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10-Q Filing

BEACON FINANCIAL CORP CIK: 1108134 Q3 2023
Filing Information
Form Type 10-Q
Accession Number 0001108134-23-000022
Period End Date 20230930
Filing Date 20231109
Fiscal Year 2023
Fiscal Period Q3
XBRL Instance bhlb-20230930_htm.xml
Balance Sheet 104 line items
Line Item Tag Value Unit Period
Securities held to maturity fair value HeldToMaturitySecuritiesFairValue $507.46M USD Point-in-time
Securities held to maturity fair value HeldToMaturitySecuritiesFairValue $453.73M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 51.90M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 51.90M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 43.82M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 44.36M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockCommonShares 7.54M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockCommonShares 8.08M shares Point-in-time
Cash and due from banks CashAndDueFromBanks $145.34M USD Point-in-time
Cash and due from banks CashAndDueFromBanks $120.63M USD Point-in-time
Short-term investments CashEquivalentsAtCarryingValue $542.84M USD Point-in-time
Short-term investments CashEquivalentsAtCarryingValue $540.01M USD Point-in-time
Total cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $663.47M USD Point-in-time
Total cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $685.36M USD Point-in-time
Trading securities, at fair value TradingSecuritiesDebt $6.17M USD Point-in-time
Trading securities, at fair value TradingSecuritiesDebt $6.71M USD Point-in-time
Equity securities, at fair value EquitySecuritiesFvNiCurrentAndNoncurrent $12.86M USD Point-in-time
Equity securities, at fair value EquitySecuritiesFvNiCurrentAndNoncurrent $12.32M USD Point-in-time
Securities available for sale, at fair value DebtSecuritiesAvailableForSaleExcludingAccruedInterest $1.26B USD Point-in-time
Securities available for sale, at fair value DebtSecuritiesAvailableForSaleExcludingAccruedInterest $1.42B USD Point-in-time
Securities held to maturity (fair values of $453,729 and $507,464) DebtSecuritiesHeldToMaturityExcludingAccruedInterestBeforeAllowanceForCreditLoss $552.98M USD Point-in-time
Securities held to maturity (fair values of $453,729 and $507,464) DebtSecuritiesHeldToMaturityExcludingAccruedInterestBeforeAllowanceForCreditLoss $583.45M USD Point-in-time
Federal Home Loan Bank stock FederalHomeLoanBankStock $7.22M USD Point-in-time
Federal Home Loan Bank stock FederalHomeLoanBankStock $38.91M USD Point-in-time
Total securities Investments $1.87B USD Point-in-time
Total securities Investments $2.03B USD Point-in-time
Less: Allowance for credit losses on held to maturity securities DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $69.00K USD Point-in-time
Less: Allowance for credit losses on held to maturity securities DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $94.00K USD Point-in-time
Less: Allowance for credit losses on held to maturity securities DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $105.00K USD Point-in-time
Less: Allowance for credit losses on held to maturity securities DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $91.00K USD Point-in-time
Less: Allowance for credit losses on held to maturity securities DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $71.00K USD Point-in-time
Less: Allowance for credit losses on held to maturity securities DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest $95.00K USD Point-in-time
Net securities InvestmentsNet $1.87B USD Point-in-time
Net securities InvestmentsNet $2.03B USD Point-in-time
Loans held for sale LoansReceivableHeldForSaleNetNotPartOfDisposalGroupOrDiscontinuedOperation $2.34M USD Point-in-time
Loans held for sale LoansReceivableHeldForSaleNetNotPartOfDisposalGroupOrDiscontinuedOperation $4.31M USD Point-in-time
Total loans FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss $8.34B USD Point-in-time
Total loans FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss $8.98B USD Point-in-time
Less: Allowance for credit losses on loans FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $106.09M USD Point-in-time
Less: Allowance for credit losses on loans FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $100.22M USD Point-in-time
Less: Allowance for credit losses on loans FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $102.79M USD Point-in-time
