ファーストハワイアンの適時開示・決算・その他

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 24, 2026

FIRST HAWAIIAN, INC.

(Exact Name of Registrant as Specified in Its Charter)


Delaware
(State or Other Jurisdiction of Incorporation)


001-14585		99-0156159
(Commission File Number)		(IRS Employer Identification No.)


999 Bishop St., 29th Floor
Honolulu, Hawaii		96813
(Address of Principal Executive Offices)		(Zip Code)

(808) 525-7000

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:	Trading Symbol(s)	Name of each exchange on which registered:
Common Stock, par value $0.01 per share	FHB	NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 24, 2026, First Hawaiian, Inc. (together with its consolidated subsidiary, “First Hawaiian”) reported its earnings for the quarter ended June 30, 2026. A copy of First Hawaiian’s press release containing this information is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

All information provided in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of First Hawaiian under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits


Exhibit No.		Description

99.1		Press release of First Hawaiian, Inc. dated July 24, 2026 containing financial information for its quarter ended June 30, 2026.

104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Pril
	FIRST HAWAIIAN, INC.

Date: July 24, 2026	By:	/s/ Robert S. Harrison
		Robert S. Harrison
		Chairman of the Board, President and Chief Executive Officer
		(Principal Executive Officer)

EX-99.1 2 fhb-20260724xex99d1.htm EX-99.1

EXHIBIT 99.1

For Immediate Release

First Hawaiian, Inc. Reports Second Quarter 2026 Financial Results and Declares Dividend

HONOLULU, Hawaii July 24, 2026--(Globe Newswire)--First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended June 30, 2026.

"The second quarter was another strong quarter, reflecting the strength of our business model, the disciplined execution by our team and the trust our customers place in us," said Bob Harrison, Chairman, President and Chief Executive Officer. "The announced acquisition of Tri Counties Bank builds on that momentum, bringing together two strong banks with shared values and complementary strengths to better serve our customers and communities while creating long-term value for our shareholders."

On July 22, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on August 28, 2026, to stockholders of record at the close of business on August 17, 2026.

Second Quarter 2026 Highlights:

●

Net income of $73.4 million, or $0.60 per diluted share

●

Total loans and leases increased $136.5 million versus prior quarter

●

Total deposits decreased $623.2 million versus prior quarter

●

Net interest margin increased 6 basis points to 3.25%

●

Recorded a $5.6 million provision for credit losses

●

Board of Directors declared a quarterly dividend of $0.26 per share

Balance Sheet

Total assets were $23.6 billion at June 30, 2026 versus $24.3 billion at March 31, 2026.

Gross loans and leases were $14.6 billion as of June 30, 2026, an increase of $136.5 million from $14.4 billion as of March 31, 2026.

Total deposits were $20.2 billion as of June 30, 2026, a decrease of $623.2 million from $20.8 billion as of March 31, 2026.

Net Interest Income

Net interest income for the second quarter of 2026 was $171.0 million, an increase of $3.5 million compared to $167.5 million for the prior quarter.

The net interest margin was 3.25% in the second quarter of 2026, 6 basis points higher than the prior quarter’s margin of 3.19%.

Provision Expense

During the quarter ended June 30, 2026, we recorded a $5.6 million provision for credit losses. In the quarter ended March 31, 2026, we recorded a $5.0 million provision for credit losses.

Noninterest Income

Noninterest income was $60.3 million in the second quarter of 2026, $7.5 million higher compared to noninterest income of $52.8 million in the prior quarter.

Noninterest Expense

Noninterest expense was $130.4 million in the second quarter of 2026, $2.6 million higher compared to noninterest expense of $127.9 million in the prior quarter.

The efficiency ratio was 56.2% and 57.8% for the quarters ended June 30, 2026 and March 31, 2026, respectively.

Taxes

The effective tax rate was 22.9% and 22.5% for the quarters ended June 30, 2026 and March 31, 2026, respectively.

Asset Quality

The allowance for credit losses was $168.1 million, or 1.15% of total loans and leases, as of June 30, 2026, compared to $169.3 million, or 1.17% of total loans and leases, as of March 31, 2026. The reserve for unfunded commitments was $37.7 million as of June 30, 2026 and $34.9 million as of March 31, 2026. Net charge-offs were $4.1 million, or 0.11% of average loans and leases on an annualized basis, for the quarter ended June 30, 2026, compared to net charge-offs of $4.9 million, or 0.14% of average loans and leases on an annualized basis, for the quarter ended March 31, 2026. Total non-performing assets were $39.5 million, or 0.27% of total loans and leases and other real estate owned, on June 30, 2026, compared to total non-performing assets of $39.7 million, or 0.27% of total loans and leases and other real estate owned, on March 31, 2026.

Capital

Total stockholders' equity was $2.8 billion at June 30, 2026 and March 31, 2026.

The tier 1 leverage, common equity tier 1 and total capital ratios were 9.46%, 13.27% and 14.52%, respectively, on June 30, 2026, compared with 9.21%, 13.12% and 14.37%, respectively, on March 31, 2026.

The Company did not repurchase any shares in the second quarter.

First Hawaiian, Inc.

First Hawaiian, Inc. (NASDAQ:FHB) is a bank holding company headquartered in Honolulu, Hawaii. Its principal subsidiary, First Hawaiian Bank, founded in 1858 under the name Bishop & Company, is Hawaii’s oldest and largest financial institution with branch locations throughout Hawaii, Guam and Saipan. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. Customers may also access their accounts through ATMs, online and mobile banking channels. For more information about First Hawaiian, Inc., visit the Company’s website, www.fhb.com.

Conference Call Information

First Hawaiian will host a conference call to discuss the Company’s results today at 1:00 p.m. Eastern Time, 7:00 a.m. Hawaii Time.

To access the call by phone, please register via the following link:

https://register-conf.media-server.com/register/BIb8e318d9b8d24417b3d7d113fcf80dbc, and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.

