0001628280-26-032923 | 10-Q | XBRL Viewer

Debt Securities, Available-for-Sale, Realized Gain (Loss)

(775)

$ (775)

$ 0

Held-to-maturity Securities

Schedule of Held-to-maturity Securities [Line Items]

Securities loaned, fair value of collateral

2,200,000

Debt Securities, Held-to-Maturity, Restricted

2,300,000

Available-for-sale Securities

Schedule of Held-to-maturity Securities [Line Items]

Securities loaned, fair value of collateral

$ 3,100

[1]	Excludes accrued interest receivable of $11.2 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheet
[2]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Revenue From Contracts With Customers - Narrative (Details)	Dec. 31, 2025 USD ($)
Revenue From Contracts With Customers [Abstract]
Contract with Customer, Liability	$ 18,000

Restricted Cash	3 Months Ended
Restricted Cash	Mar. 31, 2026
Restricted Cash [Abstract]
Restricted Cash	RESTRICTED CASH The Company is required to maintain reserve balances with the FRBSF. Such reserve requirements are based on a percentage of deposit liabilities and may be satisfied by cash on hand. There were no average reserves required to be held at the FRBSF for the three months ended March 31, 2026 and 2025. The following restricted cash balances are included in "Interest-earning deposits in financial institutions" on the consolidated balance sheets. As of March 31, 2026 and December 31, 2025, we pledged cash collateral for our derivative contracts of $15.3 million and $15.1 million, respectively. In connection with the issuance of the credit-linked notes on September 29, 2022, the Company maintains a correspondent bank account at a third-party financial institution that serves as the collateral account. The repayment of principal on the credit-linked notes is secured by this collateral account, which had a balance of $114.3 million at March 31, 2026 and $115.3 million at December 31, 2025. We pledged cash to secure standby letters of credit that we have issued on behalf of our customers. As of March 31, 2026 and December 31, 2025, the balance of such restricted cash totaled $39.8 million and $39.8 million, respectively.

Organization and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Banc of California, Inc., a Maryland corporation, was incorporated in March 2002 and serves as the holding company for its wholly owned subsidiary, Banc of California (the “Bank”), a California state-chartered bank and member of the FRB. When we refer to the “holding company," we are referring to Banc of California, Inc., the parent company, on a stand-alone basis. When we refer to “we,” “us,” “our,” or the “Company,” we are referring to Banc of California, Inc. and its consolidated subsidiaries including the Bank, collectively. As a bank holding company, Banc of California, Inc. is subject to ongoing and comprehensive supervision, regulation, examination, and enforcement by the FRB. As a California state-chartered bank and a member of the FRB, the Bank is subject to ongoing and comprehensive supervision, regulation, examination, and enforcement by the DFPI and the FRB. The Bank is also a member of the FHLB system, and its deposit accounts are insured by the Deposit Insurance Fund of the FDIC. Banc of California is one of the nation's premier relationship-based business banks, providing banking and treasury management services to small, middle-market, and venture-backed businesses. The Bank offers a broad range of loan and deposit products and services through full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The Bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The Bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. We generate our revenue primarily from interest received on loans and leases and, to a lesser extent, from interest received on investment securities, and fees received in connection with deposit services, extending credit and other services offered, including treasury management and investment management services. Our major operating expenses are interest paid by the Bank on deposits and borrowings, compensation expense, customer related expense, information technology and data processing expense, occupancy expense, and general operating expenses. Significant Accounting Policies Our accounting policies are described in "Note 1. Nature of Operations and Summary of Significant Accounting Policies", of our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the SEC ("Form 10-K"). Recently Issued Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, "Disaggregation of Income Statement Expenses," requiring additional disclosure of income statement expenses, including categories like employee compensation, depreciation, and intangible asset amortization, as well as selling expenses. Companies must also qualitatively describe any remaining amounts not separately disclosed. In January 2025, the FASB also issued ASU 2025-01, "Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures-Clarifying the Effective Date," clarified that all public business entities must adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The disclosures apply prospectively, but retrospective application is allowed. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. In September 2025, the FASB issued ASU 2025-06, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software." The new standard clarifies and modernizes the accounting for costs related to internal-use software under ASC 350-40. Specifically, the amendments address the accounting for software developed using iterative and agile development methods, clarify the threshold for when capitalization of software costs should begin, and require the disclosure requirements of ASC 360-10. This guidance is effective for fiscal years beginning after December 15, 2027, with early adoption permitted. Entities may apply the guidance using one of three transition methods: prospective, modified retrospective (based on the project’s status and whether costs were previously capitalized), or full retrospective application. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. In November 2025, the FASB issued ASU 2025-08, “Financial Instruments—Credit Losses (Topic 326): Purchased Loans,” which updates the accounting for acquired loans under the CECL model. The amendments address application challenges under previous guidance, including the perceived double-counting of credit losses at acquisition, by expanding the gross-up approach and introducing the concept of purchased seasoned loans. Under the new standard, an ACL is recorded at acquisition with a corresponding adjustment to the loan’s amortized cost basis, eliminating the requirement for a day-one provision for certain acquired loans. Loans acquired in a business combination (excluding credit cards) are automatically considered purchased seasoned loans, while other loans qualify if acquired more than 90 days after origination and the acquirer was not involved in origination. The guidance is effective for fiscal years beginning after December 15, 2026, with early adoption permitted, and is to be applied prospectively. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. In December 2025, the FASB issued ASU 2025‑11, “Interim Reporting (Topic 270): Narrow‑Scope Improvements,” which clarifies and consolidates interim reporting guidance under ASC 270 for entities issuing interim financial statements. In addition, the update establishes a disclosure principle requiring entities to disclose material events or changes since the end of the most recent annual reporting period. The amendment does not introduce new recognition, measurement, or disclosure requirements and are not intended to change the fundamental nature of interim reporting, but rather to enhance clarity and consistency in interim financial reporting. The guidance is effective for interim reporting periods within fiscal years beginning after December 15, 2027, with early adoption permitted. Entities may apply the guidance using either prospective or retrospective application. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. Basis of Presentation The accounting and reporting policies of the Company are in accordance with U.S. generally accepted accounting principles, which we may refer to as U.S. GAAP. In the opinion of management, all significant intercompany accounts and transactions have been eliminated and adjustments, consisting solely of normal recurring accruals and considered necessary for the fair presentation of financial statements, have been included. The accompanying unaudited Consolidated Financial Statements as of March 31, 2026 and three months ended March 31, 2026 and 2025 have been prepared in accordance with U.S. GAAP for interim information and Article 10 of Regulation S-X and, therefore, do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Accordingly, these statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Form 10-K. Use of Estimates The Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period to prepare these consolidated financial statements in conformity with U.S. GAAP. Actual results could differ from those estimates. Material estimates subject to change in the near term include, among other items, the ACL (the combination of the ALLL and the reserve for unfunded loan commitments) and the realization of deferred tax assets and liabilities. Estimates may be adjusted as more current information becomes available, and any adjustment may be significant.

Fair Value Option, Credit-linked Notes, Balance (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Fair Value Disclosures [Abstract]
Other Borrowings, Fair Value Disclosure	$ 111,250	$ 113,634
Aggregate Unpaid Principal Balance in Excess of (Less Than) Fair Value	$ 1,203	$ 1,220

Goodwill and Other Intangible Assets, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 214,521	$ 214,521

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-41

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 740
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478064/805-740-55-13

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 39
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-39

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-4

Financing Receivable, Credit Quality Indicator [Line Items]

Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2026	$ 23,655
2027	26,089
2028	22,476
2029	17,918
2030	14,112
Thereafter	26,823
Total operating lease liabilities	131,073
Less: Imputed interest	(13,657)
Present value of operating lease liabilities	$ 117,416	$ 120,587

Fair Value Measurements - Assets Measured at Fair Value on a Non-Recurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 51,011	$ 52,691
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	24,419	48,649
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	26,592	4,042
Non Purchased Credit Impaired Loans and Leases
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	50,721	52,443
Non Purchased Credit Impaired Loans and Leases \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Non Purchased Credit Impaired Loans and Leases \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	24,129	48,401
Non Purchased Credit Impaired Loans and Leases \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	26,592	4,042
Other real estate and foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	290	248
Other real estate and foreclosed assets \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Other real estate and foreclosed assets \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	290	248
Other real estate and foreclosed assets \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 0	$ 0

Borrowings and Subordinated Debt - Narrative (Details)	3 Months Ended
Borrowings and Subordinated Debt - Narrative (Details)	Mar. 31, 2026 USD ($) Rate	Dec. 31, 2025 USD ($)	May 01, 2026 USD ($)	Sep. 29, 2022 class
Debt Instrument [Line Items]
Other Short-Term Borrowings	$ 440,000,000	$ 240,000,000
Subordinated Notes
Debt Instrument [Line Items]
Rate Index (Quarterly Reset)	4.195%	437.50%
Subordinated notes due May 2031 \| Subsequent Event
Debt Instrument [Line Items]
Subordinated Debt Redemption			$ 385,000,000
Federal Reserve Bank Advances
Debt Instrument [Line Items]
Long-Term Line of Credit		$ 0
Secured Debt \| Federal Reserve Bank Advances
Debt Instrument [Line Items]
Borrowing capacity description	$ 5,300,000,000
Collateralized financings	5,000,000,000.0
Securities loaned, fair value of collateral	1,400,000,000
Unused Lines of Credit
Debt Instrument [Line Items]
Current borrowing capacity	$ 215,000,000.0
Credit-linked notes
Debt Instrument [Line Items]
Credit-linked ,Variable interest, percentage rate	14.41%	14.63%
Weighted average interest rate	10.75%
Secured debt	$ 2,100,000,000
Number of note classes \| class				5
Credit-linked Notes	$ 111,250,000	$ 113,634,000
Credit-linked notes \| Highest Rate of Spread
Debt Instrument [Line Items]
Credit-linked ,Variable interest, percentage rate	13.25%
Credit-linked notes \| Lowest Rate of Spread
Debt Instrument [Line Items]
Credit-linked ,Variable interest, percentage rate	8.00%
Short-Term Debt
Debt Instrument [Line Items]
Long-Term Line of Credit	$ 440,000,000.0
Unsecured Debt [Member] \| 522110 Commercial Banking
Debt Instrument [Line Items]
Current borrowing capacity	100,000,000.0
Long-Term Line of Credit	$ 0	0
Rate Index (Quarterly Reset) \| Rate	2.25%
Federal Home Loan Bank of San Francisco
Debt Instrument [Line Items]
Collateralized financings	$ 10,100,000,000
Securities loaned, fair value of collateral	19,800,000
Letters of credit outstanding, amount		514,100,000
Federal Home Loan Bank of San Francisco \| Secured Debt
Debt Instrument [Line Items]
Borrowing capacity description	6,900,000,000
Line of credit, current	$ 2,000,000,000	$ 1,710,185,000

Loans and Leases Held for Investment - Loans and Leases Held for Investment (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Mar. 31, 2025

Dec. 31, 2024

Deferred Discounts, Finance Charges and Interest Included in Receivables

$ 24,883,113

$ 25,155,487

^[1]

(67,640)

(86,061)

Financing Receivable, Unamortized Loan Cost (Fee)

(35,126)

(36,747)

24,780,347

25,032,679

$ 24,126,527

Land and Acquisitions and Development Loans

(241,600)

(245,612)

(234,986)

$ (239,360)

Loans and leases, net

^[2]

24,538,747

24,787,067

217,800

214,500

Financing Receivable, Unamortized Purchase Premium (Discount)

(143,000)

(158,500)

Financing Receivable, Unamortized Purchase Premium

75,400

72,400

Loans and Finance Receivables [Member]

12,300

11,400

Financing Receivable, Credit Quality Indicator [Line Items]

Financing Receivable, Credit Quality Indicator [Line Items]

106,200

104,300

Real Estate Mortgage

13,584,489

13,846,097

13,506,898

13,750,787

13,492,658

Real Estate Construction and Land

(131,514)

(137,401)

(130,116)

(145,754)

Financing Receivable, Credit Quality Indicator [Line Items]

^[3]

1,903,999

1,959,591

1,892,329

1,947,627

2,861,038

Financing Receivable, Credit Quality Indicator [Line Items]

(10,395)

(8,849)

(14,124)

(10,940)

Commercial

9,048,610

8,994,466

9,032,987

8,977,206

7,378,799

Financing Receivable, Credit Quality Indicator [Line Items]

(86,815)

(86,087)

(75,989)

(67,833)

Consumer

346,015

355,333

348,133

357,059

394,032

Schedule of Held-to-maturity Securities [Line Items]

$ (12,876)

$ (13,275)

$ (14,757)

$ (14,833)

[1]	Represents net acquisition discounts of $143.0 million and net purchase premiums of $75.4 million at March 31, 2026, and net acquisition discounts of $158.5 million and net purchase premiums of $72.4 million at December 31, 2025
[2]	Excludes accrued interest receivable of $106.2 million and $104.3 million at March 31, 2026 and December 31, 2025, respectively, which is recorded in "Other assets" on the consolidated balance sheets.
[3]	Includes land and acquisition and development loans of $217.8 million and $214.5 million at March 31, 2026 and December 31, 2025

Leases

3 Months Ended

Mar. 31, 2026

Leases [Abstract]

Leases

LEASES

Operating Leases as a Lessee

Our lease expense is a component of "Occupancy expense" on our consolidated statements of earnings. The following table presents the components of lease expense for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Operating lease expense:
Fixed costs	$	6,944	$	6,969
Variable costs	47		112
Short-term lease costs	252		235
Sublease income	(1,066)		(1,132)
Net lease expense	$	6,177	$	6,184

The following table presents supplemental cash flow information related to leases for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,848	$	8,323
ROU assets obtained in exchange for lease obligations:
Operating leases	$	3,546	$	3,942

The following table presents supplemental balance sheet and other information related to operating leases as of the dates indicated:


	March 31, 2026			December 31, 2025
	(Dollars in thousands)
Operating leases:
Operating lease ROU assets, net	$	97,034		$	99,205
Operating lease liabilities	$	117,416		$	120,587

Weighted average remaining lease term (in years)	5.6			5.8
Weighted average discount rate	3.80		%	3.79		%

The following table presents the maturities of operating lease liabilities as of the date indicated:


	March 31, 2026
	(In thousands)
Period ending December 31,
2026	$	23,655
2027	26,089
2028	22,476
2029	17,918
2030	14,112
Thereafter	26,823
Total operating lease liabilities	131,073
Less: Imputed interest	(13,657)
Present value of operating lease liabilities	$	117,416

Operating Leases as a Lessor

We provide equipment financing to our customers through operating leases where we facilitate the purchase of equipment leased to our customers. The equipment is shown on the consolidated balance sheets as "Equipment leased to others under operating leases" and is depreciated to its estimated residual value at the end of the lease term, shown as "Leased equipment depreciation" in the consolidated statements of earnings. Periodic lease payments received under the leases, are recorded as "Leased equipment income" in the consolidated statements of earnings. The valuation of equipment is tested periodically for impairment. No impairment was recorded on "Equipment leased to others under operating leases" during the three months ended March 31, 2026 and 2025.

The following table presents the contractual rental payments to be received on operating leases as of the date indicated:


	March 31, 2026
	(In thousands)
Period ending December 31,
2026	$	22,514
2027	27,749
2028	26,830
2029	24,898
2030	18,246
Thereafter	27,737
Total undiscounted cash flows	$	147,974

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Other Assets (Tables)

3 Months Ended

Mar. 31, 2026

Other Assets [Abstract]

Schedule of Other Assets

The following table presents the detail of our other assets as of the dates indicated:


Other Assets	March 31, 2026		December 31, 2025
	(In thousands)
Investments:
LIHTC investments	$	249,237	$	259,780
SBIC investments	122,602		121,072
Alternative energy partnerships (HLBV investments)	16,219		16,354
Other equity and CRA investments	155,060		150,048
Total investments	543,118		547,254
Interest receivable	134,032		131,429
Operating lease ROU assets, net (1)	97,034		99,205
Prepaid expenses	32,993		33,829
Taxes receivable	—		8,385
Foreclosed assets, net	18,055		17,115
Equity warrants (2)	3,363		3,437
Other receivables/assets	50,685		44,108
Total other assets	$	879,280	$	884,762

____________________

(1) See "Note 7. Leases" for further details regarding the operating lease ROU assets.

(2) See "Note 11. Fair Value Measurements and Fair Value of Financial Instruments" for information regarding equity warrants.

Investment Securities - Securities Held-to-Maturity (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

$ 2,314,243

$ 2,309,331

^[1]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

(695)

^[2]

(695)

^[1]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss, Total

2,313,548

^[2]

2,308,636

^[1]

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

248

^[2]

2,052

^[1]

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(86,796)

^[2]

(64,162)

^[1]

2,227,000

^[2]

2,246,526

^[1]

Schedule of Held-to-maturity Securities [Line Items]

12,300

11,400

Municipal securities

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

1,238,920

1,237,792

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

(20)

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss, Total

1,238,900

1,237,772

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

248

2,052

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(35,299)

(20,713)

1,203,849

1,219,111

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

448,918

447,283

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss, Total

448,918

447,283

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(21,671)

(19,645)

427,247

427,638

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

361,672

360,382

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss, Total

361,672

360,382

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(13,197)

(9,606)

Schedule of Held-to-maturity Securities [Line Items]

348,475

350,776

U.S. Treasury securities

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

193,784

193,022

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss, Total

193,784

193,022

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(9,673)

(7,934)

184,111

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

70,949

70,852

Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest

(675)

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss, Total

70,274

70,177

Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain

Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss

(6,956)

(6,264)

Held-to-maturity Securities

63,318

63,913

Schedule of Held-to-maturity Securities [Line Items]

Fair Value Option, Disclosures, Credit-linked Notes

$ 11,200

$ 13,400

[1]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets
[2]	Excludes accrued interest receivable of $11.2 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheet

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

The following table presents the changes in fair value of the credit-linked notes for which the fair value option has been elected for the periods indicated:


	Three Months Ended March 31,

Credit-Linked Notes	2026		2025
	(In thousands)
Changes in fair value - gains included in earnings	$	94	$	482
Changes in fair value - other comprehensive (loss) income	$	(111)	$	146

Fair Value Option, Disclosure, Credit-Link Notes, Balance

The following table provides information about the credit-linked notes carried at fair value as of the dates indicated:


Credit-Linked Notes	March 31, 2026		December 31, 2025
	(In thousands)

Carrying value reported on the consolidated balance sheets	$	111,250	$	113,634
Aggregate unpaid principal balance in excess of fair value	$	1,203	$	1,220

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present information on the assets and liabilities measured and recorded at fair value on a recurring basis as of the dates indicated:


	Fair Value Measurements as of March 31, 2026
Measured on a Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Securities AFS:
Agency residential MBS	$	811,661	$	—	$	811,661	$	—

Agency commercial MBS	50,981		—		50,981		—
Agency residential CMOs	1,104,183		—		1,104,183		—

Corporate debt securities	231,958		—		229,708		2,250
Private label residential CMOs	233,184		—		233,184		—
Collateralized loan obligations	200,374		—		200,374		—
Private label commercial MBS	8,270		—		8,270		—
Asset-backed securities	12,661		—		12,661		—
SBA securities	3,060		—		3,060		—
Total securities AFS	$	2,656,332	$	—	$	2,654,082	$	2,250
Equity investments with readily determinable fair values	$	1,082	$	1,082	$	—	$	—
Derivatives (1):
Derivative assets
Cash flow hedges	5,818		—		5,818		—
Interest rate and foreign exchange contracts	4,362		—		4,362		—
Equity warrants	3,363		—		—		3,363
Derivative liabilities
Cash flow hedges	1,838		—		1,838		—
Interest rate and foreign exchange contracts	4,461		—		4,461		—
Credit-linked notes	111,250		—		—		111,250

___________________

(1) For information regarding derivative instruments, see "Note 9. Derivatives".


	Fair Value Measurements as of December 31, 2025
Measured on a Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Securities AFS:
Agency residential MBS	$	834,085	$	—	$	834,085	$	—

Agency commercial MBS	50,966		—		50,966		—
Agency residential CMOs	871,624		—		871,624		—

Corporate debt securities	241,596		—		239,226		2,370
Private label residential CMOs	228,975		—		228,975		—
Collateralized loan obligations	200,822		—		200,822		—
Private label commercial MBS	9,279		—		9,279		—
Asset-backed securities	13,249		—		13,249		—
SBA securities	3,462		—		3,462		—
Total securities AFS	$	2,454,058	$	—	$	2,451,688	$	2,370
Equity investments with readily determinable fair values	$	2	$	2	$	—	$	—
Derivatives (1):
Derivative assets

Interest rate and foreign exchange contracts	4,124		—		4,124		—
Equity warrants	3,437		—		—		3,437
Derivative liabilities
Cash flow hedges	4,065		—		4,065		—
Interest rate and foreign exchange contracts	4,156		—		4,156		—
Credit-linked notes	113,634		—		—		113,634

____________________

(1) For information regarding derivative instruments, see "Note 9. Derivatives".

The following table summarizes activity for our Level 3 corporate debt securities AFS, equity warrants, and credit-linked notes measured at fair value on a recurring basis for the period indicated:


	Corporate		Equity		Credit-Linked
	Debt Securities		Warrants		Notes
	(In thousands)
Balance, December 31, 2025	$	2,370	$	3,437	$	113,634
Total included in earnings	—		—		(94)
Total included in other comprehensive income	(120)		938		111

Issuances	—		143		—
Principal payments	—		—		(2,401)




Exercises and settlements	—		(51)		—

Transfers to Level 1 (equity investments with readily determinable fair values)	—		(1,104)		—
Balance, March 31, 2026	$	2,250	$	3,363	$	111,250

Unrealized net loss for the period included in other
comprehensive income for securities held at quarter-end	$	(750)

^[1]

Fair value inputs, assets, quantitative information

The following table presents information about quantitative inputs and assumptions used to determine the fair values provided by our third-party pricing service for our Level 3 corporate debt securities AFS measured at fair value on a recurring basis as of the date indicated:



	Corporate Debt Securities as of March 31, 2026

	Input or Range	Weighted Average
Unobservable Inputs	of Inputs	Input (1)
Spread to 10 Year Treasury	2.7% - 10.3%	4.8%
Discount rates	7.0% - 14.6%	9.2%

____________________

(1) Unobservable inputs for corporate debt securities were weighted by the relative fair values of the instruments.

The following table presents information about quantitative inputs and assumptions used in the modified Black-Scholes option pricing model to determine the fair value for our Level 3 equity warrants measured at fair value on a recurring basis as of the date indicated:



	Equity Warrants as of March 31, 2026

	Range	Weighted Average
Unobservable Inputs	of Inputs	Input (1)
Volatility (1)	23.5% - 1,027.0%	24.7%
Risk-free interest rate	3.7% - 3.9%	3.8%
Remaining life assumption (in years)	0.08 - 4.99	3.24 years

____________________

(1) Unobservable inputs for equity warrants were weighted by the relative fair values of the instruments.

Assets carried at fair value on a nonrecurring basis

The following tables present assets measured at fair value on a non-recurring basis as of the dates indicated:


	Fair Value Measurement as of March 31, 2026
Measured on a Nonrecurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Individually evaluated loans and leases	$	50,721	$	—	$	24,129	$	26,592

OREO	290		—		290		—
Total non-recurring	$	51,011	$	—	$	24,419	$	26,592


	Fair Value Measurement as of December 31, 2025
Measured on a Nonrecurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Individually evaluated loans and leases	$	52,443	$	—	$	48,401	$	4,042
OREO	248		—		248		—
Total non-recurring	$	52,691	$	—	$	48,649	$	4,042

Net losses (gains) on nonrecurring assets

The following table presents losses recognized on assets measured on a nonrecurring basis for the periods indicated:



	Three Months Ended March 31,
Loss on Assets Measured on a Non‑Recurring Basis	2026		2025
	(In thousands)
Individually evaluated loans and leases	$	5,023	$	11,285

OREO	44		266
Total losses	$	5,067	$	11,551

Fair Value Measurement Inputs and Valuations

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis as of the date indicated:

March 31, 2026

Valuation

Unobservable

Input or

Weighted

Asset

Fair Value

Technique

Inputs

Range

Average

(In thousands)

Individually evaluated loans and leases

26,592

Third party appraisal

Discount from appraisal

7.75% - 7.75%

7.75%

Total non-recurring Level 3

26,592

[1]	For information regarding derivative instruments, see "Note 9. Derivatives".

Investment Securities - Securities Available for Sale (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Debt Securities, Available-for-sale [Line Items]

$ 2,857,903

^[1]

$ 2,646,414

^[2]

775

2,857,128

^[1]

2,645,639

^[2]

2,639

5,309

(203,435)

(196,890)

2,656,332

^[1]

2,454,058

^[2]

Debt Securities, Available-for-sale [Line Items]

12,300

11,400

Agency residential MBS

951,650

972,161

951,650

972,161

(139,989)

(138,076)

811,661

834,085

Debt Securities, Available-for-sale [Line Items]

52,030

52,022

52,030

(1,049)

(1,100)

Debt Securities, Available-for-sale [Line Items]

50,981

50,966

Agency residential CMOs

1,122,858

883,067

1,122,858

883,067

1,423

3,857

(20,098)

(15,300)

1,104,183

871,624

Debt Securities, Available-for-sale [Line Items]

246,475

257,236

775

245,700

256,461

880

576

(14,622)

(15,441)

Private label residential CMOs

231,958

241,596

Debt Securities, Available-for-sale [Line Items]

259,984

254,787

259,984

254,787

157

522

(26,957)

(26,334)

Collateralized loan obligations

233,184

228,975

Debt Securities, Available-for-sale [Line Items]

200,306

200,519

200,306

200,519

155

303

(87)

200,374

200,822

Debt Securities, Available-for-sale [Line Items]

8,742

9,746

8,742

9,746

(472)

(467)

Debt Securities, Available-for-sale [Line Items]

8,270

9,279

Asset-backed securities

12,637

13,242

12,637

13,242

Debt Securities, Available-for-sale [Line Items]

12,661

13,249

SBA securities

3,221

3,634

3,221

3,634

(161)

(172)

Government agency and government-sponsored enterprise pass through securities

$ 3,060

3,462

Debt Securities, Available-for-sale [Line Items]

Revenue From Contracts With Customers [Abstract]

$ 52,022

[1]	Excludes accrued interest receivable of $12.3 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheets.
[2]	Excludes accrued interest receivable of $11.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.

Revenue From Contracts With Customers (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contacts With Customers, Interest Income and Noninterest Income

REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue

The following table presents "Interest income" and "Noninterest income," the components of total revenue, as disclosed in the consolidated statements of earnings and the related amounts which are from contracts with customers within the scope of ASC Topic 606. As illustrated here, substantially all of our revenue is specifically excluded from the scope of ASC Topic 606.


	Three Months Ended March 31,
	2026				2025
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	407,442	$	—	$	406,655	$	—
Noninterest Income:
Service charges on deposit accounts	4,978		4,978		4,543		4,543
Commissions and fees	10,980		5,129		9,958		5,403
Leased equipment income	8,530		—		10,784		—
Gain on sale of loans	7		—		211		—

Dividends and gains on equity investments	2,002		—		2,323		—
Warrant income (loss)	938		—		(295)		—

Other income	7,893		1		6,126		246
Total noninterest income	35,328		10,108		33,650		10,192
Total Revenue	$	442,770	$	10,108	$	440,305	$	10,192

The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated:


	Three Months Ended March 31,
	2026		2025
	(In thousands)
Products and services transferred at a point in time	$	4,235	$	4,553
Products and services transferred over time	5,873		5,639
Total revenue from contracts with customers	$	10,108	$	10,192

Contract with Customer, Asset and Liability

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers as of the dates indicated:


	March 31, 2026		December 31, 2025
	(In thousands)
Receivables, which are included in "Other assets"	$	1,766	$	2,147

Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	261	$	279

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Net income per share

The following tables present the computations of basic and diluted net earnings per share by class of common stock for the periods indicated:


	Three Months Ended March 31, 2026

			Class B		Non-Voting
	Voting		Non-Voting		Common Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders	$	61,045	$	191	$	769	$	62,005
Less: Earnings allocated to unvested restricted stock (2)	(27)		—		—		(27)
Net earnings allocated to common and equivalent shares	$	61,018	$	191	$	769	$	61,978

Weighted average basic shares and unvested restricted
stock outstanding	152,494		477		1,921		154,892
Less: weighted average unvested restricted stock
outstanding	(71)		—		—		(71)
Weighted average basic shares outstanding	152,423		477		1,921		154,821

Basic earnings per share	$	0.40	$	0.40	$	0.40	$	0.40

Diluted Earnings Per Share: (3)
Net earnings available to common and equivalent stockholders	$	61,045	$	191	$	769	$	62,005
Reallocation of net earnings as a result of conversion of
NVCE to Voting Common	769		—		—		—
Reallocation of net earnings	7		(7)		1,487		—
Net earnings for diluted earnings per share	$	61,821	$	184	$	2,256	$	62,005

Weighted average diluted shares outstanding	154,502		477		5,853		160,832
Conversion of NVCE to Voting Common	5,853		—		—		—
Shares used in computation of diluted earnings per share	160,355		477		5,853		160,832

Diluted earnings per share	$	0.39	$	0.39	$	0.39	$	0.39

________________________

(1) Basic earnings per share is using the two-class method.

(2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

(3) Diluted earnings per share is using the treasury method.


	Three Months Ended March 31, 2025

			Class B		Non-Voting
	Voting		Non-Voting		Common Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders	$	40,963	$	123	$	2,535	$	43,621
Less: Earnings allocated to unvested restricted stock (2)	(47)		—		—		(47)
Net earnings allocated to common and equivalent shares	$	40,916	$	123	$	2,535	$	43,574

Weighted average basic shares and unvested restricted
stock outstanding	158,429		477		9,791		168,697
Less: weighted average unvested restricted stock
outstanding	(202)		—		—		(202)
Weighted average basic shares outstanding	158,227		477		9,791		168,495

Basic earnings per share	$	0.26	$	0.26	$	0.26	$	0.26

Diluted Earnings Per Share:(3)
Net earnings allocated to common and equivalent shares	$	40,963	$	123	$	2,535	$	43,621
Weighted average diluted shares outstanding	158,734		477		10,223		169,434
Diluted earnings per share	$	0.26	$	0.26	$	0.25	$	0.26

________________________

(1) Basic earnings per share is using the two-class method.