Less: Allowance for credit losses on loans FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $96.01M USD Point-in-time
Less: Allowance for credit losses on loans FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $99.02M USD Point-in-time
Less: Allowance for credit losses on loans FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest $96.27M USD Point-in-time
Net loans FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $8.88B USD Point-in-time
Net loans FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $8.24B USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $70.04M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $85.22M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $24.48M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $20.87M USD Point-in-time
Cash surrender value of bank-owned life insurance policies BankOwnedLifeInsurance $242.17M USD Point-in-time
Cash surrender value of bank-owned life insurance policies BankOwnedLifeInsurance $238.92M USD Point-in-time
Other assets OtherAssets $377.61M USD Point-in-time
Other assets OtherAssets $348.94M USD Point-in-time
Total assets Assets $11.66B USD Point-in-time
Total assets Assets $12.14B USD Point-in-time
Demand deposits DemandDepositAccounts $2.53B USD Point-in-time
Demand deposits DemandDepositAccounts $2.85B USD Point-in-time
NOW and other deposits DepositsNegotiableOrderOfWithdrawalNOW $1.05B USD Point-in-time
NOW and other deposits DepositsNegotiableOrderOfWithdrawalNOW $843.03M USD Point-in-time
Money market deposits DepositsMoneyMarketDeposits $3.08B USD Point-in-time
Money market deposits DepositsMoneyMarketDeposits $3.72B USD Point-in-time
Savings deposits DepositsSavingsDeposits $1.09B USD Point-in-time
Savings deposits DepositsSavingsDeposits $1.06B USD Point-in-time
Time deposits TimeDeposits $2.45B USD Point-in-time
Time deposits TimeDeposits $1.63B USD Point-in-time
Total deposits Deposits $10.33B USD Point-in-time
Total deposits Deposits $9.98B USD Point-in-time
Short-term debt ShortTermBorrowings $670.00M USD Point-in-time
Short-term debt ShortTermBorrowings - USD Point-in-time
Long-term Federal Home Loan Bank advances and other FederalHomeLoanBankAdvancesLongTerm $4.45M USD Point-in-time
Long-term Federal Home Loan Bank advances and other FederalHomeLoanBankAdvancesLongTerm $134.29M USD Point-in-time
Subordinated borrowings JuniorSubordinatedNotes $121.30M USD Point-in-time
Subordinated borrowings JuniorSubordinatedNotes $121.06M USD Point-in-time
Total borrowings DebtAndCapitalLeaseObligations $925.60M USD Point-in-time
Total borrowings DebtAndCapitalLeaseObligations $125.51M USD Point-in-time
Other liabilities OtherLiabilities $282.81M USD Point-in-time
Other liabilities OtherLiabilities $256.02M USD Point-in-time
Total liabilities Liabilities $11.19B USD Point-in-time
Total liabilities Liabilities $10.71B USD Point-in-time
Common stock ($0.01 par value; 100,000,000 shares authorized and 51,903,190 shares issued and 43,822,473 shares outstanding in 2023; 51,903,190 shares issued and 44,361,222 shares outstanding in 2022) CommonStockValue $528.00K USD Point-in-time
Common stock ($0.01 par value; 100,000,000 shares authorized and 51,903,190 shares issued and 43,822,473 shares outstanding in 2023; 51,903,190 shares issued and 44,361,222 shares outstanding in 2022) CommonStockValue $528.00K USD Point-in-time
Additional paid-in capital - common stock AdditionalPaidInCapitalCommonStock $1.42B USD Point-in-time
Additional paid-in capital - common stock AdditionalPaidInCapitalCommonStock $1.42B USD Point-in-time
Unearned compensation DeferredCompensationEquity $8.60M USD Point-in-time
Unearned compensation DeferredCompensationEquity $12.00M USD Point-in-time
Retained (deficit) RetainedEarningsAccumulatedDeficit $-71.43M USD Point-in-time
Retained (deficit) RetainedEarningsAccumulatedDeficit $-23.85M USD Point-in-time
Accumulated other comprehensive (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-218.39M USD Point-in-time
Accumulated other comprehensive (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-181.05M USD Point-in-time
Treasury stock, at cost (8,080,717 shares in 2023 and 7,541,968 shares in 2022) TreasuryStockCommonValue $209.57M USD Point-in-time
Treasury stock, at cost (8,080,717 shares in 2023 and 7,541,968 shares in 2022) TreasuryStockCommonValue $219.00M USD Point-in-time
Total shareholders equity StockholdersEquity $942.56M USD Point-in-time
Total shareholders equity StockholdersEquity $954.06M USD Point-in-time
Total shareholders equity StockholdersEquity $951.01M USD Point-in-time