A live webcast of the conference call, including a slide presentation, will be available at the following link: www.fhb.com/earnings. The archive of the webcast will be available at the same location.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as “may”, “might”, “should”, “could”, “predict”, “potential”, “believe”, “expect”, “continue”, “will”, “anticipate”, “seek”, “estimate”, “intend”, “plan”, “projection”, “would”, “annualized” and “outlook”, or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, there can be no assurance that actual results will not prove to be materially different from the results expressed or implied by the forward-looking statements. A number of important factors could cause actual results or performance to differ materially from the forward-looking statements, including (without limitation) the risks and uncertainties associated with the domestic and global economic environment and capital market conditions and other risk factors. For a discussion of some of these risks and important factors that could affect our future results and financial condition, see our U.S. Securities and Exchange Commission (“SEC”) filings, including, but not limited to, our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.

Use of Non-GAAP Financial Measures

Return on average tangible assets, return on average tangible stockholders’ equity, tangible book value per share and tangible stockholders’ equity to tangible assets are non-GAAP financial measures. We believe that these measurements are useful for investors, regulators, management and others to evaluate financial performance and capital adequacy relative to other financial institutions. Although these non-GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of our results or financial condition as reported under GAAP. Investors should consider our performance and capital adequacy as reported under GAAP and all other relevant information when assessing our performance and capital adequacy.

Table 14 at the end of this document provides a reconciliation of these non-GAAP financial measures with their most directly comparable GAAP measures.


Investor Relations Contact:	Media Contact:
Kevin Haseyama, CFA	Bill Weeshoff
(808) 525-6268	(808) 525-6229
khaseyama@fhb.com	bweeshoff@fhb.com


Financial Highlights	Table 1
	For the Three Months Ended									For the Six Months Ended
	June 30,			March 31,			June 30,			June 30,
(dollars in thousands, except per share data)	2026			2026			2025			2026			2025
Operating Results:
Net interest income	$	170,993		$	167,530		$	163,583		$	338,523		$	324,109
Provision for credit losses		5,600			5,000			4,500			10,600			15,000
Noninterest income		60,281			52,819			53,958			113,100			104,435
Noninterest expense		130,445			127,885			124,939			258,330			248,499
Net income		73,375			67,784			73,247			141,159			132,495
Basic earnings per share		0.60			0.55			0.58			1.16			1.05
Diluted earnings per share		0.60			0.55			0.58			1.15			1.05
Dividends declared per share		0.26			0.26			0.26			0.52			0.52
Dividend payout ratio		43.33	%		47.27	%		44.83	%		45.22	%		49.52	%
Performance Ratios⁽¹⁾:
Net interest margin		3.25	%		3.19	%		3.11	%		3.22	%		3.10	%
Efficiency ratio		56.17	%		57.77	%		57.23	%		56.95	%		57.71	%
Return on average total assets		1.23	%		1.14	%		1.23	%		1.19	%		1.12	%
Return on average tangible assets (non-GAAP)⁽²⁾		1.28	%		1.19	%		1.28	%		1.24	%		1.17	%
Return on average total stockholders' equity		10.52	%		9.86	%		11.03	%		10.19	%		10.07	%
Return on average tangible stockholders' equity (non-GAAP)⁽²⁾		16.34	%		15.33	%		17.61	%		15.84	%		16.12	%
Average Balances:
Average loans and leases	$	14,488,213		$	14,289,418		$	14,288,918		$	14,389,365		$	14,299,400
Average earning assets		21,192,973			21,332,641			21,167,588			21,262,421			21,168,386
Average assets		23,954,425			24,083,280			23,859,410			24,018,496			23,874,849
Average deposits		20,483,307			20,623,573			20,280,042			20,553,052			20,316,836
Average stockholders' equity		2,796,857			2,788,826			2,663,850			2,792,863			2,652,975
Market Value Per Share:
Closing		29.30			24.64			24.96			29.30			24.96
High		29.63			28.35			25.09			29.63			28.28
Low		24.50			23.26			20.32			23.26			20.32


	As of			As of			As of			As of
	June 30,			March 31,			December 31,			June 30,
(dollars in thousands, except per share data)	2026			2026			2025			2025
Balance Sheet Data:
Loans and leases	$	14,577,299		$	14,440,835		$	14,312,529		$	14,351,869
Total assets		23,646,049			24,264,548			23,955,252			23,837,147
Total deposits		20,154,181			20,777,353			20,515,668			20,231,419
Short-term borrowings		—			—			—			250,000
Total stockholders' equity		2,826,028			2,767,760			2,769,365			2,694,545

Per Share of Common Stock:
Book value	$	23.22		$	22.75		$	22.57		$	21.61
Tangible book value (non-GAAP)⁽²⁾		15.04			14.57			14.46			13.63

Asset Quality Ratios:
Non-accrual loans and leases / total loans and leases		0.27	%		0.27	%		0.29	%		0.20	%
Allowance for credit losses for loans and leases / total loans and leases		1.15	%		1.17	%		1.18	%		1.17	%

Capital Ratios:
Common Equity Tier 1 Capital Ratio		13.27	%		13.12	%		13.17	%		13.03	%
Tier 1 Capital Ratio		13.27	%		13.12	%		13.17	%		13.03	%
Total Capital Ratio		14.52	%		14.37	%		14.42	%		14.28	%
Tier 1 Leverage Ratio		9.46	%		9.21	%		9.27	%		9.12	%
Total stockholders' equity to total assets		11.95	%		11.41	%		11.56	%		11.30	%
Tangible stockholders' equity to tangible assets (non-GAAP)⁽²⁾		8.08	%		7.62	%		7.73	%		7.44	%

Non-Financial Data:
Number of branches		49			49			49			48
Number of ATMs		274			273			273			274
Number of Full-Time Equivalent Employees		1,995			1,986			1,997			2,006

(1)	Except for the efficiency ratio, amounts are annualized for the three and six months ended June 30, 2026 and 2025 and three months ended March 31, 2026.

