0001628280-26-054876 | 10-Q | XBRL Viewer

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Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Aug. 07, 2026	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jul. 31, 2026	Dec. 31, 2025
Subsequent Event [Line Items]
Common stock dividends declared per share (usd per share)		$ 0.12	$ 0.12	$ 0.10	$ 0.10
Preferred stock dividends declared per share (usd per share)		$ 0.4845	$ 0.4845	$ 0.4845	$ 0.4845
Total securities AFS		$ 4,484,021					$ 2,454,058
Subsequent Events
Subsequent Event [Line Items]
Common stock dividends declared per share (usd per share)	$ 0.12
Preferred stock dividends declared per share (usd per share)	$ 0.4845
Subsequent Events \| Real estate mortgage
Subsequent Event [Line Items]
Total securities AFS						$ 827,000

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

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+ Details

Borrowings and Subordinated Debt - Schedule of Borrowings and Debentures (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Total borrowings, net	$ 2,460,363	$ 2,063,819
Weighted Average Rate	4.36%	4.47%
FHLB secured advances \| FHLB secured advances
Debt Instrument [Line Items]
FHLB secured advances	$ 2,350,000	$ 1,710,185
Weighted Average Rate	3.88%	3.90%
Other short-term borrowings
Debt Instrument [Line Items]
Other short-term borrowings	$ 0	$ 240,000
Weighted Average Rate	0.00%	3.69%
Credit-linked notes
Debt Instrument [Line Items]
Credit-linked notes	$ 110,363	$ 113,634
Weighted Average Rate	14.40%	14.63%

Investment Securities - Schedule of Securities Held-to-Maturity Credit Quality Indicators (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	$ 2,309,331
AAA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	927,522
AA+
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	1,004,128
AA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	220,823
AA-
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	84,302
BBB
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	46,350
NR
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	26,206
Municipal securities
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	1,237,792
Municipal securities \| AAA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	567,140
Municipal securities \| AA+
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	363,823
Municipal securities \| AA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	220,823
Municipal securities \| AA-
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	84,302
Municipal securities \| BBB
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	1,704
Municipal securities \| NR
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Agency commercial MBS
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	447,283
Agency commercial MBS \| AAA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Agency commercial MBS \| AA+
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	447,283
Agency commercial MBS \| AA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Agency commercial MBS \| AA-
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Agency commercial MBS \| BBB
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Agency commercial MBS \| NR
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Private label commercial MBS
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	360,382
Private label commercial MBS \| AAA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	360,382
Private label commercial MBS \| AA+
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Private label commercial MBS \| AA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Private label commercial MBS \| AA-
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Private label commercial MBS \| BBB
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Private label commercial MBS \| NR
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
U.S. Treasury securities
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	193,022
U.S. Treasury securities \| AAA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
U.S. Treasury securities \| AA+
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	193,022
U.S. Treasury securities \| AA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
U.S. Treasury securities \| AA-
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
U.S. Treasury securities \| BBB
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
U.S. Treasury securities \| NR
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Corporate debt securities
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	70,852
Corporate debt securities \| AAA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Corporate debt securities \| AA+
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Corporate debt securities \| AA
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Corporate debt securities \| AA-
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	0
Corporate debt securities \| BBB
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	44,646
Corporate debt securities \| NR
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost	$ 26,206

Revenue From Contracts With Customers - Narrative (Details)	6 Months Ended
	Jun. 30, 2026 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 35,000

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 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 a 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, occupancy expense, insurance and assessments expense, information technology and data processing 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," which 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 is 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 June 30, 2026 and six months ended June 30, 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.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net (loss) earnings	$ (169,395)	$ 81,953
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Depreciation and amortization	24,379	25,369
Amortization of net premiums on investment securities	9,073	10,034
Accretion of net purchased loan discounts and deferred loan fees	(31,587)	(42,852)
Amortization of intangible assets	12,883	14,319
Amortization of operating lease ROU assets	11,681	11,750
Provision for credit losses	171,580	48,400
Loss (gain) on sale of foreclosed assets	184	(115)
Provision for losses on foreclosed assets	50	633
Gain on sale of loans and leases	(13)	(241)
Loss on sale of premises and equipment	1	0
Loss on securities AFS	256,749	0
Unrealized (gain) loss on derivatives, foreign currencies, and credit-linked notes, net	(1,015)	271
LOCOM HFS adjustment	12,547	9
Earned stock compensation	9,832	11,932
(Increase) decrease in other assets	(160,754)	28,605
Increase (decrease) in accrued interest payable and other liabilities	64,217	(112,231)
Net cash provided by operating activities	210,412	77,836
Cash flows from investing activities:
Net increase in loans and leases	(216,430)	(949,050)
Proceeds from sales of loans and leases	146,538	32,421
Proceeds from maturities and paydowns of securities AFS	264,169	209,739
Proceeds from sales of securities AFS	2,209,843	0
Purchases of securities AFS	(2,291,503)	(166,865)
Proceeds from maturities and paydowns of securities HTM	748	614
Purchases of FHLB and FRB stock	(26,565)	(16,256)
Redemptions of FHLB and FRB stock	5,655	1,786
Proceeds from sales of foreclosed assets	2,666	7,068
Purchases of premises and equipment	(6,000)	(2,794)
Proceeds from BOLI death benefit	7,957	0
Net decrease in equipment leased to others under operating leases	9,316	5,055
Net cash provided by (used in) investing activities	106,394	(878,282)
Cash flows from financing activities:
Net decrease in noninterest-bearing deposits	(64,668)	(278,797)
Net increase in interest-bearing deposits	342,493	615,321
Repayments of borrowings	(393,282)	(176,184)
Proceeds from borrowings	789,815	700,000
Redemption of subordinated debt	(385,000)	0
Common shares repurchased under Stock Repurchase Program	(32,171)	(151,845)
Common shares purchased under Dividend Reinvestment Plan	0	144
Restricted stock surrendered	(6,234)	(3,387)
Preferred stock dividends paid	(19,894)	(19,894)
Common stock dividends paid	(37,775)	(33,572)
Net cash provided by financing activities	193,284	651,786
Net decrease in cash, cash equivalents, and restricted cash	510,090	(148,660)
Cash, cash equivalents, and restricted cash, beginning of period	2,307,965	2,502,212
Cash, cash equivalents, and restricted cash, end of period	2,818,055	2,353,552
Supplemental disclosures of cash flow information:
Cash paid for interest	324,837	373,260
Cash paid (received) for income taxes	24,599	(8,164)
Loans transferred to foreclosed assets	2,104	5,673
Transfers from loans HFI to loans HFS	813,181	441,248
Transfers from securities HTM to securities AFS	$ 2,317,572	$ 0

Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Credit-Linked Notes Carried (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Fair Value Disclosures [Abstract]
Carrying value reported on the consolidated balance sheets	$ 110,363	$ 113,634
Aggregate unpaid principal balance in excess of fair value	$ 1,209	$ 1,220

Goodwill and Other Intangible Assets, Net - Schedule of Rollforward of Accumulated Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Finite-lived Intangible Assets [Roll Forward]
Balance, beginning of period	$ 178,764	$ 178,764	$ 178,764	$ 178,764
CRI write-off	(264)	0	(264)	0
Balance, end of period	178,500	178,764	178,500	178,764
Balance, beginning of period	(79,672)	(52,827)	(73,477)	(45,820)
Amortization expense	(6,197)	(7,007)	(12,392)	(14,014)
Elimination upon CRI write-off	78	0	78	0
Balance, end of period	(85,791)	(59,834)	(85,791)	(59,834)
Net CDI and CRI, end of period	$ 92,709	$ 118,930	$ 92,709	$ 118,930

- Definition

Amount of amortization expense for finite-lived intangible asset. Excludes goodwill and capitalized cost for software to be sold, leased, or marketed.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
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+ Details

Leases - Schedule of Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Period ending December 31,
2026	$ 15,806
2027	27,502
2028	23,167
2029	18,519
2030	14,730
Thereafter	27,464
Total operating lease liabilities	127,188
Less: Imputed interest	(13,028)
Present value of operating lease liabilities	$ 114,160	$ 120,587

Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Assets Measured at Fair Value on a Non-Recurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and leases HFI, net	$ 54,493	$ 52,443
OREO	21	248
Total non-recurring	54,514	52,691
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and leases HFI, net	0	0
OREO	0	0
Total non-recurring	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and leases HFI, net	20,168	48,401
OREO	21	248
Total non-recurring	20,189	48,649
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans and leases HFI, net	34,325	4,042
OREO	0	0
Total non-recurring	$ 34,325	$ 4,042

Borrowings and Subordinated Debt - Schedule of Subordinated Debentures (Details) € in Millions	6 Months Ended
	Jun. 30, 2026 USD ($)	Jun. 30, 2026 USD ($) Rate	Jun. 30, 2026 EUR (€)	May 01, 2026 USD ($)	Dec. 31, 2025 USD ($)	Oct. 31, 2025
Subordinated Borrowing [Line Items]
Subordinated debt	$ 573,555,000	$ 573,555,000			$ 952,740,000
Subordinated debt
Subordinated Borrowing [Line Items]
Subordinated debt	633,755,000	633,755,000			1,016,327,000
Acquisition discount	(60,200,000)	(60,200,000)			(63,587,000)
Subordinated debt	$ 573,555,000	$ 573,555,000			$ 952,740,000
Rate	6.45%	6.45%	6.45%		5.35%
Redeemed outstanding aggregate principal				$ 385,000,000
Debt interest rate				3.25%
Subordinated debt \| Subordinated notes, net
Subordinated Borrowing [Line Items]
Balance	$ 0	$ 0			$ 381,737,000
Rate	0.00%	0.00%	0.00%		3.25%
Unamortized issuance costs					$ (3,300,000)
Redeemed outstanding aggregate principal				$ 385,000,000
Subordinated debt \| Subordinated notes
Subordinated Borrowing [Line Items]
Balance	$ 75,000,000	$ 75,000,000			$ 75,000,000
Rate	7.86%	7.86%	7.86%		8.05%
Variable rate	4.195%	4.195%
Debt interest rate						4.375%
Subordinated debt \| Trust V
Subordinated Borrowing [Line Items]
Balance	$ 10,310,000	$ 10,310,000			$ 10,310,000
Rate	7.03%	7.03%	7.03%		7.07%
Variable rate	3.10%
Subordinated debt \| Trust VI
Subordinated Borrowing [Line Items]
Balance	$ 10,310,000	$ 10,310,000			$ 10,310,000
Rate	6.98%	6.98%	6.98%		7.03%
Variable rate	3.05%
Subordinated debt \| Trust CII
Subordinated Borrowing [Line Items]
Balance	$ 5,155,000	$ 5,155,000			$ 5,155,000
Rate	6.88%	6.88%	6.88%		6.92%
Variable rate	2.95%
Subordinated debt \| Trust VII
Subordinated Borrowing [Line Items]
Balance	$ 61,856,000	$ 61,856,000			$ 61,856,000
Rate	6.68%	6.68%	6.68%		6.85%
Variable rate	2.75%
Subordinated debt \| Trust CIII
Subordinated Borrowing [Line Items]
Balance	$ 20,619,000	$ 20,619,000			$ 20,619,000
Rate	5.62%	5.62%	5.62%		5.67%
Variable rate	1.69%
Subordinated debt \| Trust FCCI
Subordinated Borrowing [Line Items]
Balance	$ 16,495,000	$ 16,495,000			$ 16,495,000
Rate	5.53%	5.53%	5.53%		5.58%
Variable rate	1.60%
Subordinated debt \| Trust FCBI
Subordinated Borrowing [Line Items]
Balance	$ 10,310,000	$ 10,310,000			$ 10,310,000
Rate	5.48%	5.48%	5.48%		5.53%
Variable rate	1.55%
Subordinated debt \| Trust CS 2005-1
Subordinated Borrowing [Line Items]
Balance	$ 82,475,000	$ 82,475,000			$ 82,475,000
Rate	5.88%	5.88%	5.88%		5.93%
Variable rate	1.95%
Subordinated debt \| Trust CS 2005-2
Subordinated Borrowing [Line Items]
Balance	$ 128,866,000	$ 128,866,000			$ 128,866,000
Rate	5.88%	5.88%	5.88%		6.05%
Variable rate	1.95%
Subordinated debt \| Trust CS 2006-1
Subordinated Borrowing [Line Items]
Balance	$ 51,545,000	$ 51,545,000			$ 51,545,000
Rate	8.70%	8.70%	8.70%		9.20%
Variable rate	1.95%
Subordinated debt \| Trust CS 2006-2
Subordinated Borrowing [Line Items]
Balance	$ 51,550,000	$ 51,550,000			$ 51,550,000
Rate	5.88%	5.88%	5.88%		6.05%
Variable rate	1.95%
Subordinated debt \| Trust Preferred securities 2006-3
Subordinated Borrowing [Line Items]
Balance	$ 29,440,000	$ 29,440,000			$ 30,275,000
Rate	4.20%	4.20%	4.20%		4.12%
Variable rate	2.05%
Denomination value \| €			€ 25.8
Subordinated debt \| Trust CS 2006-4
Subordinated Borrowing [Line Items]
Balance	$ 16,470,000	$ 16,470,000			$ 16,470,000
Rate	8.70%	8.70%	8.70%		9.20%
Variable rate	1.95%
Subordinated debt \| Trust CS 2006-5
Subordinated Borrowing [Line Items]
Balance	$ 6,650,000	$ 6,650,000			$ 6,650,000
Rate	5.88%	5.88%	5.88%		6.05%
Variable rate	1.95%
Subordinated debt \| Trust CS 2007-2
Subordinated Borrowing [Line Items]
Balance	$ 39,177,000	$ 39,177,000			$ 39,177,000
Rate	5.88%	5.88%	5.88%		6.05%
Variable rate	1.95%
Subordinated debt \| PMB Statutory Trust III
Subordinated Borrowing [Line Items]
Balance	$ 7,217,000	$ 7,217,000			$ 7,217,000
Rate	7.41%	7.41%	7.41%		7.35%
Variable rate	3.40%
Subordinated debt \| PMB Capital Trust III
Subordinated Borrowing [Line Items]
Balance	$ 10,310,000	$ 10,310,000			$ 10,310,000
Rate	5.94%	5.94%	5.94%		6.15%
Variable rate	2.00%

