1010
Condensed Consolidated Statements of Income
2023
2022
% Change
Years Ended December 31,
Net interest income
Provision for credit losses
Noninterest income
Noninterest expense
$241,516
$239,961
4,990
11,500
35,972
57,920
185,866
160,644
Income before income tax expense
86,632
125,737
Income tax expense
Net income
25,116
31,477
$61,516
$94,260
1%
-57%
-38%
16%
-31%
-20%
-35%
Diluted earnings per common share
$4.08
$6.56
-38%
Return on average assets
0.73%
1.20%
Return on average tangible common equity
10.58%
17.96%
Efficiency ratio
59.50%
54.15%
-0.47%
-7.38%
5.35%
Condensed Consolidated Balance Sheets
2023
2022
% Change
At December 31,
Cash and cash equivalents
$491,431
$154,723
Securities
Loans, net
802,573
1,596,746
6,290,332
6,118,670
Goodwill and other intangibles
394,366
402,438
All other assets
Total assets
Deposits
Wholesale funding
Other liabilities
Common equity
489,976
491,392
$8,468,678
$8,763,969
$7,197,800
$7,178,921
166,930
542,342
64,941
70,177
1,039,007
972,529
Total liabilities and stockholders' equity
$8,468,678
$8,763,969
Book value
Tangible book value*
$69.76
$43.28
$66.20
$38.81
218%
-50%
3%
-2%
0%
-3%
0%
-69%
-7%
7%
-3%
5%
12%
20