(2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

(3) Diluted earnings per share is using the treasury method.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the weighted average outstanding restricted shares and warrants that were not included in the computation of diluted earnings per share because their effect would be anti-dilutive for the periods indicated:


	Three Months Ended March 31,

	2026	2025
	(In thousands)
Restricted stock awards and units	13	202
Warrants	—	18,902

Derivatives - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
Derivatives - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	$ 6,299	$ 8,221
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	1,868	300	$ (2,126)
Derivative Asset, Notional Amount	$ 2,334,844	1,576,128
Trust Preferred Securities Two Thousand Six Series Three
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Fixed Interest Rate	5.92%
Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	$ 4,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	1,800
Gain (Loss) on Hedging Activity	1,700
Interest rate collars
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	1,000,000	1,000,000
Hedged Liability, Fair Value Hedge	0	22
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Fair Value Hedge	4,106	4,079
Derivative Asset, Notional Amount	148,798	150,652
Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	680,000	300,000
Hedged Liability, Fair Value Hedge	1,838	$ 4,043
Interest rate swaps \| Pay-Fixed & Receive-Floating
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	300,000
Interest rate swaps \| Forward-starting & Receive-Fixed
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 380,000

Investment Securities

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

Investment Securities

INVESTMENT SECURITIES

Securities Available-for-Sale

The following tables present amortized cost, gross unrealized gains and losses, and fair values of AFS securities as of the dates indicated:


	March 31, 2026
			Allowance				Gross		Gross
	Amortized		for Credit		Net Carrying		Unrealized		Unrealized		Fair
Security Type	Cost		Losses		Amount		Gains		Losses		Value
	(In thousands)
Agency residential MBS	$	951,650	$	—	$	951,650	$	—	$	(139,989)	$	811,661

Agency commercial MBS	52,030		—		52,030		—		(1,049)		50,981
Agency residential CMOs	1,122,858		—		1,122,858		1,423		(20,098)		1,104,183

Corporate debt securities	246,475		(775)		245,700		880		(14,622)		231,958
Private label residential CMOs	259,984		—		259,984		157		(26,957)		233,184
Collateralized loan obligations	200,306		—		200,306		155		(87)		200,374
Private label commercial MBS	8,742		—		8,742		—		(472)		8,270
Asset-backed securities	12,637		—		12,637		24		—		12,661
SBA securities	3,221		—		3,221		—		(161)		3,060
Total (1)	$	2,857,903	$	(775)	$	2,857,128	$	2,639	$	(203,435)	$	2,656,332

_________________________

(1) Excludes accrued interest receivable of $12.3 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheets.


	December 31, 2025
			Allowance				Gross		Gross
	Amortized		for Credit		Net Carrying		Unrealized		Unrealized		Fair
Security Type	Cost		Losses		Amount		Gains		Losses		Value
	(In thousands)
Agency residential MBS	$	972,161	$	—	$	972,161	$	—	$	(138,076)	$	834,085

Agency commercial MBS	52,022		—		52,022		44		(1,100)		50,966
Agency residential CMOs	883,067		—		883,067		3,857		(15,300)		871,624

Corporate debt securities	257,236		(775)		256,461		576		(15,441)		241,596
Private label residential CMOs	254,787		—		254,787		522		(26,334)		228,975
Collateralized loan obligations	200,519		—		200,519		303		—		200,822
Private label commercial MBS	9,746		—		9,746		—		(467)		9,279
Asset-backed securities	13,242		—		13,242		7		—		13,249
SBA securities	3,634		—		3,634		—		(172)		3,462
Total (1)	$	2,646,414	$	(775)	$	2,645,639	$	5,309	$	(196,890)	$	2,454,058

_________________________

(1) Excludes accrued interest receivable of $11.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.

See "Note 11. Fair Value Measurements and Fair Value of Financial Instruments" for information on fair value measurements and methodology.

As of March 31, 2026, AFS securities with a fair value of $3.1 million were pledged as collateral solely for public deposits.

Realized Gains and Losses on Securities Available-for-Sale

The were no sales of AFS securities for the three months ended March 31, 2026 and 2025.

Unrealized Losses on Securities Available-for-Sale

The following tables present the gross unrealized losses and fair values of AFS securities that were in unrealized loss positions as of the dates indicated:


	March 31, 2026
	Less Than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Security Type	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Agency residential MBS	$	—	$	—	$	811,661	$	(139,989)	$	811,661	$	(139,989)

Agency commercial MBS	18,951		(51)		32,030		(998)		50,981		(1,049)
Agency residential CMOs	748,392		(5,689)		83,847		(14,409)		832,239		(20,098)

Corporate debt securities	16,319		(181)		189,534		(14,441)		205,853		(14,622)
Private label residential CMOs	42,560		(286)		123,921		(26,671)		166,481		(26,957)
Collateralized loan obligations	24,913		(87)		—		—		24,913		(87)
Private label commercial MBS	—		—		8,270		(472)		8,270		(472)

SBA securities	—		—		3,060		(161)		3,060		(161)
Total	$	851,135	$	(6,294)	$	1,252,323	$	(197,141)	$	2,103,458	$	(203,435)


	December 31, 2025
	Less Than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Security Type	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Agency residential MBS	$	—	$	—	$	834,085	$	(138,076)	$	834,085	$	(138,076)

Agency commercial MBS	4,994		(6)		32,006		(1,094)		37,000		(1,100)
Agency residential CMOs	70,270		(117)		101,501		(15,183)		171,771		(15,300)

Corporate debt securities	—		—		188,545		(15,441)		188,545		(15,441)
Private label residential CMOs	19,672		(8)		127,020		(26,326)		146,692		(26,334)

Private label commercial MBS	—		—		9,279		(467)		9,279		(467)

SBA securities	—		—		3,462		(172)		3,462		(172)
Total	$	94,936	$	(131)	$	1,295,898	$	(196,759)	$	1,390,834	$	(196,890)

At March 31, 2026, the Company evaluated all securities in an unrealized loss position to determine whether any portion of the unrealized losses were attributable to credit related factors. As a result of this assessment, an ACL of $0.8 million was recorded on one corporate debt security classified as AFS. For all other securities in unrealized loss position, the loss was attributable to changes in market interest rates and other market conditions, rather than credit deterioration of the underlying issuers. In making this determination, we considered several factors, including credit ratings and financial condition of the issuers, the seniority of the tranches, and any U.S. government agency guarantees. We do not intend to sell these securities, and it is not more likely than not that we will be required to sell them before recovery of their amortized cost basis. Therefore, no write-down to fair value through earnings was necessary. Except for the credit loss recognized above, the remaining unrealized losses continue to be recorded in accumulated other comprehensive loss within stockholders’ equity.

Contractual Maturities of Securities Available-for-Sale

The following tables present the contractual maturities of our AFS securities portfolio based on amortized cost and fair value as of the dates indicated:


	March 31, 2026
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Amortized Cost:
Agency residential MBS	$	—	$	—	$	—	$	951,650	$	951,650

Agency commercial MBS	—		40,235		—		11,795		52,030
Agency residential CMOs	—		—		13,353		1,109,505		1,122,858

Corporate debt securities	—		69,888		176,587		—		246,475
Private label residential CMOs	—		—		—		259,984		259,984
Collateralized loan obligations	—		—		93,763		106,543		200,306
Private label commercial MBS	—		—		5,272		3,470		8,742
Asset-backed securities	—		—		—		12,637		12,637
SBA securities	—		—		3,221		—		3,221
Total Amortized Cost:	$	—	$	110,123	$	292,196	$	2,455,584	$	2,857,903
Fair Value:
Agency residential MBS	$	—	$	—	$	—	$	811,661	$	811,661

Agency commercial MBS	—		40,150		—		10,831		50,981
Agency residential CMOs	—		—		13,555		1,090,628		1,104,183

Corporate debt securities	—		67,935		164,023		—		231,958
Private label residential CMOs	—		—		—		233,184		233,184
Collateralized loan obligations	—		—		93,744		106,630		200,374
Private label commercial MBS	—		—		4,954		3,316		8,270
Asset-backed securities	—		—		—		12,661		12,661
SBA securities	—		—		3,060		—		3,060
Total Fair Value:	$	—	$	108,085	$	279,336	$	2,268,911	$	2,656,332

CMBS, CMOs, and MBS have contractual maturity dates, but require periodic payments based upon scheduled amortization terms. Actual principal collections on these securities usually occur more rapidly than the scheduled amortization terms because of prepayments made by obligors of the underlying loan collateral.

Securities Held-to-Maturity

The following tables present amortized cost, ACL, gross unrealized gains and losses, and fair values of HTM securities as of the dates indicated:


	March 31, 2026
	Amortized		Allowance for		Net Carrying		Gross Unrealized		Gross Unrealized		Fair
Security Type	Cost		Credit Losses		Amount		Gains		Losses		Value
	(In thousands)

Municipal securities	$	1,238,920	$	(20)	$	1,238,900	$	248	$	(35,299)	$	1,203,849
Agency commercial MBS	448,918		—		448,918		—		(21,671)		427,247
Private label commercial MBS	361,672		—		361,672		—		(13,197)		348,475
U.S. Treasury securities	193,784		—		193,784		—		(9,673)		184,111
Corporate debt securities	70,949		(675)		70,274		—		(6,956)		63,318





Total (1)	$	2,314,243	$	(695)	$	2,313,548	$	248	$	(86,796)	$	2,227,000

__________________________

(1) Excludes accrued interest receivable of $11.2 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheet


	December 31, 2025
	Amortized		Allowance for		Net Carrying		Gross Unrealized		Gross Unrealized		Fair
Security Type	Cost		Credit Losses		Amount		Gains		Losses		Value
	(In thousands)

Municipal securities	$	1,237,792	$	(20)	$	1,237,772	$	2,052	$	(20,713)	$	1,219,111
Agency commercial MBS	447,283		—		447,283		—		(19,645)		427,638
Private label commercial MBS	360,382		—		360,382		—		(9,606)		350,776
U.S. Treasury securities	193,022		—		193,022		—		(7,934)		185,088
Corporate debt securities	70,852		(675)		70,177		—		(6,264)		63,913





Total (1)	$	2,309,331	$	(695)	$	2,308,636	$	2,052	$	(64,162)	$	2,246,526

__________________________

(1) Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.

As of March 31, 2026, HTM securities with an amortized cost of $2.3 billion and a fair value of $2.2 billion were pledged as collateral primarily for the FRB secured line of credit and public deposits.

Allowance for Credit Losses on Securities Held-to-Maturity

Credit losses on HTM securities are recorded at the time of purchase, acquisition, or when the Company designates securities as HTM. The ACL on HTM securities is represents CECL that may be incurred over the life of the investment. Accrued interest receivable on HTM securities, which is included in "Other assets" on the consolidated balance sheets, is excluded from the estimate of expected credit losses. HTM U.S. Treasury securities and agency-backed MBS securities are considered to have no risk of loss as they are either explicitly or implicitly guaranteed by the U.S. government. The change in fair value in the HTM private label CMBS portfolio is solely driven by changes in interest rates. The Company has no knowledge of any underlying credit issues and the cash flows underlying the debt securities have not changed and are not expected to be impacted by changes in interest rates and, thus, there is no related ACL for this portfolio. The underlying bonds in the Company’s HTM municipal securities and HTM corporate debt securities portfolios are evaluated for credit losses in conjunction with management’s estimate of the ACL based primarily on credit ratings.

Securities Held-to-Maturity by Credit Quality Indicator

The Company uses Standard & Poor's, Moody's, Fitch, Kroll, and Egan Jones ratings as the credit quality indicators for its HTM securities. The following tables present our HTM securities portfolio by the lowest available credit rating as of the dates indicated:


	March 31, 2026
Security Type	AAA		AA+		AA		AA-		BBB		NR		Total
	(In thousands)
Amortized Cost:
Municipal securities	$	567,345	$	364,053	$	221,393	$	84,429	$	1,700	$	—	$	1,238,920
Agency commercial MBS	—		448,918		—		—		—		—		448,918
Private label commercial MBS	361,672		—		—		—		—		—		361,672
U.S. Treasury securities	—		193,784		—		—		—		—		193,784
Corporate debt securities	—		—		—		—		44,683		26,266		70,949
Total	$	929,017	$	1,006,755	$	221,393	$	84,429	$	46,383	$	26,266	$	2,314,243


	December 31, 2025
Security Type	AAA		AA+		AA		AA-		BBB		NR		Total
	(In thousands)
Amortized Cost:
Municipal securities	$	567,140	$	363,823	$	220,823	$	84,302	$	1,704	$	—	$	1,237,792
Agency commercial MBS	—		447,283		—		—		—		—		447,283
Private label commercial MBS	360,382		—		—		—		—		—		360,382
U.S. Treasury securities	—		193,022		—		—		—		—		193,022
Corporate debt securities	—		—		—		—		44,646		26,206		70,852
Total	$	927,522	$	1,004,128	$	220,823	$	84,302	$	46,350	$	26,206	$	2,309,331

Contractual Maturities of Securities Held-to-Maturity

The following tables present the contractual maturities of our HTM securities portfolio based on amortized cost and fair value as of the date indicated:


	March 31, 2026
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Amortized Cost:

Municipal securities	$	—	$	160,750	$	404,033	$	674,137	$	1,238,920
Agency commercial MBS	—		69,620		379,298		—		448,918
Private label commercial MBS	—		—		37,421		324,251		361,672
U.S. Treasury securities	—		—		193,784		—		193,784
Corporate debt securities	—		—		53,775		17,174		70,949





Total Amortized Cost:	$	—	$	230,370	$	1,068,311	$	1,015,562	$	2,314,243
Fair Value:

Municipal securities	$	—	$	158,795	$	394,729	$	650,325	$	1,203,849
Agency commercial MBS	—		67,053		360,194		—		427,247
Private label commercial MBS	—		—		36,235		312,240		348,475
U.S. Treasury securities	—		—		184,111		—		184,111
Corporate debt securities	—		—		48,945		14,373		63,318





Total Fair Value:	$	—	$	225,848	$	1,024,214	$	976,938	$	2,227,000

CMBS have contractual maturity dates, but require periodic payments based upon scheduled amortization terms. Actual principal collections on these securities usually occur more rapidly than the scheduled amortization terms because of prepayments made by obligors of the underlying loan collateral.

Interest Income on Investment Securities

The following table presents the composition of our interest income on investment securities for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Taxable interest	$	33,969	$	31,447
Non-taxable interest	4,362		4,517
Dividend income	3,542		1,898
Total interest income on investment securities	$	41,873	$	37,862

Borrowings and Subordinated Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of debt

The following table summarizes our borrowings as of the dates indicated:


	March 31, 2026				December 31, 2025
			Weighted				Weighted

Borrowing Type	Balance		Average Rate		Balance		Average Rate
	(Dollars in thousands)
FHLB secured advances	$	2,000,000	3.91	%	$	1,710,185	3.90	%
Other short-term borrowings	440,000		3.68	%	240,000		3.69	%
Credit-linked notes	111,250		14.41	%	113,634		14.63	%
Total borrowings, net	$	2,551,250	4.33	%	$	2,063,819	4.47	%

Federal Home Loan Bank, Advance, Branch of FHLBank

The following table presents the interest rates and maturity dates of FHLB secured advances as of the date indicated:


	March 31, 2026
					Maturity
FHLB Secured Advances	Balance		Rate		Date
	(Dollars in thousands)

Term advance	$	100,000	3.95	%	05/21/2026
Term advance	150,000		3.95	%	05/26/2026
Term advance	100,000		3.94	%	07/27/2026
Term advance	150,000		3.95	%	07/30/2026
Term advance (1)	150,000		4.59	%	06/26/2026
Term advance	100,000		3.79	%	02/01/2027
Term advance	100,000		3.79	%	03/01/2027
Term advance	100,000		3.78	%	04/01/2027
Term advance (1)	150,000		4.63	%	05/28/2027
Term advance (1)	150,000		4.63	%	06/03/2027
Term advance (1)	150,000		4.39	%	06/03/2027
Term advance	100,000		3.88	%	06/24/2027
Term advance (1)	500,000		3.18	%	09/18/2034
Total FHLB secured advances	$	2,000,000	3.91	%

___________________

(1) Represents FHLB term advances that include a put feature, which allows the FHLB to terminate the advance before its scheduled maturity date.

Schedule of Subordinated Borrowing

The following table summarizes the terms of each issuance of subordinated debt outstanding as of the dates indicated:


	March 31, 2026				December 31, 2025				Date	Maturity	Rate Index
Series	Balance		Rate (1)		Balance		Rate (1)		Issued	Date	(Quarterly Reset)
	(Dollars in thousands)
Subordinated notes, net (2)(3)	$	381,877	3.25	%	$	381,737	3.25	%	04/30/2021	05/01/2031	Fixed rate
Subordinated notes (4)	75,000		7.86	%	75,000		8.05	%	10/30/2020	10/30/2030	3-month Term SOFR + 4.195%
Trust V	10,310		7.04	%	10,310		7.07	%	08/15/2003	09/17/2033	3-month Term SOFR + 3.10
Trust VI	10,310		6.99	%	10,310		7.03	%	09/03/2003	09/15/2033	3-month Term SOFR + 3.05
Trust CII	5,155		6.89	%	5,155		6.92	%	09/17/2003	09/17/2033	3-month Term SOFR + 2.95
Trust VII	61,856		6.68	%	61,856		6.85	%	02/05/2004	04/23/2034	3-month Term SOFR + 2.75
Trust CIII	20,619		5.63	%	20,619		5.67	%	08/15/2005	09/15/2035	3-month Term SOFR + 1.69
Trust FCCI	16,495		5.54	%	16,495		5.58	%	01/25/2007	03/15/2037	3-month Term SOFR + 1.60
Trust FCBI	10,310		5.49	%	10,310		5.53	%	09/30/2005	12/15/2035	3-month Term SOFR + 1.55
Trust CS 2005-1	82,475		5.89	%	82,475		5.93	%	11/21/2005	12/15/2035	3-month Term SOFR + 1.95
Trust CS 2005-2	128,866		5.88	%	128,866		6.05	%	12/14/2005	01/30/2036	3-month Term SOFR + 1.95
Trust CS 2006-1	51,545		8.70	%	51,545		9.20	%	02/22/2006	04/30/2036	Prime + 1.95
Trust CS 2006-2	51,550		5.88	%	51,550		6.05	%	09/27/2006	10/30/2036	3-month Term SOFR + 1.95
Trust CS 2006-3 (5)	29,778		4.08	%	30,275		4.12	%	09/29/2006	10/30/2036	3-month EURIBOR + 2.05
Trust CS 2006-4	16,470		8.70	%	16,470		9.20	%	12/05/2006	01/30/2037	Prime + 1.95
Trust CS 2006-5	6,650		5.88	%	6,650		6.05	%	12/19/2006	01/30/2037	3-month Term SOFR + 1.95
Trust CS 2007-2	39,177		5.88	%	39,177		6.05	%	06/13/2007	07/30/2037	3-month Term SOFR + 1.95
PMB Statutory Trust III	7,217		7.37	%	7,217		7.35	%	09/16/2002	09/26/2032	3-month Term SOFR + 3.40
PMB Capital Trust III	10,310		5.93	%	10,310		6.15	%	10/04/2004	10/08/2034	3-month Term SOFR + 2.00
Total subordinated debt	1,015,970		5.24	%	1,016,327		5.35	%
Acquisition discount (6)	(61,898)				(63,587)
Total subordinated debt, net	$	954,072			$	952,740

___________________

(1) Rates do not include the effects of discounts and issuance costs.

(2) Net of unamortized issuance costs of $3.1 million at March 31, 2026 and $3.3 million at December 31, 2025.

(3) The subordinated notes, which were issued at the Bank level rather than the holding company level, carried a fixed interest rate until May 1, 2026. On that date, the Company redeemed the outstanding principal amount of $385 million. The balance reflected in the table above differs from the redemption amount due to the carrying value of the subordinated notes, which includes the impact of unamortized debt issuance discount at the reporting date. For more information see “Note 17. Subsequent Events” in Item 1 of this Form 10‑Q.

(4) Interest rate was fixed at 4.375% until October 30, 2025, when it changed to a floating rate equal to 3-month Term SOFR, plus a spread of 419.5 basis points.

(5) Denomination is in Euros with a value of €25.8 million

(6) Amount represents the fair value adjustment on subordinated debt assumed in acquisitions.

Investment Securities - Unrealized Losses on Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 851,135	$ 94,936
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(6,294)	(131)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	1,252,323	1,295,898
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(197,141)	(196,759)
Debt Securities, Available-for-sale, Unrealized Loss Position	2,103,458	1,390,834
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(203,435)	(196,890)
Agency residential MBS
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	811,661	834,085
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(139,989)	(138,076)
Debt Securities, Available-for-sale, Unrealized Loss Position	811,661	834,085
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(139,989)	(138,076)
Agency commercial MBS
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	18,951	4,994
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(51)	(6)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	32,030	32,006
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(998)	(1,094)
Debt Securities, Available-for-sale, Unrealized Loss Position	50,981	37,000
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(1,049)	(1,100)
Agency residential CMOs
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	748,392	70,270
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(5,689)	(117)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	83,847	101,501
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(14,409)	(15,183)
Debt Securities, Available-for-sale, Unrealized Loss Position	832,239	171,771
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(20,098)	(15,300)
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	16,319	0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(181)	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	189,534	188,545
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(14,441)	(15,441)
Debt Securities, Available-for-sale, Unrealized Loss Position	205,853	188,545
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(14,622)	(15,441)
Private label residential CMOs
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	42,560	19,672
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(286)	(8)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	123,921	127,020
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(26,671)	(26,326)
Debt Securities, Available-for-sale, Unrealized Loss Position	166,481	146,692
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(26,957)	(26,334)
Collateralized loan obligations
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	24,913
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(87)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0
Debt Securities, Available-for-sale, Unrealized Loss Position	24,913
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(87)
Private label commercial MBS
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	8,270	9,279
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(472)	(467)
Debt Securities, Available-for-sale, Unrealized Loss Position	8,270	9,279
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(472)	(467)
SBA securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	3,060	3,462
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(161)	(172)
Debt Securities, Available-for-sale, Unrealized Loss Position	3,060	3,462
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	$ (161)	$ (172)

Investment Securities - Interest Income on Investment Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]
Taxable interest	$ 33,969	$ 31,447
Non-taxable interest	4,362	4,517
Dividend income	3,542	1,898
Total interest income on investment securities	$ 41,873	$ 37,862

Goodwill and Other Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets disclosure

The following table presents the carrying amounts of CDI and CRI and the related accumulated amortization for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Gross Amount of CDI and CRI:
Balance, beginning and end of period	$	178,764	$	178,764


Accumulated Amortization:
Balance, beginning of period	(73,477)		(45,820)
Amortization expense	(6,196)		(7,007)

Balance, end of period	(79,673)		(52,827)
Net CDI and CRI, end of period	$	99,091	$	125,937

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table presents the estimated aggregate future amortization expense for our current CDI and CRI as of the date indicated:


	March 31, 2026
	(In thousands)
Period ending December 31,
2026	$	18,216
2027	21,166
2028	17,920
2029	14,675
2030	11,430
Thereafter	15,684
Net CDI and CRI	$	99,091

Fair Value Measurements - Losses Recognized on Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Net Gain (Loss) from Nonrecurring Assets	$ 5,067	$ 11,551
Non Purchased Credit Impaired Loans and Leases
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Net Gain (Loss) from Nonrecurring Assets	5,023	11,285
Other real estate and foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Net Gain (Loss) from Nonrecurring Assets	$ 44	$ 266

Loans and Leases Held for Investment - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025	Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans and leases	$ 185,734	$ 213,480	$ 159,168
Provision for credit losses	9,800	9,300
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	13,812	14,074
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	(4,000)
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	241,600	234,986	245,612	$ 239,360
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	9,800	9,700
Year-to-date
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	195
Real Estate Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans and leases	154,237	198,948	154,676
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	4,572	5,478
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	131,514	130,116	137,401	145,754
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	1,315	$ (10,160)
Real Estate Mortgage \| Other Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans and leases	53,489		57,984
Real Estate Mortgage \| Other Residential Real Estate \| Year-to-date \| Extended Maturity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification		9 months
Real Estate Mortgage \| Commercial Real Estate Construction Loan Receivable \| Year-to-date \| Extended Maturity, Payment Delay and Principal Forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate Reduction, Loan Modifications		1.65%
Loan Modifications, Principal Forgiveness		$ 8,100
Real Estate Mortgage \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans and leases	$ 87,548		93,334
Real Estate Mortgage \| Commercial \| Year-to-date \| Extended Maturity, Payment Delay and Principal Forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification		64 months
Real Estate Mortgage \| Commercial \| Year-to-date \| Extended Maturity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification	10 months	13 months
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans and leases	$ 30,434	$ 13,540	3,135
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	430	7,478
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	86,815	75,989	86,087	$ 67,833
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	1,158	$ 15,634
Credit Concentration Risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans and leases	62,900
Nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivable, 90 or more days past due	81,600		92,700
Receivable, 30-89 days past due	28,400		15,300
Financing receivable, nonaccrual status, current	$ 75,700		51,200
three Largest Loan Relationships \| Credit Concentration Risk \| Nonaccrual Loans And Leases Benchmark
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of nonaccrual loans and leases	34.00%
Other Commercial \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans and leases	$ 1,642		2,510
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	$ 195
Other Commercial \| Commercial \| Year-to-date \| Extended Maturity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification	65 months	16 months
Other Commercial \| Commercial \| Year-to-date \| Combination Term Extension, Rate Reduction and Payment Delay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate Reduction, Loan Modifications		5.75%
Financing Receivable, Modified, Weighted Average Term Increase from Modification		61 months
Financing Receivable, Modified, Payment Delay		3 months
Other Commercial \| Commercial \| Year-to-date \| Extended Maturity and Interest Rate Reduction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate Reduction, Loan Modifications		1.95%
Financing Receivable, Modified, Weighted Average Term Increase from Modification	15 months	56 months
Venture Capital Loans \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans and leases	$ 28,792		625
Venture Capital Loans \| Commercial \| Year-to-date \| Extended Maturity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification	8 months	12 months
Asset Based \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans and leases	$ 0		$ 0
Asset Based \| Commercial \| Year-to-date \| Extended Maturity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Modified, Weighted Average Term Increase from Modification		10 months

Other Assets (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Other Assets [Abstract]

LIHTC investments

$ 249,237

$ 259,780

SBIC investments

122,602

121,072

Alternative energy partnerships (HLBV investments)

16,219

16,354

Other equity and CRA investments

155,060

150,048

Total investments

543,118

547,254

Interest receivable

134,032

131,429

Operating lease ROU assets, net (1)

^[1]

97,034

99,205

Prepaid expenses

32,993

33,829

Taxes receivable

8,385

Foreclosed assets, net

18,055

17,115

Equity warrants

^[2]

3,363

3,437

Other receivables/assets

50,685

44,108

Other assets

$ 879,280

$ 884,762

[1]	See "Note 7. Leases" for further details regarding the operating lease ROU assets.
[2]	See "Note 11. Fair Value Measurements and Fair Value of Financial Instruments" for information regarding equity warrants.

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2026
Subsequent Events [Abstract]
Subsequent Events	NOTE 17. SUBSEQUENT EVENTS Common Stock Dividend On May 8, 2026, the Company announced that the Board of Directors had declared a quarterly cash dividend of $0.12 per common share. The cash dividend is payable on July 1, 2026, to stockholders of record at the close of business on June 15, 2026. Preferred Stock Dividend On May 8, 2026, the Company announced that the Board of Directors had declared a quarterly cash dividend of $0.4845 per Depositary Share. The cash dividend is payable on June 1, 2026 to stockholders of record at the close of business on May 21, 2026. Subordinated Debt On May 1, 2026, the Company redeemed all $385 million outstanding aggregate principal amount of its 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031 originally issued by Pacific Western Bank. The remaining unamortized discount and debt issuance costs will be recorded as a loss on redemption of subordinated notes in noninterest income during the second quarter of 2026. Servicing Asset Sale On April 22, 2026, the Company entered into an agreement to sell the single-family mortgage servicing rights ("MSR") portfolio with an underlying unpaid principal balance of approximately $1.35 billion. Proceeds from the MSR sale will offset costs from the subordinated debt redeemed on May 1, 2026. This transaction is expected to settle on May 29, 2026.

Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Earnings Per Share [Abstract]
Weighted Average Number of Shares, Restricted Stock	71,000	202,000
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted Average Number of Shares, Restricted Stock	71,000	202,000
Anti-dilutive Shares for Earnings Per Share
Earnings Per Share [Abstract]
Weighted Average Number of Shares, Restricted Stock	13,000	202,000
Class Of Warrant Outstanding	0	18,902
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted Average Number of Shares, Restricted Stock	13,000	202,000
Class Of Warrant Outstanding	0	18,902

Restricted Cash - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Restricted Cash and Cash Equivalent Item [Line Items]
Restricted Cash and Cash Equivalent	$ 0.0	$ 0.0
Pledged Cash for Derivative Contracts	15.3	15.1
Cash Collateral	114.3	115.3
Standby Letters of Credit
Restricted Cash and Cash Equivalent Item [Line Items]
Restricted Cash And Restricted Cash Equivalents	$ 39.8	$ 39.8

Goodwill and Other Intangible Assets, Net - Rollforward of CDI and CRI (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Finite-lived Intangible Assets [Roll Forward]
CDI and CRI Balance, beginning of period	$ 178,764	$ 178,764
Accumulated Amortization, beginning of period	(73,477)	(45,820)
Accumulated Amortization, end of period	(79,673)	(52,827)
CDI and CRI Amortization	(6,196)	(7,007)
Net CDI and CRI, end of period	$ 99,091	$ 125,937

Loans and Leases Held for Investment - Nonaccrual and Performing Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Financing Receivable, Impaired [Line Items]
Nonaccrual	$ 185,734	$ 159,168	$ 213,480
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	24,435,218	24,831,721
Loans and leases HFI	24,780,347	25,032,679	24,126,527
Real Estate Mortgage
Financing Receivable, Impaired [Line Items]
Nonaccrual	154,237	154,676	198,948
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	13,340,828	13,581,261
Loans and leases HFI	13,506,898	13,750,787	13,492,658
Real Estate Construction and Land
Financing Receivable, Impaired [Line Items]
Nonaccrual	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,718,717	1,921,087
Loans and leases HFI	1,892,329	1,947,627	2,861,038
Commercial
Financing Receivable, Impaired [Line Items]
Nonaccrual	30,434	3,135	13,540
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	9,030,497	8,974,976
Loans and leases HFI	9,032,987	8,977,206	7,378,799
Consumer
Financing Receivable, Impaired [Line Items]
Nonaccrual	1,063	1,357	992
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	345,176	354,397
Loans and leases HFI	348,133	357,059	$ 394,032
Performing
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	24,594,613	24,873,511
Performing \| Real Estate Mortgage
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	13,352,661	13,596,111
Performing \| Real Estate Construction and Land
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,892,329	1,947,627
Performing \| Commercial
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	9,002,553	8,974,071
Performing \| Consumer
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	347,070	355,702
Venture Capital Loans \| Commercial
Financing Receivable, Impaired [Line Items]
Nonaccrual	28,792	625
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	2,321,666	2,222,097
Loans and leases HFI	2,322,261	2,222,097
Venture Capital Loans \| Performing \| Commercial
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	2,293,469	2,221,472
Other Commercial \| Commercial
Financing Receivable, Impaired [Line Items]
Nonaccrual	1,642	2,510
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,500,002	3,803,011
Loans and leases HFI	3,501,388	3,804,099
Other Commercial \| Performing \| Commercial
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,499,746	3,801,589
Asset Based \| Commercial
Financing Receivable, Impaired [Line Items]
Nonaccrual	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,208,829	2,949,868
Loans and leases HFI	3,209,338	2,951,010
Asset Based \| Performing \| Commercial
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,209,338	2,951,010
Commercial Real Estate Construction Loan Receivable \| Real Estate Construction and Land
Financing Receivable, Impaired [Line Items]
Nonaccrual	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	331,650	379,387
Loans and leases HFI	364,575	379,387
Commercial Real Estate Construction Loan Receivable \| Performing \| Real Estate Construction and Land
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	364,575	379,387
Residential Real Estate Construction Financing Receivable \| Real Estate Construction and Land
Financing Receivable, Impaired [Line Items]
Nonaccrual	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,387,067	1,541,700
Loans and leases HFI	1,527,754	1,568,240
Residential Real Estate Construction Financing Receivable \| Performing \| Real Estate Construction and Land
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,527,754	1,568,240
Commercial \| Real Estate Mortgage
Financing Receivable, Impaired [Line Items]
Nonaccrual	87,548	93,334
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	4,041,500	4,257,633
Loans and leases HFI	4,093,386	4,314,637
Commercial \| Performing \| Real Estate Mortgage
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	4,005,838	4,221,303
Other Residential Real Estate \| Real Estate Mortgage
Financing Receivable, Impaired [Line Items]
Nonaccrual	53,489	57,984
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,379,605	3,269,634
Loans and leases HFI	3,458,410	3,346,733
Other Residential Real Estate \| Performing \| Real Estate Mortgage
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,404,921	3,288,749
Multifamily \| Real Estate Mortgage
Financing Receivable, Impaired [Line Items]
Nonaccrual	13,200	3,358
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	5,919,723	6,053,994
Loans and leases HFI	5,955,102	6,089,417
Multifamily \| Performing \| Real Estate Mortgage
Financing Receivable, Impaired [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	$ 5,941,902	$ 6,086,059

Commitments and Contingencies

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

COMMITMENTS AND CONTINGENCIES

The following table presents a summary of commitments described below as of the dates indicated:


	March 31, 2026		December 31, 2025
	(In thousands)
Loan commitments to extend credit	$	5,549,325	$	5,433,357
Standby letters of credit	255,845		244,895
Total	$	5,805,170	$	5,678,252

The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement that the Company has in particular classes of financial instruments.