(2)

Return on average tangible assets, return on average tangible stockholders’ equity, tangible book value per share and tangible stockholders’ equity to tangible assets are non-GAAP financial measures. We compute our return on average tangible assets as the ratio of net income to average tangible assets, which is calculated by subtracting (and thereby effectively excluding) amounts related to the effect of goodwill from our average total assets. We compute our return on average tangible stockholders’ equity as the ratio of net income to average tangible stockholders’ equity, which is calculated by subtracting (and thereby effectively excluding) amounts related to the effect of goodwill from our average total stockholders’ equity. We compute our tangible book value per share as the ratio of tangible stockholders’ equity to outstanding shares. Tangible stockholders’ equity is calculated by subtracting (and thereby effectively excluding) amounts related to the effect of goodwill from our total stockholders’ equity. We compute our tangible stockholders’ equity to tangible assets as the ratio of tangible stockholders’ equity to tangible assets, each of which we calculate by subtracting (and thereby effectively excluding) the value of our goodwill. For a reconciliation to the most directly comparable GAAP financial measure, see Table 14, GAAP to Non-GAAP Reconciliation.


Consolidated Statements of Income	Table 2
	For the Three Months Ended						For the Six Months Ended
	June 30,		March 31,		June 30,		June 30,
(dollars in thousands, except per share amounts)	2026		2026		2025		2026		2025
Interest income
Loans and lease financing	$	190,727	$	186,389	$	193,393	$	377,116	$	385,495
Available-for-sale investment securities		15,867		14,884		12,469		30,751		25,619
Held-to-maturity investment securities		15,121		15,063		16,299		30,184		32,946
Other		10,652		13,362		14,578		24,014		27,829
Total interest income		232,367		229,698		236,739		462,065		471,889
Interest expense
Deposits		61,220		62,064		70,289		123,284		141,998
Short-term borrowings		—		—		2,627		—		5,226
Other		154		104		240		258		556
Total interest expense		61,374		62,168		73,156		123,542		147,780
Net interest income		170,993		167,530		163,583		338,523		324,109
Provision for credit losses		5,600		5,000		4,500		10,600		15,000
Net interest income after provision for credit losses		165,393		162,530		159,083		327,923		309,109
Noninterest income
Service charges on deposit accounts		8,316		8,156		7,830		16,472		15,365
Credit and debit card fees		15,402		15,083		15,913		30,485		30,387
Other service charges and fees		14,409		13,784		13,350		28,193		25,517
Trust and investment services income		9,074		9,146		9,154		18,220		18,524
Bank-owned life insurance		7,069		4,091		4,724		11,160		9,095
Investment securities gains, net		—		—		—		—		37
Other		6,011		2,559		2,987		8,570		5,510
Total noninterest income		60,281		52,819		53,958		113,100		104,435
Noninterest expense
Salaries and employee benefits		62,376		64,090		59,501		126,466		119,605
Contracted services and professional fees		18,402		13,964		15,997		32,366		30,836
Occupancy		7,902		7,816		7,934		15,718		16,034
Equipment		14,563		14,781		14,037		29,344		27,908
Regulatory assessment and fees		3,417		3,248		3,759		6,665		7,582
Advertising and marketing		2,178		2,252		2,035		4,430		4,214
Card rewards program		8,403		8,404		8,406		16,807		16,325
Other		13,204		13,330		13,270		26,534		25,995
Total noninterest expense		130,445		127,885		124,939		258,330		248,499
Income before provision for income taxes		95,229		87,464		88,102		182,693		165,045
Provision for income taxes		21,854		19,680		14,855		41,534		32,550
Net income	$	73,375	$	67,784	$	73,247	$	141,159	$	132,495
Basic earnings per share	$	0.60	$	0.55	$	0.58	$	1.16	$	1.05
Diluted earnings per share	$	0.60	$	0.55	$	0.58	$	1.15	$	1.05
Basic weighted-average outstanding shares		121,669,238		122,457,604		125,321,837		122,061,243		125,799,060
Diluted weighted-average outstanding shares		122,339,836		123,345,708		125,833,064		122,830,138		126,493,569


Consolidated Balance Sheets	Table 3
	June 30,		March 31,		December 31,		June 30,
(dollars in thousands, except share amount)	2026		2026		2025		2025
Assets
Cash and due from banks	$	263,762	$	225,727	$	228,734	$	304,624
Interest-bearing deposits in other banks		748,734		1,493,421		1,249,018		1,094,411
Investment securities:
Available-for-sale, at fair value (amortized cost: $2,275,837 as of June 30, 2026, $2,270,792 as of March 31, 2026, $2,246,716 as of December 31, 2025 and $2,097,906 as of June 30, 2025)		2,094,699		2,080,004		2,076,233		1,891,654
Held-to-maturity, at amortized cost (fair value: $3,035,475 as of June 30, 2026, $3,074,133 as of March 31, 2026, $3,188,775 as of December 31, 2025 and $3,230,698 as of June 30, 2025)		3,411,684		3,480,022		3,533,082		3,658,814
Loans held for sale		—		—		1,370		—
Loans and leases		14,577,299		14,440,835		14,312,529		14,351,869
Less: allowance for credit losses		168,056		169,318		168,468		167,825
Net loans and leases		14,409,243		14,271,517		14,144,061		14,184,044

Premises and equipment, net		304,025		302,807		303,496		299,149
Accrued interest receivable		76,622		77,286		77,641		77,943
Bank-owned life insurance		521,137		514,069		513,182		502,419
Goodwill		995,492		995,492		995,492		995,492
Mortgage servicing rights		4,302		4,470		4,638		4,828
Other assets		816,349		819,733		828,305		823,769
Total assets	$	23,646,049	$	24,264,548	$	23,955,252	$	23,837,147
Liabilities and Stockholders' Equity
Deposits:
Interest-bearing	$	13,706,392	$	14,257,290	$	13,968,376	$	13,386,987
Noninterest-bearing		6,447,789		6,520,063		6,547,292		6,844,432
Total deposits		20,154,181		20,777,353		20,515,668		20,231,419
Short-term borrowings		—		—		—		250,000
Retirement benefits payable		97,409		98,220		99,052		95,357
Other liabilities		568,431		621,215		571,167		565,826
Total liabilities		20,820,021		21,496,788		21,185,887		21,142,602

