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$1.45B
Net Interest Income
$494.31M
Net Income
57.2%
Efficiency Ratio
3.13%
Net Int. Margin
9.7%
ROE
Financial Statements Annual (10-K)
Showing 5 of 15 annual reports available (2011 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Interest Income $3.38B $3.38B $2.14B $1.94B $1.40B $1.08B
Interest Expense $1.08B $1.08B $725.91M $491.80M $61.35M $51.63M
Net Interest Income $2.30B $2.30B $1.42B $1.45B $1.34B $1.03B
Provision for Credit Losses $119.76M $119.76M $15.97M $114.08M $81.86M $-165.27M
Net Interest Income After Provision $2.18B $2.18B $1.40B $1.34B $1.25B $1.20B
Non-Interest Income $377.74M $377.74M $302.26M $286.91M $309.25M $354.21M
Other Non-Interest Income $55.28M $55.28M $51.85M $42.02M $29.79M $36.88M
Non-Interest Expense $1.52B $1.52B $1.00B $994.58M $929.70M $948.42M
Compensation & Benefits $797.84M $797.84M $606.87M $583.40M $554.70M $552.03M
Occupancy Expense $160.44M $160.44M $90.10M $88.69M $89.50M $92.22M
Technology & Equipment $120.95M $120.95M $92.19M $84.47M $79.70M $74.42M
Marketing Expense $12.99M $12.99M $9.14M $9.47M $8.89M $7.96M
Professional Fees $21.77M $21.77M $16.40M $18.55M $15.33M $10.63M
Other Non-Interest Expense $133.12M $133.12M $94.00M $98.22M $84.46M $67.35M
Income Before Tax $1.04B $1.04B $700.25M $630.85M $633.36M $604.28M
Income Tax Expense $241.54M $241.54M $165.47M $136.54M $137.31M $128.74M
Net Income $798.67M $798.67M $534.78M $494.31M $496.05M $475.54M
Basic EPS nan 7.90 7.01 6.50 6.65 6.76
Diluted EPS nan 7.87 6.97 6.46 6.60 6.71
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Due from Banks $583.38M $525.51M $510.92M $548.39M $476.65M
Interest-Bearing Deposits $302.18M $272.78M $251.52M $183.69M $347.58M
Investment Securities - AFS $6.31B $4.32B $4.78B $5.33B $5.19B
Investment Securities - HTM - - - $2.68B $1.82B
Loans & Leases (Gross) $48.60B $33.90B $32.39B $30.18B $23.93B
Allowance for Loan Losses - - - $356.44M $301.81M
Loans & Leases (Net) $48.01B $33.44B $31.93B $29.82B $23.63B
Goodwill & Intangibles $3.09B $1.92B $1.92B $1.92B $1.58B
Other Assets $653.23M $433.75M $466.92M $515.60M $438.83M
Total Assets $67.20B $46.38B $44.90B $43.92B $41.96B
Total Deposits $55.15B $38.06B $37.05B $36.35B $35.05B
Other Liabilities $1.05B $598.29M $478.14M $443.10M $553.31M
Total Liabilities $58.14B $40.49B $39.37B $38.84B $37.16B
Common Stock $247.84M $190.81M $190.06M $189.26M $173.33M
Retained Earnings $2.61B $2.05B $1.69B $1.35B $997.66M
AOCI $-283.38M $-606.92M $-582.54M $-677.09M $-21.15M
Total Stockholders Equity $9.06B $5.89B $5.53B $5.07B $4.80B
Total Liabilities & Equity $67.20B $46.38B $44.90B $43.92B $41.96B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $798.67M $798.67M $534.78M $494.31M $496.05M $475.54M
Deferred Taxes - $105.28M $-10.02M $1.95M - -
Stock-based Compensation $64.17M $37.01M $28.00M $35.86M $35.64M $25.72M
Net Change in Loans HFS $1.41B $1.47B $1.54B $2.23B $3.86B $-745.09M
Operating Cash Flow $120.94M $300.85M $511.96M $546.76M $1.73B $537.26M
Purchases of Securities $13.61B $6.94B $96.82M $80.35M $1.38B $2.94B
Sales of Securities $8.62B $2.87B $1.95M $129.61M $482.03M $151.31M
Maturities of Securities $4.92B $3.84B $511.56M $590.76M $575.88M $805.34M
Capital Expenditures $116.01M $70.25M $35.81M $38.88M $17.67M $28.42M
Acquisitions - - - - $-250.12M $39.93M
Investing Cash Flow $3.24B $20.81M $-886.18M $-1.43B $-4.86B $-2.32B
Net Change in Deposits $2.38B $1.88B $1.01B $699.78M $-1.78B $4.37B
Common Stock Repurchased $258.27M $235.82M $16.76M $16.06M $119.33M $147.42M
Dividends Paid $397.78M $231.30M $162.89M $156.18M $146.66M $135.34M
Financing Cash Flow $2.40B $1.46B $767.41M $566.00M $-2.28B $4.02B
Net Change in Cash $5.76B $1.78B $393.19M $-313.69M $-5.41B $2.23B
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Interest Expense $281.99M $192.70M $839.71M $551.07M
Income Before Tax $321.36M $186.54M $724.80M $512.90M
Income Tax Expense $74.72M $43.36M $173.86M $122.30M
Net Income $246.64M $143.18M $550.95M $390.61M
Basic EPS 2.44 1.88 5.43 5.12
Diluted EPS 2.42 1.86 5.41 5.09
Basic Shares Outstanding $101.22M $76.30M $101.37M $76.28M
Diluted Shares Outstanding $101.73M $76.81M $101.81M $76.69M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Goodwill $3.09B $1.92B
Intangible Assets $409.89M $66.46M
Total Assets $66.05B $46.38B
Total Liabilities $57.04B $40.49B
Common Stock $252.72M $190.81M
Retained Earnings $2.43B $2.05B
Total Stockholders Equity $9.01B $5.89B
Total Liabilities & Equity $66.05B $46.38B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $246.64M $143.18M $550.95M $390.61M
Stock-based Compensation - - $28.44M $20.90M
Operating Cash Flow - - $68.79M $157.67M
Capital Expenditure - - $53.65M $22.39M
Sales of Investments - - $2.25B $406.15M
Investing Cash Flow - - $1.08B $-650.08M
Stock Issued - - $2.59M $1.67M
Stock Repurchased - - $54.30M $16.68M
Dividends Paid - - $171.29M $121.65M
Financing Cash Flow - - $603.43M $706.21M
Net Change in Cash - - $1.75B $213.80M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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