Commitments to extend credit are contractual agreements to lend to our customers when customers are in compliance with their contractual credit agreements and when customers have contractual availability to borrow under such agreements. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The estimated exposure to loss from these commitments is included in the reserve for unfunded loan commitments, which amounted to $34.9 million at March 31, 2026 and $34.9 million at December 31, 2025.

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third-party. We provide standby letters of credit in conjunction with several of our lending arrangements and property lease obligations. Most guarantees expire within one year from the date of issuance. If a borrower defaults on its commitments subject to any letter of credit issued under these arrangements, we would be required to meet the borrower's financial obligation but would seek repayment of that financial obligation from the borrower. In some cases, borrowers have pledged cash and investment securities as collateral under these arrangements.

Additionally, we have commitments to invest in SBICs that call for capital contributions up to an amount specified in the partnership agreements, and in CRA-related loan pools. As of March 31, 2026 and December 31, 2025, such commitments totaled $118.2 million and $122.1 million.

Legal Matters

In the ordinary course of our business, we are party to various legal actions, which we believe are incidental to the operation of our business. The outcome of such legal actions and the timing of ultimate resolution are inherently difficult to predict. In the opinion of management, based upon information currently available to us, any resulting liability, in addition to amounts already accrued, and taking into consideration insurance which may be applicable, would not have a material adverse effect on the Company’s financial statements or operations.

Investment Securities - Securities Held-to-Maturity Credit Quality Indicators (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

$ 2,314,243

$ 2,309,331

^[1]

Standard & Poor's, AAA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

929,017

927,522

Standard & Poor's, AA+ Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

1,006,755

1,004,128

Standard & Poor's, AA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

221,393

220,823

Standard & Poor's, AA- Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

84,429

84,302

Standard & Poor's, BBB Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

46,383

46,350

Standard & Poor's, No Credit Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

26,266

26,206

Municipal securities

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

1,238,920

1,237,792

Municipal securities | Standard & Poor's, AAA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

567,345

567,140

Municipal securities | Standard & Poor's, AA+ Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

364,053

363,823

Municipal securities | Standard & Poor's, AA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

221,393

220,823

Municipal securities | Standard & Poor's, AA- Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

84,429

84,302

Municipal securities | Standard & Poor's, BBB Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

1,700

1,704

Municipal securities | Standard & Poor's, No Credit Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

448,918

447,283

Agency commercial MBS | Standard & Poor's, AAA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Agency commercial MBS | Standard & Poor's, AA+ Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

448,918

447,283

Agency commercial MBS | Standard & Poor's, AA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Agency commercial MBS | Standard & Poor's, AA- Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Agency commercial MBS | Standard & Poor's, BBB Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Agency commercial MBS | Standard & Poor's, No Credit Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

361,672

360,382

Private label commercial MBS | Standard & Poor's, AAA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

361,672

360,382

Private label commercial MBS | Standard & Poor's, AA+ Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Private label commercial MBS | Standard & Poor's, AA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Private label commercial MBS | Standard & Poor's, AA- Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Private label commercial MBS | Standard & Poor's, BBB Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Private label commercial MBS | Standard & Poor's, No Credit Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

U.S. Treasury securities

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

193,784

193,022

U.S. Treasury securities | Standard & Poor's, AAA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

U.S. Treasury securities | Standard & Poor's, AA+ Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

193,784

193,022

U.S. Treasury securities | Standard & Poor's, AA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

U.S. Treasury securities | Standard & Poor's, AA- Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

U.S. Treasury securities | Standard & Poor's, BBB Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

U.S. Treasury securities | Standard & Poor's, No Credit Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

70,949

70,852

Corporate debt securities | Standard & Poor's, AAA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Corporate debt securities | Standard & Poor's, AA+ Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Corporate debt securities | Standard & Poor's, AA Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Corporate debt securities | Standard & Poor's, AA- Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

Corporate debt securities | Standard & Poor's, BBB Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

44,683

44,646

Corporate debt securities | Standard & Poor's, No Credit Rating

Schedule of Held-to-maturity Securities [Line Items]

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss

$ 26,266

$ 26,206

[1]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets

Loans and Leases Held for Investment - Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025	Dec. 31, 2024
Allowance for Loan and Lease Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	$ 241,600	$ 234,986	$ 245,612	$ 239,360
Allowance for Credit Losses, Charge-offs	16,097	16,551
Allowance for Credit Losses, Recoveries	2,285	2,477
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	13,812	14,074
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	9,800	9,700
Amount of the allowance applicable to loans and leases:
Individually evaluated	2,200	3,327
Collectively evaluated	239,400	231,659
The ending balance of the loan and lease portfolio is composed of loans and leases:
Individually evaluated	183,243	210,210
Collectively evaluated	24,597,104	23,916,317
Loans and leases HFI	24,780,347	24,126,527	25,032,679
Real Estate Mortgage
Allowance for Loan and Lease Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	131,514	130,116	137,401	145,754
Allowance for Credit Losses, Charge-offs	5,374	5,789
Allowance for Credit Losses, Recoveries	802	311
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	4,572	5,478
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	1,315	(10,160)
Amount of the allowance applicable to loans and leases:
Individually evaluated	0	1,702
Collectively evaluated	131,514	128,414
The ending balance of the loan and lease portfolio is composed of loans and leases:
Individually evaluated	153,985	198,839
Collectively evaluated	13,352,913	13,293,819
Loans and leases HFI	13,506,898	13,492,658	13,750,787
Real Estate Construction and Land
Allowance for Loan and Lease Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	10,395	14,124	8,849	10,940
Allowance for Credit Losses, Charge-offs	8,077	0
Allowance for Credit Losses, Recoveries	0	0
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	8,077	0
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	9,623	3,184
Amount of the allowance applicable to loans and leases:
Individually evaluated	0	0
Collectively evaluated	10,395	14,124
The ending balance of the loan and lease portfolio is composed of loans and leases:
Individually evaluated	0	0
Collectively evaluated	1,892,329	2,861,038
Loans and leases HFI	1,892,329	2,861,038	1,947,627
Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	86,815	75,989	86,087	67,833
Allowance for Credit Losses, Charge-offs	1,737	9,582
Allowance for Credit Losses, Recoveries	1,307	2,104
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	430	7,478
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	1,158	15,634
Amount of the allowance applicable to loans and leases:
Individually evaluated	2,200	1,625
Collectively evaluated	84,615	74,364
The ending balance of the loan and lease portfolio is composed of loans and leases:
Individually evaluated	29,258	11,371
Collectively evaluated	9,003,729	7,367,428
Loans and leases HFI	9,032,987	7,378,799	8,977,206
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	12,876	14,757	13,275	$ 14,833
Allowance for Credit Losses, Charge-offs	909	1,180
Allowance for Credit Losses, Recoveries	176	62
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	733	1,118
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	334	1,042
Amount of the allowance applicable to loans and leases:
Individually evaluated	0	0
Collectively evaluated	12,876	14,757
The ending balance of the loan and lease portfolio is composed of loans and leases:
Individually evaluated	0	0
Collectively evaluated	348,133	394,032
Loans and leases HFI	$ 348,133	$ 394,032	$ 357,059

Related Party Transactions (Details) $ in Thousands	3 Months Ended
Related Party Transactions (Details) $ in Thousands	Mar. 31, 2026 USD ($) ownershipInterestPerShare shares
Related Party Transaction [Line Items]
Loans and leases receivable, related parties	$ 0
Common Stock Percentage of Shares Owned \| ownershipInterestPerShare	0.0448
NVCE Non-voting Share Class
Related Party Transaction [Line Items]
Stock repurchased (in shares) \| shares	1,000,000
IntraFi
Related Party Transaction [Line Items]
Costs and expenses, related party	$ 1,800

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

Loans and Leases Held for Investment - Components of Leases Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Direct Financing Lease, Net Investment in Leases [Abstract]
Lease payments receivable	$ 164,392	$ 151,719
Unguaranteed residual assets	19,675	19,921
Deferred costs and other	2,355	1,793
Aggregate net investment in leases	$ 186,422	$ 173,433

Loans and Leases Held for Investment - Nonaccrual Loans and Leases by Loan Portfolio Segment and Class (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	$ 185,734	$ 159,168	$ 213,480
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	24,435,218	24,831,721
Loans and leases HFI	24,780,347	25,032,679	24,126,527
Financing Receivable, Nonaccrual, Interest Income	19		5
Leased equipment depreciation	5,304	6,202	6,741
Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	24,594,613	24,873,511
Real Estate Mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	154,237	154,676	198,948
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	13,340,828	13,581,261
Loans and leases HFI	13,506,898	13,750,787	13,492,658
Financing Receivable, Nonaccrual, Interest Income	13		5
Real Estate Mortgage \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	13,352,661	13,596,111
Real Estate Construction and Land
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,718,717	1,921,087
Loans and leases HFI	1,892,329	1,947,627	2,861,038
Real Estate Construction and Land \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,892,329	1,947,627
Commercial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	30,434	3,135	13,540
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	9,030,497	8,974,976
Loans and leases HFI	9,032,987	8,977,206	7,378,799
Financing Receivable, Nonaccrual, Interest Income	6		0
Commercial \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	9,002,553	8,974,071
Consumer
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	1,063	1,357	992
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	345,176	354,397
Loans and leases HFI	348,133	357,059	394,032
Financing Receivable, Nonaccrual, Interest Income	0		0
Consumer \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	347,070	355,702
Finance Receivable Allowance \| Consumer
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	1,063		992
Financing Receivable, Nonaccrual, Interest Income	0		0
Commercial \| Real Estate Mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	87,548	93,334
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	4,041,500	4,257,633
Loans and leases HFI	4,093,386	4,314,637
Financing Receivable, Nonaccrual, No Allowance	87,426		124,277
Commercial \| Real Estate Mortgage \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	4,005,838	4,221,303
Commercial \| Finance Receivable Allowance \| Real Estate Mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	122		7,318
Financing Receivable, Nonaccrual, Interest Income	0		0
Commercial \| No Finance Receivable Allowance \| Real Estate Mortgage
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Nonaccrual, Interest Income	13		5
Other Residential Real Estate \| Real Estate Mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	53,489	57,984
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,379,605	3,269,634
Loans and leases HFI	3,458,410	3,346,733
Financing Receivable, Nonaccrual, No Allowance	53,358		44,572
Other Residential Real Estate \| Real Estate Mortgage \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,404,921	3,288,749
Other Residential Real Estate \| Finance Receivable Allowance \| Real Estate Mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	131		167
Financing Receivable, Nonaccrual, Interest Income	0		0
Other Residential Real Estate \| No Finance Receivable Allowance \| Real Estate Mortgage
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Nonaccrual, Interest Income	0		0
Multifamily \| Real Estate Mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	13,200	3,358
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	5,919,723	6,053,994
Loans and leases HFI	5,955,102	6,089,417
Financing Receivable, Nonaccrual, No Allowance	13,200		22,614
Multifamily \| Real Estate Mortgage \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	5,941,902	6,086,059
Multifamily \| No Finance Receivable Allowance \| Real Estate Mortgage
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Nonaccrual, Interest Income	0		0
Commercial Real Estate Construction Loan Receivable \| Real Estate Construction and Land
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	331,650	379,387
Loans and leases HFI	364,575	379,387
Commercial Real Estate Construction Loan Receivable \| Real Estate Construction and Land \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	364,575	379,387
Residential Real Estate Construction Financing Receivable \| Real Estate Construction and Land
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,387,067	1,541,700
Loans and leases HFI	1,527,754	1,568,240
Residential Real Estate Construction Financing Receivable \| Real Estate Construction and Land \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,527,754	1,568,240
Venture Capital Loans \| Commercial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	28,792	625
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	2,321,666	2,222,097
Loans and leases HFI	2,322,261	2,222,097
Venture Capital Loans \| Commercial \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	2,293,469	2,221,472
Venture Capital Loans \| Finance Receivable Allowance \| Commercial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	28,792		163
Financing Receivable, Nonaccrual, Interest Income	0		0
Other Commercial
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Nonaccrual, No Allowance	466		5,483
Other Commercial \| Commercial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	1,642	2,510
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,500,002	3,803,011
Loans and leases HFI	3,501,388	3,804,099
Other Commercial \| Commercial \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,499,746	3,801,589
Other Commercial \| Finance Receivable Allowance \| Commercial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	1,176		4,254
Financing Receivable, Nonaccrual, Interest Income	0		0
Other Commercial \| No Finance Receivable Allowance
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Nonaccrual, Interest Income	6		0
Asset Based \| Commercial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,208,829	2,949,868
Loans and leases HFI	3,209,338	2,951,010
Financing Receivable, Nonaccrual, No Allowance	0		2,297
Asset Based \| Commercial \| Performing
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,209,338	$ 2,951,010
Asset Based \| Finance Receivable Allowance \| Commercial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual	0		1,343
Financing Receivable, Nonaccrual, Interest Income	0		0
Asset Based \| No Finance Receivable Allowance \| Commercial
Financing Receivable, Nonaccrual [Line Items]
Financing Receivable, Nonaccrual, Interest Income	$ 0		$ 0

Derivatives

3 Months Ended

Mar. 31, 2026

Derivatives [Abstract]

Derivatives

DERIVATIVES

We use derivative instruments and other risk management techniques to reduce our exposure to adverse fluctuations in interest rates and foreign currency exchange rates in accordance with our risk management policies and for certain loan clients to allow them to hedge the risk of rising interest rates and on their variable rate loans.

Our derivatives are carried at fair value and recorded in "Other assets" or "Accrued interest payable and other liabilities," as appropriate, in the consolidated balance sheets. On the date we enter into a derivative contract, the derivative is designated as a fair value hedge, cash flow hedge, or a hedge designation is not made as it is a customer-related transaction. When a derivative is designated as a fair value hedge or cash flow hedge, the Company performs an assessment at inception, and at least quarterly thereafter, to determine the effectiveness of the derivative in offsetting changes in the fair value or cash flows of the hedged items.

The following table presents the U.S. dollar notional amounts and fair values of our derivative instruments included in the consolidated balance sheets as of the dates indicated:


	March 31, 2026						December 31, 2025
	Notional		Fair Value				Notional		Fair Value
	Amount		Asset		Liability		Amount		Asset		Liability
	(In thousands)
Derivatives Designated as Cash Flow Hedges:
Interest rate swaps	$	680,000	$	319	$	1,838	$	300,000	$	—	$	4,043
Interest rate collars	1,000,000		45		—		1,000,000		—		22
Interest rate caps	380,000		5,454		—		—		—		—
Derivatives Not Designated as Hedging Instruments:
Interest rate contracts	148,798		4,154		4,106		150,652		4,124		4,079
Foreign exchange contracts	112,611		208		355		111,390		—		77
Equity warrant assets	13,435		3,363		—		14,086		3,437		—
Total contracts	$	2,334,844	$	13,543	$	6,299	$	1,576,128	$	7,561	$	8,221

Cash Flow Hedges

Cash flow hedges include interest rate swap contracts with an aggregate notional amount of $680.0 million, consisting of $300.0 million of pay-fixed, receive-floating and $380.0 million of forward-starting receive-fixed, pay-floating swaps. These contracts have terms of up to five years and mature at various dates through 2032. The Company entered into these swaps with institutional counterparties to hedge against variability in cash flows attributable to IRR on a portion of the Company’s borrowings and forecasted interest income on cash balances indexed to the interest on reserve balances rate. Cash flow hedges also included interest rate collars, which are option contracts designed to limit the Company's exposure to increases in short term interest rates while foregoing some of the upside if short term interest rates decrease significantly. The interest rate collars have notional amounts aggregating to $1.0 billion, with eighteen month terms, and maturing on October 31, 2026. These collars were entered into with institutional counterparties to hedge against variability in cash flows attributable to IRR on a portion of the Company's floating rate deposits. Additionally, cash flow hedges also included forward-starting purchased interest rate caps, which are option contracts designed to limit the Company's exposure to increases in short term interest rates. The interest rate caps have notional amounts aggregating to $380.0 million, with five year terms, and maturing in March 2032. These caps were entered into with institutional counterparties to hedge against variability in cash flows attributable to IRR on a portion of the Company's floating rate deposits.

The cash flow hedges were deemed highly effective at inception and as of March 31, 2026. For derivatives designated as cash flow hedges, the portion of changes in fair value considered to be highly effective is reported as a component of AOCI on the consolidated balance sheets until the related cash flows from the hedged items are recognized in earnings. As of March 31, 2026, the fair value of the cash flow hedges represented a net asset of $4.0 million, related to which a loss of $1.7 million (net of tax) was included in AOCI. The estimated amount to be reclassified in the next 12 months out of AOCI into earnings is $1.8 million.

Other Interest Rate Swaps, Foreign Exchange Contracts, and Equity Warrant Assets Not Designated for Hedge Accounting

The Company offers borrowers interest rate swaps under a "back-to-back" loan hedging program and offsets these "pay floating/receive fixed" contracts with borrowers with "receive floating/pay fixed" swaps with counterparty banks. The total notional balance of these offsetting hedging contracts was $148.8 million at March 31, 2026.

The Company has also hedged the IRR and foreign currency risk on €25.8 million of subordinated debt utilizing a cross-currency swap. Under the current terms of the swap, the Company receives three-month Euribor plus 205 basis points and pays a fixed rate of 5.92% with ultimate principal exchanged at maturity. For the quarter ended March 31, 2026, changes in fair value and fees recorded to "Noninterest income" in the consolidated statements of earnings were immaterial.

See "Note 11. Fair Value Measurements and Fair Value of Financial Instruments" for additional information regarding equity warrant assets.

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 185
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-185

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 184
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-184

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 181
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-181

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(5)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4H
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 15
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480960/815-15-50-3

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 183
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-183

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4K
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4K

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4I
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4I

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4F
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4F

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/815/tableOfContent

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-5

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C

Fair Value Measurements - Fair Value Measurements - Valuation Methodology and Unobservable Inputs for Level 3 Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 51,011	$ 52,691
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	26,592	4,042
Non Purchased Credit Impaired Loans and Leases
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	50,721	52,443
Non Purchased Credit Impaired Loans and Leases \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	26,592	$ 4,042
Discount From Appraisals \| Third party appraisals \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 26,592
Individually Evaluated Loans and Leases, Weight Average Rate	0.0775
Discount From Appraisals \| Minimum \| Third party appraisals \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans and Leases, Measurement Input	7.75%
Discount From Appraisals \| Maximum \| Third party appraisals \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans and Leases, Measurement Input	7.75%

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2026	Apr. 30, 2026
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2026
Document Transition Report	false
Entity File Number	001-35522
Entity Registrant Name	BANC OF CALIFORNIA, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	04-3639825
Entity Address, Address Line One	11611 San Vicente Boulevard, Suite 500
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90049
City Area Code	855
Local Phone Number	361-2262
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		153,724,787
Entity Central Index Key	0001169770
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BANC
Security Exchange Name	NYSE
Preferred Class A
Entity Listings [Line Items]
Title of 12(b) Security	perpetual preferred stock, Series F
Trading Symbol	BANC/PF
Security Exchange Name	NYSE

Segment Reporting Assets (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Segment Reporting [Abstract]

^[1]

$ 34,724,241

$ 34,797,442

[1]	Segment total assets is the same as total assets reported on the consolidated balance sheets.

Amount of asset recognized for present right to economic benefit.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 13: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 35: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Loans and Leases Held for Investment - Aging Analysis of Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	$ 345,129	$ 200,958
Loans held for investment, net	24,780,347	25,032,679	$ 24,126,527
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	24,435,218	24,831,721
30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	263,530	108,303
90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	81,599	92,655
Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	166,070	169,526
Loans held for investment, net	13,506,898	13,750,787	13,492,658
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	13,340,828	13,581,261
Real Estate Mortgage \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	85,004	77,704
Real Estate Mortgage \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	81,066	91,822
Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	173,612	26,540
Loans held for investment, net	1,892,329	1,947,627	2,861,038
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,718,717	1,921,087
Real Estate Construction and Land \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	173,612	26,540
Real Estate Construction and Land \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	0	0
Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	2,490	2,230
Loans held for investment, net	9,032,987	8,977,206	7,378,799
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	9,030,497	8,974,976
Commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	2,605	2,126
Commercial \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	(115)	104
Consumer
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	2,957	2,662
Loans held for investment, net	348,133	357,059	$ 394,032
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	345,176	354,397
Consumer \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	2,309	1,933
Consumer \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	648	729
Asset Based \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	509	1,142
Loans held for investment, net	3,209,338	2,951,010
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,208,829	2,949,868
Asset Based \| Commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	509	1,142
Asset Based \| Commercial \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	0	0
Venture Capital Loans \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	595	0
Loans held for investment, net	2,322,261	2,222,097
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	2,321,666	2,222,097
Venture Capital Loans \| Commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	595	0
Venture Capital Loans \| Commercial \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	0	0
Other Commercial \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	1,386	1,088
Loans held for investment, net	3,501,388	3,804,099
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,500,002	3,803,011
Other Commercial \| Commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	1,501	984
Other Commercial \| Commercial \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	(115)	104
Commercial Real Estate Construction Loan Receivable \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	32,925	0
Loans held for investment, net	364,575	379,387
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	331,650	379,387
Commercial Real Estate Construction Loan Receivable \| Real Estate Construction and Land \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	32,925	0
Commercial Real Estate Construction Loan Receivable \| Real Estate Construction and Land \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	0	0
Residential Real Estate Construction Financing Receivable \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	140,687	26,540
Loans held for investment, net	1,527,754	1,568,240
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,387,067	1,541,700
Residential Real Estate Construction Financing Receivable \| Real Estate Construction and Land \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	140,687	26,540
Residential Real Estate Construction Financing Receivable \| Real Estate Construction and Land \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	0	0
Commercial \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	51,886	57,004
Loans held for investment, net	4,093,386	4,314,637
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	4,041,500	4,257,633
Commercial \| Real Estate Mortgage \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	10,828	10,498
Commercial \| Real Estate Mortgage \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	41,058	46,506
Other Residential Real Estate \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	78,805	77,099
Loans held for investment, net	3,458,410	3,346,733
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,379,605	3,269,634
Other Residential Real Estate \| Real Estate Mortgage \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	41,333	34,319
Other Residential Real Estate \| Real Estate Mortgage \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	37,472	42,780
Multifamily \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investment Total Past Due	35,379	35,423
Loans held for investment, net	5,955,102	6,089,417
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	5,919,723	6,053,994
Multifamily \| Real Estate Mortgage \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
30-89 Days Past Due	32,843	32,887
Multifamily \| Real Estate Mortgage \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
90 or More Days Past Due	$ 2,536	$ 2,536

Earnings Per Share

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The following tables present the computations of basic and diluted net earnings per share by class of common stock for the periods indicated:


	Three Months Ended March 31, 2026

			Class B		Non-Voting
	Voting		Non-Voting		Common Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders	$	61,045	$	191	$	769	$	62,005
Less: Earnings allocated to unvested restricted stock (2)	(27)		—		—		(27)
Net earnings allocated to common and equivalent shares	$	61,018	$	191	$	769	$	61,978

Weighted average basic shares and unvested restricted
stock outstanding	152,494		477		1,921		154,892
Less: weighted average unvested restricted stock
outstanding	(71)		—		—		(71)
Weighted average basic shares outstanding	152,423		477		1,921		154,821

Basic earnings per share	$	0.40	$	0.40	$	0.40	$	0.40

Diluted Earnings Per Share: (3)
Net earnings available to common and equivalent stockholders	$	61,045	$	191	$	769	$	62,005
Reallocation of net earnings as a result of conversion of
NVCE to Voting Common	769		—		—		—
Reallocation of net earnings	7		(7)		1,487		—
Net earnings for diluted earnings per share	$	61,821	$	184	$	2,256	$	62,005

Weighted average diluted shares outstanding	154,502		477		5,853		160,832
Conversion of NVCE to Voting Common	5,853		—		—		—
Shares used in computation of diluted earnings per share	160,355		477		5,853		160,832

Diluted earnings per share	$	0.39	$	0.39	$	0.39	$	0.39

________________________

(1) Basic earnings per share is using the two-class method.

(2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

(3) Diluted earnings per share is using the treasury method.


	Three Months Ended March 31, 2025

			Class B		Non-Voting
	Voting		Non-Voting		Common Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders	$	40,963	$	123	$	2,535	$	43,621
Less: Earnings allocated to unvested restricted stock (2)	(47)		—		—		(47)
Net earnings allocated to common and equivalent shares	$	40,916	$	123	$	2,535	$	43,574

Weighted average basic shares and unvested restricted
stock outstanding	158,429		477		9,791		168,697
Less: weighted average unvested restricted stock
outstanding	(202)		—		—		(202)
Weighted average basic shares outstanding	158,227		477		9,791		168,495

Basic earnings per share	$	0.26	$	0.26	$	0.26	$	0.26

Diluted Earnings Per Share:(3)
Net earnings allocated to common and equivalent shares	$	40,963	$	123	$	2,535	$	43,621
Weighted average diluted shares outstanding	158,734		477		10,223		169,434
Diluted earnings per share	$	0.26	$	0.26	$	0.25	$	0.26

________________________

(1) Basic earnings per share is using the two-class method.

(2) Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

(3) Diluted earnings per share is using the treasury method.

The terms of each class of the Company’s capital stock are described in "Note 14. Stockholders’ Equity" to the accompanying consolidated financial statements.