Stockholders' equity
Common stock ($0.01 par value; authorized 300,000,000 shares; issued/outstanding: 142,661,019 / 121,680,634 shares as of June 30, 2026, issued/outstanding: 142,627,813 / 121,648,973 shares as of March 31, 2026, issued/outstanding: 142,184,584 / 122,689,256 shares as of December 31, 2025 and issued/outstanding: 142,173,027 / 124,683,544 shares as of June 30, 2025)		1,427		1,426		1,422		1,422
Additional paid-in capital		2,584,578		2,580,501		2,576,540		2,567,936
Retained earnings		1,156,028		1,114,759		1,078,885		1,000,997
Accumulated other comprehensive loss, net		(359,793)		(372,747)		(368,140)		(407,008)
Treasury stock (20,980,385 shares as of June 30, 2026, 20,978,840 shares as of March 31, 2026, 19,495,328 shares as of December 31, 2025 and 17,489,483 shares as of June 30, 2025)		(556,212)		(556,179)		(519,342)		(468,802)
Total stockholders' equity		2,826,028		2,767,760		2,769,365		2,694,545
Total liabilities and stockholders' equity	$	23,646,049	$	24,264,548	$	23,955,252	$	23,837,147


Average Balances and Interest Rates																	Table 4
	Three Months Ended						Three Months Ended						Three Months Ended
	June 30, 2026						March 31, 2026						June 30, 2025
	Average		Income/		Yield/		Average		Income/		Yield/		Average		Income/		Yield/
(dollars in millions)	Balance		Expense		Rate		Balance		Expense		Rate		Balance		Expense		Rate
Earning Assets
Interest-Bearing Deposits in Other Banks	$	1,142.4	$	10.5	3.68	%	$	1,455.0	$	13.2	3.68	%	$	1,276.8	$	14.1	4.45	%
Available-for-Sale Investment Securities
Taxable		2,081.7		15.8	3.05			2,050.7		14.9	2.91			1,869.3		12.5	2.67
Non-Taxable		0.4		—	4.42			0.8		—	4.86			1.3		—	5.27
Held-to-Maturity Investment Securities
Taxable		2,860.7		12.1	1.69			2,916.5		12.0	1.64			3,099.9		13.2	1.70
Non-Taxable		590.3		3.3	2.23			592.6		3.5	2.39			596.5		3.3	2.21
Total Investment Securities		5,533.1		31.2	2.26			5,560.6		30.4	2.19			5,567.0		29.0	2.08
Loans Held for Sale		0.6		—	5.68			0.9		—	5.87			0.3		—	6.86
Loans and Leases⁽¹⁾
Commercial and industrial		2,275.4		32.3	5.69			2,170.6		30.8	5.75			2,291.5		35.2	6.16
Commercial real estate		4,736.0		67.6	5.73			4,608.4		65.0	5.72			4,392.5		66.9	6.11
Construction		770.2		12.4	6.48			775.5		12.4	6.48			900.4		14.9	6.66
Residential:
Residential mortgage		4,038.8		40.9	4.05			4,081.8		41.0	4.02			4,104.1		40.2	3.92
Home equity line		1,181.8		14.2	4.82			1,175.4		13.7	4.71			1,154.4		13.4	4.64
Consumer		1,044.1		20.1	7.74			1,034.5		20.0	7.84			1,013.9		19.2	7.58
Lease financing		441.9		3.9	3.51			443.2		4.1	3.75			432.1		4.2	3.90
Total Loans and Leases		14,488.2		191.4	5.30			14,289.4		187.0	5.29			14,288.9		194.0	5.44
Other Earning Assets		28.7		0.2	2.36			26.7		0.1	2.52			34.6		0.4	4.94
Total Earning Assets⁽²⁾		21,193.0		233.3	4.41			21,332.6		230.7	4.37			21,167.6		237.5	4.50
Cash and Due from Banks		239.1						226.4						222.3
Other Assets		2,522.3						2,524.3						2,469.5
Total Assets	$	23,954.4					$	24,083.3					$	23,859.4

Interest-Bearing Liabilities
Interest-Bearing Deposits
Savings	$	6,407.4	$	19.6	1.23	%	$	6,404.5	$	18.9	1.20	%	$	6,247.5	$	21.0	1.35	%
Money Market		4,321.3		19.5	1.81			4,358.9		19.8	1.84			3,822.1		22.8	2.39
Time		3,275.3		22.1	2.71			3,381.3		23.4	2.80			3,389.4		26.5	3.14
Total Interest-Bearing Deposits		14,004.0		61.2	1.75			14,144.7		62.1	1.78			13,459.0		70.3	2.09
Other Short-Term Borrowings		—		—	—			—		—	—			250.0		2.6	4.22
Other Interest-Bearing Liabilities		19.5		0.2	3.16			12.5		0.1	3.40			20.8		0.2	4.62
Total Interest-Bearing Liabilities		14,023.5		61.4	1.76			14,157.2		62.2	1.78			13,729.8		73.1	2.14
Net Interest Income			$	171.9					$	168.5					$	164.4
Interest Rate Spread⁽³⁾					2.65	%					2.59	%					2.36	%
Net Interest Margin⁽⁴⁾					3.25	%					3.19	%					3.11	%
Noninterest-Bearing Demand Deposits		6,479.3						6,478.9						6,821.0
Other Liabilities		654.7						658.4						644.7
Stockholders' Equity		2,796.9						2,788.8						2,663.9
Total Liabilities and Stockholders' Equity	$	23,954.4					$	24,083.3					$	23,859.4

(1)	Non-performing loans and leases are included in the respective average loan and lease balances. Income, if any, on such loans and leases is recognized on a cash basis.

(2)	Interest income includes taxable-equivalent basis adjustments of $0.9 million, $1.0 million and $0.8 million for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively.

(3)	Interest rate spread is the difference between the average yield on earning assets and the average rate paid on interest-bearing liabilities, on a fully taxable-equivalent basis.