Total shareholders equity StockholdersEquity $1.18B USD Point-in-time
Total shareholders equity StockholdersEquity $1.01B USD Point-in-time
Total shareholders equity StockholdersEquity $973.38M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $12.14B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $11.66B USD Point-in-time
Income Statement 124 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $377.18M USD 3 Qtrs
Loans InterestAndFeeIncomeLoansAndLeases $132.82M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $90.27M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $227.58M USD 3 Qtrs
Securities and other InterestAndDividendIncomeSecurities $38.29M USD 3 Qtrs
Securities and other InterestAndDividendIncomeSecurities $48.58M USD 3 Qtrs
Securities and other InterestAndDividendIncomeSecurities $15.21M USD 1 Quarter
Securities and other InterestAndDividendIncomeSecurities $13.40M USD 1 Quarter
Total interest and dividend income InterestAndDividendIncomeOperating $265.87M USD 3 Qtrs
Total interest and dividend income InterestAndDividendIncomeOperating $103.67M USD 1 Quarter
Total interest and dividend income InterestAndDividendIncomeOperating $425.76M USD 3 Qtrs
Total interest and dividend income InterestAndDividendIncomeOperating $148.02M USD 1 Quarter
Deposits InterestExpenseDeposits $44.01M USD 1 Quarter
Deposits InterestExpenseDeposits $106.06M USD 3 Qtrs
Deposits InterestExpenseDeposits $16.51M USD 3 Qtrs
Deposits InterestExpenseDeposits $8.16M USD 1 Quarter
Borrowings InterestExpenseBorrowings $39.08M USD 3 Qtrs
Borrowings InterestExpenseBorrowings $13.68M USD 1 Quarter
Borrowings InterestExpenseBorrowings $6.86M USD 3 Qtrs
Borrowings InterestExpenseBorrowings $3.42M USD 1 Quarter
Total interest expense InterestExpense $11.59M USD 1 Quarter
Total interest expense InterestExpense $57.69M USD 1 Quarter
Total interest expense InterestExpense $145.14M USD 3 Qtrs
Total interest expense InterestExpense $23.37M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $90.33M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $242.50M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $280.63M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $92.08M USD 1 Quarter
Total fee income FeesAndCommissionsMortgageBankingAndServicing $16.70M USD 1 Quarter
Total fee income FeesAndCommissionsMortgageBankingAndServicing $14.57M USD 1 Quarter
Total fee income FeesAndCommissionsMortgageBankingAndServicing $48.34M USD 3 Qtrs
Total fee income FeesAndCommissionsMortgageBankingAndServicing $49.97M USD 3 Qtrs
Other, net OtherNonoperatingIncomeExpense $7.13M USD 3 Qtrs
Other, net OtherNonoperatingIncomeExpense $1.45M USD 3 Qtrs
Other, net OtherNonoperatingIncomeExpense $1.23M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $2.15M USD 1 Quarter
Fair value adjustments on securities DebtAndEquitySecuritiesUnrealizedGainLoss $-476.00K USD 1 Quarter
Fair value adjustments on securities DebtAndEquitySecuritiesUnrealizedGainLoss $-2.19M USD 3 Qtrs
Fair value adjustments on securities DebtAndEquitySecuritiesUnrealizedGainLoss $-467.00K USD 1 Quarter
Fair value adjustments on securities DebtAndEquitySecuritiesUnrealizedGainLoss $-255.00K USD 3 Qtrs
Total non-interest income NoninterestIncome $16.25M USD 1 Quarter
Total non-interest income NoninterestIncome $53.28M USD 3 Qtrs
Total non-interest income NoninterestIncome $51.16M USD 3 Qtrs
Total non-interest income NoninterestIncome $17.46M USD 1 Quarter
Total net revenue Revenues $107.80M USD 1 Quarter
Total net revenue Revenues $295.79M USD 3 Qtrs
Total net revenue Revenues $108.33M USD 1 Quarter
Total net revenue Revenues $331.79M USD 3 Qtrs
Provision expense/(benefit) for credit losses ProvisionForLoanLossesExpensed $3.00M USD 1 Quarter
Provision expense/(benefit) for credit losses ProvisionForLoanLossesExpensed $-1.00M USD 3 Qtrs
Provision expense/(benefit) for credit losses ProvisionForLoanLossesExpensed $8.00M USD 1 Quarter
Provision expense/(benefit) for credit losses ProvisionForLoanLossesExpensed $25.00M USD 3 Qtrs
Compensation and benefits LaborAndRelatedExpense $114.77M USD 3 Qtrs
Compensation and benefits LaborAndRelatedExpense $40.16M USD 1 Quarter
Compensation and benefits LaborAndRelatedExpense $119.19M USD 3 Qtrs
Compensation and benefits LaborAndRelatedExpense $39.42M USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $28.21M USD 3 Qtrs
Occupancy and equipment OccupancyAndEquipment $8.70M USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $27.16M USD 3 Qtrs