	Three Months Ended March 31,

	2026	2025
	(In thousands)
Restricted stock awards and units	13	202
Warrants	—	18,902

Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended
Fair Value Measurements - Narrative (Details) - USD ($)	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
SBIC investments	$ 122,602,000	$ 121,072,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3	0
Borrowings - Credit-Link Notes	112,500,000
Other Borrowings, Fair Value Disclosure	111,250,000	113,634,000
Interest Expense, Operating	155,825,000	165,586,000	$ 174,291,000
Credit-linked notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured debt	2,100,000,000
Other Borrowings, Fair Value Disclosure	111,250,000	$ 113,634,000
Interest Expense, Operating	4,100,000		$ 4,500,000
Warrant
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	$ 1,100,000

Loans and Leases Held for Investment - Credit Risk Rating Categories for Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	$ 24,435,218	$ 24,831,721
Loans and leases HFI	24,780,347	25,032,679	$ 24,126,527
Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	13,340,828	13,581,261
Loans and leases HFI	13,506,898	13,750,787	13,492,658
Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,718,717	1,921,087
Loans and leases HFI	1,892,329	1,947,627	2,861,038
Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	9,030,497	8,974,976
Loans and leases HFI	9,032,987	8,977,206	7,378,799
Consumer
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	345,176	354,397
Loans and leases HFI	348,133	357,059	$ 394,032
Classified
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	842,834	800,330
Classified \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	578,223	522,193
Classified \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	32,925	55,810
Classified \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	230,379	220,722
Classified \| Consumer
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,307	1,605
Special Mention
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	688,659
Loans and leases HFI		458,683
Special Mention \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	201,794
Loans and leases HFI		343,284
Special Mention \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	363,100
Loans and leases HFI		10,714
Special Mention \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	118,758
Loans and leases HFI		99,446
Special Mention \| Consumer
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	5,007
Loans and leases HFI		5,239
Pass
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		23,773,666
Loans and leases HFI	23,248,854
Pass \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		12,885,310
Loans and leases HFI	12,726,881
Pass \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		1,881,103
Loans and leases HFI	1,496,304
Pass \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		8,657,038
Loans and leases HFI	8,683,850
Pass \| Consumer
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		350,215
Loans and leases HFI	341,819
Venture Capital Loans \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	2,321,666	2,222,097
Loans and leases HFI	2,322,261	2,222,097
Venture Capital Loans \| Classified \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	172,496	171,847
Venture Capital Loans \| Special Mention \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	103,592
Loans and leases HFI		64,577
Venture Capital Loans \| Pass \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		1,985,673
Loans and leases HFI	2,046,173
Other Commercial \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,500,002	3,803,011
Loans and leases HFI	3,501,388	3,804,099
Other Commercial \| Classified \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	22,410	12,143
Other Commercial \| Special Mention \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	4,374
Loans and leases HFI		27,689
Other Commercial \| Pass \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		3,764,267
Loans and leases HFI	3,474,604
Asset Based \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,208,829	2,949,868
Loans and leases HFI	3,209,338	2,951,010
Asset Based \| Classified \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	35,473	36,732
Asset Based \| Special Mention \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	10,792
Loans and leases HFI		7,180
Asset Based \| Pass \| Commercial
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		2,907,098
Loans and leases HFI	3,163,073
Commercial Real Estate Construction Loan Receivable \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	331,650	379,387
Loans and leases HFI	364,575	379,387
Commercial Real Estate Construction Loan Receivable \| Classified \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	32,925	52,828
Commercial Real Estate Construction Loan Receivable \| Special Mention \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	0
Loans and leases HFI		0
Commercial Real Estate Construction Loan Receivable \| Pass \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		326,559
Loans and leases HFI	331,650
Residential Real Estate Construction Financing Receivable \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	1,387,067	1,541,700
Loans and leases HFI	1,527,754	1,568,240
Residential Real Estate Construction Financing Receivable \| Classified \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	0	2,982
Residential Real Estate Construction Financing Receivable \| Special Mention \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	363,100
Loans and leases HFI		10,714
Residential Real Estate Construction Financing Receivable \| Pass \| Real Estate Construction and Land
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		1,554,544
Loans and leases HFI	1,164,654
Commercial \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	4,041,500	4,257,633
Loans and leases HFI	4,093,386	4,314,637
Commercial \| Classified \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	284,897	297,606
Commercial \| Special Mention \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	119,711
Loans and leases HFI		126,998
Commercial \| Pass \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		3,890,033
Loans and leases HFI	3,688,778
Other Residential Real Estate \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	3,379,605	3,269,634
Loans and leases HFI	3,458,410	3,346,733
Other Residential Real Estate \| Classified \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	53,587	58,202
Other Residential Real Estate \| Special Mention \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	0
Loans and leases HFI		0
Other Residential Real Estate \| Pass \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		3,288,531
Loans and leases HFI	3,404,823
Multifamily \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	5,919,723	6,053,994
Loans and leases HFI	5,955,102	6,089,417
Multifamily \| Classified \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	239,739	166,385
Multifamily \| Special Mention \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current	82,083
Loans and leases HFI		216,286
Multifamily \| Pass \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Current		5,706,746
Loans and leases HFI	$ 5,633,280
Non Purchased Credit Impaired Loans and Leases
Financing Receivable, Past Due [Line Items]
Loans and leases HFI		$ 25,032,679

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2026
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Certain of our executive officers and directors, and their related interests, are customers of, or have had transactions with, the Bank in the ordinary course of business, including deposits, loans, and other financial services-related transactions. From time to time, the Bank may make loans to executive officers and directors, and their related interests, in the ordinary course of business and on substantially the same terms and conditions, including interest rates and collateral, as those of comparable transactions with non-insiders prevailing at the time, in accordance with the Bank's underwriting guidelines, and do not involve more than the normal risk of collectability or present other unfavorable features. As of March 31, 2026, no related party loans were categorized as nonaccrual, past due, restructured, or potential problem loans. Transactions with Related Parties The Company and the Bank have engaged in the transaction described below with the Company's current directors, executive officers, and beneficial owners of more than five percent of the outstanding shares of the Company's voting common stock and certain persons related to them. The Company is a party to a services agreement with IntraFi Network LLC (“IntraFi”) whereby IntraFi provides the Bank with certain insured cash sweep services from time to time. Affiliates of funds managed by Warburg Pincus LLC hold a material investment interest in IntraFi. Additionally, one of Warburg Pincus LLC’s principals, Todd Schell, who currently serves as a member of the Board, is a member of the board of directors of IntraFi. Affiliates of funds managed by Warburg Pincus LLC beneficially owned approximately 4.48% of the Company’s outstanding voting common stock as of March 31, 2026. For the three months ended March 31, 2026 and 2025, the amounts paid to IntraFi for certain insured cash sweep services were $1.8 million in each period. During the first quarter of 2026, the Company repurchased 1,000,000 shares of its NVCE stock from the Warburg Investors. See "Note 14. Stockholders’ Equity" for additional information regarding this transaction.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Debt Securities, Held-to-maturity, Maturity [Abstract]

Investment Securities - Contractual Maturities of Securities Available-for-Sale (Details) $ in Thousands	Mar. 31, 2026 USD ($)
Schedule of Investments [Line Items]
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year	$ 0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years	110,123
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years	292,196
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years	2,455,584
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years	108,085
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years	279,336
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	2,268,911
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	2,857,903
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	2,656,332
Agency residential MBS
Schedule of Investments [Line Items]
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years	951,650
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years	0
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	811,661
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	951,650
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	811,661
Agency commercial MBS
Schedule of Investments [Line Items]
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years	40,235
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years	11,795
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years	40,150
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years	0
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	10,831
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	52,030
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	50,981
Agency residential CMOs
Schedule of Investments [Line Items]
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years	13,353
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years	1,109,505
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years	13,555
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	1,090,628
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	1,122,858
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	1,104,183
Corporate debt securities
Schedule of Investments [Line Items]
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years	69,888
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years	176,587
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years	67,935
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years	164,023
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	0
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	246,475
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	231,958
Private label residential CMOs
Schedule of Investments [Line Items]
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years	259,984
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years	0
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	233,184
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	259,984
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	233,184
Collateralized loan obligations
Schedule of Investments [Line Items]
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years	93,763
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years	106,543
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years	93,744
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	106,630
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	200,306
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	200,374
Private label commercial MBS
Schedule of Investments [Line Items]
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years	5,272
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years	3,470
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years	4,954
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	3,316
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	8,742
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	8,270
Asset-backed securities
Schedule of Investments [Line Items]
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years	12,637
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years	0
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	12,661
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	12,637
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	12,661
SBA securities
Schedule of Investments [Line Items]
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Five Years Through Ten Years	3,221
Contractual Maturities of Securities Available-for-Sale, Amortized Cost, Due After Ten Years	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due Within One Year Through Five Years	0
Contractual Maturities of Securities Available-for-Sale, Fair Value, Due After Five Years Through Ten Years	3,060
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	0
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	3,221
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	$ 3,060

Investment Securities - Securities Held-to-Maturity Contractual Maturities (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

$ 0

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five

230,370

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

1,068,311

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

1,015,562

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

225,848

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

1,024,214

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

976,938

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss, Total

2,227,000

^[1]

$ 2,246,526

^[2]

2,314,243

2,309,331

^[2]

Municipal securities

Debt Securities, Held-to-maturity, Maturity [Abstract]

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five

160,750

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

404,033

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

674,137

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

158,795

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

394,729

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

650,325

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss, Total

1,203,849

1,219,111

1,238,920

1,237,792

Debt Securities, Held-to-maturity, Maturity [Abstract]

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five

69,620

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

379,298

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

67,053

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

360,194

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss, Total

427,247

427,638

448,918

447,283

Debt Securities, Held-to-maturity, Maturity [Abstract]

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

37,421

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

324,251

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

36,235

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

312,240

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss, Total

348,475

350,776

361,672

360,382

U.S. Treasury securities

Debt Securities, Held-to-maturity, Maturity [Abstract]

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

193,784

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

184,111

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss, Total

184,111

193,784

193,022

Debt Securities, Held-to-maturity, Maturity [Abstract]

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Rolling after One through Five Years

53,775

Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10

17,174

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10

48,945

Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10

14,373

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, before Allowance for Credit Loss, Total

63,318

63,913

$ 70,949

$ 70,852

[1]	Excludes accrued interest receivable of $11.2 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheet
[2]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets

Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Certain Financial Instruments (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Interest-earning deposits in financial institutions

$ 214,120

$ 181,103

2,003,149

2,126,862

Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,857,903 and $2,646,414, respectively)

2,656,332

^[1]

2,454,058

^[2]

Securities available-for-sale, Carrying Amount

2,656,332

Securities held-to-maturity, at amortized cost, net of allowance for credit losses (fair value of $2,227,000 and $2,246,526, respectively)(ACL of $695 and $695, respectively)

2,313,548

^[3]

2,308,636

^[4]

Investment in FHLB stock, Carrying Amount

2,227,000

^[3]

2,246,526

^[4]

170,342

160,442

170,342

160,442

Loans HFS

259,049

182,936

259,429

183,083

Loans and leases, net

^[5]

24,538,747

24,787,067

23,526,921

23,871,794

1,082

Servicing Asset

16,968

17,480

Demand, interest checking, money market, and savings deposits

18,653

19,427

22,610,386

23,156,094

Time Deposits

4,711,748

4,687,263

Borrowings (including $111,250 and $113,634 at fair value, respectively)

4,699,767

4,684,099

2,551,250

2,063,819

2,552,604

2,069,076

Subordinated Debt Obligations, Fair Value Disclosure

954,072

952,740

934,399

934,819

Derivative Liability

4,461

4,156

Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Interest-earning deposits in financial institutions

214,120

181,103

2,003,149

2,126,862

Demand, interest checking, money market, and savings deposits

Subordinated Debt Obligations, Fair Value Disclosure

440,000

275,185

Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Interest-earning deposits in financial institutions

170,342

160,442

Demand, interest checking, money market, and savings deposits

259,429

183,083

22,610,386

23,156,094

4,699,767

4,684,099

Subordinated Debt Obligations, Fair Value Disclosure

2,001,354

1,680,257

934,399

934,819

Level 3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Interest-earning deposits in financial institutions

Warrants Not Settleable in Cash, Fair Value Disclosure

23,502,792

23,823,393

3,437

Demand, interest checking, money market, and savings deposits

Subordinated Debt Obligations, Fair Value Disclosure

111,250

113,634

Fair Value, Measurements, Recurring

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,857,903 and $2,646,414, respectively)

2,656,332

2,454,058

Warrants Not Settleable in Cash, Fair Value Disclosure

3,363

^[6]

3,437

Cash flow hedges in Cash, Fair Value Disclosure, Financial Asset

5,818

Cash flow hedges in Cash, Fair Value Disclosure, Liabilities

4,362

^[6]

4,124

1,838

4,065

Fair Value, Measurements, Recurring | Level 1

4,461

4,156

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,857,903 and $2,646,414, respectively)

184,111

185,088

Warrants Not Settleable in Cash, Fair Value Disclosure

1,082

Cash flow hedges in Cash, Fair Value Disclosure, Financial Asset

Cash flow hedges in Cash, Fair Value Disclosure, Liabilities

Fair Value, Measurements, Recurring | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,857,903 and $2,646,414, respectively)

2,654,082

2,451,688

2,038,915

2,057,189

Warrants Not Settleable in Cash, Fair Value Disclosure

Cash flow hedges in Cash, Fair Value Disclosure, Financial Asset

5,818

4,362

4,124

Cash flow hedges in Cash, Fair Value Disclosure, Liabilities

1,838

4,065

Fair Value, Measurements, Recurring | Level 3

4,461

4,156

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,857,903 and $2,646,414, respectively)

2,250

2,370

3,974

4,249

Warrants Not Settleable in Cash, Fair Value Disclosure

3,363

3,437

Cash flow hedges in Cash, Fair Value Disclosure, Financial Asset

Cash flow hedges in Cash, Fair Value Disclosure, Liabilities

18,653

19,427

NonPCI and PCI Loans | Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

NonPCI and PCI Loans | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Revenue From Contracts With Customers [Abstract]

$ 24,129

$ 48,401

[1]	Excludes accrued interest receivable of $12.3 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheets.
[2]	Excludes accrued interest receivable of $11.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.
[3]	Excludes accrued interest receivable of $11.2 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheet
[4]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets
[5]	Excludes accrued interest receivable of $106.2 million and $104.3 million at March 31, 2026 and December 31, 2025, respectively, which is recorded in "Other assets" on the consolidated balance sheets.
[6]	For information regarding derivative instruments, see "Note 9. Derivatives".

Revenue From Contracts With Customers

3 Months Ended

Mar. 31, 2026

Revenue from Contracts with Customers

REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue


	Three Months Ended March 31,
	2026				2025
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	407,442	$	—	$	406,655	$	—
Noninterest Income:
Service charges on deposit accounts	4,978		4,978		4,543		4,543
Commissions and fees	10,980		5,129		9,958		5,403
Leased equipment income	8,530		—		10,784		—
Gain on sale of loans	7		—		211		—

Dividends and gains on equity investments	2,002		—		2,323		—
Warrant income (loss)	938		—		(295)		—

Other income	7,893		1		6,126		246
Total noninterest income	35,328		10,108		33,650		10,192
Total Revenue	$	442,770	$	10,108	$	440,305	$	10,192

The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated:


	Three Months Ended March 31,
	2026		2025
	(In thousands)
Products and services transferred at a point in time	$	4,235	$	4,553
Products and services transferred over time	5,873		5,639
Total revenue from contracts with customers	$	10,108	$	10,192

Contract Balances

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers as of the dates indicated:


	March 31, 2026		December 31, 2025
	(In thousands)
Receivables, which are included in "Other assets"	$	1,766	$	2,147

Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	261	$	279

Contract liabilities relate to advance consideration received from customers for which revenue is recognized over the life of the contract. The change in contract liabilities for the three months ended March 31, 2026 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $18,000.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

Schedule of Occupancy Expense and Supplemental Cash Flow Information Related to Operating Leases

Leases (Tables)

3 Months Ended

Mar. 31, 2026

Leases [Abstract]

Our lease expense is a component of "Occupancy expense" on our consolidated statements of earnings. The following table presents the components of lease expense for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Operating lease expense:
Fixed costs	$	6,944	$	6,969
Variable costs	47		112
Short-term lease costs	252		235
Sublease income	(1,066)		(1,132)
Net lease expense	$	6,177	$	6,184

Schedule of Cash Flow, Supplemental Disclosures

The following table presents supplemental cash flow information related to leases for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,848	$	8,323
ROU assets obtained in exchange for lease obligations:
Operating leases	$	3,546	$	3,942

Schedule of Supplemental Balance Sheet Information Related to Operating Leases

The following table presents supplemental balance sheet and other information related to operating leases as of the dates indicated:


	March 31, 2026			December 31, 2025
	(Dollars in thousands)
Operating leases:
Operating lease ROU assets, net	$	97,034		$	99,205
Operating lease liabilities	$	117,416		$	120,587

Weighted average remaining lease term (in years)	5.6			5.8
Weighted average discount rate	3.80		%	3.79		%

Schedule of Maturities of Operating Leases

The following table presents the maturities of operating lease liabilities as of the date indicated:


	March 31, 2026
	(In thousands)
Period ending December 31,
2026	$	23,655
2027	26,089
2028	22,476
2029	17,918
2030	14,112
Thereafter	26,823
Total operating lease liabilities	131,073
Less: Imputed interest	(13,657)
Present value of operating lease liabilities	$	117,416

Schedule of Payments to be Received on Operating Leases

The following table presents the contractual rental payments to be received on operating leases as of the date indicated:


	March 31, 2026
	(In thousands)
Period ending December 31,
2026	$	22,514
2027	27,749
2028	26,830
2029	24,898
2030	18,246
Thereafter	27,737
Total undiscounted cash flows	$	147,974

Revenue From Contracts With Customers - Disaggregation of Revenue Based on Timing of Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Revenue From Contracts With Customers [Abstract]
Products and services transferred at a point in time	$ 4,235	$ 4,553
Products and services transferred over time	5,873	5,639
Total revenue from contracts with customers	$ 10,108	$ 10,192

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 8: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

3 Months Ended

Mar. 31, 2026

Goodwill and Other Intangible Assets, Net

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill represents the excess of purchase consideration over the fair value of identifiable net assets acquired in a business combination. Goodwill and other intangible assets with indefinite useful lives are not amortized but are assessed for impairment at least annually. The carrying amount of goodwill was $214.5 million as of March 31, 2026 and December 31, 2025. For additional information regarding the calculation of goodwill and other intangibles see "Note 1. Nature of Operations and Summary of Significant Accounting Policies - Goodwill and Other Intangible Assets" in Item 8 of the Form 10-K.

Our other intangible assets with definite lives are CDI and CRI. CDI and CRI are amortized on an accelerated basis over their respective estimated useful lives and reviewed for impairment at least quarterly. The amortization expense represents the estimated decline in the value of the underlying deposits or customer relationships acquired.

The following table presents the carrying amounts of CDI and CRI and the related accumulated amortization for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Gross Amount of CDI and CRI:
Balance, beginning and end of period	$	178,764	$	178,764


Accumulated Amortization:
Balance, beginning of period	(73,477)		(45,820)
Amortization expense	(6,196)		(7,007)

Balance, end of period	(79,673)		(52,827)
Net CDI and CRI, end of period	$	99,091	$	125,937

The following table presents the estimated aggregate future amortization expense for our current CDI and CRI as of the date indicated:


	March 31, 2026
	(In thousands)
Period ending December 31,
2026	$	18,216
2027	21,166
2028	17,920
2029	14,675
2030	11,430
Thereafter	15,684
Net CDI and CRI	$	99,091

Goodwill and Other Intangible Assets, Net - Other Intangible Assets Future Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
Aggregate amortization expense 2026	$ 18,216
Aggregate amortization expense 2027	21,166
Aggregate amortization expense 2028	17,920
Aggregate amortization expense 2029	14,675
Aggregate amortization expense 2030	11,430
Aggregate amortization expense, thereafter	15,684
Net CDI and CRI, end of period	$ 99,091	$ 125,937

Fair Value Option, Disclosures, Credit-linked Notes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Fair Value, Option, Quantitative Disclosures [Line Items]
Changes in Fair Value - Gains (Losses)	$ 94	$ 482
Changes in Fair Value - Other Comprehensive Income	$ (111)	$ 146

Fair Value Measurements - Quantitative Inputs and Assumptions Used for Equity Warrants (Details) - Fair Value, Measurements, Recurring - Level 3	3 Months Ended
	Mar. 31, 2026
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Warrants, Measurement Input, Remaining Life	29 days
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Warrants, Measurement Input, Remaining Life	4 years 11 months 26 days
Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Warrants, Measurement Input, Remaining Life	3 years 2 months 26 days
Measurement Input, Price Volatility \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility	0.235
Measurement Input, Price Volatility \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility	10.27
Measurement Input, Price Volatility \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility	0.247
Measurement Input, Risk Free Interest Rate \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility	0.037
Measurement Input, Risk Free Interest Rate \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility	0.039
Measurement Input, Risk Free Interest Rate \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility	0.038
Spread to 10 Year Treasury \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate Debt, Measurement Input	2.70%
Spread to 10 Year Treasury \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate Debt, Measurement Input	10.30%
Spread to 10 Year Treasury \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility	0.048
Measurement Input, Discount Rate \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate Debt, Measurement Input	7.00%
Measurement Input, Discount Rate \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate Debt, Measurement Input	14.60%
Measurement Input, Discount Rate \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility	0.092

Leases Leases - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Lease, Cost [Abstract]
Fixed costs	$ 6,944	$ 6,969
Variable costs	47	112
Short-term lease costs	252	235
Sublease income	(1,066)	(1,132)
Net lease expense	$ 6,177	$ 6,184

Loans and Leases Held for Investment - Payment Status of Loan Modifications (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	$ 291,367	$ 261,482
Current
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	289,092	252,226
30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	2,275	1,399
90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0	7,857
Commercial \| Asset Based
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	29,755	2,296
Commercial \| Asset Based \| Current
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	29,755	2,296
Commercial \| Asset Based \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0	0
Commercial \| Asset Based \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0	0
Commercial \| Venture Capital Loans
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	61,110	13,116
Commercial \| Venture Capital Loans \| Current
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	61,110	13,116
Commercial \| Venture Capital Loans \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0	0
Commercial \| Venture Capital Loans \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0	0
Commercial \| Other Commercial
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	1,184	4,645
Commercial \| Other Commercial \| Current
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	858	3,246
Commercial \| Other Commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	326	1,399
Commercial \| Other Commercial \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0	0
Consumer
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	247	8
Consumer \| Current
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	247	8
Consumer \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0	0
Consumer \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0	0
Residential Real Estate Construction Financing Receivable
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd		3,120
Residential Real Estate Construction Financing Receivable \| Current
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd		3,120
Residential Real Estate Construction Financing Receivable \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd		0
Residential Real Estate Construction Financing Receivable \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd		0
Commercial \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	154,326	193,956
Commercial \| Real Estate Mortgage \| Current
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	152,377	186,826
Commercial \| Real Estate Mortgage \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	1,949	0
Commercial \| Real Estate Mortgage \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0	7,130
Other Residential Real Estate \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	1,469	4,869
Other Residential Real Estate \| Real Estate Mortgage \| Current
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	1,469	4,142
Other Residential Real Estate \| Real Estate Mortgage \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0	0
Other Residential Real Estate \| Real Estate Mortgage \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0	$ 727
Multifamily \| Real Estate Mortgage
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	43,276
Multifamily \| Real Estate Mortgage \| Current
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	43,276
Multifamily \| Real Estate Mortgage \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	0
Multifamily \| Real Estate Mortgage \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Finance Receivable, Loan Restructuring and Refinancing, Payment Status qtd	$ 0

Loans and Leases Held for Investment - Modified Loans That Subsequently Defaulted (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Extended Maturity \| Three Months-Ended
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification		$ 1,399
Extended Maturity \| Other Commercial \| Three Months-Ended
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification		$ 1,399
Year-to-date
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	$ 195
Year-to-date \| Extended Maturity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	15
Commercial \| Other Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	195
Commercial \| Extended Maturity \| Other Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing Receivable, Excluding Accrued Interest, Modified, Increase (Decrease) from Modification	$ 15

Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

ASSETS:

Interest-earning deposits in financial institutions

$ 214,120

$ 181,103

2,003,149

2,126,862

Total cash, cash equivalents, and restricted cash

2,217,269

2,307,965

Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,857,903 and $2,646,414, respectively)

2,656,332

^[1]

2,454,058

^[2]

Securities held-to-maturity, at amortized cost, net of allowance for credit losses (fair value of $2,227,000 and $2,246,526, respectively)(ACL of $695 and $695, respectively)

2,313,548

^[3]

2,308,636

^[4]

FRB and FHLB stock, at cost

170,342

160,442

Total investment securities

5,140,222

4,923,136

Loans HFS

259,049

182,936

24,780,347

25,032,679

Total loans and leases HFI, net

(241,600)

(245,612)

^[5]

24,538,747

24,787,067

Equipment leased to others under operating leases

223,558

238,232

Premises and equipment, net

146,316

146,698

Bank owned life insurance

352,707

350,083

Goodwill

214,521

Intangible assets, net

99,091

105,287

Deferred tax asset, net

653,481

656,755

Other assets

879,280

884,762

Total assets

^[6]

34,724,241

34,797,442

LIABILITIES AND STOCKHOLDERS' EQUITY

Noninterest-bearing deposits

7,797,542

7,822,787

Interest-bearing deposits

19,524,592

20,020,570

Total deposits

27,322,134

27,843,357

Borrowings (including $111,250 and $113,634 at fair value, respectively)

2,551,250

2,063,819

Accrued interest payable and other liabilities

954,072

952,740

343,459

396,249

Total liabilities

31,170,915

31,256,165

Commitments and contingencies (Note 10)

Preferred stock

498,516

Common stock ($0.01 par value, 1563,784,724 shares issued and 153,722,123 outstanding at March 31, 2026; 155,039,018 shares issued and 149,963,520 outstanding at December 31, 2025)

1,538

1,500

Class B Non-voting common stock ($0.01 par value, 477,321 shares issued at March 31, 2025 and 477,321 share issued at December 31, 2024)

Additional paid-in capital

3,501,213

3,552,483

Retained deficit

(180,011)

(242,016)

Accumulated other comprehensive loss, net

(267,935)

(269,261)

Total stockholders' equity

3,553,326

3,541,277

Total liabilities and stockholders' equity

34,724,241

34,797,442

Nonvoting Common Stock

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-voting common stock equivalents ($0.01 par value, 9,790,600 shares issued at March 31, 2025 and 9,790,600 shares issued at December 31, 2024)

$ 0

$ 50

[1]	Excludes accrued interest receivable of $12.3 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheets.
[2]	Excludes accrued interest receivable of $11.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.
[3]	Excludes accrued interest receivable of $11.2 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheet
[4]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets
[5]	Excludes accrued interest receivable of $106.2 million and $104.3 million at March 31, 2026 and December 31, 2025, respectively, which is recorded in "Other assets" on the consolidated balance sheets.
[6]	Segment total assets is the same as total assets reported on the consolidated balance sheets.

Loans and Leases Held for Investment - Maturities of Leases Receivable (Details) $ in Thousands	Mar. 31, 2026 USD ($)
Sales-type and Direct Financing Leases, Lease Receivable, Rolling Maturity [Abstract]
2026	$ 48,781
2027	52,268
2028	39,255
2029	32,246
2030	7,308
Thereafter	3,828
Total undiscounted cash flows	183,686
Less: Unearned income	(19,294)
Present value of lease payments	$ 164,392

Leases - Supplemental Balance Sheet and Other Information (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Leases [Abstract]
Operating lease ROU assets, net	$ 97,034	$ 99,205
Operating leases:
Operating lease liabilities	$ 117,416	$ 120,587
Weighted average remaining lease term (in years)	5 years 7 months 6 days	5 years 9 months 18 days
Weighted average discount rate	3.80%	3.79%

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Statement of Comprehensive Income [Abstract]
Net earnings	$ 71,952	$ 77,391	$ 53,568
Other comprehensive income, net of tax:
Unrealized net holding (losses) gains on securities AFS arising during the period	(9,215)	15,671	38,470
Income tax benefit (expense) related to unrealized net holding gains arising during the period	2,553	(4,350)	(10,952)
Unrealized net holding (losses) gains on securities AFS, net of tax	(6,662)	11,321	27,518
Amortization of unrealized net loss on securities transferred from AFS to HTM	8,576	8,606	8,342
Income tax expense related to amortization of unrealized net loss on securities transferred from AFS to HTM	(2,376)	(2,377)	(2,378)
Amortization of unrealized net loss on securities transferred from AFS to HTM, net of tax	6,200	6,229	5,964
Change in fair value of credit-linked notes	(111)	(122)	146
Income tax benefit (expense) related to change in fair value of credit-linked notes	31	28	(42)
Change in fair value of credit-linked notes, net of tax	(80)	(94)	104
Unrealized gain (loss) on cash flow hedges arising during the period	2,584	408	(2,973)
Income tax (expense) benefit related to unrealized gain on cash flow hedges arising during the period	(716)	(108)	847
Unrealized gain (loss) on cash flow hedges, net of tax	1,868	300	(2,126)
Other comprehensive income, net of tax	1,326	17,756	31,460
Comprehensive income	$ 73,278	$ 95,147	$ 85,028

Borrowings and Subordinated Debt

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Borrowings and Subordinated Debentures

BORROWINGS AND SUBORDINATED DEBT

Borrowings

The following table summarizes our borrowings as of the dates indicated:


	March 31, 2026				December 31, 2025
			Weighted				Weighted

Borrowing Type	Balance		Average Rate		Balance		Average Rate
	(Dollars in thousands)
FHLB secured advances	$	2,000,000	3.91	%	$	1,710,185	3.90	%
Other short-term borrowings	440,000		3.68	%	240,000		3.69	%
Credit-linked notes	111,250		14.41	%	113,634		14.63	%
Total borrowings, net	$	2,551,250	4.33	%	$	2,063,819	4.47	%

The Bank has established secured and unsecured lines of credit under which it may borrow funds from time to time on a term or overnight basis from the FHLB, the FRBSF, and other financial institutions.

FHLB Secured Line of Credit. The Bank had secured financing capacity with the FHLB of $6.9 billion as of March 31, 2026, collateralized by a blanket lien on $10.1 billion of qualifying loans and $19.8 million of securities. As of March 31, 2026, there were $476.0 million in letters of credit pledged and a $2.0 billion balance outstanding. As of December 31, 2025, there were $514.1 million in letters of credit pledged and a $1.7 billion balance outstanding.

The following table presents the interest rates and maturity dates of FHLB secured advances as of the date indicated:


	March 31, 2026
					Maturity
FHLB Secured Advances	Balance		Rate		Date
	(Dollars in thousands)

Term advance	$	100,000	3.95	%	05/21/2026
Term advance	150,000		3.95	%	05/26/2026
Term advance	100,000		3.94	%	07/27/2026
Term advance	150,000		3.95	%	07/30/2026
Term advance (1)	150,000		4.59	%	06/26/2026
Term advance	100,000		3.79	%	02/01/2027
Term advance	100,000		3.79	%	03/01/2027
Term advance	100,000		3.78	%	04/01/2027
Term advance (1)	150,000		4.63	%	05/28/2027
Term advance (1)	150,000		4.63	%	06/03/2027
Term advance (1)	150,000		4.39	%	06/03/2027
Term advance	100,000		3.88	%	06/24/2027
Term advance (1)	500,000		3.18	%	09/18/2034
Total FHLB secured advances	$	2,000,000	3.91	%

___________________

(1) Represents FHLB term advances that include a put feature, which allows the FHLB to terminate the advance before its scheduled maturity date.

FRBSF Secured Line of Credit. The Bank has a secured line of credit with the FRBSF. As of March 31, 2026, the Bank had secured borrowing capacity of $5.3 billion collateralized by liens covering $5.0 billion of qualifying loans and $1.4 billion of securities. As of March 31, 2026 and December 31, 2025, there were no balances outstanding.

Holding Company Line of Credit Arrangement. As of March 31, 2026, we have a $100.0 million unsecured revolving line of credit available. The rate is based on 1-month SOFR plus a spread of 2.25% basis points. As of March 31, 2026 and December 31, 2025, there was no balance outstanding.

Credit-Linked Notes. On September 29, 2022, legacy Pacific Western Bank completed a credit-linked notes transaction. The notes were issued in five classes, each with an interest rate of SOFR plus a spread that ranges from 8.00% to 13.25%, with a weighted average spread of 10.75% at March 31, 2026. The notes are linked to the credit risk of an approximately $2.1 billion reference pool of previously purchased SFR mortgage loans at March 31, 2026. The notes are due June 27, 2052. Principal payments on the notes are based only on principal that is actually collected on these loans. The notes are reported at fair value of $111.3 million at March 31, 2026. See "Note 2. Restricted Cash" for information regarding the collateral for the notes and "Note 11. Fair Value Measurements and Fair Value of Financial Instruments" for additional information.

Other Short-Term Borrowing Arrangements. As of March 31, 2026, the Bank had credit limits of $215.0 million in the aggregate with several commercial banks, as well as borrowing arrangements with unaffiliated financial institutions that provide for the purchase of overnight funds and other short-term borrowings. The availability of these unsecured borrowings fluctuates regularly and is subject to the discretion of the counterparties. These lines are renewable annually and have no unused commitment fees. As of March 31, 2026 $440.0 million was outstanding under these arrangements compared to $240.0 million outstanding as of December 31, 2025.