(4)	Net interest margin is net interest income annualized for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, on a fully taxable-equivalent basis, divided by average total earning assets.


Average Balances and Interest Rates											Table 5
	Six Months Ended						Six Months Ended
	June 30, 2026						June 30, 2025
	Average		Income/		Yield/		Average		Income/		Yield/
(dollars in millions)	Balance		Expense		Rate		Balance		Expense		Rate
Earning Assets
Interest-Bearing Deposits in Other Banks	$	1,297.9	$	23.7	3.68	%	$	1,224.3	$	27.0	4.44	%
Available-for-Sale Investment Securities
Taxable		2,066.3		30.7	2.98			1,880.3		25.6	2.73
Non-Taxable		0.6		—	4.71			1.3		—	5.38
Held-to-Maturity Investment Securities
Taxable		2,888.4		24.1	1.67			3,131.8		26.8	1.71
Non-Taxable		591.4		6.8	2.31			597.7		7.0	2.36
Total Investment Securities		5,546.7		61.6	2.22			5,611.1		59.4	2.12
Loans Held for Sale		0.8		—	5.79			0.3		—	6.54
Loans and Leases⁽¹⁾
Commercial and industrial		2,223.3		63.1	5.72			2,244.4		68.8	6.18
Commercial real estate		4,672.5		132.7	5.73			4,406.3		133.3	6.10
Construction		772.8		24.8	6.48			918.6		30.4	6.67
Residential:
Residential mortgage		4,060.2		81.9	4.03			4,127.1		81.2	3.93
Home equity line		1,178.6		27.8	4.76			1,152.1		26.4	4.62
Consumer		1,039.4		40.1	7.79			1,016.6		38.1	7.56
Lease financing		442.6		8.0	3.63			434.3		8.5	3.95
Total Loans and Leases		14,389.4		378.4	5.29			14,299.4		386.7	5.44
Other Earning Assets		27.6		0.3	2.44			33.3		0.8	5.20
Total Earning Assets⁽²⁾		21,262.4		464.0	4.39			21,168.4		473.9	4.50
Cash and Due from Banks		232.8						229.0
Other Assets		2,523.3						2,477.4
Total Assets	$	24,018.5					$	23,874.8

Interest-Bearing Liabilities
Interest-Bearing Deposits
Savings	$	6,406.0	$	38.5	1.21	%	$	6,240.1	$	42.2	1.36	%
Money Market		4,340.0		39.3	1.83			3,871.8		45.8	2.38
Time		3,328.0		45.5	2.76			3,353.5		54.0	3.25
Total Interest-Bearing Deposits		14,074.0		123.3	1.77			13,465.4		142.0	2.13
Other Short-Term Borrowings		—		—	—			250.0		5.2	4.22
Other Interest-Bearing Liabilities		16.0		0.2	3.25			24.1		0.6	4.65
Total Interest-Bearing Liabilities		14,090.0		123.5	1.77			13,739.5		147.8	2.17
Net Interest Income			$	340.5					$	326.1
Interest Rate Spread⁽³⁾					2.62	%					2.33	%
Net Interest Margin⁽⁴⁾					3.22	%					3.10	%
Noninterest-Bearing Demand Deposits		6,479.1						6,851.4
Other Liabilities		656.5						630.9
Stockholders' Equity		2,792.9						2,653.0
Total Liabilities and Stockholders' Equity	$	24,018.5					$	23,874.8

(1)	Non-performing loans and leases are included in the respective average loan and lease balances. Income, if any, on such loans and leases is recognized on a cash basis.

(2)	Interest income includes taxable-equivalent basis adjustments of $2.0 million for both the six months ended June 30, 2026 and 2025.

(3)	Interest rate spread is the difference between the average yield on earning assets and the average rate paid on interest-bearing liabilities, on a fully taxable-equivalent basis.

(4)	Net interest margin is net interest income annualized for the six months ended June 30, 2026 and 2025, on a fully taxable-equivalent basis, divided by average total earning assets.


Analysis of Change in Net Interest Income						Table 6
	Three Months Ended June 30, 2026
	Compared to March 31, 2026
(dollars in millions)	Volume		Rate		Total⁽¹⁾
Change in Interest Income:
Interest-Bearing Deposits in Other Banks	$	(2.7)	$	—	$	(2.7)
Available-for-Sale Investment Securities
Taxable		0.2		0.7		0.9
Held-to-Maturity Investment Securities
Taxable		(0.2)		0.3		0.1
Non-Taxable		—		(0.2)		(0.2)
Total Investment Securities		—		0.8		0.8
Loans and Leases
Commercial and industrial		1.8		(0.3)		1.5
Commercial real estate		2.4		0.2		2.6
Residential:
Residential mortgage		(0.4)		0.3		(0.1)
Home equity line		0.1		0.4		0.5
Consumer		0.2		(0.1)		0.1
Lease financing		—		(0.2)		(0.2)
Total Loans and Leases		4.1		0.3		4.4
Other Earning Assets		0.1		—		0.1
Total Change in Interest Income		1.5		1.1		2.6

Change in Interest Expense:
Interest-Bearing Deposits
Savings		—		0.7		0.7
Money Market		(0.1)		(0.2)		(0.3)
Time		(0.6)		(0.7)		(1.3)
Total Interest-Bearing Deposits		(0.7)		(0.2)		(0.9)
Other Interest-Bearing Liabilities		0.1		—		0.1
Total Change in Interest Expense		(0.6)		(0.2)		(0.8)
Change in Net Interest Income	$	2.1	$	1.3	$	3.4

(1)	The change in interest income and expense not solely due to changes in volume or rate has been allocated on a pro-rata basis to the volume and rate columns.