Occupancy and equipment OccupancyAndEquipment $8.82M USD 1 Quarter
Technology and communications CommunicationsAndInformationTechnology $8.72M USD 1 Quarter
Technology and communications CommunicationsAndInformationTechnology $25.86M USD 3 Qtrs
Technology and communications CommunicationsAndInformationTechnology $10.62M USD 1 Quarter
Technology and communications CommunicationsAndInformationTechnology $30.55M USD 3 Qtrs
Marketing and promotion MarketingExpense $1.55M USD 1 Quarter
Marketing and promotion MarketingExpense $1.29M USD 1 Quarter
Marketing and promotion MarketingExpense $3.87M USD 3 Qtrs
Marketing and promotion MarketingExpense $4.27M USD 3 Qtrs
Professional services ProfessionalFees $8.89M USD 3 Qtrs
Professional services ProfessionalFees $8.23M USD 3 Qtrs
Professional services ProfessionalFees $3.29M USD 1 Quarter
Professional services ProfessionalFees $2.42M USD 1 Quarter
FDIC premiums and assessments FederalDepositInsuranceCorporationPremiumExpense $2.12M USD 3 Qtrs
FDIC premiums and assessments FederalDepositInsuranceCorporationPremiumExpense $5.17M USD 3 Qtrs
FDIC premiums and assessments FederalDepositInsuranceCorporationPremiumExpense $1.91M USD 1 Quarter
FDIC premiums and assessments FederalDepositInsuranceCorporationPremiumExpense $476.00K USD 1 Quarter
Other real estate owned and foreclosures OtherRealEstateOwned $36.00K USD 3 Qtrs
Other real estate owned and foreclosures OtherRealEstateOwned - USD 3 Qtrs
Other real estate owned and foreclosures OtherRealEstateOwned - USD 1 Quarter
Other real estate owned and foreclosures OtherRealEstateOwned $13.00K USD 1 Quarter
Amortization of intangible assets AdjustmentForAmortization $1.21M USD 1 Quarter
Amortization of intangible assets AdjustmentForAmortization $3.62M USD 3 Qtrs
Amortization of intangible assets AdjustmentForAmortization $1.28M USD 1 Quarter
Amortization of intangible assets AdjustmentForAmortization $3.86M USD 3 Qtrs
Restructuring and other expenses RestructuringCharges $2.61M USD 1 Quarter
Restructuring and other expenses RestructuringCharges $11.47M USD 1 Quarter
Restructuring and other expenses RestructuringCharges $2.59M USD 3 Qtrs
Restructuring and other expenses RestructuringCharges $11.53M USD 3 Qtrs
Other OtherNoninterestExpense $7.01M USD 1 Quarter
Other OtherNoninterestExpense $19.56M USD 3 Qtrs
Other OtherNoninterestExpense $7.23M USD 1 Quarter
Other OtherNoninterestExpense $21.75M USD 3 Qtrs
Total non-interest expense NoninterestExpense $76.51M USD 1 Quarter
Total non-interest expense NoninterestExpense $81.68M USD 1 Quarter
Total non-interest expense NoninterestExpense $218.70M USD 3 Qtrs
Total non-interest expense NoninterestExpense $222.52M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $23.29M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $84.28M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $78.09M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $23.66M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $16.06M USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $4.94M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.74M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $13.23M USD 3 Qtrs
Net income IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $19.55M USD 1 Quarter
Net income IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $18.72M USD 1 Quarter
Net income IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $62.03M USD 3 Qtrs
Net income IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $71.04M USD 3 Qtrs
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $1.35 USD 3 Qtrs
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $1.64 USD 3 Qtrs
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.42 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.45 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.42 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $1.34 USD 3 Qtrs
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.45 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $1.63 USD 3 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 43.16M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 43.44M shares 3 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 46.06M shares 3 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.70M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 45.03M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 43.35M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 43.64M shares 3 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 46.40M shares 3 Qtrs
