||||||||||||||
| Non-core expenses(1)(2)(non-GAAP) | — | — | — | (743 | ) | 633 | — | 633 | |||||||||||||||||||
| Adjusted Pre-Tax, Pre-Provision (“Adjusted PTPP”) Earnings (non-GAAP) | $ | 83,681 | $ | 84,580 | $ | 78,710 | $ | 72,429 | $ | 70,490 | $ | 246,971 | $ | 208,633 | |||||||||||||
| Average Assets (GAAP) | $ | 21,065,760 | $ | 21,253,171 | $ | 20,407,523 | $ | 19,039,989 | $ | 18,637,581 | $ | 20,911,229 | $ | 18,497,118 | |||||||||||||
| Average Equity (GAAP) | $ | 2,695,943 | $ | 2,702,249 | $ | 2,655,756 | $ | 2,452,005 | $ | 2,367,971 | $ | 2,684,796 | $ | 2,349,718 | |||||||||||||
| Adjusted PTPP / Average Assets (Adjusted PTPP ROA) | 1.59 | % | 1.59 | % | 1.54 | % | 1.52 | % | 1.51 | % | 1.57 | % | 1.50 | % | |||||||||||||
| Adjusted PTPP / Average Equity (Adjusted PTPP ROE) | 12.42 | % | 12.52 | % | 11.86 | % | 11.82 | % | 11.91 | % | 12.27 | % | 11.84 | % | |||||||||||||
(1) Non-core expenses in the Three Months Ended December 31, 2025 included a $0.7 million reduction in the FDIC special assessment
(2) Non-core expenses in the Three and Nine Months Ended September 30, 2025 included $0.6 million of severance costs
| NET INTEREST SPREAD AND MARGIN (FTE ADJUSTED) (NON-GAAP) | |||||||||||||||||||||||||||
| (Dollars in Thousands) | |||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||
| September 30, | June 30, | March 31, | December 31, | September 30, | September 30, | September 30, | |||||||||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | 2026 | 2025 | |||||||||||||||||||||
| Interest income (GAAP) | $ | 263,947 | $ | 260,839 | $ | 248,569 | $ | 237,444 | $ | 235,095 | $ | 773,355 | $ | 687,348 | |||||||||||||
| FTE adjustment | 6,260 | 6,391 | 6,394 | 6,185 | 6,209 | 19,045 | 18,535 | ||||||||||||||||||||
| Interest Income (FTE) (non-GAAP) | 270,207 | 267,230 | 254,963 | 243,629 | 241,304 | 792,400 | 705,883 | ||||||||||||||||||||
| Interest Expense (GAAP) | 102,879 | 101,898 | 97,266 | 98,380 | 101,430 | 302,043 | 290,399 | ||||||||||||||||||||
| Net Interest Income (FTE) (non-GAAP) | $ | 167,328 | $ | 165,332 | $ | 157,697 | $ | 145,249 | $ | 139,874 | $ | 490,357 | $ | 415,484 | |||||||||||||
| Average Earning Assets (GAAP) | $ | 19,432,368 | $ | 19,583,204 | $ | 18,842,984 | $ | 17,648,233 | $ | 17,282,901 | $ | 19,288,344 | $ | 17,135,301 | |||||||||||||
| Average Interest-Bearing Liabilities (GAAP) | $ | 14,315,508 | $ | 14,553,001 | $ | 15,019,911 | $ | 14,109,091 | $ | 13,822,298 | $ | 14,626,894 | $ | 13,664,348 | |||||||||||||
| Net Interest Spread (GAAP) | 2.56 | % | 2.53 | % | 2.69 | % | 2.59 | % | 2.50 | % | 2.59 | % | 2.51 | % | |||||||||||||
| FTE adjustment | 0.13 | % | 0.13 | % | 0.13 | % | 0.14 | % | 0.14 | % | 0.13 | % | 0.15 | % | |||||||||||||
| Net Interest Spread (FTE) (non-GAAP) | 2.69 | % | 2.66 | % | 2.82 | % | 2.73 | % | 2.64 | % | 2.72 | % | 2.66 | % | |||||||||||||
| Net Interest Margin (GAAP) | 3.32 | % | 3.25 | % | 3.21 | % | 3.15 | % | 3.09 | % | 3.26 | % | 3.09 | % | |||||||||||||
| FTE adjustment | 0.12 | % | 0.13 | % | 0.14 | % | 0.14 | % | 0.15 | % | 0.13 | % | 0.14 | % | |||||||||||||
| Net Interest Margin (FTE) (non-GAAP) | 3.44 | % | 3.38 | % | 3.35 | % | 3.29 | % | 3.24 | % | 3.39 | % | 3.23 | % | |||||||||||||
| EFFICIENCY RATIO (NON-GAAP) | |||||||||||||||||||||||||||
| (Dollars In Thousands) | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
| September 30, | June 30, | March 31, | December 31, | September 30, | September 30, | September 30, | |||||||||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | 2026 | 2025 | |||||||||||||||||||||