Analysis of Change in Net Interest Income						Table 7
	Three Months Ended June 30, 2026
	Compared to June 30, 2025
(dollars in millions)	Volume		Rate		Total ⁽¹⁾
Change in Interest Income:
Interest-Bearing Deposits in Other Banks	$	(1.4)	$	(2.2)	$	(3.6)
Available-for-Sale Investment Securities
Taxable		1.4		1.9		3.3
Held-to-Maturity Investment Securities
Taxable		(1.0)		(0.1)		(1.1)
Total Investment Securities		0.4		1.8		2.2
Loans and Leases
Commercial and industrial		(0.2)		(2.7)		(2.9)
Commercial real estate		5.0		(4.3)		0.7
Construction		(2.1)		(0.4)		(2.5)
Residential:
Residential mortgage		(0.6)		1.3		0.7
Home equity line		0.3		0.5		0.8
Consumer		0.5		0.4		0.9
Lease financing		0.1		(0.4)		(0.3)
Total Loans and Leases		3.0		(5.6)		(2.6)
Other Earning Assets		—		(0.2)		(0.2)
Total Change in Interest Income		2.0		(6.2)		(4.2)

Change in Interest Expense:
Interest-Bearing Deposits
Savings		0.5		(1.9)		(1.4)
Money Market		2.7		(6.0)		(3.3)
Time		(0.9)		(3.5)		(4.4)
Total Interest-Bearing Deposits		2.3		(11.4)		(9.1)
Other Short-Term Borrowings		(1.3)		(1.3)		(2.6)
Total Change in Interest Expense		1.0		(12.7)		(11.7)
Change in Net Interest Income	$	1.0	$	6.5	$	7.5

(1)	The change in interest income and expense not solely due to changes in volume or rate has been allocated on a pro-rata basis to the volume and rate columns.


Analysis of Change in Net Interest Income						Table 8
	Six Months Ended June 30, 2026
	Compared to June 30, 2025
(dollars in millions)	Volume		Rate		Total ⁽¹⁾
Change in Interest Income:
Interest-Bearing Deposits in Other Banks	$	1.5	$	(4.8)	$	(3.3)
Available-for-Sale Investment Securities
Taxable		2.6		2.5		5.1
Held-to-Maturity Investment Securities
Taxable		(2.1)		(0.6)		(2.7)
Non-Taxable		(0.1)		(0.1)		(0.2)
Total Investment Securities		0.4		1.8		2.2
Loans and Leases
Commercial and industrial		(0.6)		(5.1)		(5.7)
Commercial real estate		7.8		(8.4)		(0.6)
Construction		(4.7)		(0.9)		(5.6)
Residential:
Residential mortgage		(1.3)		2.0		0.7
Home equity line		0.6		0.8		1.4
Consumer		0.8		1.2		2.0
Lease financing		0.2		(0.7)		(0.5)
Total Loans and Leases		2.8		(11.1)		(8.3)
Other Earning Assets		(0.1)		(0.4)		(0.5)
Total Change in Interest Income		4.6		(14.5)		(9.9)

Change in Interest Expense:
Interest-Bearing Deposits
Savings		1.1		(4.8)		(3.7)
Money Market		5.0		(11.5)		(6.5)
Time		(0.4)		(8.1)		(8.5)
Total Interest-Bearing Deposits		5.7		(24.4)		(18.7)
Other Short-Term Borrowings		(2.6)		(2.6)		(5.2)
Other Interest-Bearing Liabilities		(0.2)		(0.2)		(0.4)
Total Change in Interest Expense		2.9		(27.2)		(24.3)
Change in Net Interest Income	$	1.7	$	12.7	$	14.4

(1)	The change in interest income and expense not solely due to changes in volume or rate has been allocated on a pro-rata basis to the volume and rate columns.


Loans and Leases											Table 9
	June 30,			March 31,			December 31,			June 30,
(dollars in thousands)	2026			2026			2025			2025
Commercial and industrial	$	2,339,882		$	2,241,882		$	2,171,333		$	2,370,210
Commercial real estate		4,783,130			4,715,741			4,590,326			4,411,585
Construction		731,766			769,302			808,275			884,306
Residential:
Residential mortgage		4,044,207			4,063,933			4,096,300			4,085,827
Home equity line		1,181,396			1,176,228			1,178,527			1,161,876
Total residential		5,225,603			5,240,161			5,274,827			5,247,703
Consumer		1,046,461			1,030,002			1,025,838			1,011,125
Lease financing		450,457			443,747			441,930			426,940
Total loans and leases	$	14,577,299		$	14,440,835		$	14,312,529		$	14,351,869


Deposits											Table 10
	June 30,			March 31,			December 31,			June 30,
(dollars in thousands)	2026			2026			2025			2025
Demand	$	6,447,789		$	6,520,063		$	6,547,292		$	6,844,432
Savings		6,132,746			6,566,192			6,308,873			6,219,801
Money Market		4,283,982			4,310,474			4,289,370			3,777,681
Time		3,289,664			3,380,624			3,370,133			3,389,505
Total Deposits	$	20,154,181		$	20,777,353		$	20,515,668		$	20,231,419


Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More											Table 11
	June 30,			March 31,			December 31,			June 30,
(dollars in thousands)	2026			2026			2025			2025
Non-Performing Assets
Non-Accrual Loans and Leases
Commercial Loans:
Commercial and industrial	$	4,054		$	4,960		$	8,805		$	1,184
Commercial real estate		2,879			2,952			3,007			3,185
Construction		1,788			1,788			1,788			904
Lease financing		680			691			734			—
Total Commercial Loans		9,401			10,391			14,334			5,273
Residential Loans:
Residential mortgage		18,675			17,665			16,423			15,032
Home equity line		11,425			11,624			10,271			8,286
Total Residential Loans		30,100			29,289			26,694			23,318
Total Non-Accrual Loans and Leases		39,501			39,680			41,028			28,591
Total Non-Performing Assets	$	39,501		$	39,680		$	41,028		$	28,591

Accruing Loans and Leases Past Due 90 Days or More
Commercial and industrial	$	249		$	715		$	318		$	942
Residential mortgage		771			9			55			309
Consumer		3,073			3,620			2,984			3,187
Total Accruing Loans and Leases Past Due 90 Days or More	$	4,093		$	4,344		$	3,357		$	4,438

