“This increase in net income is primarily the result of an increase in net interest income of $104.9 million and an increase in non-interest income of $18.3 million, partially offset by an increase of $80.8 million in non-interest expense, an increase in the provision for income taxes of $13.4 million, and an increase in provision for credit losses on loans of $1.9 million.”
“Average interest-bearing liabilities were $23.54 billion for the quarter ended March 31, 2026, an increase of $1.89 billion or 8.7% compared with $21.65 billion for the same period in 2025, primarily due to an increase in the average balances on deposits related to the Mergers, partially offset by a decrease in the average balances on other borrowings.”