| Noninterest Expense (GAAP) | $ | 116,254 | $ | 115,347 | $ | 125,145 | $ | 99,522 | $ | 96,561 | $ | 356,746 | $ | 283,061 | |||||||||||||
| Less: Intangible asset amortization | (2,652 | ) | (2,706 | ) | (2,302 | ) | (1,498 | ) | (1,499 | ) | (7,660 | ) | (4,530 | ) | |||||||||||||
| Less: OREO and foreclosure expenses | (1,594 | ) | (1,052 | ) | (1,100 | ) | (775 | ) | (121 | ) | (3,746 | ) | (750 | ) | |||||||||||||
| Adjusted Noninterest Expense (non-GAAP) | $ | 112,008 | $ | 111,589 | $ | 121,743 | $ | 97,249 | $ | 94,941 | $ | 345,340 | $ | 277,781 | |||||||||||||
| Net Interest Income (GAAP) | $ | 161,068 | $ | 158,941 | $ | 151,303 | $ | 139,064 | $ | 133,665 | $ | 471,312 | $ | 396,949 | |||||||||||||
| Plus: Fully taxable equivalent adjustment | 6,260 | 6,391 | 6,394 | 6,185 | 6,209 | 19,045 | 18,535 | ||||||||||||||||||||
| Net Interest Income on a Fully Taxable Equivalent Basis (non-GAAP) | $ | 167,328 | $ | 165,332 | $ | 157,697 | $ | 145,249 | $ | 139,874 | $ | 490,357 | $ | 415,484 | |||||||||||||
| Noninterest Income (GAAP) | $ | 38,005 | $ | 37,156 | $ | 5,829 | $ | 33,106 | $ | 32,477 | $ | 80,990 | $ | 93,828 | |||||||||||||
| Less: Investment securities (gains) losses | — | — | — | — | — | — | 8 | ||||||||||||||||||||
| Adjusted Noninterest Income (non-GAAP) | $ | 38,005 | $ | 37,156 | $ | 5,829 | $ | 33,106 | $ | 32,477 | $ | 80,990 | $ | 93,836 | |||||||||||||
| Adjusted Revenue (non-GAAP) | $ | 205,333 | $ | 202,488 | $ | 163,526 | $ | 178,355 | $ | 172,351 | $ | 571,347 | $ | 509,320 | |||||||||||||
| Efficiency Ratio (non-GAAP) | 54.55 | % | 55.11 | % | 74.45 | % | 54.52 | % | 55.09 | % | 60.44 | % | 54.54 | % | |||||||||||||
| Adjusted Noninterest Expense (non-GAAP) | $ | 112,008 | $ | 111,589 | $ | 121,743 | $ | 97,249 | $ | 94,941 | $ | 345,340 | $ | 277,781 | |||||||||||||
| Less: Acquisition-related expenses | (862 | ) | (3,830 | ) | (16,968 | ) | (524 | ) | (276 | ) | (21,660 | ) | (276 | ) | |||||||||||||
| Less: Non-core expenses(1)(2) | — | — | — | 743 | (633 | ) | — | (633 | ) | ||||||||||||||||||
| Adjusted Noninterest Expense Excluding Non-core Expenses (non-GAAP) | $ | 111,146 | $ | 107,759 | $ | 104,775 | $ | 97,468 | $ | 94,032 | $ | 323,680 | $ | 276,872 | |||||||||||||
| Adjusted Revenue (non-GAAP) | $ | 205,333 | $ | 202,488 | $ | 163,526 | $ | 178,355 | $ | 172,351 | $ | 571,347 | $ | 509,320 | |||||||||||||
| Add: Net loss on mortgage loans reclassified to held for sale | — | — | 29,755 | — | — | 29,755 | — | ||||||||||||||||||||
| Adjusted Revenue Excluding Net loss on mortgage loans reclassified to held for sale (non-GAAP) | $ | 205,333 | $ | 202,488 | $ | 193,281 | $ | 178,355 | $ | 172,351 | $ | 601,102 | $ | 509,320 | |||||||||||||
| Adjusted Efficiency Ratio (non-GAAP) | 54.13 | % | 53.22 | % | 54.21 | % | 54.65 | % | 54.56 | % | 53.85 | % | 54.36 | % | |||||||||||||
(1) Non-core expenses in the Three Months Ended December 31, 2025 included a $0.7 million reduction in the FDIC special assessment
(2) Non-core expenses in the Three and Nine Months Ended September 30, 2025 included $0.6 million of severance costs
| TANGIBLE COMMON EQUITY (NON-GAAP) | |||||||||||||||||||
| (Dollars In Thousands) | September 30, | June 30, | March 31, | December 31, | September 30, | ||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | |||||||||||||||
| Total Stockholders’ Equity (GAAP) | $ | 2,636,381 | $ | 2,697,177 | $ | 2,672,565 | $ | 2,466,667 | $ | 2,412,402 | |||||||||
| Less: Preferred stock | (25,125 | ) | (25,125 | ) | (25,125 | ) | (25,125 | ) | (25,125 | ) | |||||||||