Total Loans and Leases	$	14,577,299		$	14,440,835		$	14,312,529		$	14,351,869


Allowance for Credit Losses and Reserve for Unfunded Commitments	Table 12
	For the Three Months Ended									For the Six Months Ended
	June 30,			March 31,			June 30,			June 30,			June 30,
(dollars in thousands)	2026			2026			2025			2026			2025
Balance at Beginning of Period	$	204,265		$	204,165		$	199,959		$	204,165		$	193,240
Loans and Leases Charged-Off
Commercial Loans:
Commercial and industrial		(769)			(2,625)			(688)			(3,394)			(2,147)
Lease financing		—			—			(82)			—			(82)
Total Commercial Loans		(769)			(2,625)			(770)			(3,394)			(2,229)
Home equity line		(23)			—			(16)			(23)			(30)
Consumer		(5,490)			(4,844)			(4,543)			(10,334)			(9,568)
Total Loans and Leases Charged-Off		(6,282)			(7,469)			(5,329)			(13,751)			(11,827)
Recoveries on Loans and Leases Previously Charged-Off
Commercial Loans:
Commercial and industrial		281			266			196			547			599
Commercial real estate		—			—			—			—			251
Lease financing		—			3			—			3			—
Total Commercial Loans		281			269			196			550			850
Residential Loans:
Residential mortgage		16			13			109			29			129
Home equity line		28			39			32			67			96
Total Residential Loans		44			52			141			96			225
Consumer		1,820			2,248			1,705			4,068			3,684
Total Recoveries on Loans and Leases Previously Charged-Off		2,145			2,569			2,042			4,714			4,759
Net Loans and Leases Charged-Off		(4,137)			(4,900)			(3,287)			(9,037)			(7,068)
Provision for Credit Losses		5,600			5,000			4,500			10,600			15,000
Balance at End of Period	$	205,728		$	204,265		$	201,172		$	205,728		$	201,172
Components:
Allowance for Credit Losses	$	168,056		$	169,318		$	167,825		$	168,056		$	167,825
Reserve for Unfunded Commitments		37,672			34,947			33,347			37,672			33,347
Total Allowance for Credit Losses and Reserve for Unfunded Commitments	$	205,728		$	204,265		$	201,172		$	205,728		$	201,172
Average Loans and Leases Outstanding	$	14,488,213		$	14,289,418		$	14,288,918		$	14,389,365		$	14,299,400
Ratio of Net Loans and Leases Charged-Off to Average Loans and Leases Outstanding⁽¹⁾		0.11	%		0.14	%		0.09	%		0.13	%		0.10	%
Ratio of Allowance for Credit Losses for Loans and Leases to Loans and Leases Outstanding		1.15	%		1.17	%		1.17	%		1.15	%		1.17	%
Ratio of Allowance for Credit Losses for Loans and Leases to Non-accrual Loans and Leases		4.25x			4.27x			5.87x			4.25x			5.87x

(1)	Annualized for the three and six months ended June 30, 2026 and 2025 and three months ended March 31, 2026.

Loans and Leases by Year of Origination and Credit Quality Indicator

Table 13

Revolving

Loans

Converted

Term Loans

Revolving

to Term

Amortized Cost Basis by Origination Year

Loans

Amortized

(dollars in thousands)

2026

2025

2024

2023

2022

Prior

Cost Basis

Total

Commercial Lending

Commercial and Industrial

Risk rating:

Pass

121,498

265,147

116,522

63,411

57,461

302,522

1,229,183

30,382

2,186,126

Special Mention

439

6,038

692

1,689

2,473

807

8,308

—

20,446

Substandard

145

687

2,334

376

2,998

18,736

15,143

—

40,419

Other ⁽¹⁾

11,798

14,486

7,222

3,453

2,601

1,743

51,588

—

92,891

Total Commercial and Industrial

133,880

286,358

126,770

68,929

65,533

323,808

1,304,222

30,382

2,339,882

Current period gross charge-offs

—

1,392

1,862

—

3,394

Commercial Real Estate

Risk rating:

Pass

439,619

723,674

369,595

404,872

658,129

1,814,129

117,006

6,353

4,533,377

Special Mention

—

3,623

1,652

104,548

71,474

2,376

—

183,673

Substandard

969

—

5,309

695

37,564

16,219

5,207

—

65,963

Other ⁽¹⁾

—

117

—

117

Total Commercial Real Estate

440,588

723,674

378,527

407,219

800,241

1,901,939

124,589

6,353

4,783,130

Current period gross charge-offs

—

Construction

Risk rating:

Pass

55,488

124,793

219,701

61,476

169,561

31,308

44,234

—

706,561

Special Mention

—

904

—

904

Other ⁽¹⁾

3,050

7,895

5,419

3,773

1,723

1,762

679

—

24,301

Total Construction

58,538

132,688

225,120

65,249

171,284

33,974

44,913

—

731,766

Current period gross charge-offs

—

Lease Financing

Risk rating:

Pass

94,390

63,777

77,896

84,839

35,648

92,657

—

449,207

Special Mention

—

419

—

570

Substandard

—

680

—

680

Total Lease Financing

94,390

63,777

78,653

85,258

35,722

92,657

—

450,457

Current period gross charge-offs

—

Total Commercial Lending

727,396

1,206,497

809,070

626,655

1,072,780

2,352,378

1,473,724

36,735

8,305,235

Current period gross charge-offs

—

1,392

1,862

—

3,394

(continued)