Cash Flow Statement 112 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $62.03M USD 3 Qtrs
Net income NetIncomeLoss $18.72M USD 1 Quarter
Net income NetIncomeLoss $71.04M USD 3 Qtrs
Net income NetIncomeLoss $19.55M USD 1 Quarter
Provision/(benefit) for credit losses FinancingReceivableAndDebtSecuritiesHeldToMaturityCreditLossExpenseReversal $-1.00M USD 3 Qtrs
Provision/(benefit) for credit losses FinancingReceivableAndDebtSecuritiesHeldToMaturityCreditLossExpenseReversal $25.00M USD 3 Qtrs
Net (accretion)/amortization of securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-2.29M USD 3 Qtrs
Net (accretion)/amortization of securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-965.00K USD 3 Qtrs
Change in unamortized net loan costs and premiums ChangeInUnamortizedNetLoanCostsAndPremiums $-145.00K USD 3 Qtrs
Change in unamortized net loan costs and premiums ChangeInUnamortizedNetLoanCostsAndPremiums $-2.56M USD 3 Qtrs
Premises and equipment depreciation and amortization expense OtherDepreciationAndAmortization $6.40M USD 3 Qtrs
Premises and equipment depreciation and amortization expense OtherDepreciationAndAmortization $7.26M USD 3 Qtrs
Stock-based compensation expense ShareBasedCompensation $5.66M USD 3 Qtrs
Stock-based compensation expense ShareBasedCompensation $5.52M USD 3 Qtrs
Accretion of purchase accounting entries, net AccretionofPurchaseAccountingEntries $-1.47M USD 3 Qtrs
Accretion of purchase accounting entries, net AccretionofPurchaseAccountingEntries $-503.00K USD 3 Qtrs
Amortization of other intangibles AmortizationOfIntangibleAssets $3.86M USD 3 Qtrs
Amortization of other intangibles AmortizationOfIntangibleAssets $3.62M USD 3 Qtrs
Income from cash surrender value of bank-owned life insurance policies BankOwnedLifeInsuranceIncome $4.14M USD 3 Qtrs
Income from cash surrender value of bank-owned life insurance policies BankOwnedLifeInsuranceIncome $3.91M USD 3 Qtrs
(Gain) on SBA loan sales GainLossOnSalesOfLoansNet $7.95M USD 3 Qtrs
(Gain) on SBA loan sales GainLossOnSalesOfLoansNet $9.52M USD 3 Qtrs
Fair value adjustments on securities DebtAndEquitySecuritiesUnrealizedGainLoss $-476.00K USD 1 Quarter
Fair value adjustments on securities DebtAndEquitySecuritiesUnrealizedGainLoss $-2.19M USD 3 Qtrs
Fair value adjustments on securities DebtAndEquitySecuritiesUnrealizedGainLoss $-467.00K USD 1 Quarter
Fair value adjustments on securities DebtAndEquitySecuritiesUnrealizedGainLoss $-255.00K USD 3 Qtrs
Net change in loans held-for-sale IncreaseDecreaseInLoansHeldForSale $-1.97M USD 3 Qtrs
Net change in loans held-for-sale IncreaseDecreaseInLoansHeldForSale $-4.95M USD 3 Qtrs
Amortization of interest in tax-advantaged projects AmortizationOfTaxCredits $5.96M USD 3 Qtrs
Amortization of interest in tax-advantaged projects AmortizationOfTaxCredits $1.15M USD 3 Qtrs
Net change in other OtherNoncashIncomeExpense $-12.40M USD 3 Qtrs
Net change in other OtherNoncashIncomeExpense $3.80M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $104.71M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $88.23M USD 3 Qtrs
Net decrease in trading security ProceedsFromSaleAndMaturityOfMarketableSecurities $609.00K USD 3 Qtrs
Net decrease in trading security ProceedsFromSaleAndMaturityOfMarketableSecurities $641.00K USD 3 Qtrs
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $44.59M USD 3 Qtrs
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $41.40M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $428.07M USD 3 Qtrs
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $7.80M USD 1 Quarter
Proceeds from sales of securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $149.99M USD 3 Qtrs
Proceeds from sales of securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 1 Quarter
Proceeds from sales of securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 1 Quarter
Proceeds from sales of securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 3 Qtrs
Proceeds from maturities, calls, and prepayments of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $440.02M USD 3 Qtrs
Proceeds from maturities, calls, and prepayments of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $166.55M USD 3 Qtrs
Purchases of securities held to maturity PaymentsToAcquireHeldToMaturitySecurities $807.00K USD 3 Qtrs
Purchases of securities held to maturity PaymentsToAcquireHeldToMaturitySecurities $700.00K USD 3 Qtrs