| Less: Intangible assets | (824,506 | ) | (827,158 | ) | (824,467 | ) | (725,802 | ) | (727,300 | ) | |||||||||
| Tangible Common Equity (non-GAAP) | $ | 1,786,750 | $ | 1,844,894 | $ | 1,822,973 | $ | 1,715,740 | $ | 1,659,977 | |||||||||
| Total Assets (GAAP) | $ | 21,056,722 | $ | 21,348,765 | $ | 21,072,521 | $ | 19,025,101 | $ | 18,811,629 | |||||||||
| Less: Intangible assets | (824,506 | ) | (827,158 | ) | (824,467 | ) | (725,802 | ) | (727,300 | ) | |||||||||
| Tangible Assets (non-GAAP) | $ | 20,232,216 | $ | 20,521,607 | $ | 20,248,054 | $ | 18,299,299 | $ | 18,084,329 | |||||||||
| Tangible Common Equity Ratio (non-GAAP) | 8.83 | % | 8.99 | % | 9.00 | % | 9.38 | % | 9.18 | % | |||||||||
| TANGIBLE COMMON EQUITY PER COMMON SHARE (NON-GAAP) | |||||||||||||||||||
| (Dollars In Thousands, Except Per Share Amounts) | September 30, | June 30, | March 31, | December 31, | September 30, | ||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | |||||||||||||||
| Total Stockholders’ Equity (GAAP) | $ | 2,636,381 | $ | 2,697,177 | $ | 2,672,565 | $ | 2,466,667 | $ | 2,412,402 | |||||||||
| Less: Preferred stock | (25,125 | ) | (25,125 | ) | (25,125 | ) | (25,125 | ) | (25,125 | ) | |||||||||
| Less: Intangible assets | (824,506 | ) | (827,158 | ) | (824,467 | ) | (725,802 | ) | (727,300 | ) | |||||||||
| Plus: Tax benefit | 8,470 | 9,084 | 11,069 | 2,966 | 3,290 | ||||||||||||||
| Tangible Common Equity, Net of Tax (non-GAAP) | $ | 1,795,220 | $ | 1,853,978 | $ | 1,834,042 | $ | 1,718,706 | $ | 1,663,267 | |||||||||
| Common Shares Outstanding | 62,210,134 | 62,205,528 | 62,508,055 | 56,951,939 | 57,192,497 | ||||||||||||||
| Tangible Common Equity per Share, Net of Tax (non-GAAP) | $ | 28.86 | $ | 29.80 | $ | 29.34 | $ | 30.18 | $ | 29.08 | |||||||||
| RETURN ON TANGIBLE COMMON EQUITY (NON-GAAP) | |||||||||||||||||||||||||||
| (Dollars In Thousands) | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
| September 30, | June 30, | March 31, | December 31, | September 30, | September 30, | September 30, | |||||||||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | 2026 | 2025 | |||||||||||||||||||||
| Total Average Stockholders’ Equity (GAAP) | $ | 2,695,943 | $ | 2,702,249 | $ | 2,655,756 | $ | 2,452,005 | $ | 2,367,971 | $ | 2,684,796 | $ | 2,349,718 | |||||||||||||
| Less: Average preferred stock | (25,125 | ) | (25,125 | ) | (25,125 | ) | (25,125 | ) | (25,125 | ) | (25,125 | ) | (25,125 | ) | |||||||||||||
| Less: Average intangible assets, net of tax | (817,139 | ) | (813,608 | ) | (784,490 | ) | (723,466 | ) | (724,619 | ) | (805,198 | ) | (725,775 | ) | |||||||||||||
| Average Tangible Common Equity, Net of Tax (non-GAAP) | $ | 1,853,679 | $ | 1,863,516 | $ | 1,846,141 | $ | 1,703,414 | $ | 1,618,227 | $ | 1,854,473 | $ | 1,598,818 | |||||||||||||
| Net Income Available to Common Stockholders (GAAP) | $ | 67,847 | $ | 43,511 | $ | 27,687 | $ | 56,596 | $ | 56,297 | $ | 139,045 | $ | 167,530 | |||||||||||||
| Plus: Intangible asset amortization, net of tax | 2,095 | 2,137 | 1,819 | 1,183 | 1,185 | 6,051 | 3,579 | ||||||||||||||||||||
| Tangible Net Income (non-GAAP) | $ | 69,942 | $ | 45,648 | $ | 29,506 | $ | 57,779 | $ | 57,482 | $ | 145,096 | $ | 171,109 | |||||||||||||
| Return on Tangible Common Equity (non-GAAP) | 15.09 | % | 9.80 | % | 6.39 | % | 13.57 | % | 14.21 | % | 10.43 | % | 14.27 | % | |||||||||||||
For more information, contact:
Nicole M. Weaver, First Vice President and Director of Corporate Administration
765-521-7619
http://www.firstmerchants.com
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