Investment Securities - Schedule of Interest Income on Investment Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]
Taxable interest	$ 35,858	$ 30,766	$ 69,826	$ 62,213
Non-taxable interest	3,527	4,547	7,890	9,064
Dividend income	3,022	2,303	6,564	4,201
Total interest income on investment securities	$ 42,407	$ 37,616	$ 84,280	$ 75,478

Other Assets

6 Months Ended

Jun. 30, 2026

Other Assets [Abstract]

OTHER ASSETS

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


Other Assets	June 30, 2026		December 31, 2025
	(In thousands)
Investments:
LIHTC investments	$	237,969	$	259,780
SBIC investments	128,874		121,072
Alternative energy partnerships (HLBV investments)	16,070		16,354
Other equity and CRA investments	157,115		150,048
Total investments	540,028		547,254
Interest receivable	124,052		131,429
Operating lease ROU assets, net (1)	94,777		99,205
Prepaid expenses	40,546		33,829
Taxes receivable	31,556		8,385
Foreclosed assets, net	16,319		17,115
Equity warrants (2)	3,326		3,437
Other receivables/assets	89,865		44,108
Total other assets	$	940,469	$	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.

Other receivables/assets increased by $45.8 million to $89.9 million at June 30, 2026, from $44.1 million at December 31, 2025. The increase was primarily driven by a loan servicing receivable, offset partially by a decrease in servicing assets resulting from the mortgage servicing rights portfolio sale.

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2026
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Common Stock Dividend On August 7, 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 October 1, 2026, to stockholders of record at the close of business on September 15, 2026. Preferred Stock Dividend On August 7, 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 September 1, 2026 to stockholders of record at the close of business on August 20, 2026. Loan Sale Transactions In July 2026, the Company entered into agreements to sell the $827.0 million of CRE and multi-family construction loans transferred from HFI to HFS during the quarter as part of the targeted loan sale process.

Goodwill and Other Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Rollforward of Accumulated Amortization

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


	Three Months Ended June 30,				Six Months Ended June 30,

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

CRI write-off	(264)		—		(264)		—
Balance, end of period	178,500		178,764		178,500		178,764
Accumulated Amortization:
Balance, beginning of period	(79,672)		(52,827)		(73,477)		(45,820)
Amortization expense	(6,197)		(7,007)		(12,392)		(14,014)

Elimination upon CRI write-off	78		—		78		—
Balance, end of period	(85,791)		(59,834)		(85,791)		(59,834)
Net CDI and CRI, end of period	$	92,709	$	118,930	$	92,709	$	118,930

Schedule of Aggregate Future Amortization Expense

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


	June 30, 2026
	(In thousands)
Period ending December 31,
2026	$	12,005
2027	21,136
2028	17,890
2029	14,645
2030	11,400
Thereafter	15,633
Net CDI	$	92,709

Investment Securities - Schedule of Realized Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]
Amortized cost of securities sold	$ 2,294,702	$ 0	$ 2,294,702	$ 0
Gross realized gains	1,893	0	1,893	0
Gross realized losses	(253,193)	0	(253,193)	0
Net loss on sale of securities	$ (251,300)	$ 0	$ (251,300)	$ 0

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

Schedule of Commitments

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


	June 30, 2026		December 31, 2025
	(In thousands)
Loan commitments to extend credit	$	5,211,632	$	5,433,357
Standby letters of credit	291,747		244,895
Total	$	5,503,379	$	5,678,252

Restricted Cash (Details) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Restricted Cash and Cash Equivalent Item [Line Items]
Restricted cash and cash equivalent	$ 0	$ 0
Pledged cash for derivative contracts	16,300,000	15,100,000
Cash collateral	113,400,000	115,300,000
Standby Letters of Credit
Restricted Cash and Cash Equivalent Item [Line Items]
Restricted cash and restricted cash equivalents	$ 39,800,000	$ 39,800,000

- Definition

Amount of cash and cash equivalent restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate.

+ References + Details

(Loss) Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Earnings Per Share

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


	Three Months Ended June 30, 2026

			Class B
	Voting		Non-Voting
	Common		Common		Total
	(In thousands, except per share amounts)
Basic Loss Per Share: (1)
Net loss available to common and equivalent stockholders	$	(250,525)	$	(769)	$	(251,294)
Less: Earnings and dividends allocated to unvested restricted stock (2)	6		—		6
Net loss allocated to common and equivalent shares	$	(250,519)	$	(769)	$	(251,288)

Weighted average basic shares and unvested restricted stock outstanding	155,366		477		155,843
Less: weighted average unvested restricted stock outstanding	(40)		—		(40)
Weighted average basic shares outstanding	155,326		477		155,803

Basic loss per share	$	(1.61)	$	(1.61)	$	(1.61)

Diluted Loss Per Share: (1)
Net loss allocated to common and equivalent shares	$	(250,519)	$	(769)	$	(251,288)





Weighted average diluted shares outstanding	155,326		477		155,803



Diluted loss per share	$	(1.61)	$	(1.61)	$	(1.61)

________________________

(1) Basic and diluted loss per share are calculated 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.


	Six Months Ended June 30, 2026
					Non-Voting
			Class B		Common
	Voting		Non-Voting		Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Loss Per Share: (1)
Net loss available to common and equivalent stockholders	$	(187,544)	$	(581)	$	(1,164)	$	(189,289)

Less: Earnings and dividends allocated to unvested restricted stock (2)	(1)		—		—		(1)
Net loss allocated to common and equivalent shares	$	(187,545)	$	(581)	$	(1,164)	$	(189,290)

Weighted average basic shares and unvested restricted stock outstanding	153,938		477		955		155,370
Less: weighted average unvested restricted stock outstanding	(55)		—		—		(55)
Weighted average basic shares outstanding	153,883		477		955		155,315

Basic loss per share	$	(1.22)	$	(1.22)	$	(1.22)	$	(1.22)

Diluted Loss Per Share: (1)
Net loss allocated to common and equivalent shares	$	(187,545)	$	(581)	$	(1,164)	$	(189,290)





Weighted average diluted shares outstanding	153,883		477		955		155,315



Diluted loss per share	$	(1.22)	$	(1.22)	$	(1.22)	$	(1.22)

_____________________

(1) Basic and diluted loss per share are 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.