Proceeds from maturities, calls, and prepayments of securities held to maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $43.38M USD 3 Qtrs
Proceeds from maturities, calls, and prepayments of securities held to maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $29.85M USD 3 Qtrs
Net change in loans PaymentsForProceedsFromLoansAndLeases $1.13B USD 3 Qtrs
Net change in loans PaymentsForProceedsFromLoansAndLeases $658.82M USD 3 Qtrs
Proceeds from surrender of bank-owned life insurance ProceedsFromLifeInsurancePolicies $1.78M USD 3 Qtrs
Proceeds from surrender of bank-owned life insurance ProceedsFromLifeInsurancePolicies $657.00K USD 3 Qtrs
Purchase of Federal Home Loan Bank stock PaymentsToAcquireFederalReserveStock $449.34M USD 3 Qtrs
Purchase of Federal Home Loan Bank stock PaymentsToAcquireFederalReserveStock $66.49M USD 3 Qtrs
Proceeds from redemption of Federal Home Loan Bank stock ProceedsFromSaleOfFederalReserveStock $70.02M USD 3 Qtrs
Proceeds from redemption of Federal Home Loan Bank stock ProceedsFromSaleOfFederalReserveStock $417.64M USD 3 Qtrs
Net investment in limited partnership tax credits PaymentsToAcquiredInvestmentsILimitedPartnershipTaxCredits - USD 3 Qtrs
Net investment in limited partnership tax credits PaymentsToAcquiredInvestmentsILimitedPartnershipTaxCredits $1.44M USD 3 Qtrs
Purchase of premises and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $753.00K USD 3 Qtrs
Purchase of premises and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $730.00K USD 3 Qtrs
Net cash (used) by investing activities NetCashProvidedByUsedInInvestingActivities $-538.85M USD 3 Qtrs
Net cash (used) by investing activities NetCashProvidedByUsedInInvestingActivities $-922.47M USD 3 Qtrs
Net (decrease)/increase in deposits IncreaseDecreaseInDeposits $-80.83M USD 3 Qtrs
Net (decrease)/increase in deposits IncreaseDecreaseInDeposits $-346.73M USD 3 Qtrs
Proceeds from Federal Home Loan Bank advances and other borrowings ProceedsFromFederalHomeLoanBankBorrowings $10.01B USD 3 Qtrs
Proceeds from Federal Home Loan Bank advances and other borrowings ProceedsFromFederalHomeLoanBankBorrowings $51.27M USD 3 Qtrs
Repayments of Federal Home Loan Bank advances and other borrowings RepaymentsOfFederalHomeLoanBankBorrowings $9.21B USD 3 Qtrs
Repayments of Federal Home Loan Bank advances and other borrowings RepaymentsOfFederalHomeLoanBankBorrowings $60.15M USD 3 Qtrs
Proceeds from issuance of subordinated debt ProceedsFromIssuanceOfSubordinatedLongTermDebt $98.03M USD 3 Qtrs
Proceeds from issuance of subordinated debt ProceedsFromIssuanceOfSubordinatedLongTermDebt - USD 3 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $17.15M USD 3 Qtrs
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $104.54M USD 3 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised - USD 3 Qtrs
Exercise of stock options ProceedsFromStockOptionsExercised $269.00K USD 3 Qtrs
Common stock cash dividends paid PaymentsOfDividendsCommonStock $16.41M USD 3 Qtrs
Common stock cash dividends paid PaymentsOfDividendsCommonStock $23.86M USD 3 Qtrs
Settlement of derivative contracts with financial institution counterparties SettlementofDerivativeContractswithInstitutionalCounterparties $-88.70M USD 3 Qtrs
Settlement of derivative contracts with financial institution counterparties SettlementofDerivativeContractswithInstitutionalCounterparties $-145.00K USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $412.26M USD 3 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $-98.65M USD 3 Qtrs
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-21.89M USD 3 Qtrs
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-932.89M USD 3 Qtrs
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $685.36M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.63B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $663.47M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $694.91M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $685.36M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $1.63B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $663.47M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $694.91M USD Point-in-time
Interest paid on deposits InterestPaidOnDeposits $98.43M USD 3 Qtrs
Interest paid on deposits InterestPaidOnDeposits $16.29M USD 3 Qtrs
Interest paid on borrowed funds InterestPaidNet $7.02M USD 3 Qtrs
Interest paid on borrowed funds InterestPaidNet $36.16M USD 3 Qtrs
Income taxes paid, net IncomeTaxesPaidNet $15.24M USD 3 Qtrs