Subordinated Debt

The following table summarizes the terms of each issuance of subordinated debt outstanding as of the dates indicated:


	March 31, 2026				December 31, 2025				Date	Maturity	Rate Index
Series	Balance		Rate (1)		Balance		Rate (1)		Issued	Date	(Quarterly Reset)
	(Dollars in thousands)
Subordinated notes, net (2)(3)	$	381,877	3.25	%	$	381,737	3.25	%	04/30/2021	05/01/2031	Fixed rate
Subordinated notes (4)	75,000		7.86	%	75,000		8.05	%	10/30/2020	10/30/2030	3-month Term SOFR + 4.195%
Trust V	10,310		7.04	%	10,310		7.07	%	08/15/2003	09/17/2033	3-month Term SOFR + 3.10
Trust VI	10,310		6.99	%	10,310		7.03	%	09/03/2003	09/15/2033	3-month Term SOFR + 3.05
Trust CII	5,155		6.89	%	5,155		6.92	%	09/17/2003	09/17/2033	3-month Term SOFR + 2.95
Trust VII	61,856		6.68	%	61,856		6.85	%	02/05/2004	04/23/2034	3-month Term SOFR + 2.75
Trust CIII	20,619		5.63	%	20,619		5.67	%	08/15/2005	09/15/2035	3-month Term SOFR + 1.69
Trust FCCI	16,495		5.54	%	16,495		5.58	%	01/25/2007	03/15/2037	3-month Term SOFR + 1.60
Trust FCBI	10,310		5.49	%	10,310		5.53	%	09/30/2005	12/15/2035	3-month Term SOFR + 1.55
Trust CS 2005-1	82,475		5.89	%	82,475		5.93	%	11/21/2005	12/15/2035	3-month Term SOFR + 1.95
Trust CS 2005-2	128,866		5.88	%	128,866		6.05	%	12/14/2005	01/30/2036	3-month Term SOFR + 1.95
Trust CS 2006-1	51,545		8.70	%	51,545		9.20	%	02/22/2006	04/30/2036	Prime + 1.95
Trust CS 2006-2	51,550		5.88	%	51,550		6.05	%	09/27/2006	10/30/2036	3-month Term SOFR + 1.95
Trust CS 2006-3 (5)	29,778		4.08	%	30,275		4.12	%	09/29/2006	10/30/2036	3-month EURIBOR + 2.05
Trust CS 2006-4	16,470		8.70	%	16,470		9.20	%	12/05/2006	01/30/2037	Prime + 1.95
Trust CS 2006-5	6,650		5.88	%	6,650		6.05	%	12/19/2006	01/30/2037	3-month Term SOFR + 1.95
Trust CS 2007-2	39,177		5.88	%	39,177		6.05	%	06/13/2007	07/30/2037	3-month Term SOFR + 1.95
PMB Statutory Trust III	7,217		7.37	%	7,217		7.35	%	09/16/2002	09/26/2032	3-month Term SOFR + 3.40
PMB Capital Trust III	10,310		5.93	%	10,310		6.15	%	10/04/2004	10/08/2034	3-month Term SOFR + 2.00
Total subordinated debt	1,015,970		5.24	%	1,016,327		5.35	%
Acquisition discount (6)	(61,898)				(63,587)
Total subordinated debt, net	$	954,072			$	952,740

___________________

(1) Rates do not include the effects of discounts and issuance costs.

(2) Net of unamortized issuance costs of $3.1 million at March 31, 2026 and $3.3 million at December 31, 2025.

(4) Interest rate was fixed at 4.375% until October 30, 2025, when it changed to a floating rate equal to 3-month Term SOFR, plus a spread of 419.5 basis points.

(5) Denomination is in Euros with a value of €25.8 million

(6) Amount represents the fair value adjustment on subordinated debt assumed in acquisitions.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Borrowings and Subordinated Debt - FHLB Secured Advances (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

4.33%

4.47%

Federal Home Loan Bank of San Francisco | Secured Debt

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 2,000,000

$ 1,710,185

3.91%

3.90%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than One Day but Less Than Three Months (3)

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 100,000

3.95%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) | Advance No. 1

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

^[1]

$ 150,000

4.59%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) | Advance No. 2

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 100,000

3.79%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) | Advance No. 3

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 100,000

3.79%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) | Advance No. 4

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 100,000

3.78%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) | Advance due 05/26/2026

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 150,000

3.95%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) | Advance due 07/27/2026

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 100,000

3.94%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Eighteen (18) Months but Less Than Twenty-Four Months (24) | Advance due 07/30/2026

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 150,000

3.95%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Twenty-Four (24) Months but Less Than Thirty-Six Months (36) | Advance No. 5

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

^[1]

$ 150,000

4.63%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Twenty-Four (24) Months but Less Than Thirty-Six Months (36) | Advance No. 6

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

^[1]

$ 150,000

4.63%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Twenty-Four (24) Months but Less Than Thirty-Six Months (36) | Advance No. 7

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

^[1]

$ 150,000

4.39%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Twenty-Four (24) Months but Less Than Thirty-Six Months (36) | Advance No. 8

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 100,000

3.88%

Federal Home Loan Bank of San Francisco | Secured Debt | More Than Nine Years but Less Than Ten Years

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

^[1]

$ 500,000

3.18%

[1]	Represents FHLB term advances that include a put feature, which allows the FHLB to terminate the advance before its scheduled maturity date.

Commitments and Contingencies - Summary of Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Loan commitments to extend credit	$ 5,549,325	$ 5,433,357
Standby letters of credit	255,845	244,895
Total	$ 5,805,170	$ 5,678,252

Other Assets

3 Months Ended

Mar. 31, 2026

Other Assets [Abstract]

Other Assets

OTHER ASSETS

The following table presents the detail of our other assets as of the dates indicated:


Other Assets	March 31, 2026		December 31, 2025
	(In thousands)
Investments:
LIHTC investments	$	249,237	$	259,780
SBIC investments	122,602		121,072
Alternative energy partnerships (HLBV investments)	16,219		16,354
Other equity and CRA investments	155,060		150,048
Total investments	543,118		547,254
Interest receivable	134,032		131,429
Operating lease ROU assets, net (1)	97,034		99,205
Prepaid expenses	32,993		33,829
Taxes receivable	—		8,385
Foreclosed assets, net	18,055		17,115
Equity warrants (2)	3,363		3,437
Other receivables/assets	50,685		44,108
Total other assets	$	879,280	$	884,762

____________________

(1) See "Note 7. Leases" for further details regarding the operating lease ROU assets.

(2) See "Note 11. Fair Value Measurements and Fair Value of Financial Instruments" for information regarding equity warrants.

Revenue From Contracts With Customers - Interest Income and Noninterest Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Disaggregation of Revenue [Line Items]
Total interest income	$ 407,442	$ 416,948	$ 406,655
Service charges on deposit accounts	4,978	5,038	4,543
Other commissions and fees	10,980	9,524	9,958
Leased equipment income	8,530	16,381	10,784
Gain on sale of loans and leases	7	18	211
Dividends and Gains (Losses) on Equity Investments	2,002		2,323
Warrant income (loss)	938	361	(295)
LOCOM HFS adjustment	3		0
Other income	7,893	6,757	6,126
Total noninterest income	35,328	$ 41,571	33,650
Revenues	442,770		440,305
Service charges on deposit accounts	10,108		10,192
Interest Income
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	0		0
Service charges on deposit accounts
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	4,978		4,543
Other commissions and fees
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	5,129		5,403
Leased equipment income
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	0		0
Gain on sale of loans
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	0		0
Dividends and Gains (Losses) on Equity Investments
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	0		0
Warranty Income
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	0		0
Other income
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	1		246
Noninterest Income
Disaggregation of Revenue [Line Items]
Service charges on deposit accounts	$ 10,108		$ 10,192

Segment Reporting

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

The Company provides banking and treasury management services to small, middle-market, and venture-backed businesses. The principal business activities of the Company are gathering deposits, originating and servicing loans and leases, and investing in investment securities. The Company's CODM is the Chief Executive Officer.

The Company operates as one reportable segment, Commercial Banking, based on how the CODM manages the business activities. The CODM uses net earnings to evaluate income generated from segment assets, assess performance, decide how to allocate resources, determine dividend availability, establish management's compensation, and guide other strategic decisions. The accounting policies of the Commercial Banking segment are the same as those described in "Note 1. Nature of Operations and Summary of Significant Accounting Policies" in our Form 10-K. Additionally, the Company does not have intra-entity sales or transfers.

Since the Company operates as a single reportable segment and is managed on a consolidated basis, the consolidated statements of earnings reflect the segment results. Therefore, a separate segment income statement is not presented. The Company has reviewed the information provided to the CODM and determined that no further disaggregated expense disclosures are necessary beyond those in the consolidated statements of earnings.

The following presents our operating segment balance sheet information and the reconciliation of segment assets to consolidated total assets as of the dates indicated:


Balance Sheet Data
Commercial Banking Segment	March 31, 2026		December 31, 2025
	(In thousands)







Segment total assets (1)	$	34,724,241	$	34,797,442

_________________________

(1) Segment total assets is the same as total assets reported on the consolidated balance sheets.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reconciliation of Assets from Segment to Consolidated

Loans and Leases Held for Investment - Allowance for Loan and Lease Losses and Reserve for Unfunded Loan Commitments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025	Dec. 31, 2024
Receivables [Abstract]
Reserve for Unfunded Loan Commitments, Balance, beginning of period	$ 34,921	$ 29,071
Allowance for Credit Losses, Balance, beginning of period	280,533	268,431
Reserve for Unfunded Loan Commitments, Charge-offs	0	0
Allowance for Credit Losses, Charge-offs	(16,097)	(16,551)
Reserve for Unfunded Loan Commitments, Recoveries	0	0
Allowance for Credit Losses, Recoveries	2,285	2,477
Reserve for Unfunded Loan Commitments, Net charge-offs	0	0
Allowance For Credit Losses, Net charge-offs	(13,812)	(14,074)
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	9,800	9,700
Provision for Loan, Leases and Unfunded Loan Commitments	9,800	10,200
Reserve for Unfunded Commitments, Provision (negative provision)	0	500
Reserve for Unfunded Loan Commitments, Balance, end of period	34,921	29,571
Allowance for Credit Losses, Balance, end of period	276,521	264,557
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	241,600	234,986	$ 245,612	$ 239,360
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(13,812)	(14,074)
Financing Receivable, Allowance for Receivable Charge-offs and Recoveries [Line Items]
Allowance for Credit Losses, Recoveries	2,285	2,477
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	13,812	14,074
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	241,600	234,986	245,612	239,360
Allowance for Credit Losses, Charge-offs	16,097	16,551
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	9,800	9,700
Real Estate Mortgage
Receivables [Abstract]
Allowance for Credit Losses, Charge-offs	(5,374)	(5,789)
Allowance for Credit Losses, Recoveries	802	311
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	1,315	(10,160)
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	131,514	130,116	137,401	145,754
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(4,572)	(5,478)
Financing Receivable, Allowance for Receivable Charge-offs and Recoveries [Line Items]
Allowance for Credit Losses, Recoveries	802	311
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	4,572	5,478
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	131,514	130,116	137,401	145,754
Allowance for Credit Losses, Charge-offs	5,374	5,789
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	1,315	(10,160)
Real Estate Construction and Land
Receivables [Abstract]
Allowance for Credit Losses, Charge-offs	(8,077)	0
Allowance for Credit Losses, Recoveries	0	0
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	9,623	3,184
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	10,395	14,124	8,849	10,940
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(8,077)	0
Financing Receivable, Allowance for Receivable Charge-offs and Recoveries [Line Items]
Allowance for Credit Losses, Recoveries	0	0
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	8,077	0
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	10,395	14,124	8,849	10,940
Allowance for Credit Losses, Charge-offs	8,077	0
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	9,623	3,184
Commercial
Receivables [Abstract]
Allowance for Credit Losses, Charge-offs	(1,737)	(9,582)
Allowance for Credit Losses, Recoveries	1,307	2,104
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	1,158	15,634
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	86,815	75,989	86,087	67,833
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(430)	(7,478)
Financing Receivable, Allowance for Receivable Charge-offs and Recoveries [Line Items]
Allowance for Credit Losses, Recoveries	1,307	2,104
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	430	7,478
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	86,815	75,989	86,087	67,833
Allowance for Credit Losses, Charge-offs	1,737	9,582
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	1,158	15,634
Consumer
Receivables [Abstract]
Allowance for Credit Losses, Charge-offs	(909)	(1,180)
Allowance for Credit Losses, Recoveries	176	62
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	334	1,042
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	12,876	14,757	13,275	14,833
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	(733)	(1,118)
Financing Receivable, Allowance for Receivable Charge-offs and Recoveries [Line Items]
Allowance for Credit Losses, Recoveries	176	62
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery	733	1,118
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	12,876	14,757	$ 13,275	$ 14,833
Allowance for Credit Losses, Charge-offs	909	1,180
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	$ 334	$ 1,042

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

The following presents our operating segment balance sheet information and the reconciliation of segment assets to consolidated total assets as of the dates indicated:


Balance Sheet Data
Commercial Banking Segment	March 31, 2026		December 31, 2025
	(In thousands)







Segment total assets (1)	$	34,724,241	$	34,797,442

_________________________

(1) Segment total assets is the same as total assets reported on the consolidated balance sheets.

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments disclosure

The following table presents a summary of commitments described below as of the dates indicated:


	March 31, 2026		December 31, 2025
	(In thousands)
Loan commitments to extend credit	$	5,549,325	$	5,433,357
Standby letters of credit	255,845		244,895
Total	$	5,805,170	$	5,678,252

Borrowings and Subordinated Debt - Subordinated Debentures (Details)
$ in Thousands, € in Millions

3 Months Ended

Mar. 31, 2026

USD ($)

Rate

Dec. 31, 2025

USD ($)

Mar. 31, 2026

EUR (€)

Subordinated Debentures, Gross

$ 1,015,970

$ 1,016,327

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 954,072

$ 952,740

4.33%

4.47%

4.33%

Debt Issuance Costs, Gross

$ (3,100)

$ (3,300)

Subordinated Debt Trust V Due September 2033

Subordinated Debt Trust VI Due September 2033

3.10%

Subordinated Debt Trust CII Due September 2033

3.05%

Subordinated Debt Trust VII Due April 2034

2.95%

Subordinated Debt Trust CIII Due September 2035

2.75%

Subordinated Debt Trust FCCI Due March 2037

1.69%

Subordinated Debt Trust FCBI Due December 2035

1.60%

Trust Preferred Securities Two Thousand Five Series One

1.55%

Trust Preferred Securities Two Thousand Five Series Two

1.95%

Two Thousand Six One Term Debt Securitization

1.95%

Two Thousand Six Two Term Debt Securitization

1.95%

Trust Preferred Securities Two Thousand Six Series Three

1.95%

Trust Preferred Securities Two Thousand Six Series Four

2.05%

Denomination value | €

€ 25.8

Trust Preferred Securities Two Thousand Six Series Five

1.95%

Two Thousand Seven One Term Debt Securitization

1.95%

1.95%

PMB Statutory Trust III

3.40%

PMB CapitalTrust III

2.00%

Subordinated Notes

4.195%

437.50%

Subordinated Debentures

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

Unamortized discount

^[1]

$ (61,898)

$ (63,587)

5.24%

^[2]

5.35%

5.24%

^[2]

Subordinated Debentures | Subordinated Debt Trust V Due September 2033

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 10,310

7.04%

^[2]

7.07%

7.04%

^[2]

Subordinated Debentures | Subordinated Debt Trust VI Due September 2033

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 10,310

6.99%

^[2]

7.03%

6.99%

^[2]

Subordinated Debentures | Subordinated Debt Trust CII Due September 2033

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 5,155

6.89%

^[2]

6.92%

6.89%

^[2]

Subordinated Debentures | Subordinated Debt Trust VII Due April 2034

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 61,856

6.68%

^[2]

6.85%

6.68%

^[2]

Subordinated Debentures | Subordinated Debt Trust CIII Due September 2035

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 20,619

5.63%

^[2]

5.67%

5.63%

^[2]

Subordinated Debentures | Subordinated Debt Trust FCCI Due March 2037

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 16,495

5.54%

^[2]

5.58%

5.54%

^[2]

Subordinated Debentures | Subordinated Debt Trust FCBI Due December 2035

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 10,310

5.49%

^[2]

5.53%

5.49%

^[2]

Subordinated Debentures | Trust Preferred Securities Two Thousand Five Series One

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 82,475

5.89%

^[2]

5.93%

5.89%

^[2]

Subordinated Debentures | Trust Preferred Securities Two Thousand Five Series Two

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 128,866

5.88%

^[2]

6.05%

5.88%

^[2]

Subordinated Debentures | Two Thousand Six One Term Debt Securitization

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 51,545

8.70%

^[2]

9.20%

8.70%

^[2]

Subordinated Debentures | Two Thousand Six Two Term Debt Securitization

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 51,550

5.88%

^[2]

6.05%

5.88%

^[2]

Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Three

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

^[3]

$ 29,778

$ 30,275

4.08%

^[2]

4.12%

4.08%

^[2]

Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Four

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 16,470

8.70%

^[2]

9.20%

8.70%

^[2]

Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Five

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 6,650

5.88%

^[2]

6.05%

5.88%

^[2]

Subordinated Debentures | Two Thousand Seven One Term Debt Securitization

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 39,177

5.88%

^[2]

6.05%

5.88%

^[2]

Subordinated Debentures | Subordinated notes due May 2031

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

^[4]

$ 381,877

$ 381,737

^[2],[5]

3.25%

Subordinated Debentures | Subordinated Notes Due October 30, 2030

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 75,000

^[2],[6]

7.86%

8.05%

7.86%

Rate Index (Quarterly Reset) | Rate

4.195%

Subordinated Debentures | PMB Statutory Trust III

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 7,217

7.37%

7.35%

7.37%

Subordinated Debentures | PMB CapitalTrust III

Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate

$ 10,310

5.93%

^[2]

6.15%

5.93%

^[2]

[1]	Amount represents the fair value adjustment on subordinated debt assumed in acquisitions.
[2]	Rates do not include the effects of discounts and issuance costs.
[3]	Denomination is in Euros with a value of €25.8 million
[4]	Net of unamortized issuance costs of $3.1 million at March 31, 2026 and $3.3 million at December 31, 2025.
[5]	The subordinated notes, which were issued at the Bank level rather than the holding company level, carried a fixed interest rate until May 1, 2026. On that date, the Company redeemed the outstanding principal amount of $385 million. The balance reflected in the table above differs from the redemption amount due to the carrying value of the subordinated notes, which includes the impact of unamortized debt issuance discount at the reporting date. For more information see “Note 17. Subsequent Events” in Item 1 of this Form 10‑Q.
[6]	Interest rate was fixed at 4.375% until October 30, 2025, when it changed to a floating rate equal to 3-month Term SOFR, plus a spread of 419.5 basis points.

Loans and Leases Held for Investment - Collateral Dependent Loans Held for Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral-dependent Finance Receivable	$ 156,275	$ 155,858
Real Estate Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral-dependent Finance Receivable	156,275	155,233
Commercial \| Asset Based
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral-dependent Finance Receivable	0	625
Real Estate Properties [Domain]
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral-dependent Finance Receivable	156,275	155,233
Real Estate Properties [Domain] \| Real Estate Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral-dependent Finance Receivable	156,275	155,233
Real Estate Properties [Domain] \| Commercial \| Asset Based
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral-dependent Finance Receivable	$ 0	0
Business Assets [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral-dependent Finance Receivable		625
Business Assets [Member] \| Real Estate Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral-dependent Finance Receivable		0
Business Assets [Member] \| Commercial \| Asset Based
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral-dependent Finance Receivable		$ 625

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (d)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-15

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-5

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-15

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (b)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-12

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-15

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-15

Reference 21: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-15

Reference 22: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 29
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-29

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 79
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-79

Loans and Leases Held for Investment

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Reserve for Unfunded Loan Commitments	$ 34,921	$ 34,921	$ 29,571	$ 29,071
Commitment to contribute capital	$ 118,200	$ 122,100

Loans and Leases Held for Investment

3 Months Ended

Mar. 31, 2026

Receivables [Abstract]

LOANS AND LEASES HELD FOR INVESTMENT

Our loans are carried at the principal amount outstanding, net of deferred fees and costs, and in the case of acquired and purchased loans, net of purchase discounts and premiums. Deferred fees and costs and purchase discounts and premiums on acquired loans are recognized as an adjustment to interest income over the contractual life of the loans primarily using the effective interest method or taken into income when the related loans are paid off or included in the carrying amount of loans that are sold.

Loans and Leases Held for Investment

The following table summarizes the composition of our loans and leases HFI as of the dates indicated:


	March 31, 2026		December 31, 2025
	(In thousands)
Real estate mortgage	$	13,584,489	$	13,846,097
Real estate construction and land (1)	1,903,999		1,959,591
Commercial	9,048,610		8,994,466
Consumer	346,015		355,333
Total gross loans and leases HFI	24,883,113		25,155,487
Unearned discounts, net (2)	(67,640)		(86,061)
Deferred fees, net	(35,126)		(36,747)
Total loans and leases HFI	24,780,347		25,032,679
Allowance for loan and lease losses	(241,600)		(245,612)
Total loans and leases HFI, net (3)	$	24,538,747	$	24,787,067

____________________

(1) Includes land and acquisition and development loans of $217.8 million and $214.5 million at March 31, 2026 and December 31, 2025.

(2) Represents net acquisition discounts of $143.0 million and net purchase premiums of $75.4 million at March 31, 2026, and net acquisition discounts of $158.5 million and net purchase premiums of $72.4 million at December 31, 2025.

(3) Excludes accrued interest receivable of $106.2 million and $104.3 million at March 31, 2026 and December 31, 2025, respectively, which is recorded in "Other assets" on the consolidated balance sheets.

The following tables present an aging analysis of our loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	March 31, 2026
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,828	$	41,058	$	51,886	$	4,041,500	$	4,093,386
Multi-family	32,843		2,536		35,379		5,919,723		5,955,102
Other residential	41,333		37,472		78,805		3,379,605		3,458,410
Total real estate mortgage	85,004		81,066		166,070		13,340,828		13,506,898
Real estate construction and land:
Commercial	32,925		—		32,925		331,650		364,575
Residential	140,687		—		140,687		1,387,067		1,527,754
Total real estate construction and land	173,612		—		173,612		1,718,717		1,892,329
Commercial:
Asset-based	509		—		509		3,208,829		3,209,338
Venture capital	595		—		595		2,321,666		2,322,261
Other commercial (1)	1,501		(115)		1,386		3,500,002		3,501,388
Total commercial	2,605		(115)		2,490		9,030,497		9,032,987
Consumer	2,309		648		2,957		345,176		348,133
Total	$	263,530	$	81,599	$	345,129	$	24,435,218	$	24,780,347

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


	December 31, 2025
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,498	$	46,506	$	57,004	$	4,257,633	$	4,314,637
Multi-family	32,887		2,536		35,423		6,053,994		6,089,417
Other residential	34,319		42,780		77,099		3,269,634		3,346,733
Total real estate mortgage	77,704		91,822		169,526		13,581,261		13,750,787
Real estate construction and land:
Commercial	—		—		—		379,387		379,387
Residential	26,540		—		26,540		1,541,700		1,568,240
Total real estate construction and land	26,540		—		26,540		1,921,087		1,947,627
Commercial:
Asset-based	1,142		—		1,142		2,949,868		2,951,010
Venture capital	—		—		—		2,222,097		2,222,097
Other commercial	984		104		1,088		3,803,011		3,804,099
Total commercial	2,126		104		2,230		8,974,976		8,977,206
Consumer	1,933		729		2,662		354,397		357,059
Total	$	108,303	$	92,655	$	200,958	$	24,831,721	$	25,032,679

Our policy is to discontinue accruing interest when principal or interest payments are past due 90 days or more, unless the loan is both well secured and in the process of collection, or when collectability is otherwise in doubt in the normal course of business. Interest income on nonaccrual loans is recognized only as cash is received and when the loan's principal balance is deemed collectible.

The following table presents our nonaccrual and performing loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	March 31, 2026						December 31, 2025
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	87,548	$	4,005,838	$	4,093,386	$	93,334	$	4,221,303	$	4,314,637
Multi-family	13,200		5,941,902		5,955,102		3,358		6,086,059		6,089,417
Other residential	53,489		3,404,921		3,458,410		57,984		3,288,749		3,346,733
Total real estate mortgage	154,237		13,352,661		13,506,898		154,676		13,596,111		13,750,787
Real estate construction and land:
Commercial	—		364,575		364,575		—		379,387		379,387
Residential	—		1,527,754		1,527,754		—		1,568,240		1,568,240
Total real estate construction and land	—		1,892,329		1,892,329		—		1,947,627		1,947,627
Commercial:
Asset-based	—		3,209,338		3,209,338		—		2,951,010		2,951,010
Venture capital	28,792		2,293,469		2,322,261		625		2,221,472		2,222,097
Other commercial	1,642		3,499,746		3,501,388		2,510		3,801,589		3,804,099
Total commercial	30,434		9,002,553		9,032,987		3,135		8,974,071		8,977,206
Consumer	1,063		347,070		348,133		1,357		355,702		357,059
Total	$	185,734	$	24,594,613	$	24,780,347	$	159,168	$	24,873,511	$	25,032,679

At March 31, 2026, nonaccrual loans and leases included $81.6 million of loans and leases 90 or more days past due, $28.4 million of loans 30 to 89 days past due, and $75.7 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability. At December 31, 2025, nonaccrual loans and leases included $92.7 million of loans and leases 90 or more days past due, $15.3 million of loans 30 to 89 days past due, and $51.2 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability. As of March 31, 2026, a few of our largest loan relationships on nonaccrual status had an aggregate carrying value of $62.9 million and represented 34% of total nonaccrual loans and leases.

The following tables present the credit risk rating categories for loans and leases HFI by loan portfolio segment and class as of the dates indicated. Classified loans and leases are those with a credit risk rating of either substandard or doubtful.


	March 31, 2026
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	284,897	$	119,711	$	3,688,778	$	4,093,386
Multi-family	239,739		82,083		5,633,280		5,955,102
Other residential	53,587		—		3,404,823		3,458,410
Total real estate mortgage	578,223		201,794		12,726,881		13,506,898
Real estate construction and land:
Commercial	32,925		—		331,650		364,575
Residential	—		363,100		1,164,654		1,527,754
Total real estate construction and land	32,925		363,100		1,496,304		1,892,329
Commercial:
Asset-based	35,473		10,792		3,163,073		3,209,338
Venture capital	172,496		103,592		2,046,173		2,322,261
Other commercial	22,410		4,374		3,474,604		3,501,388
Total commercial	230,379		118,758		8,683,850		9,032,987
Consumer	1,307		5,007		341,819		348,133
Total	$	842,834	$	688,659	$	23,248,854	$	24,780,347


	December 31, 2025
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	297,606	$	126,998	$	3,890,033	$	4,314,637
Multi-family	166,385		216,286		5,706,746		6,089,417
Other residential	58,202		—		3,288,531		3,346,733
Total real estate mortgage	522,193		343,284		12,885,310		13,750,787
Real estate construction and land:
Commercial	52,828		—		326,559		379,387
Residential	2,982		10,714		1,554,544		1,568,240
Total real estate construction and land	55,810		10,714		1,881,103		1,947,627
Commercial:
Asset-based	36,732		7,180		2,907,098		2,951,010
Venture capital	171,847		64,577		1,985,673		2,222,097
Other commercial	12,143		27,689		3,764,267		3,804,099
Total commercial	220,722		99,446		8,657,038		8,977,206
Consumer	1,605		5,239		350,215		357,059
Total	$	800,330	$	458,683	$	23,773,666	$	25,032,679

The following table presents our nonaccrual loans and leases by loan portfolio segment and class and by with and without an allowance recorded as of the date indicated and interest income recognized on nonaccrual loans and leases for the periods indicated:




	At and For the Three Months Ended
	March 31, 2026				March 31, 2025
	Nonaccrual		Interest			Nonaccrual		Interest
	Recorded		Income			Recorded		Income
	Investment		Recognized			Investment		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	122	$	—		$	7,318	$	—

Other residential	131		—			167		—



Commercial:
Asset-based	—		—			1,343		—
Venture capital	28,792		—			163		—
Other commercial	1,176		—			4,254		—
Consumer	1,063		—			992		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	87,426	$	13		$	124,277	$	5
Multi-family	13,200		—			22,614		—
Other residential	53,358		—			44,572		—



Commercial:
Asset-based	—		—			2,297		—

Other commercial	466		6			5,483		—

Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	154,237	$	13		$	198,948	$	5

Commercial	30,434		6			13,540		—
Consumer	1,063		—			992		—
Total	$	185,734	$	19		$	213,480	$	5

The following tables present our loans HFI by loan portfolio segment and class, by credit quality indicator (internal risk ratings), and by year of origination (vintage year) as of the dates indicated:


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
March 31, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	—	$	18,611	$	1,167	$	2,774	$	16,800	$	107,198	$	—	$	—	$	146,550
3-4.5 Pass	55,245		425,393		150,473		114,275		765,909		1,988,705		36,813		5,415		3,542,228
5 Special mention	—		—		1,282		364		26,824		68,179		—		23,062		119,711
6-8 Classified	—		—		23,823		27,447		99,692		133,935		—		—		284,897
Total	$	55,245	$	444,004	$	176,745	$	144,860	$	909,225	$	2,298,017	$	36,813	$	28,477	$	4,093,386
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	5,100	$	—	$	—	$	—	$	5,100

Real Estate Mortgage:
Multi-family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	55,361	$	288,812	$	—	$	—	$	344,173
3-4.5 Pass	46,641		429,496		109,536		54,399		2,118,530		2,527,738		2,767		—		5,289,107
5 Special mention	—		10,435		—		3,789		10,078		57,781		—		—		82,083
6-8 Classified	—		—		20,000		1,619		152,968		65,152		—		—		239,739
Total	$	46,641	$	439,931	$	129,536	$	59,807	$	2,336,937	$	2,939,483	$	2,767	$	—	$	5,955,102
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Mortgage:
Other residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	81,896		827,189		31,771		22,911		260,590		2,074,718		105,748		—		3,404,823
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		4,726		2,521		399		15,802		29,149		990		—		53,587
Total	$	81,896	$	831,915	$	34,292	$	23,310	$	276,392	$	2,103,867	$	106,738	$	—	$	3,458,410
Current YTD period:
Gross charge-offs	$	—	$	44	$	—	$	—	$	217	$	13	$	—	$	—	$	274


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
March 31, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	6,481		160,994		55,217		53,159		11,439		44,360		—		—		331,650
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		—		32,925		—		—		—		32,925
Total	$	6,481	$	160,994	$	55,217	$	53,159	$	44,364	$	44,360	$	—	$	—	$	364,575
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	8,077	$	—	$	—	$	—	$	8,077

Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	9,048		123,998		211,867		158,383		464,592		99,284		97,482		—		1,164,654
5 Special mention	—		16,200		12,017		—		155,694		179,189		—		—		363,100
6-8 Classified	—		—		—		—		—		—		—		—		—
Total	$	9,048	$	140,198	$	223,884	$	158,383	$	620,286	$	278,473	$	97,482	$	—	$	1,527,754
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	—	$	40,647	$	26,869	$	21,040	$	118,521	$	338,497	$	99,846	$	—	$	645,420
3-4.5 Pass	50,749		340,686		26,347		74,952		133,111		73,661		1,818,147		—		2,517,653
5 Special mention	—		—		—		—		—		636		10,156		—		10,792
6-8 Classified	—		5,580		—		193		5,527		—		24,173		—		35,473
Total	$	50,749	$	386,913	$	53,216	$	96,185	$	257,159	$	412,794	$	1,952,322	$	—	$	3,209,338
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Venture
Capital
Internal risk rating:
1-2 High pass	$	(100)	$	(231)	$	(114)	$	(79)	$	—	$	—	$	135,372	$	22,201	$	157,049
3-4.5 Pass	75,782		108,690		74,750		38,172		23,364		56,085		1,482,614		29,667		1,889,124
5 Special mention	—		25,968		17,269		26,276		1,176		5,881		24,517		2,505		103,592
6-8 Classified	—		—		30,596		38,154		44,305		11,687		47,754		—		172,496
Total	$	75,682	$	134,427	$	122,501	$	102,523	$	68,845	$	73,653	$	1,690,257	$	54,373	$	2,322,261
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
March 31, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Other
Commercial
Internal risk rating:
1-2 High pass	$	(48)	$	2,797	$	870	$	164	$	19,371	$	142	$	53,053	$	45	$	76,394
3-4.5 Pass	53,734		222,688		47,880		70,567		44,992		288,696		2,638,792		30,861		3,398,210
5 Special mention	—		—		—		—		—		639		3,721		14		4,374
6-8 Classified	—		—		—		—		7,051		497		13,354		1,508		22,410
Total	$	53,686	$	225,485	$	48,750	$	70,731	$	71,414	$	289,974	$	2,708,920	$	32,428	$	3,501,388
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	112	$	1,326	$	178	$	121	$	1,737

Consumer
Internal risk rating:
1-2 High pass	$	—	$	61	$	—	$	—	$	12	$	5	$	383	$	—	$	461
3-4.5 Pass	12,259		26,197		21,764		12,727		49,032		216,909		2,365		105		341,358
5 Special mention	—		—		—		—		693		4,314		—		—		5,007
6-8 Classified	—		—		—		—		288		772		—		247		1,307
Total	$	12,259	$	26,258	$	21,764	$	12,727	$	50,025	$	222,000	$	2,748	$	352	$	348,133
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	909	$	—	$	—	$	909

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	(148)	$	61,885	$	28,792	$	23,899	$	210,065	$	734,654	$	288,654	$	22,246	$	1,370,047
3-4.5 Pass	391,835		2,665,331		729,605		599,545		3,871,559		7,370,156		6,184,728		66,048		21,878,807
5 Special mention	—		52,603		30,568		30,429		194,465		316,619		38,394		25,581		688,659
6-8 Classified	—		10,306		76,940		67,812		358,558		241,192		86,271		1,755		842,834
Total	$	391,687	$	2,790,125	$	865,905	$	721,685	$	4,634,647	$	8,662,621	$	6,598,047	$	115,630	$	24,780,347
Current YTD period:
Gross charge-offs	$	—	$	44	$	—	$	—	$	13,506	$	2,248	$	178	$	121	$	16,097

______________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	14,708	$	3,470	$	2,787	$	23,377	$	33,027	$	77,427	$	—	$	—	$	154,796
3-4.5 Pass	430,807		181,597		121,685		781,194		608,067		1,544,708		61,764		5,415		3,735,237
5 Special mention	—		—		—		23,072		43,724		37,155		—		23,047		126,998
6-8 Classified	—		23,880		27,514		57,759		53,699		134,754		—		—		297,606
Total	$	445,515	$	208,947	$	151,986	$	885,402	$	738,517	$	1,794,044	$	61,764	$	28,462	$	4,314,637
Current YTD period:
Gross charge-offs	$	—	$	—	$	51	$	2,416	$	613	$	16,650	$	—	$	—	$	19,730

Real Estate Mortgage:
Multi-family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	53,190	$	175,257	$	155,222	$	—	$	—	$	383,669
3-4.5 Pass	429,017		131,377		54,475		2,126,937		1,120,759		1,459,061		1,451		—		5,323,077
5 Special mention	10,472		28,948		5,412		97,980		28,727		44,747		—		—		216,286
6-8 Classified	—		19,989		—		64,972		28,372		53,052		—		—		166,385
Total	$	439,489	$	180,314	$	59,887	$	2,343,079	$	1,353,115	$	1,712,082	$	1,451	$	—	$	6,089,417
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	3,275	$	—	$	—	$	3,275

Real Estate Mortgage:
Other residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	752,817		40,271		22,332		263,745		2,015,936		91,935		101,495		—		3,288,531
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	1,122		—		543		28,599		26,712		228		998		—		58,202
Total	$	753,939	$	40,271	$	22,875	$	292,344	$	2,042,648	$	92,163	$	102,493	$	—	$	3,346,733
Current YTD period:
Gross charge-offs	$	—	$	—	$	145	$	2,624	$	733	$	—	$	—	$	—	$	3,502


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	123,586		51,969		64,663		44,365		40,315		1,661		—		—		326,559
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		52,828		—		—		—		—		52,828
Total	$	123,586	$	51,969	$	64,663	$	97,193	$	40,315	$	1,661	$	—	$	—	$	379,387
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	20,196	$	1,340	$	—	$	—	$	—	$	21,536

Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	100,284		189,207		196,046		705,647		188,284		80,625		94,451		—		1,554,544
5 Special mention	—		—		—		4,308		6,406		—		—		—		10,714
6-8 Classified	—		—		—		—		2,982		—		—		—		2,982
Total	$	100,284	$	189,207	$	196,046	$	709,955	$	197,672	$	80,625	$	94,451	$	—	$	1,568,240
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	41,364	$	29,359	$	23,020	$	122,112	$	185,978	$	197,800	$	204,041	$	—	$	803,674
3-4.5 Pass	355,855		40,478		77,608		144,338		72,205		8,625		1,404,315		—		2,103,424
5 Special mention	—		—		—		—		—		—		7,180		—		7,180
6-8 Classified	5,650		—		194		5,564		—		—		25,324		—		36,732
Total	$	402,869	$	69,837	$	100,822	$	272,014	$	258,183	$	206,425	$	1,640,860	$	—	$	2,951,010
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Venture
Capital
Internal risk rating:
1-2 High pass	$	(279)	$	(75)	$	(67)	$	—	$	—	$	—	$	138,159	$	22,167	$	159,905
3-4.5 Pass	113,608		93,269		60,589		25,483		47,321		16,979		1,437,845		30,674		1,825,768
5 Special mention	19,964		(4)		21,986		—		—		—		22,044		587		64,577
6-8 Classified	625		33,631		33,431		46,535		12,484		—		45,141		—		171,847
Total	$	133,918	$	126,821	$	115,939	$	72,018	$	59,805	$	16,979	$	1,643,189	$	53,428	$	2,222,097
Current YTD period:
Gross charge-offs	$	993	$	—	$	—	$	—	$	5,257	$	—	$	—	$	—	$	6,250

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Other
Commercial
Internal risk rating:
1-2 High pass	$	2,929	$	903	$	172	$	20,124	$	611	$	(61)	$	53,892	$	(1)	$	78,569
3-4.5 Pass	226,226		51,373		61,827		44,555		167,436		135,630		2,969,078		29,573		3,685,698
5 Special mention	—		—		9,022		5,062		779		85		12,147		594		27,689
6-8 Classified	—		2,447		—		2,918		44		1,271		4,414		1,049		12,143
Total	$	229,155	$	54,723	$	71,021	$	72,659	$	168,870	$	136,925	$	3,039,531	$	31,215	$	3,804,099
Current YTD period:
Gross charge-offs	$	—	$	—	$	1,393	$	727	$	228	$	2,039	$	11,596	$	744	$	16,727

Consumer
Internal risk rating:
1-2 High pass	$	66	$	—	$	—	$	14	$	7	$	—	$	489	$	—	$	576
3-4.5 Pass	28,736		24,251		13,618		51,008		149,047		79,026		3,809		144		349,639
5 Special mention	—		—		—		1,029		2,964		1,246		—		—		5,239
6-8 Classified	—		—		—		151		349		853		—		252		1,605
Total	$	28,802	$	24,251	$	13,618	$	52,202	$	152,367	$	81,125	$	4,298	$	396	$	357,059
Current YTD period:
Gross charge-offs	$	—	$	—	$	92	$	1,104	$	1,892	$	1,395	$	1	$	1	$	4,485

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	58,788	$	33,657	$	25,912	$	218,817	$	394,880	$	430,388	$	396,581	$	22,166	$	1,581,189
3-4.5 Pass	2,560,936		803,792		672,843		4,187,272		4,409,370		3,418,250		6,074,208		65,806		22,192,477
5 Special mention	30,436		28,944		36,420		131,451		82,600		83,233		41,371		24,228		458,683
6-8 Classified	7,397		79,947		61,682		259,326		124,642		190,158		75,877		1,301		800,330
Total	$	2,657,557	$	946,340	$	796,857	$	4,796,866	$	5,011,492	$	4,122,029	$	6,588,037	$	113,501	$	25,032,679
Current YTD period:
Gross charge-offs	$	993	$	—	$	1,681	$	27,067	$	10,063	$	23,359	$	11,597	$	745	$	75,505

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

Loan Modifications

The following table presents our loan modifications to our HFI loans and leases granted to borrowers experiencing financial difficulty by type of modification for the year indicated with balances as of the dates indicated:


	Amortized Cost Basis at March 31, 2026
					Term Extension		Term Extension,				% of
	Term		Payment		and Interest		Payment Delay,				Total
	Extension		Delay		Rate Reduction		and Forgiveness		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	54,888	$	967	$	—	$	44,160	$	100,015	2.4	%
Multi-family	28,048		—		—		—		28,048		0.5	%




Commercial:

Venture capital	28,792		—		—		—		28,792		1.2	%
Other commercial	216		147		63		—		426		—	%

Total	$	111,944	$	1,114	$	63	$	44,160	$	157,281


	Amortized Cost Basis at March 31, 2025
							Term Extension,
					Term Extension		Interest Rate				% of
	Term		Payment		and Interest		Reduction, and				Total
	Extension		Delay		Rate Reduction		Payment Delay		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	61,021	$	1,599	$	—	$	—	$	62,620	1.4	%
Multi-family	39,472		—		—		—		39,472		0.6	%
Other residential	972		2,500		—		—		3,472		0.1	%
Real estate construction and land:

Residential	3,120		—		—		—		3,120		0.1	%
Commercial:
Asset-based	2,296		—		—		—		2,296		0.1	%
Venture capital	7,393		—		—		—		7,393		0.4	%
Other commercial	2,154		—		355		146		2,655		0.1	%

Total	$	116,428	$	4,099	$	355	$	146	$	121,028

The following tables present the financial effect of our loan modifications made to borrowers experiencing financial difficulty by type of modification for the periods indicated:


	Weighted Average for the Three Months Ended March 31, 2026
			Term Extension and
	Term Extension	Payment Delay	Interest Rate Reduction
	(in months)	(in months)	(in months)	(in % points)

Real estate mortgage:
Commercial	10	6	—	—
Multi-family	6	—	—	—




Commercial:

Venture capital	8	—	—	—
Other commercial	65	2	15	3.50	%


	Weighted Average for the Three Months Ended March 31, 2025
			Term Extension and
	Term Extension	Payment Delay	Interest Rate Reduction
	(in months)	(in months)	(in months)	(in % points)
Real estate mortgage:
Commercial	13	6	—	—
Multi-family	5	—	—	—
Other residential	9	3	—	—
Real estate construction and land:
Residential	12	—	—	—
Commercial:
Asset-based	10	—	—	—
Venture capital	12	—	—	—
Other commercial	16	—	56	1.95	%

The following outlines the weighted average financial effects of our combination loan modifications for borrowers experiencing financial difficulties.

Combination - term extension, payment delay, and principal forgiveness. Regarding the combination of term extensions, payment delays, and principal forgiveness, the weighted average financial effect for the three months ended March 31, 2026 for CRE loans included a 64 months maturity extension, a reduced rate of 1.65%, and principal forgiveness of $8.1 million.

Combination - term extension, payment delay, and interest rate reduction. For the three months ended March 31, 2025, other commercial loans included a 61 months maturity extension, a reduced rate of 5.75%, and payment deferrals of 3 months.

The following tables present the payment status of loans that were modified during the preceding 12-month period, with related amortized cost balances, as of the dates indicated:


	Payment Status (Amortized Cost Basis) at March 31, 2026
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	152,377	$	1,949	$	—	$	154,326
Multi-family	43,276		—		—		43,276
Other residential	1,469		—		—		1,469



Commercial:
Asset-based	29,755		—		—		29,755
Venture capital	61,110		—		—		61,110
Other commercial	858		326		—		1,184
Consumer	247		—		—		247
Total	$	289,092	$	2,275	$	—	$	291,367


	Payment Status (Amortized Cost Basis) at March 31, 2025
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	186,826	$	—	$	7,130	$	193,956
Multi-family	39,472		—		—		39,472
Other residential	4,142		—		727		4,869
Real estate construction and land:

Residential	3,120		—		—		3,120
Commercial:
Asset-based	2,296		—		—		2,296
Venture capital	13,116		—		—		13,116
Other commercial	3,246		1,399		—		4,645
Consumer	8		—		—		8
Total	$	252,226	$	1,399	$	7,857	$	261,482

The following tables present information on loans that defaulted during the periods indicated, which had been modified during the preceding 12-month period, with related amortized cost balances as of the dates indicated:



	Amortized Cost Basis at March 31, 2026
			Combination - Term
Loan Modifications That Subsequently Defaulted			Extension and
for the Three Months Ended March 31, 2026	Term Extension		Rate Reduction		Total
	(In thousands)







Commercial:


Other commercial	$	15	$	180	$	195

Total	$	15	$	180	$	195

Amortized Cost Basis

Loan Modifications That Subsequently Defaulted

at March 31, 2025

for the Three Months Ended March 31, 2025

Term Extension

(In thousands)

Commercial:

Other commercial

1,399

Total

1,399

Leases Receivable

We provide equipment financing to our customers primarily with operating and direct financing leases. For direct financing leases, lease receivables are recorded on the balance sheet, but the leased equipment is not, although we generally retain legal title to the leased equipment until the end of each lease. Direct financing leases are stated at the net amount of minimum lease payments receivable, plus any unguaranteed residual value, less the amount of unearned income and net acquisition discount at the reporting date. Direct lease origination costs are amortized using the effective interest method over the life of the leases. Direct financing leases are subject to our accounting for ACL. See "Note 7. Leases" for information regarding operating leases where we are the lessor.

The following table provides the components of leases receivable income for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Component of leases receivable income:
Interest income on net investments in leases	$	3,552	$	4,055

The following table presents the components of leases receivable as of the dates indicated:


	March 31, 2026		December 31, 2025
	(In thousands)
Net Investment in Direct Financing Leases:
Lease payments receivable	$	164,392	$	151,719
Unguaranteed residual assets	19,675		19,921
Deferred costs and other	2,355		1,793
Aggregate net investment in leases	$	186,422	$	173,433

The following table presents maturities of leases receivable as of the date indicated:


	March 31, 2026
	(In thousands)
Period ending December 31,
2026	$	48,781
2027	52,268
2028	39,255
2029	32,246
2030	7,308
Thereafter	3,828
Total undiscounted cash flows	183,686
Less: Unearned income	(19,294)
Present value of lease payments	$	164,392

Allowance for Credit Losses

The ACL is the combination of the ALLL and the reserve for unfunded loan commitments. The reserve for unfunded loan commitments is included within "Accrued interest payable and other liabilities" on the consolidated balance sheets.

The following tables present a summary of the activity in the ALLL on loans and leases HFI by loan portfolio segment for the periods indicated:
















	Three Months Ended March 31, 2026
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	137,401	$	8,849	$	86,087	$	13,275	$	245,612
Charge-offs	(5,374)		(8,077)		(1,737)		(909)		(16,097)
Recoveries	802		—		1,307		176		2,285
Net charge-offs	(4,572)		(8,077)		(430)		(733)		(13,812)
Provision	(1,315)		9,623		1,158		334		9,800
Balance, end of period	$	131,514	$	10,395	$	86,815	$	12,876	$	241,600

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	—	$	—	$	2,200	$	—	$	2,200
Collectively evaluated	$	131,514	$	10,395	$	84,615	$	12,876	$	239,400

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	153,985	$	—	$	29,258	$	—	$	183,243
Collectively evaluated	13,352,913		1,892,329		9,003,729		348,133		24,597,104
Ending balance	$	13,506,898	$	1,892,329	$	9,032,987	$	348,133	$	24,780,347
















	Three Months Ended March 31, 2025
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360
Charge-offs	(5,789)		—		(9,582)		(1,180)		(16,551)
Recoveries	311		—		2,104		62		2,477
Net charge-offs	(5,478)		—		(7,478)		(1,118)		(14,074)
Provision	(10,160)		3,184		15,634		1,042		9,700
Balance, end of period	$	130,116	$	14,124	$	75,989	$	14,757	$	234,986

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	1,702	$	—	$	1,625	$	—	$	3,327
Collectively evaluated	$	128,414	$	14,124	$	74,364	$	14,757	$	231,659

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	198,839	$	—	$	11,371	$	—	$	210,210
Collectively evaluated	13,293,819		2,861,038		7,367,428		394,032		23,916,317
Ending balance	$	13,492,658	$	2,861,038	$	7,378,799	$	394,032	$	24,126,527

The ALLL decreased by $4.0 million in the first quarter of 2026 to $241.6 million compared to the fourth quarter, due primarily to a $9.8 million provision and net charge-offs of $13.8 million.

For additional information regarding the calculation of the ALLL using the CECL methodology, including discussion of forecasts used to estimate the allowance, please see "Note 1. Nature of Operations and Summary of Significant Accounting Policies - Allowance for Credit Losses on Loans and Leases Held for Investment" of the Notes to Consolidated Financial Statements contained in "Item 8. Financial Statements and Supplementary Data" of the Form 10-K.

A loan is considered collateral-dependent, and is individually evaluated for reserve purposes, when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table summarizes collateral-dependent loans HFI by collateral type as of the following dates:


	March 31, 2026		December 31, 2025
	Real					Real		Business
	Property			Total		Property		Assets		Total
	(In thousands)
Real estate mortgage	$	156,275		$	156,275	$	155,233	$	—	$	155,233

Commercial	—			—		—		625		625

Total	$	156,275		$	156,275	$	155,233	$	625	$	155,858

The following tables present a summary of the activity in the ACL for the periods indicated:


	Three Months Ended March 31, 2026
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of period	$	245,612	$	34,921	$	280,533
Charge-offs	(16,097)		—		(16,097)
Recoveries	2,285		—		2,285
Net charge-offs	(13,812)		—		(13,812)
Provision	9,800		—		9,800
Balance, end of period	$	241,600	$	34,921	$	276,521
















	Three Months Ended March 31, 2025
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of period	$	239,360	$	29,071	$	268,431
Charge-offs	(16,551)		—		(16,551)
Recoveries	2,477		—		2,477
Net charge-offs	(14,074)		—		(14,074)
Provision	9,700		500		10,200
Balance, end of period	$	234,986	$	29,571	$	264,557

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Securities available for sale, amortized cost

$ 2,857,903

^[1]

$ 2,646,414

^[2]

Common stock, par value (usd per share)

$ 2,227,000

^[3]

$ 2,246,526

^[4]

$ 0.01

Common stock, outstanding (in shares)

153,722,123

149,963,520

Common stock, issued (in shares)

153,784,724

150,039,018

Common stock, par value (usd per share)

$ (775)

Class B Nonvoting

$ 0.01

Common stock, outstanding (in shares)

477,321

Common stock, issued (in shares)

477,321

Nonvoting Common Stock

Common stock, par value (usd per share)

$ 0.01

Common stock, issued (in shares)

5,017,064

Credit-linked notes

Credit-linked Notes

$ 111,250

$ 113,634

[1]	Excludes accrued interest receivable of $12.3 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheets.
[2]	Excludes accrued interest receivable of $11.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.
[3]	Excludes accrued interest receivable of $11.2 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheet
[4]	Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets

Earnings Per Share - Net income per share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Mar. 31, 2025

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Net earnings (loss) available to common and equivalent stockholders, basic

$ 62,005

$ 67,444

$ 43,621

Net earnings (loss) allocated to common and equivalent shares

$ 61,978

$ 43,574

Weighted average basic shares and unvested restricted stock outstanding (shares)

154,892

168,697

Less: weighted-average unvested restricted stock outstanding (shares)

(71)

(202)

154,821

168,495

Net earnings (loss) available to common and equivalent stockholders, diluted

$ 0.40

^[1]

$ 0.43

$ 0.26

^[1]

$ 62,005

$ 67,444

$ 43,621

Net earnings from continuing operations allocated to common shares

$ 62,005

$ 43,621

Weighted average diluted shares outstanding, diluted (usd per share)

160,832

169,434

Common Shares, After Conversion, Earnings per Share, Diluted

160,832

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

$ 0.39

^[2]

$ 0.42

$ 0.26

^[2]

Common Stock

Less: Earnings allocated to unvested restricted stock

^[3]

$ (27)

$ (47)

NVCE Non-voting Share Class

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Voting Common Stock | Common Stock

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Net earnings (loss) available to common and equivalent stockholders, basic

61,045

40,963

Less: Earnings allocated to unvested restricted stock

^[3]

(27)

(47)

Net earnings (loss) allocated to common and equivalent shares

$ 61,018

$ 40,916

Weighted average basic shares and unvested restricted stock outstanding (shares)

152,494

158,429

Less: weighted-average unvested restricted stock outstanding (shares)

(71)

(202)

152,423

158,227

Net earnings (loss) available to common and equivalent stockholders, diluted

^[1]

$ 0.40

$ 0.26

$ 61,045

Net earnings from continuing operations allocated to common shares

$ 61,821

$ 40,963

Weighted average diluted shares outstanding, diluted (usd per share)

154,502

158,734

Common Shares, After Conversion, Earnings per Share, Diluted

5,853

160,355

Voting Common Stock | NVCE Non-voting Share Class | Common Stock

^[2]

$ 0.39

$ 0.26

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Class B Nonvoting | Common Stock

$ 769

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Net earnings (loss) available to common and equivalent stockholders, basic

191

$ 123

Less: Earnings allocated to unvested restricted stock

^[3]

Net earnings (loss) allocated to common and equivalent shares

$ 191

$ 123

Weighted average basic shares and unvested restricted stock outstanding (shares)

477

Less: weighted-average unvested restricted stock outstanding (shares)

477

Net earnings (loss) available to common and equivalent stockholders, diluted

^[1]

$ 0.40

$ 0.26

$ 191

Net earnings from continuing operations allocated to common shares

(7)

$ 184

$ 123

Weighted average diluted shares outstanding, diluted (usd per share)

477

Common Shares, After Conversion, Earnings per Share, Diluted

477

Class B Nonvoting | NVCE Non-voting Share Class | Common Stock

^[2]

$ 0.39

$ 0.26

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Nonvoting Common Stock | Common Stock

$ 0

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Net earnings (loss) available to common and equivalent stockholders, basic

769

$ 2,535

Less: Earnings allocated to unvested restricted stock

^[3]

Net earnings (loss) allocated to common and equivalent shares

$ 769

$ 2,535

Nonvoting Common Stock Equivalents | Common Stock

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Weighted average basic shares and unvested restricted stock outstanding (shares)

1,921

9,791

Less: weighted-average unvested restricted stock outstanding (shares)

1,921

9,791

Net earnings (loss) available to common and equivalent stockholders, diluted

^[1]

$ 0.40

$ 0.26

$ 769

Net earnings from continuing operations allocated to common shares

1,487

$ 2,256

$ 2,535

Weighted average diluted shares outstanding, diluted (usd per share)

5,853

10,223

Common Shares, After Conversion, Earnings per Share, Diluted

5,853

Nonvoting Common Stock Equivalents | NVCE Non-voting Share Class | Common Stock

^[2]

$ 0.39

$ 0.25

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Deposits in financial institutions

$ 0

[1]	Basic earnings per share is using the two-class method.
[2]	Diluted earnings per share is using the treasury method.
[3]	Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash flows from operating activities:
Net earnings	$ 71,952	$ 53,568
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	10,894	13,027
Amortization of net premiums on investment securities	4,524	5,068
Accretion of net purchased loan discounts and deferred loan fees	(16,475)	(21,181)
Amortization of intangible assets	6,348	7,160
Amortization of operating lease ROU assets	5,717	5,895
Provision for credit losses	9,800	9,300
Loss on sale of foreclosed assets	28	17
Provision for losses on foreclosed assets	44	265
Gain on sale of loans and leases	(7)	(211)
Loss on sale of premises and equipment	1	0
Unrealized gain on derivatives, foreign currencies, and credit-linked notes, net	(362)	(279)
LOCOM HFS adjustment	(3)	0
Earned stock compensation	5,636	5,495
Decrease in other assets	4,851	12,301
Decrease in accrued interest payable and other liabilities	(53,967)	(75,303)
Net cash provided by operating activities	48,981	15,122
Cash flows from investing activities:
Net decrease (increase) in loans and leases	175,029	(337,351)
Proceeds from sales of loans and leases	740	1,301
Proceeds from maturities and paydowns of securities AFS	130,567	97,893
Purchases of securities AFS	(343,368)	(148,541)
Proceeds from maturities and paydowns of securities HTM	452	310
Purchases of FHLB and FRB stock	(9,900)	(7,557)
Proceeds from sales of foreclosed assets	689	5,316
Purchases of premises and equipment	(3,380)	(1,525)
Proceeds from BOLI death benefit	583	0
Net decrease in equipment leased to others under operating leases	9,370	5,415
Net cash used in investing activities	(39,218)	(384,739)
Cash flows from financing activities:
Net decrease in noninterest-bearing deposits	(25,245)	(125,963)
Net (decrease) increase in interest-bearing deposits	(495,978)	127,245
Repayments of borrowings	(2,401)	(1,014)
Proceeds from borrowings	489,815	279,842
Common shares repurchased under Stock Repurchase Program	(32,280)	(38,931)
Common shares purchased under Dividend Reinvestment Plan	0	72
Restricted stock surrendered	(5,574)	(2,699)
Preferred stock dividends paid	(9,947)	(9,947)
Common stock dividends paid	(18,849)	(17,311)
Net cash (used in) provided by financing activities	(100,459)	211,294
Net decrease in cash, cash equivalents, and restricted cash	(90,696)	(158,323)
Cash, cash equivalents, and restricted cash, beginning of period	2,307,965	2,502,212
Cash, cash equivalents, and restricted cash, end of period	2,217,269	2,343,889
Supplemental disclosures of cash flow information:
Cash paid for interest	154,207	180,996
Cash received for income taxes	(342)	(256)
Loans transferred to foreclosed assets	1,700	1,354
Transfers from loans HFI to loans HFS	$ 72,061	$ 0

Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Leases [Abstract]
Operating lease, impairment loss	$ 0	$ 0

Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Mar. 31, 2025

Interest income:

Loans and leases

$ 349,943

$ 359,268

$ 346,103

Investment securities

41,873

39,557

37,862

15,626

18,123

22,690

Total interest income

407,442

416,948

406,655

Interest expense:

Deposits

120,233

129,896

140,530

Borrowings

20,177

19,858

18,421

Provision for credit losses

15,415

15,832

15,340

Total interest expense

155,825

165,586

174,291

Net interest income

251,617

251,362

232,364

9,800

12,500

9,300

Net interest income after provision for credit losses

241,817

238,862

223,064

Noninterest income:

Leased equipment income

8,530

16,381

10,784

Commissions and fees

10,980

9,524

9,958

Service charges on deposit accounts

4,978

5,038

4,543

Gain on sale of loans and leases

211

Dividends and gains on equity investments

2,002

3,492

2,323

Warrant income (loss)

938

361

(295)

LOCOM HFS adjustment

Other income

7,893

6,757

6,126

Total noninterest income

35,328

41,571

33,650

Noninterest expense:

Compensation

91,100

85,862

86,417

Customer related expense

23,737

24,870

27,751

Occupancy

14,892

14,726

15,010

Information technology and data processing

14,339

13,751

15,099

Insurance and assessments

6,764

7,070

7,283

Intangible asset amortization

6,348

6,788

7,160

Leased equipment depreciation

5,304

6,202

6,741

Other professional services

4,236

6,774

4,513

Loan expense

4,292

4,445

2,930

Other expense

10,379

10,156

10,749

Total noninterest expense

181,391

180,644

183,653

Earnings before income taxes

95,754

99,789

73,061

Information technology and data processing

23,802

22,398

19,493

Net earnings

71,952

77,391

53,568

Preferred stock dividends

9,947

Net earnings available to common and equivalent stockholders, basic

62,005

67,444

43,621

Net earnings available to common and equivalent stockholders, diluted

$ 62,005

$ 67,444

$ 43,621

Earnings (loss) per share:

Basic (usd per share)

$ 0.40

^[1]

$ 0.43

$ 0.26

^[1]

Diluted (usd per share)

$ 0.39

^[2]

$ 0.42

$ 0.26

^[2]

[1]	Basic earnings per share is using the two-class method.
[2]	Diluted earnings per share is using the treasury method.

Loans and Leases Held for Investment (Tables)

3 Months Ended

Mar. 31, 2026

Receivables [Abstract]

Schedule of composition of loans portfolio

The following table summarizes the composition of our loans and leases HFI as of the dates indicated:


	March 31, 2026		December 31, 2025
	(In thousands)
Real estate mortgage	$	13,584,489	$	13,846,097
Real estate construction and land (1)	1,903,999		1,959,591
Commercial	9,048,610		8,994,466
Consumer	346,015		355,333
Total gross loans and leases HFI	24,883,113		25,155,487
Unearned discounts, net (2)	(67,640)		(86,061)
Deferred fees, net	(35,126)		(36,747)
Total loans and leases HFI	24,780,347		25,032,679
Allowance for loan and lease losses	(241,600)		(245,612)
Total loans and leases HFI, net (3)	$	24,538,747	$	24,787,067

____________________

(1) Includes land and acquisition and development loans of $217.8 million and $214.5 million at March 31, 2026 and December 31, 2025.