	Three Months Ended June 30, 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	$	17,243	$	55	$	1,140	$	18,438
Less: Earnings allocated to unvested restricted stock (2)	(5)		—		—		(5)
Net earnings allocated to common and equivalent shares	$	17,238	$	55	$	1,140	$	18,433

Weighted average basic shares and unvested restricted stock outstanding	148,236		477		9,791		158,504
Less: weighted average unvested restricted stock outstanding	(150)		—		—		(150)
Weighted average basic shares outstanding	148,086		477		9,791		158,354

Basic earnings per share	$	0.12	$	0.12	$	0.12	$	0.12

Diluted Earnings Per Share:(3)
Net earnings allocated to common and equivalent shares	$	17,243	$	55	$	1,140	$	18,438
Weighted average diluted shares outstanding	148,194		477		9,791		158,462
Diluted earnings per share	$	0.12	$	0.12	$	0.12	$	0.12

________________________

(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.


	Six Months Ended June 30, 2025
					Non-Voting
			Class B		Common
	Voting		Non-Voting		Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders	$	58,159	$	181	$	3,719	$	62,059
Less: Earnings allocated to unvested restricted stock (2)	(49)		—		—		(49)
Net earnings allocated to common and equivalent shares	$	58,110	$	181	$	3,719	$	62,010

Weighted average basic shares and unvested restricted stock outstanding	153,304		477		9,791		163,572
Less: weighted average unvested restricted stock outstanding	(176)		—		—		(176)
Weighted average basic shares outstanding	153,128		477		9,791		163,396

Basic earnings per share	$	0.38	$	0.38	$	0.38	$	0.38

Diluted Earnings Per Share:(3)
Net earnings allocated to common and equivalent shares	$	58,159	$	181	$	3,719	$	62,059
Weighted average diluted shares outstanding	153,399		477		9,791		163,667
Diluted earnings per share	$	0.38	$	0.38	$	0.38	$	0.38

________________________

(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 June 30,		Six Months Ended June 30,

	2026	2025	2026	2025
	(In thousands)
Restricted stock awards and units	2,951	150	2,898	176
Warrants	13,178	18,902	16,025	18,902

Fair Value Measurements and Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Credit-Linked Notes for Fair Value Option

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 June 30,				Six Months Ended June 30,

Credit-Linked Notes	2026		2025		2026		2025
	(In thousands)
Changes in fair value - gains included in earnings	$	112	$	(637)	$	206	$	(155)
Changes in fair value - other comprehensive (loss) income	$	(106)	$	(517)	$	(217)	$	(371)

Schedule of Credit-Linked Notes Carried

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


Credit-Linked Notes	June 30, 2026		December 31, 2025
	(In thousands)

Carrying value reported on the consolidated balance sheets	$	110,363	$	113,634
Aggregate unpaid principal balance in excess of fair value	$	1,209	$	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 June 30, 2026
Measured on a Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Securities AFS:
Agency residential MBS	$	788,640	$	—	$	788,640	$	—
U.S. Treasury securities	223,475		223,475		—		—
Agency commercial MBS	149,572		—		149,572		—
Agency residential CMOs	2,599,212		—		2,599,212		—

Corporate debt securities	237,864		—		230,964		6,900
Private label residential CMOs	262,028		—		262,028		—
Collateralized loan obligations	200,500		—		200,500		—
Private label commercial MBS	7,511		—		7,511		—
Asset-backed securities	12,181		—		12,181		—
SBA securities	3,038		—		3,038		—
Total securities AFS	$	4,484,021	$	223,475	$	4,253,646	$	6,900
Equity investments with readily determinable fair values	$	2,159	$	2,159	$	—	$	—
Derivatives (1):
Derivative assets
Cash flow hedges	5,253		—		5,253		—
Interest rate and foreign exchange contracts	4,546		—		4,546		—
Equity warrants	3,326		—		—		3,326
Derivative liabilities
Cash flow hedges	3,617		—		3,617		—
Interest rate and foreign exchange contracts	4,406		—		4,406		—
Credit-linked notes	110,363		—		—		110,363

___________________

(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".

Schedule of Quantitative Inputs and Assumptions

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 June 30, 2026

	Input or Range	Weighted Average
Unobservable Inputs	of Inputs	Input (1)
Spread to 10 Year Treasury	(0.2)% - 41.9%	8.3%
Discount rates	4.3% - 13.3%	12.8%

____________________

(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 June 30, 2026

	Range	Weighted Average
Unobservable Inputs	of Inputs	Input (1)
Volatility (1)	24.1% - 1,327.4%	24.7%
Risk-free interest rate	3.7% - 4.2%	4.1%
Remaining life assumption (in years)	0.08 - 4.95	3.17 years

____________________

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

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:

June 30, 2026

Valuation

Unobservable

Asset

Fair Value

Technique

Inputs

(In thousands)

Individually evaluated loans and leases

34,325

Third-party appraisal

No discounts

Total non-recurring Level 3

34,325

Summary of Level 3 Asset Activity

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	—		1,834		(206)
Total included in other comprehensive income	30		—		217

Issuances	—		204		—
Principal payments	—		—		(3,282)

Transfer from Level 2	4,500		—		—


Exercises and settlements	—		(591)		—

Transfers to Level 1 (equity investments with readily determinable fair values)	—		(1,558)		—
Balance, June 30, 2026	$	6,900	$	3,326	$	110,363

Unrealized net gain for the period included in other
comprehensive income for securities held at quarter-end	$	30

Summary of Level 3 Liabilities Activity

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	—		1,834		(206)
Total included in other comprehensive income	30		—		217

Issuances	—		204		—
Principal payments	—		—		(3,282)

Transfer from Level 2	4,500		—		—


Exercises and settlements	—		(591)		—

Transfers to Level 1 (equity investments with readily determinable fair values)	—		(1,558)		—
Balance, June 30, 2026	$	6,900	$	3,326	$	110,363

Unrealized net gain for the period included in other
comprehensive income for securities held at quarter-end	$	30

Schedule of Assets Measured at Fair Value on Non-Recurring 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 June 30, 2026
Measured on a Nonrecurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Individually evaluated loans and leases	$	54,493	$	—	$	20,168	$	34,325

OREO	21		—		21		—
Total non-recurring	$	54,514	$	—	$	20,189	$	34,325


	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

Schedule of Losses Recognized on Assets

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



	Three Months Ended June 30,				Six Months Ended June 30,
Loss on Assets Measured on a Non‑Recurring Basis	2026		2025		2026		2025
	(In thousands)
Individually evaluated loans and leases	$	13,216	$	490	$	15,494	$	1,394