															Revolving
															Loans
															Converted
	Term Loans												Revolving		to Term
	Amortized Cost Basis by Origination Year												Loans		Loans
(continued)													Amortized		Amortized
(dollars in thousands)	2026		2025		2024		2023		2022		Prior		Cost Basis		Cost Basis		Total
Residential Lending
Residential Mortgage
FICO:
740 and greater	$	118,185	$	192,744	$	132,076	$	163,841	$	426,056	$	2,240,745	$	—	$	—	$	3,273,647
680 - 739		13,300		21,120		19,686		27,538		62,622		267,910		—		—		412,176
620 - 679		6,310		3,842		5,882		4,488		28,030		68,426		—		—		116,978
550 - 619		—		2,487		1,953		1,251		2,653		22,325		—		—		30,669
Less than 550		—		—		—		1,143		3,504		14,639		—		—		19,286
No Score ⁽³⁾		7,172		6,764		3,098		4,753		15,334		49,997		—		—		87,118
Other ⁽²⁾		2,645		22,254		7,104		11,039		13,174		40,616		7,501		—		104,333
Total Residential Mortgage		147,612		249,211		169,799		214,053		551,373		2,704,658		7,501		—		4,044,207
Current period gross charge-offs		—		—		—		—		—		—		—		—		—

Home Equity Line
FICO:
740 and greater		—		—		—		—		—		—		938,399		343		938,742
680 - 739		—		—		—		—		—		—		171,860		1,294		173,154
620 - 679		—		—		—		—		—		—		42,343		785		43,128
550 - 619		—		—		—		—		—		—		13,793		624		14,417
Less than 550		—		—		—		—		—		—		11,162		30		11,192
No Score ⁽³⁾		—		—		—		—		—		—		763		—		763
Total Home Equity Line		—		—		—		—		—		—		1,178,320		3,076		1,181,396
Current period gross charge-offs		—		—		—		—		—		—		23		—		23

Total Residential Lending	$	147,612	$	249,211	$	169,799	$	214,053	$	551,373	$	2,704,658	$	1,185,821	$	3,076	$	5,225,603
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	23	$	—	$	23

Consumer Lending
FICO:
740 and greater	$	60,328	$	93,986	$	54,390	$	34,205	$	35,359	$	12,947	$	99,798	$	56	$	391,069
680 - 739		49,967		75,396		37,212		20,373		17,060		7,497		85,511		556		293,572
620 - 679		30,116		38,437		16,008		9,023		9,299		4,877		51,080		896		159,736
550 - 619		6,036		12,294		8,393		5,766		5,734		3,529		17,345		845		59,942
Less than 550		1,239		5,754		4,578		2,826		2,807		1,750		5,927		537		25,418
No Score ⁽³⁾		2,691		332		4		22		—		15		35,963		165		39,192
Other ⁽²⁾		201		3,921		—		—		—		1,485		71,925		—		77,532
Total Consumer Lending	$	150,578	$	230,120	$	120,585	$	72,215	$	70,259	$	32,100	$	367,549	$	3,055	$	1,046,461
Current period gross charge-offs	$	60	$	1,689	$	1,147	$	827	$	532	$	1,262	$	4,447	$	370	$	10,334

Total Loans and Leases	$	1,025,586	$	1,685,828	$	1,099,454	$	912,923	$	1,694,412	$	5,089,136	$	3,027,094	$	42,866	$	14,577,299
Current period gross charge-offs	$	60	$	1,773	$	1,193	$	827	$	542	$	2,654	$	6,332	$	370	$	13,751

(1)	Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score (680 and above). As of June 30, 2026, the majority of the loans in this population were current.

(2)	Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating. As of June 30, 2026, the majority of the loans in this population were current.

(3)	No FICO scores are primarily related to loans and leases extended to non-residents. Loans and leases of this nature are primarily secured by collateral and/or are closely monitored for performance.


GAAP to Non-GAAP Reconciliation	Table 14
	For the Three Months Ended									For the Six Months Ended
	June 30,			March 31,			June 30,			June 30,
(dollars in thousands)	2026			2026			2025			2026			2025
Income Statement Data:
Net income	$	73,375		$	67,784		$	73,247		$	141,159		$	132,495

Average total stockholders' equity	$	2,796,857		$	2,788,826		$	2,663,850		$	2,792,863		$	2,652,975
Less: average goodwill		995,492			995,492			995,492			995,492			995,492
Average tangible stockholders' equity	$	1,801,365		$	1,793,334		$	1,668,358		$	1,797,371		$	1,657,483

Average total assets	$	23,954,425		$	24,083,280		$	23,859,410		$	24,018,496		$	23,874,849
Less: average goodwill		995,492			995,492			995,492			995,492			995,492
Average tangible assets	$	22,958,933		$	23,087,788		$	22,863,918		$	23,023,004		$	22,879,357

Return on average total stockholders' equity⁽¹⁾		10.52	%		9.86	%		11.03	%		10.19	%		10.07	%
Return on average tangible stockholders' equity (non-GAAP)⁽¹⁾		16.34	%		15.33	%		17.61	%		15.84	%		16.12	%

Return on average total assets⁽¹⁾		1.23	%		1.14	%		1.23	%		1.19	%		1.12	%
Return on average tangible assets (non-GAAP)⁽¹⁾		1.28	%		1.19	%		1.28	%		1.24	%		1.17	%



	As of			As of			As of			As of
	June 30,			March 31,			December 31,			June 30,
(dollars in thousands, except per share amounts)	2026			2026			2025			2025
Balance Sheet Data:
Total stockholders' equity	$	2,826,028		$	2,767,760		$	2,769,365		$	2,694,545
Less: goodwill		995,492			995,492			995,492			995,492
Tangible stockholders' equity	$	1,830,536		$	1,772,268		$	1,773,873		$	1,699,053

Total assets	$	23,646,049		$	24,264,548		$	23,955,252		$	23,837,147
Less: goodwill		995,492			995,492			995,492			995,492
Tangible assets	$	22,650,557		$	23,269,056		$	22,959,760		$	22,841,655

Shares outstanding		121,680,634			121,648,973			122,689,256			124,683,544

Total stockholders' equity to total assets		11.95	%		11.41	%		11.56	%		11.30	%
Tangible stockholders' equity to tangible assets (non-GAAP)		8.08	%		7.62	%		7.73	%		7.44	%

Book value per share	$	23.22		$	22.75		$	22.57		$	21.61
Tangible book value per share (non-GAAP)	$	15.04		$	14.57		$	14.46		$	13.63

(1)	Annualized for the three and six months ended June 30, 2026 and 2025 and three months ended March 31, 2026.