Income taxes paid, net IncomeTaxesPaidNet $7.74M USD 3 Qtrs
Other net comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-37.33M USD 3 Qtrs
Other net comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-65.50M USD 1 Quarter
Other net comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-32.15M USD 1 Quarter
Other net comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-185.25M USD 3 Qtrs
Impact to retained earnings from adoption of ASU 2022-02 StockholdersEquity $942.56M USD Point-in-time
Impact to retained earnings from adoption of ASU 2022-02 StockholdersEquity $954.06M USD Point-in-time
Impact to retained earnings from adoption of ASU 2022-02 StockholdersEquity $951.01M USD Point-in-time
Impact to retained earnings from adoption of ASU 2022-02 StockholdersEquity $1.18B USD Point-in-time
Impact to retained earnings from adoption of ASU 2022-02 StockholdersEquity $1.01B USD Point-in-time
Impact to retained earnings from adoption of ASU 2022-02 StockholdersEquity $973.38M USD Point-in-time
Properties transferred to held for sale TransferOfPortfolioLoansAndLeasesToHeldForSale1 $8.71M USD 3 Qtrs
Properties transferred to held for sale TransferOfPortfolioLoansAndLeasesToHeldForSale1 $3.57M USD 3 Qtrs
Reclassification of held-for-sale loans to held-for-investment, net TransferOfLoansHeldForSaleToPortfolioLoans1 $606.00K USD 3 Qtrs
Reclassification of held-for-sale loans to held-for-investment, net TransferOfLoansHeldForSaleToPortfolioLoans1 - USD 3 Qtrs
Stockholders Equity 60 line items
Line Item Tag Value Unit Period
Cash dividends, declared on common stock (in dollars per share) CommonStockDividendsPerShareDeclared $0.54 USD 3 Qtrs
Cash dividends, declared on common stock (in dollars per share) CommonStockDividendsPerShareDeclared $0.36 USD 3 Qtrs
Cash dividends, declared on common stock (in dollars per share) CommonStockDividendsPerShareDeclared $0.18 USD 1 Quarter
Cash dividends, declared on common stock (in dollars per share) CommonStockDividendsPerShareDeclared $0.12 USD 1 Quarter
Balance at beginning of period (in shares) CommonStockSharesOutstanding 43.82M shares Point-in-time
Balance at beginning of period (in shares) CommonStockSharesOutstanding 44.36M shares Point-in-time
Balance at Beginning of Period StockholdersEquity $942.56M USD Point-in-time
Balance at Beginning of Period StockholdersEquity $954.06M USD Point-in-time
Balance at Beginning of Period StockholdersEquity $951.01M USD Point-in-time
Balance at Beginning of Period StockholdersEquity $1.18B USD Point-in-time
Balance at Beginning of Period StockholdersEquity $1.01B USD Point-in-time
Balance at Beginning of Period StockholdersEquity $973.38M USD Point-in-time
Net income NetIncomeLoss $62.03M USD 3 Qtrs
Net income NetIncomeLoss $18.72M USD 1 Quarter
Net income NetIncomeLoss $71.04M USD 3 Qtrs
Net income NetIncomeLoss $19.55M USD 1 Quarter
Other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-37.33M USD 3 Qtrs
Other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-65.50M USD 1 Quarter
Other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-32.15M USD 1 Quarter
Other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-185.25M USD 3 Qtrs
Total comprehensive (loss)/income ComprehensiveIncomeNetOfTax $-123.22M USD 3 Qtrs
Total comprehensive (loss)/income ComprehensiveIncomeNetOfTax $33.71M USD 3 Qtrs
Total comprehensive (loss)/income ComprehensiveIncomeNetOfTax $-46.78M USD 1 Quarter
Total comprehensive (loss)/income ComprehensiveIncomeNetOfTax $-12.60M USD 1 Quarter
Cash dividends declared on common shares DividendsCommonStockCash $23.86M USD 3 Qtrs
Cash dividends declared on common shares DividendsCommonStockCash $7.90M USD 1 Quarter
Cash dividends declared on common shares DividendsCommonStockCash $5.49M USD 1 Quarter
Cash dividends declared on common shares DividendsCommonStockCash $16.41M USD 3 Qtrs
Treasury shares repurchased TreasuryStockValueAcquiredCostMethod $104.54M USD 3 Qtrs
Treasury shares repurchased TreasuryStockValueAcquiredCostMethod $20.25M USD 1 Quarter
Treasury shares repurchased TreasuryStockValueAcquiredCostMethod $17.15M USD 3 Qtrs
Treasury shares repurchased TreasuryStockValueAcquiredCostMethod $3.58M USD 1 Quarter
Forfeited shares StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures $1.00K USD 3 Qtrs
Forfeited shares StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures - USD 1 Quarter
Forfeited shares StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures - USD 3 Qtrs