OREO	6		367		6		424
Total losses	$	13,222	$	857	$	15,500	$	1,818

Schedule of Carrying Amounts and Estimated Fair Values

The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated:


	June 30, 2026
	Carrying		Estimated Fair Value
	Amount		Total		Level 1		Level 2		Level 3
	(In thousands)
Financial Assets:
Cash and due from banks	$	225,343	$	225,343	$	225,343	$	—	$	—
Interest-earning deposits in financial institutions	2,592,712		2,592,712		2,592,712		—		—
Securities AFS	4,484,021		4,484,021		223,475		4,253,646		6,900

Investment in FRB and FHLB stock	181,352		181,352		—		181,352		—
Loans HFS	915,171		915,324		—		915,324		—
Loans and leases HFI, net	23,967,527		22,955,046		—		20,168		22,934,878
Equity investments with readily determinable fair values	2,159		2,159		2,159		—		—
Equity warrants	3,326		3,326		—		—		3,326
Cash flow hedges	5,253		5,253		—		5,253		—
Interest rate and foreign exchange contracts	4,546		4,546		—		4,546		—
Servicing rights	190		190		—		—		190

Financial Liabilities:
Demand, checking, money market, and savings deposits	23,468,565		23,468,565		—		23,468,565		—
Time deposits	4,652,617		4,638,194		—		4,638,194		—
Borrowings	2,460,363		2,459,613		—		2,349,250		110,363
Subordinated debt	573,555		575,837		—		575,837		—
Cash flow hedges	3,617		3,617		—		3,617		—
Interest rate and foreign exchange contracts	4,406		4,406		—		4,406		—


	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		—

Derivatives - Narrative (Details) $ in Thousands, € in Millions	6 Months Ended
	Jun. 30, 2026 USD ($)	Jun. 30, 2026 EUR (€)	Dec. 31, 2025 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value, liability	$ 8,023		$ 8,221
Notional amount, not designated	$ 2,320,045		1,576,128
Trust Preferred securities 2006-3 \| Subordinated debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Denomination value \| €		€ 25.8
Variable rate	2.05%
Fixed rate (as a percent)	5.92%	5.92%
Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, designated	$ 680,000		300,000
Contract term	5 years
Fair value, liability	$ 3,617		4,043
Interest rate swaps \| Pay-Fixed & Receive-Floating
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, designated	300,000
Interest rate swaps \| Forward-starting & Receive-Fixed
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, designated	380,000
Interest rate collars
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, designated	$ 1,000,000		1,000,000
Contract term	18 months
Fair value, liability	$ 0		22
Interest rate caps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, designated	$ 380,000		0
Contract term	5 years
Fair value, liability	$ 0		0
Cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value, liability	1,600
Net loss of tax	3,200
Accumulated of comprehensive income into earnings	1,400
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value, liability	4,022		4,079
Notional amount, not designated	$ 135,560		$ 150,652

Restricted Cash	6 Months Ended
Restricted Cash	Jun. 30, 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 six months ended June 30, 2026 and 2025. The following restricted cash balances are included in "Interest-earning deposits in financial institutions" on the consolidated balance sheets. As of June 30, 2026 and December 31, 2025, we pledged cash collateral for our derivative contracts of $16.3 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 $113.4 million at June 30, 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 June 30, 2026 and December 31, 2025, the balance of such restricted cash totaled $39.8 million and $39.8 million, respectively.

Leases (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

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

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 June 30,				Six Months Ended June 30,

	2026		2025		2026		2025
	(In thousands)
Operating lease expense:
Fixed costs	$	7,107	$	7,327	$	14,051	$	14,296
Variable costs	45		124		92		236
Short-term lease costs	237		210		489		445
Sublease income	(1,098)		(1,156)		(2,164)		(2,288)
Net lease expense	$	6,291	$	6,505	$	12,468	$	12,689

Schedule of Cash Flow, Supplemental Disclosures

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


	Six Months Ended June 30,

	2026		2025
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,889	$	16,273
ROU assets obtained in exchange for lease obligations:
Operating leases	$	7,253	$	18,671

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:


	June 30, 2026			December 31, 2025
	(Dollars in thousands)
Operating leases:
Operating lease ROU assets, net	$	94,777		$	99,205
Operating lease liabilities	$	114,160		$	120,587

Weighted average remaining lease term (in years)	5.5			5.8
Weighted average discount rate	3.83		%	3.79		%

Schedule of Maturities of Operating Leases

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


	June 30, 2026
	(In thousands)
Period ending December 31,
2026	$	15,806
2027	27,502
2028	23,167
2029	18,519
2030	14,730
Thereafter	27,464
Total operating lease liabilities	127,188
Less: Imputed interest	(13,028)
Present value of operating lease liabilities	$	114,160

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:


	June 30, 2026
	(In thousands)
Period ending December 31,
2026	$	14,838
2027	27,745
2028	26,826
2029	24,894
2030	18,242
Thereafter	27,729
Total undiscounted cash flows	$	140,274

Investment Securities - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
Investment Securities - Narrative (Details) $ in Thousands	Jun. 30, 2026 USD ($) security	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($) security	Jun. 30, 2025 USD ($)	Dec. 31, 2025 USD ($)
Schedule of Held-to-maturity Securities [Line Items]
Reclassification of held-to-maturity debt securities	$ 2,300,000
Net loss on sale of securities	(251,300)	$ 0	$ (251,300)	$ 0
Reinvested proceeds	1,700,000
AFS securities pledged as collateral	694,900		694,900
Allowance for credit loss	$ (3,250)		$ (3,250)		$ (775)
Number of corporate debt security classified as AFS \| security	1		1
Securities transferred to AFS \| security			2
Unrealized losses	$ (5,400)
ACL on HTM securities	$ 0		$ 0		$ 695