Delinquent loans in loan portfolio

The following tables present an aging analysis of our loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	March 31, 2026
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,828	$	41,058	$	51,886	$	4,041,500	$	4,093,386
Multi-family	32,843		2,536		35,379		5,919,723		5,955,102
Other residential	41,333		37,472		78,805		3,379,605		3,458,410
Total real estate mortgage	85,004		81,066		166,070		13,340,828		13,506,898
Real estate construction and land:
Commercial	32,925		—		32,925		331,650		364,575
Residential	140,687		—		140,687		1,387,067		1,527,754
Total real estate construction and land	173,612		—		173,612		1,718,717		1,892,329
Commercial:
Asset-based	509		—		509		3,208,829		3,209,338
Venture capital	595		—		595		2,321,666		2,322,261
Other commercial (1)	1,501		(115)		1,386		3,500,002		3,501,388
Total commercial	2,605		(115)		2,490		9,030,497		9,032,987
Consumer	2,309		648		2,957		345,176		348,133
Total	$	263,530	$	81,599	$	345,129	$	24,435,218	$	24,780,347

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


	December 31, 2025
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,498	$	46,506	$	57,004	$	4,257,633	$	4,314,637
Multi-family	32,887		2,536		35,423		6,053,994		6,089,417
Other residential	34,319		42,780		77,099		3,269,634		3,346,733
Total real estate mortgage	77,704		91,822		169,526		13,581,261		13,750,787
Real estate construction and land:
Commercial	—		—		—		379,387		379,387
Residential	26,540		—		26,540		1,541,700		1,568,240
Total real estate construction and land	26,540		—		26,540		1,921,087		1,947,627
Commercial:
Asset-based	1,142		—		1,142		2,949,868		2,951,010
Venture capital	—		—		—		2,222,097		2,222,097
Other commercial	984		104		1,088		3,803,011		3,804,099
Total commercial	2,126		104		2,230		8,974,976		8,977,206
Consumer	1,933		729		2,662		354,397		357,059
Total	$	108,303	$	92,655	$	200,958	$	24,831,721	$	25,032,679

Financing Receivable, Nonaccrual

The following table presents our nonaccrual and performing loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	March 31, 2026						December 31, 2025
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	87,548	$	4,005,838	$	4,093,386	$	93,334	$	4,221,303	$	4,314,637
Multi-family	13,200		5,941,902		5,955,102		3,358		6,086,059		6,089,417
Other residential	53,489		3,404,921		3,458,410		57,984		3,288,749		3,346,733
Total real estate mortgage	154,237		13,352,661		13,506,898		154,676		13,596,111		13,750,787
Real estate construction and land:
Commercial	—		364,575		364,575		—		379,387		379,387
Residential	—		1,527,754		1,527,754		—		1,568,240		1,568,240
Total real estate construction and land	—		1,892,329		1,892,329		—		1,947,627		1,947,627
Commercial:
Asset-based	—		3,209,338		3,209,338		—		2,951,010		2,951,010
Venture capital	28,792		2,293,469		2,322,261		625		2,221,472		2,222,097
Other commercial	1,642		3,499,746		3,501,388		2,510		3,801,589		3,804,099
Total commercial	30,434		9,002,553		9,032,987		3,135		8,974,071		8,977,206
Consumer	1,063		347,070		348,133		1,357		355,702		357,059
Total	$	185,734	$	24,594,613	$	24,780,347	$	159,168	$	24,873,511	$	25,032,679

CV of loans held for investment by class by performing and nonperforming


	March 31, 2026
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	284,897	$	119,711	$	3,688,778	$	4,093,386
Multi-family	239,739		82,083		5,633,280		5,955,102
Other residential	53,587		—		3,404,823		3,458,410
Total real estate mortgage	578,223		201,794		12,726,881		13,506,898
Real estate construction and land:
Commercial	32,925		—		331,650		364,575
Residential	—		363,100		1,164,654		1,527,754
Total real estate construction and land	32,925		363,100		1,496,304		1,892,329
Commercial:
Asset-based	35,473		10,792		3,163,073		3,209,338
Venture capital	172,496		103,592		2,046,173		2,322,261
Other commercial	22,410		4,374		3,474,604		3,501,388
Total commercial	230,379		118,758		8,683,850		9,032,987
Consumer	1,307		5,007		341,819		348,133
Total	$	842,834	$	688,659	$	23,248,854	$	24,780,347


	December 31, 2025
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	297,606	$	126,998	$	3,890,033	$	4,314,637
Multi-family	166,385		216,286		5,706,746		6,089,417
Other residential	58,202		—		3,288,531		3,346,733
Total real estate mortgage	522,193		343,284		12,885,310		13,750,787
Real estate construction and land:
Commercial	52,828		—		326,559		379,387
Residential	2,982		10,714		1,554,544		1,568,240
Total real estate construction and land	55,810		10,714		1,881,103		1,947,627
Commercial:
Asset-based	36,732		7,180		2,907,098		2,951,010
Venture capital	171,847		64,577		1,985,673		2,222,097
Other commercial	12,143		27,689		3,764,267		3,804,099
Total commercial	220,722		99,446		8,657,038		8,977,206
Consumer	1,605		5,239		350,215		357,059
Total	$	800,330	$	458,683	$	23,773,666	$	25,032,679

Finance Receivable Investment And Interest Income, Nonaccrual




	At and For the Three Months Ended
	March 31, 2026				March 31, 2025
	Nonaccrual		Interest			Nonaccrual		Interest
	Recorded		Income			Recorded		Income
	Investment		Recognized			Investment		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	122	$	—		$	7,318	$	—

Other residential	131		—			167		—



Commercial:
Asset-based	—		—			1,343		—
Venture capital	28,792		—			163		—
Other commercial	1,176		—			4,254		—
Consumer	1,063		—			992		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	87,426	$	13		$	124,277	$	5
Multi-family	13,200		—			22,614		—
Other residential	53,358		—			44,572		—



Commercial:
Asset-based	—		—			2,297		—

Other commercial	466		6			5,483		—

Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	154,237	$	13		$	198,948	$	5

Commercial	30,434		6			13,540		—
Consumer	1,063		—			992		—
Total	$	185,734	$	19		$	213,480	$	5

Finance Receivable, Loans By Origination Year


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
March 31, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	—	$	18,611	$	1,167	$	2,774	$	16,800	$	107,198	$	—	$	—	$	146,550
3-4.5 Pass	55,245		425,393		150,473		114,275		765,909		1,988,705		36,813		5,415		3,542,228
5 Special mention	—		—		1,282		364		26,824		68,179		—		23,062		119,711
6-8 Classified	—		—		23,823		27,447		99,692		133,935		—		—		284,897
Total	$	55,245	$	444,004	$	176,745	$	144,860	$	909,225	$	2,298,017	$	36,813	$	28,477	$	4,093,386
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	5,100	$	—	$	—	$	—	$	5,100

Real Estate Mortgage:
Multi-family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	55,361	$	288,812	$	—	$	—	$	344,173
3-4.5 Pass	46,641		429,496		109,536		54,399		2,118,530		2,527,738		2,767		—		5,289,107
5 Special mention	—		10,435		—		3,789		10,078		57,781		—		—		82,083
6-8 Classified	—		—		20,000		1,619		152,968		65,152		—		—		239,739
Total	$	46,641	$	439,931	$	129,536	$	59,807	$	2,336,937	$	2,939,483	$	2,767	$	—	$	5,955,102
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Mortgage:
Other residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	81,896		827,189		31,771		22,911		260,590		2,074,718		105,748		—		3,404,823
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		4,726		2,521		399		15,802		29,149		990		—		53,587
Total	$	81,896	$	831,915	$	34,292	$	23,310	$	276,392	$	2,103,867	$	106,738	$	—	$	3,458,410
Current YTD period:
Gross charge-offs	$	—	$	44	$	—	$	—	$	217	$	13	$	—	$	—	$	274


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
March 31, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	6,481		160,994		55,217		53,159		11,439		44,360		—		—		331,650
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		—		32,925		—		—		—		32,925
Total	$	6,481	$	160,994	$	55,217	$	53,159	$	44,364	$	44,360	$	—	$	—	$	364,575
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	8,077	$	—	$	—	$	—	$	8,077

Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	9,048		123,998		211,867		158,383		464,592		99,284		97,482		—		1,164,654
5 Special mention	—		16,200		12,017		—		155,694		179,189		—		—		363,100
6-8 Classified	—		—		—		—		—		—		—		—		—
Total	$	9,048	$	140,198	$	223,884	$	158,383	$	620,286	$	278,473	$	97,482	$	—	$	1,527,754
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	—	$	40,647	$	26,869	$	21,040	$	118,521	$	338,497	$	99,846	$	—	$	645,420
3-4.5 Pass	50,749		340,686		26,347		74,952		133,111		73,661		1,818,147		—		2,517,653
5 Special mention	—		—		—		—		—		636		10,156		—		10,792
6-8 Classified	—		5,580		—		193		5,527		—		24,173		—		35,473
Total	$	50,749	$	386,913	$	53,216	$	96,185	$	257,159	$	412,794	$	1,952,322	$	—	$	3,209,338
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Venture
Capital
Internal risk rating:
1-2 High pass	$	(100)	$	(231)	$	(114)	$	(79)	$	—	$	—	$	135,372	$	22,201	$	157,049
3-4.5 Pass	75,782		108,690		74,750		38,172		23,364		56,085		1,482,614		29,667		1,889,124
5 Special mention	—		25,968		17,269		26,276		1,176		5,881		24,517		2,505		103,592
6-8 Classified	—		—		30,596		38,154		44,305		11,687		47,754		—		172,496
Total	$	75,682	$	134,427	$	122,501	$	102,523	$	68,845	$	73,653	$	1,690,257	$	54,373	$	2,322,261
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
March 31, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Other
Commercial
Internal risk rating:
1-2 High pass	$	(48)	$	2,797	$	870	$	164	$	19,371	$	142	$	53,053	$	45	$	76,394
3-4.5 Pass	53,734		222,688		47,880		70,567		44,992		288,696		2,638,792		30,861		3,398,210
5 Special mention	—		—		—		—		—		639		3,721		14		4,374
6-8 Classified	—		—		—		—		7,051		497		13,354		1,508		22,410
Total	$	53,686	$	225,485	$	48,750	$	70,731	$	71,414	$	289,974	$	2,708,920	$	32,428	$	3,501,388
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	112	$	1,326	$	178	$	121	$	1,737

Consumer
Internal risk rating:
1-2 High pass	$	—	$	61	$	—	$	—	$	12	$	5	$	383	$	—	$	461
3-4.5 Pass	12,259		26,197		21,764		12,727		49,032		216,909		2,365		105		341,358
5 Special mention	—		—		—		—		693		4,314		—		—		5,007
6-8 Classified	—		—		—		—		288		772		—		247		1,307
Total	$	12,259	$	26,258	$	21,764	$	12,727	$	50,025	$	222,000	$	2,748	$	352	$	348,133
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	909	$	—	$	—	$	909

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	(148)	$	61,885	$	28,792	$	23,899	$	210,065	$	734,654	$	288,654	$	22,246	$	1,370,047
3-4.5 Pass	391,835		2,665,331		729,605		599,545		3,871,559		7,370,156		6,184,728		66,048		21,878,807
5 Special mention	—		52,603		30,568		30,429		194,465		316,619		38,394		25,581		688,659
6-8 Classified	—		10,306		76,940		67,812		358,558		241,192		86,271		1,755		842,834
Total	$	391,687	$	2,790,125	$	865,905	$	721,685	$	4,634,647	$	8,662,621	$	6,598,047	$	115,630	$	24,780,347
Current YTD period:
Gross charge-offs	$	—	$	44	$	—	$	—	$	13,506	$	2,248	$	178	$	121	$	16,097

______________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	14,708	$	3,470	$	2,787	$	23,377	$	33,027	$	77,427	$	—	$	—	$	154,796
3-4.5 Pass	430,807		181,597		121,685		781,194		608,067		1,544,708		61,764		5,415		3,735,237
5 Special mention	—		—		—		23,072		43,724		37,155		—		23,047		126,998
6-8 Classified	—		23,880		27,514		57,759		53,699		134,754		—		—		297,606
Total	$	445,515	$	208,947	$	151,986	$	885,402	$	738,517	$	1,794,044	$	61,764	$	28,462	$	4,314,637
Current YTD period:
Gross charge-offs	$	—	$	—	$	51	$	2,416	$	613	$	16,650	$	—	$	—	$	19,730

Real Estate Mortgage:
Multi-family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	53,190	$	175,257	$	155,222	$	—	$	—	$	383,669
3-4.5 Pass	429,017		131,377		54,475		2,126,937		1,120,759		1,459,061		1,451		—		5,323,077
5 Special mention	10,472		28,948		5,412		97,980		28,727		44,747		—		—		216,286
6-8 Classified	—		19,989		—		64,972		28,372		53,052		—		—		166,385
Total	$	439,489	$	180,314	$	59,887	$	2,343,079	$	1,353,115	$	1,712,082	$	1,451	$	—	$	6,089,417
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	3,275	$	—	$	—	$	3,275

Real Estate Mortgage:
Other residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	752,817		40,271		22,332		263,745		2,015,936		91,935		101,495		—		3,288,531
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	1,122		—		543		28,599		26,712		228		998		—		58,202
Total	$	753,939	$	40,271	$	22,875	$	292,344	$	2,042,648	$	92,163	$	102,493	$	—	$	3,346,733
Current YTD period:
Gross charge-offs	$	—	$	—	$	145	$	2,624	$	733	$	—	$	—	$	—	$	3,502


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	123,586		51,969		64,663		44,365		40,315		1,661		—		—		326,559
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		52,828		—		—		—		—		52,828
Total	$	123,586	$	51,969	$	64,663	$	97,193	$	40,315	$	1,661	$	—	$	—	$	379,387
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	20,196	$	1,340	$	—	$	—	$	—	$	21,536

Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	100,284		189,207		196,046		705,647		188,284		80,625		94,451		—		1,554,544
5 Special mention	—		—		—		4,308		6,406		—		—		—		10,714
6-8 Classified	—		—		—		—		2,982		—		—		—		2,982
Total	$	100,284	$	189,207	$	196,046	$	709,955	$	197,672	$	80,625	$	94,451	$	—	$	1,568,240
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	41,364	$	29,359	$	23,020	$	122,112	$	185,978	$	197,800	$	204,041	$	—	$	803,674
3-4.5 Pass	355,855		40,478		77,608		144,338		72,205		8,625		1,404,315		—		2,103,424
5 Special mention	—		—		—		—		—		—		7,180		—		7,180
6-8 Classified	5,650		—		194		5,564		—		—		25,324		—		36,732
Total	$	402,869	$	69,837	$	100,822	$	272,014	$	258,183	$	206,425	$	1,640,860	$	—	$	2,951,010
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Venture
Capital
Internal risk rating:
1-2 High pass	$	(279)	$	(75)	$	(67)	$	—	$	—	$	—	$	138,159	$	22,167	$	159,905
3-4.5 Pass	113,608		93,269		60,589		25,483		47,321		16,979		1,437,845		30,674		1,825,768
5 Special mention	19,964		(4)		21,986		—		—		—		22,044		587		64,577
6-8 Classified	625		33,631		33,431		46,535		12,484		—		45,141		—		171,847
Total	$	133,918	$	126,821	$	115,939	$	72,018	$	59,805	$	16,979	$	1,643,189	$	53,428	$	2,222,097
Current YTD period:
Gross charge-offs	$	993	$	—	$	—	$	—	$	5,257	$	—	$	—	$	—	$	6,250

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
December 31, 2025	2025		2024		2023		2022		2021		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Other
Commercial
Internal risk rating:
1-2 High pass	$	2,929	$	903	$	172	$	20,124	$	611	$	(61)	$	53,892	$	(1)	$	78,569
3-4.5 Pass	226,226		51,373		61,827		44,555		167,436		135,630		2,969,078		29,573		3,685,698
5 Special mention	—		—		9,022		5,062		779		85		12,147		594		27,689
6-8 Classified	—		2,447		—		2,918		44		1,271		4,414		1,049		12,143
Total	$	229,155	$	54,723	$	71,021	$	72,659	$	168,870	$	136,925	$	3,039,531	$	31,215	$	3,804,099
Current YTD period:
Gross charge-offs	$	—	$	—	$	1,393	$	727	$	228	$	2,039	$	11,596	$	744	$	16,727

Consumer
Internal risk rating:
1-2 High pass	$	66	$	—	$	—	$	14	$	7	$	—	$	489	$	—	$	576
3-4.5 Pass	28,736		24,251		13,618		51,008		149,047		79,026		3,809		144		349,639
5 Special mention	—		—		—		1,029		2,964		1,246		—		—		5,239
6-8 Classified	—		—		—		151		349		853		—		252		1,605
Total	$	28,802	$	24,251	$	13,618	$	52,202	$	152,367	$	81,125	$	4,298	$	396	$	357,059
Current YTD period:
Gross charge-offs	$	—	$	—	$	92	$	1,104	$	1,892	$	1,395	$	1	$	1	$	4,485

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	58,788	$	33,657	$	25,912	$	218,817	$	394,880	$	430,388	$	396,581	$	22,166	$	1,581,189
3-4.5 Pass	2,560,936		803,792		672,843		4,187,272		4,409,370		3,418,250		6,074,208		65,806		22,192,477
5 Special mention	30,436		28,944		36,420		131,451		82,600		83,233		41,371		24,228		458,683
6-8 Classified	7,397		79,947		61,682		259,326		124,642		190,158		75,877		1,301		800,330
Total	$	2,657,557	$	946,340	$	796,857	$	4,796,866	$	5,011,492	$	4,122,029	$	6,588,037	$	113,501	$	25,032,679
Current YTD period:
Gross charge-offs	$	993	$	—	$	1,681	$	27,067	$	10,063	$	23,359	$	11,597	$	745	$	75,505

____________________

(1) Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

Financing Receivable, Modified


	Amortized Cost Basis at March 31, 2026
					Term Extension		Term Extension,				% of
	Term		Payment		and Interest		Payment Delay,				Total
	Extension		Delay		Rate Reduction		and Forgiveness		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	54,888	$	967	$	—	$	44,160	$	100,015	2.4	%
Multi-family	28,048		—		—		—		28,048		0.5	%




Commercial:

Venture capital	28,792		—		—		—		28,792		1.2	%
Other commercial	216		147		63		—		426		—	%

Total	$	111,944	$	1,114	$	63	$	44,160	$	157,281


	Amortized Cost Basis at March 31, 2025
							Term Extension,
					Term Extension		Interest Rate				% of
	Term		Payment		and Interest		Reduction, and				Total
	Extension		Delay		Rate Reduction		Payment Delay		Total		Loans
	(Dollars in thousands)
Real estate mortgage:
Commercial	$	61,021	$	1,599	$	—	$	—	$	62,620	1.4	%
Multi-family	39,472		—		—		—		39,472		0.6	%
Other residential	972		2,500		—		—		3,472		0.1	%
Real estate construction and land:

Residential	3,120		—		—		—		3,120		0.1	%
Commercial:
Asset-based	2,296		—		—		—		2,296		0.1	%
Venture capital	7,393		—		—		—		7,393		0.4	%
Other commercial	2,154		—		355		146		2,655		0.1	%

Total	$	116,428	$	4,099	$	355	$	146	$	121,028

The following tables present the financial effect of our loan modifications made to borrowers experiencing financial difficulty by type of modification for the periods indicated:


	Weighted Average for the Three Months Ended March 31, 2026
			Term Extension and
	Term Extension	Payment Delay	Interest Rate Reduction
	(in months)	(in months)	(in months)	(in % points)

Real estate mortgage:
Commercial	10	6	—	—
Multi-family	6	—	—	—




Commercial:

Venture capital	8	—	—	—
Other commercial	65	2	15	3.50	%


	Weighted Average for the Three Months Ended March 31, 2025
			Term Extension and
	Term Extension	Payment Delay	Interest Rate Reduction
	(in months)	(in months)	(in months)	(in % points)
Real estate mortgage:
Commercial	13	6	—	—
Multi-family	5	—	—	—
Other residential	9	3	—	—
Real estate construction and land:
Residential	12	—	—	—
Commercial:
Asset-based	10	—	—	—
Venture capital	12	—	—	—
Other commercial	16	—	56	1.95	%

The following outlines the weighted average financial effects of our combination loan modifications for borrowers experiencing financial difficulties.

Finance Receivable, Loan Modifications, Payment Status

The following tables present the payment status of loans that were modified during the preceding 12-month period, with related amortized cost balances, as of the dates indicated:


	Payment Status (Amortized Cost Basis) at March 31, 2026
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	152,377	$	1,949	$	—	$	154,326
Multi-family	43,276		—		—		43,276
Other residential	1,469		—		—		1,469



Commercial:
Asset-based	29,755		—		—		29,755
Venture capital	61,110		—		—		61,110
Other commercial	858		326		—		1,184
Consumer	247		—		—		247
Total	$	289,092	$	2,275	$	—	$	291,367


	Payment Status (Amortized Cost Basis) at March 31, 2025
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	186,826	$	—	$	7,130	$	193,956
Multi-family	39,472		—		—		39,472
Other residential	4,142		—		727		4,869
Real estate construction and land:

Residential	3,120		—		—		3,120
Commercial:
Asset-based	2,296		—		—		2,296
Venture capital	13,116		—		—		13,116
Other commercial	3,246		1,399		—		4,645
Consumer	8		—		—		8
Total	$	252,226	$	1,399	$	7,857	$	261,482

Financing Receivable, Modified, Subsequent Default



	Amortized Cost Basis at March 31, 2026
			Combination - Term
Loan Modifications That Subsequently Defaulted			Extension and
for the Three Months Ended March 31, 2026	Term Extension		Rate Reduction		Total
	(In thousands)







Commercial:


Other commercial	$	15	$	180	$	195

Total	$	15	$	180	$	195

Amortized Cost Basis

Loan Modifications That Subsequently Defaulted

at March 31, 2025

for the Three Months Ended March 31, 2025

Term Extension

(In thousands)

Commercial:

Other commercial

1,399

Total

1,399

Lease Income of Direct Financing Leases

The following table provides the components of leases receivable income for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Component of leases receivable income:
Interest income on net investments in leases	$	3,552	$	4,055

Assets and Liabilities, Lessor

The following table presents the components of leases receivable as of the dates indicated:


	March 31, 2026		December 31, 2025
	(In thousands)
Net Investment in Direct Financing Leases:
Lease payments receivable	$	164,392	$	151,719
Unguaranteed residual assets	19,675		19,921
Deferred costs and other	2,355		1,793
Aggregate net investment in leases	$	186,422	$	173,433

Sales-type and Direct Financing Leases, Lease Receivable, Maturity

The following table presents maturities of leases receivable as of the date indicated:


	March 31, 2026
	(In thousands)
Period ending December 31,
2026	$	48,781
2027	52,268
2028	39,255
2029	32,246
2030	7,308
Thereafter	3,828
Total undiscounted cash flows	183,686
Less: Unearned income	(19,294)
Present value of lease payments	$	164,392

Finance Receivable, Allowance For Loan Losses

The following tables present a summary of the activity in the ALLL on loans and leases HFI by loan portfolio segment for the periods indicated:
















	Three Months Ended March 31, 2026
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	137,401	$	8,849	$	86,087	$	13,275	$	245,612
Charge-offs	(5,374)		(8,077)		(1,737)		(909)		(16,097)
Recoveries	802		—		1,307		176		2,285
Net charge-offs	(4,572)		(8,077)		(430)		(733)		(13,812)
Provision	(1,315)		9,623		1,158		334		9,800
Balance, end of period	$	131,514	$	10,395	$	86,815	$	12,876	$	241,600

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	—	$	—	$	2,200	$	—	$	2,200
Collectively evaluated	$	131,514	$	10,395	$	84,615	$	12,876	$	239,400

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	153,985	$	—	$	29,258	$	—	$	183,243
Collectively evaluated	13,352,913		1,892,329		9,003,729		348,133		24,597,104
Ending balance	$	13,506,898	$	1,892,329	$	9,032,987	$	348,133	$	24,780,347
















	Three Months Ended March 31, 2025
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	145,754	$	10,940	$	67,833	$	14,833	$	239,360
Charge-offs	(5,789)		—		(9,582)		(1,180)		(16,551)
Recoveries	311		—		2,104		62		2,477
Net charge-offs	(5,478)		—		(7,478)		(1,118)		(14,074)
Provision	(10,160)		3,184		15,634		1,042		9,700
Balance, end of period	$	130,116	$	14,124	$	75,989	$	14,757	$	234,986

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	1,702	$	—	$	1,625	$	—	$	3,327
Collectively evaluated	$	128,414	$	14,124	$	74,364	$	14,757	$	231,659

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	198,839	$	—	$	11,371	$	—	$	210,210
Collectively evaluated	13,293,819		2,861,038		7,367,428		394,032		23,916,317
Ending balance	$	13,492,658	$	2,861,038	$	7,378,799	$	394,032	$	24,126,527

Collateral-dependent Finance Receivable

The following table summarizes collateral-dependent loans HFI by collateral type as of the following dates:


	March 31, 2026		December 31, 2025
	Real					Real		Business
	Property			Total		Property		Assets		Total
	(In thousands)
Real estate mortgage	$	156,275		$	156,275	$	155,233	$	—	$	155,233

Commercial	—			—		—		625		625

Total	$	156,275		$	156,275	$	155,233	$	625	$	155,858

Allowance for credit losses on financing receivables

The following tables present a summary of the activity in the ACL for the periods indicated:


	Three Months Ended March 31, 2026
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of period	$	245,612	$	34,921	$	280,533
Charge-offs	(16,097)		—		(16,097)
Recoveries	2,285		—		2,285
Net charge-offs	(13,812)		—		(13,812)
Provision	9,800		—		9,800
Balance, end of period	$	241,600	$	34,921	$	276,521
















	Three Months Ended March 31, 2025
	Allowance for		Reserve for		Total
	Loan and		Unfunded Loan		Allowance for
	Lease Losses		Commitments		Credit Losses
	(In thousands)
Balance, beginning of period	$	239,360	$	29,071	$	268,431
Charge-offs	(16,551)		—		(16,551)
Recoveries	2,477		—		2,477
Net charge-offs	(14,074)		—		(14,074)
Provision	9,700		500		10,200
Balance, end of period	$	234,986	$	29,571	$	264,557

Organization and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Significant Accounting Policies	Significant Accounting Policies Our accounting policies are described in "Note 1. Nature of Operations and Summary of Significant Accounting Policies", of our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the SEC ("Form 10-K").
Recently Issued Accounting Standards Not Yet Adopted	Recently Issued Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, "Disaggregation of Income Statement Expenses," requiring additional disclosure of income statement expenses, including categories like employee compensation, depreciation, and intangible asset amortization, as well as selling expenses. Companies must also qualitatively describe any remaining amounts not separately disclosed. In January 2025, the FASB also issued ASU 2025-01, "Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures-Clarifying the Effective Date," clarified that all public business entities must adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The disclosures apply prospectively, but retrospective application is allowed. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. In September 2025, the FASB issued ASU 2025-06, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software." The new standard clarifies and modernizes the accounting for costs related to internal-use software under ASC 350-40. Specifically, the amendments address the accounting for software developed using iterative and agile development methods, clarify the threshold for when capitalization of software costs should begin, and require the disclosure requirements of ASC 360-10. This guidance is effective for fiscal years beginning after December 15, 2027, with early adoption permitted. Entities may apply the guidance using one of three transition methods: prospective, modified retrospective (based on the project’s status and whether costs were previously capitalized), or full retrospective application. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. In November 2025, the FASB issued ASU 2025-08, “Financial Instruments—Credit Losses (Topic 326): Purchased Loans,” which updates the accounting for acquired loans under the CECL model. The amendments address application challenges under previous guidance, including the perceived double-counting of credit losses at acquisition, by expanding the gross-up approach and introducing the concept of purchased seasoned loans. Under the new standard, an ACL is recorded at acquisition with a corresponding adjustment to the loan’s amortized cost basis, eliminating the requirement for a day-one provision for certain acquired loans. Loans acquired in a business combination (excluding credit cards) are automatically considered purchased seasoned loans, while other loans qualify if acquired more than 90 days after origination and the acquirer was not involved in origination. The guidance is effective for fiscal years beginning after December 15, 2026, with early adoption permitted, and is to be applied prospectively. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures. In December 2025, the FASB issued ASU 2025‑11, “Interim Reporting (Topic 270): Narrow‑Scope Improvements,” which clarifies and consolidates interim reporting guidance under ASC 270 for entities issuing interim financial statements. In addition, the update establishes a disclosure principle requiring entities to disclose material events or changes since the end of the most recent annual reporting period. The amendment does not introduce new recognition, measurement, or disclosure requirements and are not intended to change the fundamental nature of interim reporting, but rather to enhance clarity and consistency in interim financial reporting. The guidance is effective for interim reporting periods within fiscal years beginning after December 15, 2027, with early adoption permitted. Entities may apply the guidance using either prospective or retrospective application. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures.
Basis of Presentation	Basis of Presentation The accounting and reporting policies of the Company are in accordance with U.S. generally accepted accounting principles, which we may refer to as U.S. GAAP. In the opinion of management, all significant intercompany accounts and transactions have been eliminated and adjustments, consisting solely of normal recurring accruals and considered necessary for the fair presentation of financial statements, have been included. The accompanying unaudited Consolidated Financial Statements as of March 31, 2026 and three months ended March 31, 2026 and 2025 have been prepared in accordance with U.S. GAAP for interim information and Article 10 of Regulation S-X and, therefore, do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Accordingly, these statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Form 10-K.
Use of Estimates	Use of Estimates The Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period to prepare these consolidated financial statements in conformity with U.S. GAAP. Actual results could differ from those estimates. Material estimates subject to change in the near term include, among other items, the ACL (the combination of the ALLL and the reserve for unfunded loan commitments) and the realization of deferred tax assets and liabilities. Estimates may be adjusted as more current information becomes available, and any adjustment may be significant.
Fair Value Election	The Company may elect to report financial instruments and certain other items at fair value on an instrument-by-instrument basis with changes in fair value reported in earnings. The election is made upon the initial recognition of an eligible financial asset, financial liability, or firm commitment or when certain specified reconsideration events occur. The fair value election may not otherwise be revoked once an election is made. The changes in fair value are recorded in "Noninterest income" on the consolidated statements of earnings. However, movements in debt valuation adjustments are reported as a component of "Accumulated other comprehensive loss, net" on the consolidated balance sheets. Debt valuation adjustments represent the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk.

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482836/275-10-55-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-4

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-SubTopic 10
-Topic 275
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-SubTopic 10
-Topic 275
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring

Fair Value Measurements

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair Value Option

The Company may elect to report financial instruments and certain other items at fair value on an instrument-by-instrument basis with changes in fair value reported in earnings. The election is made upon the initial recognition of an eligible financial asset, financial liability, or firm commitment or when certain specified reconsideration events occur. The fair value election may not otherwise be revoked once an election is made. The changes in fair value are recorded in "Noninterest income" on the consolidated statements of earnings. However, movements in debt valuation adjustments are reported as a component of "Accumulated other comprehensive loss, net" on the consolidated balance sheets. Debt valuation adjustments represent the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk.

Fair Value Option for Certain Debt Liabilities

The Company has elected the fair value option for the credit-linked notes issued in September 2022. The Company elected the fair value option because these exposures are considered to be structured notes, which are financial instruments that contain embedded derivatives. The notes are linked to the credit risk of an approximately $2.1 billion reference pool of previously purchased SFR mortgage loans. The principal balance of the credit-linked notes was $112.5 million at March 31, 2026. The carrying value of the credit-linked notes at March 31, 2026 was the estimated fair value of $111.3 million. Interest expense on the credit-linked notes totaled $4.1 million and $4.5 million for the three months ended March 31, 2026 and 2025, respectively, and was recorded in "Interest expense - borrowings" on the consolidated statements of earnings.