Forfeited shares StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures - USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised - USD 3 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $245.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised - USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $269.00K USD 3 Qtrs
Restricted stock grants StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Restricted stock grants StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Restricted stock grants StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 3 Qtrs
Restricted stock grants StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 3 Qtrs
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.73M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.66M USD 3 Qtrs
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.52M USD 3 Qtrs
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.07M USD 1 Quarter
Other, net StockholdersEquityOther $1.62M USD 3 Qtrs
Other, net StockholdersEquityOther $946.00K USD 1 Quarter
Other, net StockholdersEquityOther $1.68M USD 3 Qtrs
Other, net StockholdersEquityOther $358.00K USD 1 Quarter
Balance at end of period (in shares) CommonStockSharesOutstanding 43.82M shares Point-in-time
Balance at end of period (in shares) CommonStockSharesOutstanding 44.36M shares Point-in-time
Balance at End of Period StockholdersEquity $942.56M USD Point-in-time
Balance at End of Period StockholdersEquity $954.06M USD Point-in-time
Balance at End of Period StockholdersEquity $951.01M USD Point-in-time
Balance at End of Period StockholdersEquity $1.18B USD Point-in-time
Balance at End of Period StockholdersEquity $1.01B USD Point-in-time
Balance at End of Period StockholdersEquity $973.38M USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $62.03M USD 3 Qtrs
Net income NetIncomeLoss $18.72M USD 1 Quarter
Net income NetIncomeLoss $71.04M USD 3 Qtrs
Net income NetIncomeLoss $19.55M USD 1 Quarter
Changes in unrealized (loss) on debt securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-41.40M USD 3 Qtrs
Changes in unrealized (loss) on debt securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-40.52M USD 1 Quarter
Changes in unrealized (loss) on debt securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-83.07M USD 1 Quarter
Changes in unrealized (loss) on debt securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-244.93M USD 3 Qtrs
Changes in unrealized (loss) on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax $-9.07M USD 3 Qtrs
Changes in unrealized (loss) on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax $-2.96M USD 1 Quarter
Changes in unrealized (loss) on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax $-5.55M USD 3 Qtrs
Changes in unrealized (loss) on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax $-5.55M USD 1 Quarter
Changes in unrealized (loss) on debt securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-63.74M USD 3 Qtrs
Changes in unrealized (loss) on debt securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-10.70M USD 3 Qtrs
Changes in unrealized (loss) on debt securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-10.54M USD 1 Quarter
Changes in unrealized (loss) on debt securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-21.64M USD 1 Quarter
Changes in unrealized (loss) on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax $-1.49M USD 1 Quarter
Changes in unrealized (loss) on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax $-2.44M USD 3 Qtrs
Changes in unrealized (loss) on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax $-794.00K USD 1 Quarter
Changes in unrealized (loss) on derivative hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax $-1.49M USD 3 Qtrs
Total other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-37.33M USD 3 Qtrs
Total other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-65.50M USD 1 Quarter
Total other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-32.15M USD 1 Quarter
Total other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-185.25M USD 3 Qtrs
Total comprehensive (loss)/income ComprehensiveIncomeNetOfTax $-123.22M USD 3 Qtrs
Total comprehensive (loss)/income ComprehensiveIncomeNetOfTax $33.71M USD 3 Qtrs
Total comprehensive (loss)/income ComprehensiveIncomeNetOfTax $-46.78M USD 1 Quarter
Total comprehensive (loss)/income ComprehensiveIncomeNetOfTax $-12.60M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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