Investment Securities - Schedule of Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost		$ 2,309,331
Allowance for Credit Loss	$ 0	(695)
Net carrying amount	0	2,308,636
Gross unrealized gains		2,052
Gross unrealized losses		(64,162)
Securities held to maturity, fair value	0	2,246,526
Interest receivable	19,400	11,400
Estimate of Fair Value Measurement \| Recurring \| Investment in FRB and FHLB stock
Schedule of Held-to-maturity Securities [Line Items]
Assets	181,352	160,442
Level 1 \| Estimate of Fair Value Measurement \| Recurring \| Investment in FRB and FHLB stock
Schedule of Held-to-maturity Securities [Line Items]
Assets	$ 0	0
Securities HTM
Schedule of Held-to-maturity Securities [Line Items]
Interest receivable		13,400
Municipal securities
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost		1,237,792
Allowance for Credit Loss		(20)
Net carrying amount		1,237,772
Gross unrealized gains		2,052
Gross unrealized losses		(20,713)
Securities held to maturity, fair value		1,219,111
Agency commercial MBS
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost		447,283
Allowance for Credit Loss		0
Net carrying amount		447,283
Gross unrealized gains		0
Gross unrealized losses		(19,645)
Securities held to maturity, fair value		427,638
Private label commercial MBS
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost		360,382
Allowance for Credit Loss		0
Net carrying amount		360,382
Gross unrealized gains		0
Gross unrealized losses		(9,606)
Securities held to maturity, fair value		350,776
U.S. Treasury securities
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost		193,022
Allowance for Credit Loss		0
Net carrying amount		193,022
Gross unrealized gains		0
Gross unrealized losses		(7,934)
Securities held to maturity, fair value		185,088
Corporate debt securities
Schedule of Held-to-maturity Securities [Line Items]
Amortization cost		70,852
Allowance for Credit Loss		(675)
Net carrying amount		70,177
Gross unrealized gains		0
Gross unrealized losses		(6,264)
Securities held to maturity, fair value		$ 63,913

Loans and Leases Held for Investment (Tables)

6 Months Ended

Jun. 30, 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:


	June 30, 2026		December 31, 2025
	(In thousands)
Real estate mortgage	$	13,334,993	$	13,846,097
Real estate construction and land (1)	1,483,757		1,959,591
Commercial	9,128,241		8,994,466
Consumer	344,413		355,333
Total gross loans and leases HFI	24,291,404		25,155,487
Unearned discounts, net (2)	(46,786)		(86,061)
Deferred fees, net	(33,772)		(36,747)
Total loans and leases HFI	24,210,846		25,032,679
Allowance for loan and lease losses	(243,319)		(245,612)
Total loans and leases HFI, net (3)	$	23,967,527	$	24,787,067

____________________

(1) Includes land and acquisition and development loans of $186.0 million and $214.5 million at June 30, 2026 and December 31, 2025.

(2) Represents net acquisition discounts of $127.4 million and net purchase premiums of $80.6 million at June 30, 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 $101.1 million and $104.3 million at June 30, 2026 and December 31, 2025, respectively, which is recorded in "Other assets" on the consolidated balance sheets.

Schedule of Aging Analysis

The following tables present an aging analysis of our loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	June 30, 2026
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,249	$	17,821	$	28,070	$	4,009,159	$	4,037,229
Multi-family	—		11,639		11,639		5,433,836		5,445,475
Other residential	69,243		38,163		107,406		3,686,470		3,793,876
Total real estate mortgage	79,492		67,623		147,115		13,129,465		13,276,580
Real estate construction and land:
Commercial	—		—		—		360,392		360,392
Residential	—		2,385		2,385		1,112,074		1,114,459
Total real estate construction and land	—		2,385		2,385		1,472,466		1,474,851
Commercial:
Asset-based	5,891		—		5,891		3,312,931		3,318,822
Venture capital	—		—		—		2,440,075		2,440,075
Other commercial	4,263		11,655		15,918		3,337,616		3,353,534
Total commercial	10,154		11,655		21,809		9,090,622		9,112,431
Consumer	1,550		794		2,344		344,640		346,984
Total	$	91,196	$	82,457	$	173,653	$	24,037,193	$	24,210,846


	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

Schedule of Nonaccrual and Performing Loans

The following table presents our nonaccrual and performing loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	June 30, 2026						December 31, 2025
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	107,116	$	3,930,113	$	4,037,229	$	93,334	$	4,221,303	$	4,314,637
Multi-family	11,639		5,433,836		5,445,475		3,358		6,086,059		6,089,417
Other residential	53,951		3,739,925		3,793,876		57,984		3,288,749		3,346,733
Total real estate mortgage	172,706		13,103,874		13,276,580		154,676		13,596,111		13,750,787
Real estate construction and land:
Commercial	—		360,392		360,392		—		379,387		379,387
Residential	2,385		1,112,074		1,114,459		—		1,568,240		1,568,240
Total real estate construction and land	2,385		1,472,466		1,474,851		—		1,947,627		1,947,627
Commercial:
Asset-based	—		3,318,822		3,318,822		—		2,951,010		2,951,010
Venture capital	14,398		2,425,677		2,440,075		625		2,221,472		2,222,097
Other commercial	13,038		3,340,496		3,353,534		2,510		3,801,589		3,804,099
Total commercial	27,436		9,084,995		9,112,431		3,135		8,974,071		8,977,206
Consumer	1,185		345,799		346,984		1,357		355,702		357,059
Total	$	203,712	$	24,007,134	$	24,210,846	$	159,168	$	24,873,511	$	25,032,679

Schedule of Credit Risk Rating for 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.


	June 30, 2026
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	227,445	$	158,679	$	3,651,105	$	4,037,229
Multi-family	157,819		59,149		5,228,507		5,445,475
Other residential	53,951		—		3,739,925		3,793,876
Total real estate mortgage	439,215		217,828		12,619,537		13,276,580
Real estate construction and land:
Commercial	—		—		360,392		360,392
Residential	2,385		4,036		1,108,038		1,114,459
Total real estate construction and land	2,385		4,036		1,468,430		1,474,851
Commercial:
Asset-based	15,255		4,135		3,299,432		3,318,822
Venture capital	99,773		36,182		2,304,120		2,440,075
Other commercial	24,739		35,434		3,293,361		3,353,534
Total commercial	139,767		75,751		8,896,913		9,112,431
Consumer	1,423		2,927		342,634		346,984
Total	$	582,790	$	300,542	$	23,327,514	$	24,210,846


	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

Schedule of Nonaccural Loans and Leases

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		Three Months Ended		Six Months Ended		At		Three Months Ended		Six Months Ended
	June 30, 2026						June 30, 2025
	Nonaccrual		Interest		Interest		Nonaccrual		Interest		Interest
	Recorded		Income		Income		Recorded		Income		Income
	Investment		Recognized		Recognized		Investment		Recognized		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	43,963	$	—	$	—	$	173	$	—	$	—

Other residential	122		—		—		64		—		—



Commercial:
Asset-based	—		—		—		950		—		—

Other commercial	1,711		—		—		2,832		—		—
Consumer	1,185		—		—		716		—		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	63,153	$	3	$	6	$	97,939	$	4	$	7
Multi-family	11,639		—		—		22,594		—		—
Other residential	53,829		—		—		39,332		—		—
Real estate construction and land:

Residential	2,385		—		—		—		—		—
Commercial:
Asset-based	—		—		—		781		—		—
Venture capital	14,398		6		6		—		—		—
Other commercial	11,327		6		12		2,135		1		1

Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	172,706	$	3	$	6	$	160,102	$	4	$	7
Real estate construction and land	2,385		—		—		—		—		—
Commercial	27,436		12		18		6,698		1		1
Consumer	1,185		—		—		716		—		—
Total	$	203,712	$	15	$	24	$	167,516	$	5	$	8

Schedule of Loan Portfolio Segment and Class

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
June 30, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	944	$	19,512	$	3,204	$	2,760	$	17,454	$	83,254	$	—	$	—	$	127,128
3-4.5 Pass	206,027		429,103		137,936		110,876		762,948		1,839,828		32,013		5,246		3,523,977
5 Special mention	—		—		5,167		360		20,412		109,678		—		23,062		158,679
6-8 Classified	—		3,885		14,037		3,443		77,201		128,879		—		—		227,445
Total	$	206,971	$	452,500	$	160,344	$	117,439	$	878,015	$	2,161,639	$	32,013	$	28,308	$	4,037,229
Current YTD period:
Gross charge-offs	$	—	$	—	$	464	$	—	$	11,045	$	2,542	$	—	$	—	$	14,051

Real Estate Mortgage:
Multi-family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	50,408	$	308,989	$	—	$	—	$	359,397
3-4.5 Pass	180,190		420,673		108,543		54,335		1,815,432		2,286,357		3,580		—		4,869,110
5 Special mention	—		—		—		3,781		10,192		45,176		—		—		59,149
6-8 Classified	—		10,396		20,000		1,619		83,650		42,154		—		—		157,819
Total	$	180,190	$	431,069	$	128,543	$	59,735	$	1,959,682	$	2,682,676	$	3,580	$	—	$	5,445,475
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	51,969	$	16,280	$	—	$	—	$	68,249

Real Estate Mortgage:
Other residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	308,155		943,998		49,138		24,069		262,087		2,039,903		112,575		—		3,739,925
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		6,849		3,296		408		13,703		28,722		973		—		53,951
Total	$	308,155	$	950,847	$	52,434	$	24,477	$	275,790	$	2,068,625	$	113,548	$	—	$	3,793,876
Current YTD period:
Gross charge-offs	$	—	$	44	$	—	$	5	$	845	$	13	$	—	$	—	$	907


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
June 30, 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	21,495		196,874		34,622		59,706		1,632		46,063		—		—		360,392
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		—		—		—		—		—		—
Total	$	21,495	$	196,874	$	34,622	$	59,706	$	1,632	$	46,063	$	—	$	—	$	360,392
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	29,553		183,395		233,276		152,134		364,187		39,736		105,757		—		1,108,038
5 Special mention	—		—		—		—		—		4,036		—		—		4,036
6-8 Classified	—		—		—		—		—		2,385		—		—		2,385
Total	$	29,553	$	183,395	$	233,276	$	152,134	$	364,187	$	46,157	$	105,757	$	—	$	1,114,459
Current YTD period:
Gross charge-offs	$	—	$	8,191	$	953	$	—	$	44,298	$	14,089	$	—	$	—	$	67,531

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	19,636	$	40,160	$	24,152	$	19,031	$	117,220	$	283,838	$	102,110	$	—	$	606,147
3-4.5 Pass	183,608		237,810		22,657		72,147		127,400		129,306		1,920,357		—		2,693,285
5 Special mention	—		—		—		—		—		621		3,514		—		4,135
6-8 Classified	—		5,373		—		196		5,595		—		4,091		—		15,255
Total	$	203,244	$	283,343	$	46,809	$	91,374	$	250,215	$	413,765	$	2,030,072	$	—	$	3,318,822
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Venture
Capital
Internal risk rating:
1-2 High pass	$	(105)	$	(180)	$	(76)	$	(65)	$	—	$	—	$	218,362	$	22,990	$	240,926
3-4.5 Pass	85,465		142,079		88,803		39,154		46,441		45,043		1,521,177		95,032		2,063,194
5 Special mention	—		3,977		8,641		14,413		—		5,991		2,925		235		36,182
6-8 Classified	—		7		14,578		30,300		14,621		10,890		14,979		14,398		99,773
Total	$	85,360	$	145,883	$	111,946	$	83,802	$	61,062	$	61,924	$	1,757,443	$	132,655	$	2,440,075
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	14,400	$	14,400

____________________

(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
June 30, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Other
Commercial
Internal risk rating:
1-2 High pass	$	1,267	$	2,840	$	831	$	62	$	19,263	$	(30)	$	52,222	$	47	$	76,502
3-4.5 Pass	63,780		267,363		41,817		53,032		41,606		271,916		2,450,871		26,474		3,216,859
5 Special mention	—		—		—		7,106		—		4,451		23,869		8		35,434
6-8 Classified	—		—		—		—		6,422		3,711		13,401		1,205		24,739
Total	$	65,047	$	270,203	$	42,648	$	60,200	$	67,291	$	280,048	$	2,540,363	$	27,734	$	3,353,534
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	215	$	1,332	$	483	$	411	$	2,441

Consumer
Internal risk rating:
1-2 High pass	$	3	$	55	$	—	$	—	$	10	$	3	$	360	$	—	$	431
3-4.5 Pass	27,081		24,304		19,241		10,970		46,842		208,098		5,595		72		342,203
5 Special mention	—		—		—		—		824		2,103		—		—		2,927
6-8 Classified	—		—		—		—		326		858		—		239		1,423
Total	$	27,084	$	24,359	$	19,241	$	10,970	$	48,002	$	211,062	$	5,955	$	311	$	346,984
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	139	$	1,919	$	—	$	—	$	2,058

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	21,745	$	62,387	$	28,111	$	21,788	$	204,355	$	676,054	$	373,054	$	23,037	$	1,410,531
3-4.5 Pass	1,105,354		2,845,599		736,033		576,423		3,468,575		6,906,250		6,151,925		126,824		21,916,983
5 Special mention	—		3,977		13,808		25,660		31,428		172,056		30,308		23,305		300,542
6-8 Classified	—		26,510		51,911		35,966		201,518		217,599		33,444		15,842		582,790
Total	$	1,127,099	$	2,938,473	$	829,863	$	659,837	$	3,905,876	$	7,971,959	$	6,588,731	$	189,008	$	24,210,846
Current YTD period:
Gross charge-offs	$	—	$	8,235	$	1,417	$	5	$	116,588	$	36,175	$	483	$	14,811	$	177,714

______________________

(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.