The following table presents the changes in fair value of the credit-linked notes for which the fair value option has been elected for the periods indicated:


	Three Months Ended March 31,

Credit-Linked Notes	2026		2025
	(In thousands)
Changes in fair value - gains included in earnings	$	94	$	482
Changes in fair value - other comprehensive (loss) income	$	(111)	$	146

The following table provides information about the credit-linked notes carried at fair value as of the dates indicated:


Credit-Linked Notes	March 31, 2026		December 31, 2025
	(In thousands)

Carrying value reported on the consolidated balance sheets	$	111,250	$	113,634
Aggregate unpaid principal balance in excess of fair value	$	1,203	$	1,220

Fair Value Measurements

The Company uses fair value to measure certain assets and liabilities on a recurring basis, primarily AFS securities, derivatives, and certain debt liabilities. For assets measured at the lower of cost or fair value, the fair value measurement criteria may or may not be met during a reporting period and such measurements are therefore considered “nonrecurring” for purposes of disclosing our fair value measurements. Fair value is used on a nonrecurring basis to adjust carrying values for individually evaluated loans and leases and OREO and also to record impairment on certain assets, such as goodwill, CDI, and other long-lived assets.

For information regarding the valuation methodologies used to measure our assets recorded at fair value (under ASC Topic 820), and for estimating fair value for financial instruments not recorded at fair value (under ASC Topic 825, as amended by ASU 2016-01 and ASU 2018-03), see "Note 1. Nature of Operations and Summary of Significant Accounting Policies" and "Note 15. Fair Value Measurements" to the Consolidated Financial Statements of the Form 10-K.

The Company also holds SBIC investments measured at fair value using the net asset value per share practical expedient that are not required to be classified in the fair value hierarchy. At March 31, 2026, the fair value of these investments was $122.6 million.

The following tables present information on the assets and liabilities measured and recorded at fair value on a recurring basis as of the dates indicated:


	Fair Value Measurements as of March 31, 2026
Measured on a Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Securities AFS:
Agency residential MBS	$	811,661	$	—	$	811,661	$	—

Agency commercial MBS	50,981		—		50,981		—
Agency residential CMOs	1,104,183		—		1,104,183		—

Corporate debt securities	231,958		—		229,708		2,250
Private label residential CMOs	233,184		—		233,184		—
Collateralized loan obligations	200,374		—		200,374		—
Private label commercial MBS	8,270		—		8,270		—
Asset-backed securities	12,661		—		12,661		—
SBA securities	3,060		—		3,060		—
Total securities AFS	$	2,656,332	$	—	$	2,654,082	$	2,250
Equity investments with readily determinable fair values	$	1,082	$	1,082	$	—	$	—
Derivatives (1):
Derivative assets
Cash flow hedges	5,818		—		5,818		—
Interest rate and foreign exchange contracts	4,362		—		4,362		—
Equity warrants	3,363		—		—		3,363
Derivative liabilities
Cash flow hedges	1,838		—		1,838		—
Interest rate and foreign exchange contracts	4,461		—		4,461		—
Credit-linked notes	111,250		—		—		111,250

___________________

(1) For information regarding derivative instruments, see "Note 9. Derivatives".


	Fair Value Measurements as of December 31, 2025
Measured on a Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Securities AFS:
Agency residential MBS	$	834,085	$	—	$	834,085	$	—

Agency commercial MBS	50,966		—		50,966		—
Agency residential CMOs	871,624		—		871,624		—

Corporate debt securities	241,596		—		239,226		2,370
Private label residential CMOs	228,975		—		228,975		—
Collateralized loan obligations	200,822		—		200,822		—
Private label commercial MBS	9,279		—		9,279		—
Asset-backed securities	13,249		—		13,249		—
SBA securities	3,462		—		3,462		—
Total securities AFS	$	2,454,058	$	—	$	2,451,688	$	2,370
Equity investments with readily determinable fair values	$	2	$	2	$	—	$	—
Derivatives (1):
Derivative assets

Interest rate and foreign exchange contracts	4,124		—		4,124		—
Equity warrants	3,437		—		—		3,437
Derivative liabilities
Cash flow hedges	4,065		—		4,065		—
Interest rate and foreign exchange contracts	4,156		—		4,156		—
Credit-linked notes	113,634		—		—		113,634

____________________

(1) For information regarding derivative instruments, see "Note 9. Derivatives".

During the three months ended March 31, 2026, there were $1.1 million transfers from Level 3 equity warrants to Level 1 equity investments with readily determinable fair values measured on a recurring basis. There was no transfer of AFS corporate debt securities from Level 3 to Level 2 during the three months ended March 31, 2026 and no transfer of AFS corporate debt securities from Level 2 to Level 3 during the same period.



	Corporate Debt Securities as of March 31, 2026

	Input or Range	Weighted Average
Unobservable Inputs	of Inputs	Input (1)
Spread to 10 Year Treasury	2.7% - 10.3%	4.8%
Discount rates	7.0% - 14.6%	9.2%

____________________

(1) Unobservable inputs for corporate debt securities were weighted by the relative fair values of the instruments.



	Equity Warrants as of March 31, 2026

	Range	Weighted Average
Unobservable Inputs	of Inputs	Input (1)
Volatility (1)	23.5% - 1,027.0%	24.7%
Risk-free interest rate	3.7% - 3.9%	3.8%
Remaining life assumption (in years)	0.08 - 4.99	3.24 years

____________________

(1) Unobservable inputs for equity warrants were weighted by the relative fair values of the instruments.

The following table summarizes activity for our Level 3 corporate debt securities AFS, equity warrants, and credit-linked notes measured at fair value on a recurring basis for the period indicated:


	Corporate		Equity		Credit-Linked
	Debt Securities		Warrants		Notes
	(In thousands)
Balance, December 31, 2025	$	2,370	$	3,437	$	113,634
Total included in earnings	—		—		(94)
Total included in other comprehensive income	(120)		938		111

Issuances	—		143		—
Principal payments	—		—		(2,401)




Exercises and settlements	—		(51)		—

Transfers to Level 1 (equity investments with readily determinable fair values)	—		(1,104)		—
Balance, March 31, 2026	$	2,250	$	3,363	$	111,250

Unrealized net loss for the period included in other
comprehensive income for securities held at quarter-end	$	(750)

The following tables present assets measured at fair value on a non-recurring basis as of the dates indicated:


	Fair Value Measurement as of March 31, 2026
Measured on a Nonrecurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Individually evaluated loans and leases	$	50,721	$	—	$	24,129	$	26,592

OREO	290		—		290		—
Total non-recurring	$	51,011	$	—	$	24,419	$	26,592


	Fair Value Measurement as of December 31, 2025
Measured on a Nonrecurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Individually evaluated loans and leases	$	52,443	$	—	$	48,401	$	4,042
OREO	248		—		248		—
Total non-recurring	$	52,691	$	—	$	48,649	$	4,042

In addition to individually evaluated loans and leases and OREO, loans HFS are carried at the LOCOM and may be measured at fair value on a nonrecurring basis when fair value is less than cost. Fair value is based on active bids and other observable market inputs, such as appraised value of the underlying collaterals, adjusted for specific attributes of that loan or other available market data for similar loans. Loans HFS are classified as Level 2 in the fair value hierarchy.

The following table presents losses recognized on assets measured on a nonrecurring basis for the periods indicated:



	Three Months Ended March 31,
Loss on Assets Measured on a Non‑Recurring Basis	2026		2025
	(In thousands)
Individually evaluated loans and leases	$	5,023	$	11,285

OREO	44		266
Total losses	$	5,067	$	11,551

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis as of the date indicated:

March 31, 2026

Valuation

Unobservable

Input or

Weighted

Asset

Fair Value

Technique

Inputs

Range

Average

(In thousands)

Individually evaluated loans and leases

26,592

Third party appraisal

Discount from appraisal

7.75% - 7.75%

7.75%

Total non-recurring Level 3

26,592

The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated:


	March 31, 2026
	Carrying		Estimated Fair Value
	Amount		Total		Level 1		Level 2		Level 3
	(In thousands)
Financial Assets:
Cash and due from banks	$	214,120	$	214,120	$	214,120	$	—	$	—
Interest-earning deposits in financial institutions	2,003,149		2,003,149		2,003,149		—		—
Securities AFS	2,656,332		2,656,332		—		2,654,082		2,250
Securities HTM	2,313,548		2,227,000		184,111		2,038,915		3,974
Investment in FRB and FHLB stock	170,342		170,342		—		170,342		—
Loans HFS	259,049		259,429		—		259,429		—
Loans and leases HFI, net	24,538,747		23,526,921		—		24,129		23,502,792
Equity investments with readily determinable fair values	1,082		1,082		1,082		—		—
Equity warrants	3,363		3,363		—		—		3,363
Cash flow hedges	5,818		5,818		—		5,818		—
Interest rate and foreign exchange contracts	4,362		4,362		—		4,362		—
Servicing rights	16,968		18,653		—		—		18,653

Financial Liabilities:
Demand, checking, money market, and savings deposits	22,610,386		22,610,386		—		22,610,386		—
Time deposits	4,711,748		4,699,767		—		4,699,767		—
Borrowings	2,551,250		2,552,604		440,000		2,001,354		111,250
Subordinated debt	954,072		934,399		—		934,399		—
Cash flow hedges	1,838		1,838		—		1,838		—
Interest rate and foreign exchange contracts	4,461		4,461		—		4,461		—


	December 31, 2025
	Carrying		Estimated Fair Value
	Amount		Total		Level 1		Level 2		Level 3
	(In thousands)
Financial Assets:
Cash and due from banks	$	181,103	$	181,103	$	181,103	$	—	$	—
Interest-earning deposits in financial institutions	2,126,862		2,126,862		2,126,862		—		—
Securities AFS	2,454,058		2,454,058		—		2,451,688		2,370
Securities HTM	2,308,636		2,246,526		185,088		2,057,189		4,249
Investment in FRB and FHLB stock	160,442		160,442		—		160,442		—
Loans HFS	182,936		183,083		—		183,083		—
Loans and leases HFI, net	24,787,067		23,871,794		—		48,401		23,823,393
Equity investments with readily determinable fair values	2		2		2		—		—
Equity warrants	3,437		3,437		—		—		3,437

Interest rate and foreign exchange contracts	4,124		4,124		—		4,124		—
Servicing rights	17,480		19,427		—		—		19,427

Financial Liabilities:
Demand, checking, money market, and savings deposits	23,156,094		23,156,094		—		23,156,094		—
Time deposits	4,687,263		4,684,099		—		4,684,099		—
Borrowings	2,063,819		2,069,076		275,185		1,680,257		113,634
Subordinated debt	952,740		934,819		—		934,819		—
Cash flow hedges	4,065		4,065		—		4,065		—
Interest rate and foreign exchange contracts	4,156		4,156		—		4,156		—

Limitations

Fair value estimates are made at a specific point in time and are based on relevant market information and information about the financial instrument. These estimates do not reflect income taxes or any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a portion of the Company’s financial instruments, fair value estimates are based on what management believes to be reasonable judgments regarding expected future cash flows, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimated fair values are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Since the fair values have been estimated as of March 31, 2026, the amounts that will actually be realized or paid at settlement or maturity of the instruments could be significantly different.

Investment Securities (Tables)

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

Schedule of available-for-sale securities reconciliation

The following tables present amortized cost, gross unrealized gains and losses, and fair values of AFS securities as of the dates indicated:


	March 31, 2026
			Allowance				Gross		Gross
	Amortized		for Credit		Net Carrying		Unrealized		Unrealized		Fair
Security Type	Cost		Losses		Amount		Gains		Losses		Value
	(In thousands)
Agency residential MBS	$	951,650	$	—	$	951,650	$	—	$	(139,989)	$	811,661

Agency commercial MBS	52,030		—		52,030		—		(1,049)		50,981
Agency residential CMOs	1,122,858		—		1,122,858		1,423		(20,098)		1,104,183

Corporate debt securities	246,475		(775)		245,700		880		(14,622)		231,958
Private label residential CMOs	259,984		—		259,984		157		(26,957)		233,184
Collateralized loan obligations	200,306		—		200,306		155		(87)		200,374
Private label commercial MBS	8,742		—		8,742		—		(472)		8,270
Asset-backed securities	12,637		—		12,637		24		—		12,661
SBA securities	3,221		—		3,221		—		(161)		3,060
Total (1)	$	2,857,903	$	(775)	$	2,857,128	$	2,639	$	(203,435)	$	2,656,332

_________________________

(1) Excludes accrued interest receivable of $12.3 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheets.


	December 31, 2025
			Allowance				Gross		Gross
	Amortized		for Credit		Net Carrying		Unrealized		Unrealized		Fair
Security Type	Cost		Losses		Amount		Gains		Losses		Value
	(In thousands)
Agency residential MBS	$	972,161	$	—	$	972,161	$	—	$	(138,076)	$	834,085

Agency commercial MBS	52,022		—		52,022		44		(1,100)		50,966
Agency residential CMOs	883,067		—		883,067		3,857		(15,300)		871,624

Corporate debt securities	257,236		(775)		256,461		576		(15,441)		241,596
Private label residential CMOs	254,787		—		254,787		522		(26,334)		228,975
Collateralized loan obligations	200,519		—		200,519		303		—		200,822
Private label commercial MBS	9,746		—		9,746		—		(467)		9,279
Asset-backed securities	13,242		—		13,242		7		—		13,249
SBA securities	3,634		—		3,634		—		(172)		3,462
Total (1)	$	2,646,414	$	(775)	$	2,645,639	$	5,309	$	(196,890)	$	2,454,058

_________________________

(1) Excludes accrued interest receivable of $11.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.

Unrealized losses on investment securities available-for-sale

The following tables present the gross unrealized losses and fair values of AFS securities that were in unrealized loss positions as of the dates indicated:


	March 31, 2026
	Less Than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Security Type	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Agency residential MBS	$	—	$	—	$	811,661	$	(139,989)	$	811,661	$	(139,989)

Agency commercial MBS	18,951		(51)		32,030		(998)		50,981		(1,049)
Agency residential CMOs	748,392		(5,689)		83,847		(14,409)		832,239		(20,098)

Corporate debt securities	16,319		(181)		189,534		(14,441)		205,853		(14,622)
Private label residential CMOs	42,560		(286)		123,921		(26,671)		166,481		(26,957)
Collateralized loan obligations	24,913		(87)		—		—		24,913		(87)
Private label commercial MBS	—		—		8,270		(472)		8,270		(472)

SBA securities	—		—		3,060		(161)		3,060		(161)
Total	$	851,135	$	(6,294)	$	1,252,323	$	(197,141)	$	2,103,458	$	(203,435)


	December 31, 2025
	Less Than 12 Months				12 Months or More				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Security Type	Value		Losses		Value		Losses		Value		Losses
	(In thousands)
Agency residential MBS	$	—	$	—	$	834,085	$	(138,076)	$	834,085	$	(138,076)

Agency commercial MBS	4,994		(6)		32,006		(1,094)		37,000		(1,100)
Agency residential CMOs	70,270		(117)		101,501		(15,183)		171,771		(15,300)

Corporate debt securities	—		—		188,545		(15,441)		188,545		(15,441)
Private label residential CMOs	19,672		(8)		127,020		(26,326)		146,692		(26,334)

Private label commercial MBS	—		—		9,279		(467)		9,279		(467)

SBA securities	—		—		3,462		(172)		3,462		(172)
Total	$	94,936	$	(131)	$	1,295,898	$	(196,759)	$	1,390,834	$	(196,890)

Available-for-sale Investments Classified by Contractual Maturity Date

The following tables present the contractual maturities of our AFS securities portfolio based on amortized cost and fair value as of the dates indicated:


	March 31, 2026
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Amortized Cost:
Agency residential MBS	$	—	$	—	$	—	$	951,650	$	951,650

Agency commercial MBS	—		40,235		—		11,795		52,030
Agency residential CMOs	—		—		13,353		1,109,505		1,122,858

Corporate debt securities	—		69,888		176,587		—		246,475
Private label residential CMOs	—		—		—		259,984		259,984
Collateralized loan obligations	—		—		93,763		106,543		200,306
Private label commercial MBS	—		—		5,272		3,470		8,742
Asset-backed securities	—		—		—		12,637		12,637
SBA securities	—		—		3,221		—		3,221
Total Amortized Cost:	$	—	$	110,123	$	292,196	$	2,455,584	$	2,857,903
Fair Value:
Agency residential MBS	$	—	$	—	$	—	$	811,661	$	811,661

Agency commercial MBS	—		40,150		—		10,831		50,981
Agency residential CMOs	—		—		13,555		1,090,628		1,104,183

Corporate debt securities	—		67,935		164,023		—		231,958
Private label residential CMOs	—		—		—		233,184		233,184
Collateralized loan obligations	—		—		93,744		106,630		200,374
Private label commercial MBS	—		—		4,954		3,316		8,270
Asset-backed securities	—		—		—		12,661		12,661
SBA securities	—		—		3,060		—		3,060
Total Fair Value:	$	—	$	108,085	$	279,336	$	2,268,911	$	2,656,332

Schedule of held-to-maturity securities reconciliation

The following tables present amortized cost, ACL, gross unrealized gains and losses, and fair values of HTM securities as of the dates indicated:


	March 31, 2026
	Amortized		Allowance for		Net Carrying		Gross Unrealized		Gross Unrealized		Fair
Security Type	Cost		Credit Losses		Amount		Gains		Losses		Value
	(In thousands)

Municipal securities	$	1,238,920	$	(20)	$	1,238,900	$	248	$	(35,299)	$	1,203,849
Agency commercial MBS	448,918		—		448,918		—		(21,671)		427,247
Private label commercial MBS	361,672		—		361,672		—		(13,197)		348,475
U.S. Treasury securities	193,784		—		193,784		—		(9,673)		184,111
Corporate debt securities	70,949		(675)		70,274		—		(6,956)		63,318





Total (1)	$	2,314,243	$	(695)	$	2,313,548	$	248	$	(86,796)	$	2,227,000

__________________________

(1) Excludes accrued interest receivable of $11.2 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheet


	December 31, 2025
	Amortized		Allowance for		Net Carrying		Gross Unrealized		Gross Unrealized		Fair
Security Type	Cost		Credit Losses		Amount		Gains		Losses		Value
	(In thousands)

Municipal securities	$	1,237,792	$	(20)	$	1,237,772	$	2,052	$	(20,713)	$	1,219,111
Agency commercial MBS	447,283		—		447,283		—		(19,645)		427,638
Private label commercial MBS	360,382		—		360,382		—		(9,606)		350,776
U.S. Treasury securities	193,022		—		193,022		—		(7,934)		185,088
Corporate debt securities	70,852		(675)		70,177		—		(6,264)		63,913





Total (1)	$	2,309,331	$	(695)	$	2,308,636	$	2,052	$	(64,162)	$	2,246,526

__________________________

(1) Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.

Debt Securities, Held-to-maturity, Credit Quality Indicator

The following tables present our HTM securities portfolio by the lowest available credit rating as of the dates indicated:


	March 31, 2026
Security Type	AAA		AA+		AA		AA-		BBB		NR		Total
	(In thousands)
Amortized Cost:
Municipal securities	$	567,345	$	364,053	$	221,393	$	84,429	$	1,700	$	—	$	1,238,920
Agency commercial MBS	—		448,918		—		—		—		—		448,918
Private label commercial MBS	361,672		—		—		—		—		—		361,672
U.S. Treasury securities	—		193,784		—		—		—		—		193,784
Corporate debt securities	—		—		—		—		44,683		26,266		70,949
Total	$	929,017	$	1,006,755	$	221,393	$	84,429	$	46,383	$	26,266	$	2,314,243


	December 31, 2025
Security Type	AAA		AA+		AA		AA-		BBB		NR		Total
	(In thousands)
Amortized Cost:
Municipal securities	$	567,140	$	363,823	$	220,823	$	84,302	$	1,704	$	—	$	1,237,792
Agency commercial MBS	—		447,283		—		—		—		—		447,283
Private label commercial MBS	360,382		—		—		—		—		—		360,382
U.S. Treasury securities	—		193,022		—		—		—		—		193,022
Corporate debt securities	—		—		—		—		44,646		26,206		70,852
Total	$	927,522	$	1,004,128	$	220,823	$	84,302	$	46,350	$	26,206	$	2,309,331

Held-to-Maturity Investments Classified by Contractual Maturity Date

The following tables present the contractual maturities of our HTM securities portfolio based on amortized cost and fair value as of the date indicated:


	March 31, 2026
	Due Within		Due after One Year		Due After Five Years		Due After
Security Type	One Year		Through Five Years		Through Ten Years		Ten Years		Total
	(In thousands)
Amortized Cost:

Municipal securities	$	—	$	160,750	$	404,033	$	674,137	$	1,238,920
Agency commercial MBS	—		69,620		379,298		—		448,918
Private label commercial MBS	—		—		37,421		324,251		361,672
U.S. Treasury securities	—		—		193,784		—		193,784
Corporate debt securities	—		—		53,775		17,174		70,949





Total Amortized Cost:	$	—	$	230,370	$	1,068,311	$	1,015,562	$	2,314,243
Fair Value:

Municipal securities	$	—	$	158,795	$	394,729	$	650,325	$	1,203,849
Agency commercial MBS	—		67,053		360,194		—		427,247
Private label commercial MBS	—		—		36,235		312,240		348,475
U.S. Treasury securities	—		—		184,111		—		184,111
Corporate debt securities	—		—		48,945		14,373		63,318





Total Fair Value:	$	—	$	225,848	$	1,024,214	$	976,938	$	2,227,000

Investment income

The following table presents the composition of our interest income on investment securities for the periods indicated:


	Three Months Ended March 31,

	2026		2025
	(In thousands)
Taxable interest	$	33,969	$	31,447
Non-taxable interest	4,362		4,517
Dividend income	3,542		1,898
Total interest income on investment securities	$	41,873	$	37,862

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Schedule of Derivative Instruments

Revenue From Contracts With Customers - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Receivables, which are included in "Other assets"	$ 1,766	$ 2,147
Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$ 261	$ 279

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Total	Voting Common Stock	Non-Voting Common Stock Equivalents	Share Repurchase Program 03/23/2026	Private Capital	Preferred Stock	Non-Voting Common Stock Equivalents	Non-Voting Common Stock Equivalents Common Stock	Class B Nonvoting	Class B Nonvoting Common Stock	Voting Common Stock	Voting Common Stock Common Stock	Voting Common Stock Restricted Stock-Based Compensation Common Stock	Voting Common Stock Restricted Stock-Based Compensation Surrendered Common Stock	Nonvoting Common Stock Equivalents	Nonvoting Common Stock Equivalents Common Stock	Common Stock, Voting Share Repurchase Program 03/23/2026	Preferred Stock	Common Stock	Common Stock Class B Nonvoting	Common Stock Voting Common Stock	Class B Nonvoting Non-Voting Common Stock Equivalents	Additional Paid-in Capital	Additional Paid-in Capital Share Repurchase Program 03/23/2026	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Stockholders' Equity Disclosure [Rollforward]
Preferred stock outstanding (shares)						513,250
Common stock, outstanding (in shares)										477,321		158,557,735
Common stock, issued (in shares)																(9,790,600)
Preferred stock dividends declared per share (usd per share)	$ 0.4845
Common stock dividends declared per share (usd per share)	$ 0.10
Beginning Period Balance at Dec. 31, 2024	$ 3,499,949,000																	$ 498,516,000	$ 1,586,000	$ 5,000		$ 98,000	$ 3,785,725,000		$ (431,201,000)	$ (354,780,000)
Stockholders' Equity Disclosure [Rollforward]
Net earnings	53,568,000																								53,568,000
Other comprehensive income, net of tax	31,460,000																									31,460,000
Restricted stock awarded and earned stock compensation, net of shares forfeited	5,495,000																		2,000				5,493,000
Restricted stock surrendered	(2,699,000)																						(2,699,000)
Dividend Reinvestment Plan	72,000																						72,000
Shares Repurchased Under Stock Repurchased Program, Including Excise Tax				$ (38,931,000)													$ (27,000)							$ (38,904,000)
Dividends, Preferred Stock	(9,947,000)
Cash dividends paid	(17,311,000)																						(17,311,000)
Stock Issued During Period, Shares, Dividend Reinvestment Plan												5,146
Conversion of non-voting common stock equivalents to Voting Common Stock								0				(2,684,823)
Ending Period Balance at Mar. 31, 2025	$ 3,521,656,000																	498,516,000	1,561,000	5,000		98,000	3,732,376,000		(387,580,000)	(323,320,000)
Stockholders' Equity Disclosure [Rollforward]
Preferred stock outstanding (shares)						513,250
Common stock, outstanding (in shares)										477,321		156,135,165
Common stock, issued (in shares)													(440,587)	(183,480)		(9,790,600)
Preferred stock outstanding (shares)						513,250
Common stock, outstanding (in shares)	149,963,520									477,321		150,039,018
Common stock, issued (in shares)	(150,039,018)								(477,321)							(5,017,064)
Beginning Period Balance at Dec. 31, 2025	$ 3,541,277,000																	498,516,000	1,500,000	5,000		50,000	3,552,483,000		(242,016,000)	(269,261,000)
Stockholders' Equity Disclosure [Rollforward]
Net earnings	71,952,000																								71,952,000
Other comprehensive income, net of tax	1,326,000																									1,326,000
Restricted stock awarded and earned stock compensation, net of shares forfeited	5,636,000																		5,000			0	5,631,000
Conversion of Stock, Amount Issued											$ (40,000)				$ (40,000)
Restricted stock surrendered	(5,574,000)																						(5,574,000)
Dividend Reinvestment Plan	115,000																						115,000
Common shares purchased under Dividend Reinvestment Plan including excise tax	(12,080,000)																				$ (7,000)		(12,073,000)
Non-Voting Common Stock, Equivalents Repurchased	(20,200,000)						$ (10,000)																(20,190,000)
Dividends, Preferred Stock	(9,947,000)
Cash dividends paid	(19,179,000)																						(19,179,000)
Stock Issued During Period, Shares, Dividend Reinvestment Plan												6,634
Stock repurchased (in shares)												(709,935)
Conversion of non-voting common stock equivalents to Voting Common Stock															(1,000,000)
Conversion of Stock, Shares Issued		4,017,064	(4,017,064)
Proceeds from Issuance of Private Placement					$ 0
Ending Period Balance at Mar. 31, 2026	$ 3,553,326,000																	$ 498,516,000	$ 1,538,000	$ 5,000		$ 0	$ 3,501,213,000		$ (180,011,000)	$ (267,935,000)
Stockholders' Equity Disclosure [Rollforward]
Preferred stock outstanding (shares)	513,250					513,250
Common stock, outstanding (in shares)	153,722,123								477,321	477,321		153,784,724
Common stock, issued (in shares)	(153,784,724)								(477,321)				(723,872)	(291,929)		0

Derivatives (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Notional Amount	$ 2,334,844	$ 1,576,128
Fair Value Hedge Assets	13,543	7,561
Hedged Liability, Fair Value Hedge	6,299	8,221
Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	680,000	300,000
Fair Value Hedge Assets	319	0
Hedged Liability, Fair Value Hedge	1,838	4,043
Interest rate collars
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	1,000,000	1,000,000
Fair Value Hedge Assets	45	0
Hedged Liability, Fair Value Hedge	0	22
Interest rate caps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	380,000	0
Fair Value Hedge Assets	5,454	0
Hedged Liability, Fair Value Hedge	0	0
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Notional Amount	148,798	150,652
Fair Value Hedge Assets	4,154	4,124
Hedged Liability, Fair Value Hedge	4,106	4,079
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Notional Amount	112,611	111,390
Fair Value Hedge Assets	208	0
Hedged Liability, Fair Value Hedge	355	77
Equity warrant assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Notional Amount	13,435	14,086
Fair Value Hedge Assets	3,363	3,437
Hedged Liability, Fair Value Hedge	$ 0	$ 0

Derivatives (Tables)

3 Months Ended

Mar. 31, 2026

Derivatives [Abstract]

The following table presents the U.S. dollar notional amounts and fair values of our derivative instruments included in the consolidated balance sheets as of the dates indicated:


	March 31, 2026						December 31, 2025
	Notional		Fair Value				Notional		Fair Value
	Amount		Asset		Liability		Amount		Asset		Liability
	(In thousands)
Derivatives Designated as Cash Flow Hedges:
Interest rate swaps	$	680,000	$	319	$	1,838	$	300,000	$	—	$	4,043
Interest rate collars	1,000,000		45		—		1,000,000		—		22
Interest rate caps	380,000		5,454		—		—		—		—
Derivatives Not Designated as Hedging Instruments:
Interest rate contracts	148,798		4,154		4,106		150,652		4,124		4,079
Foreign exchange contracts	112,611		208		355		111,390		—		77
Equity warrant assets	13,435		3,363		—		14,086		3,437		—
Total contracts	$	2,334,844	$	13,543	$	6,299	$	1,576,128	$	7,561	$	8,221

Leases Leases - Schedule of Payments to be Received on Operating Leases (Details) $ in Thousands	Mar. 31, 2026 USD ($)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
2026	$ 22,514
2027	27,749
2028	26,830
2029	24,898
2030	18,246
Thereafter	27,737
Total undiscounted cash flows	$ 147,974

Loans and Leases Held for Investment - Leases Receivable Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Receivables [Abstract]
Direct Financing Lease, Interest Income	$ 3,552	$ 4,055

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Leases [Abstract]
Operating cash flows from operating leases	$ 7,848	$ 8,323
Operating leases	$ 3,546	$ 3,942

Fair Value Measurements - Activity for Level 3 Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Mar. 31, 2025

Other Borrowings, Fair Value Disclosure

$ 111,250

$ 113,634

Proceeds from borrowings

489,815

$ 279,842

Unrealized net holding (losses) gains on securities AFS arising during the period

(9,215)

15,671

$ 38,470

Credit-linked notes

Other Borrowings, Fair Value Disclosure

111,250

113,634

Level 3

Equity warrants, Balance, beginning of period

3,437

Total included in earnings

Total included in other comprehensive income

938

Payments for Repurchase of Warrants

Sales, Equity Warrants

143

Equity warrants, Balance, end of period

3,437

Warrant income (loss)

Fair Value, Equity, Transfers to Level 1, Amount

(1,104)

Level 3 | Credit-linked notes

Total included in earnings

(94)

Total included in other comprehensive income

111

Proceeds from borrowings

Repayments of borrowings

(2,401)

Debt Securities Exercises and Settlements

Fair Value, Equity, Transfers to Level 1, Amount

Level 3 | Corporate debt securities

Total included in earnings

Proceeds from borrowings

Repayments of borrowings

Debt Securities Exercises and Settlements

Fair Value, Measurements, Recurring

Equity warrants, Balance, beginning of period

3,437

Equity warrants, Balance, end of period

3,363

^[1]

3,437

Fair Value, Measurements, Recurring | Level 3

Equity warrants, Balance, beginning of period

3,437

Equity warrants, Balance, end of period

3,363

3,437

Fair Value, Measurements, Recurring | Level 3 | Corporate debt securities

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value

2,250

2,370

Total included in other comprehensive income

(120)

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value

2,370

Fair Value, Measurements, Nonrecurring

Fair Value, Measurements, Nonrecurring | Non Purchased Credit Impaired Loans and Leases

51,011

52,691

Fair Value, Measurements, Nonrecurring | Level 3

50,721

52,443

Fair Value, Measurements, Nonrecurring | Level 3 | Non Purchased Credit Impaired Loans and Leases

26,592

4,042

Asset-backed | Fair Value, Measurements, Recurring | Level 3

26,592

$ 4,042