Schedule of 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 June 30, 2026
							Payment Delay,		Term Extension,				% of
	Term		Payment		Interest		and Interest		Interest Rate Reduction,				Total
	Extension		Delay		Rate Reduction		Rate Reduction		and Forgiveness		Total		Loans
Three Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	2,302	$	2,418	$	—	$	1,007	$	—	$	5,727	0.1	%
Multi-family	103,650		—		—		—		—		103,650		1.9	%



Commercial:

Venture capital	14,597		—		—		—		14,398		28,995		1.2	%
Other commercial	2,320		—		40				—		2,360		0.1	%

Total	$	122,869	$	2,418	$	40	$	1,007	$	14,398	$	140,732


	Amortized Cost Basis at June 30, 2026
					Interest		Term Extension		Payment Delay,		Term Extension,				% of
	Term		Payment		Rate		and Interest		and Interest		Interest Rate Reduction				Total
	Extension		Delay		Reduction		Rate Reduction		Rate Reduction		and Forgiveness		Total		Loans
Six Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	33,207	$	3,364	$	—	$	—	$	1,007	$	44,160	$	81,738	2.0	%
Multi-family	105,270		—		—		—		—		—		105,270		1.9	%



Commercial:

Venture capital	14,597		—		—		—		—		14,398		28,995		1.2	%
Other commercial	2,428		—		40		57		—		—		2,525		0.1	%

Total	$	155,502	$	3,364	$	40	$	57	$	1,007	$	58,558	$	218,528


	Amortized Cost Basis at June 30, 2025

					Interest		Term Extension				% of
	Term		Payment		Rate		and Interest				Total
	Extension		Delay		Reduction		Rate Reduction		Total		Loans
Three Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	9,661	$	2,078	$	2,621	$	—	$	14,360	0.3	%
Multi-family	42,853		—		—		—		42,853		0.7	%

Real estate construction and land:
Commercial	69,324		—		—		—		69,324		18.2	%

Commercial:
Asset-based	25,334		—		—		—		25,334		1.0	%

Other commercial	3,905		—		—		216		4,121		0.1	%
Consumer	7		—		—		—		7		—	%
Total	$	151,084	$	2,078	$	2,621	$	216	$	155,999


	Amortized Cost Basis at June 30, 2025
									Term Extension,
					Interest		Term Extension		Interest Rate				% of
	Term		Payment		Rate		and Interest		Reduction, and				Total
	Extension		Delay		Reduction		Rate Reduction		Payment Delay		Total		Loans
Six Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	47,572	$	3,657	$	2,621	$	—	$	—	$	53,850	1.2	%
Multi-family	67,157		—		—		—		—		67,157		1.1	%
Other residential	971		2,500		—		—		—		3,471		0.1	%
Real estate construction and land:
Commercial	69,324		—		—		—		—		69,324		18.2	%
Residential	3,124		—		—		—		—		3,124		0.2	%
Commercial:
Asset-based	25,334		—		—		—		—		25,334		1.0	%
Venture capital	7,395		—		—		—		—		7,395		0.4	%
Other commercial	4,237		—		—		547		146		4,930		0.1	%
Consumer	7		—		—		—		—		7		—	%
Total	$	225,121	$	6,157	$	2,621	$	547	$	146	$	234,592

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 June 30, 2026
			Interest		Payment Delay
	Term Extension	Payment Delay	Rate Reduction		and Interest Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	5	6	—		3	1.74	%
Multi-family	40	—	—		—	—




Commercial:

Venture capital	21	—	—		—	—
Other commercial	8	—	4.00	%	—	—


	Weighted Average for the Six Months Ended June 30, 2026
			Interest		Payment Delay			Term Extension and
	Term Extension	Payment Delay	Rate Reduction		and Interest Reduction			Interest Rate Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	10	6	—		3	1.74	%	—	—
Multi-family	40	—	—		—	—		—	—




Commercial:

Venture capital	21	—	—		—	—		—	—
Other commercial	10	—	4.00	%	—	—		15	3.50	%


	Weighted Average for the Three Months Ended June 30, 2025
			Interest		Term Extension and
	Term Extension	Payment Delay	Rate Reduction		Interest Rate Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	10	3	3.29	%	—	—
Multi-family	6	—	—		—	—

Real estate construction and land:
Commercial	4	—	—		—	—

Commercial:
Asset-based	47	—	—		—	—

Other commercial	15	—	—		54	1.85	%
Consumer	24	—	—		—	—


	Weighted Average for the Six Months Ended June 30, 2025
			Interest		Term Extension and
	Term Extension	Payment Delay	Rate Reduction		Interest Rate Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	13	4	3.29	%	—	—
Multi-family	6	—	—		—	—
Other residential	9	3	—		—	—
Real estate construction and land:
Commercial	4	—	—		—	—
Residential	12	—	—		—	—
Commercial:
Asset-based	47	—	—		—	—
Venture capital	12	—	—		—	—
Other commercial	17	—	—		55	1.91	%
Consumer	24	—	—		—	—

Schedule of Payment Status of Loans

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 June 30, 2026
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	131,127	$	—	$	—	$	131,127
Multi-family	105,270		—		—		105,270
Other residential	—		1,475		—		1,475



Commercial:
Asset-based	29,075		—		—		29,075
Venture capital	46,074		—		—		46,074
Other commercial	2,670		—		—		2,670
Consumer	238		—		—		238
Total	$	314,454	$	1,475	$	—	$	315,929


	Payment Status (Amortized Cost Basis) at June 30, 2025
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	117,025	$	—	$	—	$	117,025
Multi-family	67,157		—		—		67,157
Other residential	1,634		—		2,500		4,134
Real estate construction and land:
Commercial	69,324		—		—		69,324
Residential	3,124		—		—		3,124
Commercial:
Asset-based	25,334		—		—		25,334
Venture capital	13,121		—		—		13,121
Other commercial	5,376		—		—		5,376
Consumer	7		—		—		7
Total	$	302,102	$	—	$	2,500	$	304,602

Schedule of Leases Receivable Income

The following table provides the components of leases receivable income for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,

	2026		2025		2026		2025
	(In thousands)
Component of leases receivable income:
Interest income on net investments in leases	$	3,732	$	3,690	$	7,284	$	7,745

Schedule of Leases Receivable

The following table presents the components of leases receivable as of the dates indicated:


	June 30, 2026		December 31, 2025
	(In thousands)
Net Investment in Direct Financing Leases:
Lease payments receivable	$	164,278	$	151,719
Unguaranteed residual assets	19,173		19,921
Deferred costs and other	2,740		1,793
Aggregate net investment in leases	$	186,191	$	173,433

Schedule of Maturities of Leases

The following table presents maturities of leases receivable as of the date indicated:


	June 30, 2026
	(In thousands)
Period ending December 31,
2026	$	32,951
2027	54,458
2028	41,707
2029	34,697
2030	10,433
Thereafter	10,735
Total undiscounted cash flows	184,981
Less: Unearned income	(20,703)
Present value of lease payments	$	164,278

Schedule of Activity in ACL

The following tables present a summary of the activity in the ACL loans and leases HFI by loan portfolio segment for the periods indicated:


	Three Months Ended June 30, 2026
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	131,514	$	10,395	$	86,815	$	12,876	$	241,600
Charge-offs	(77,833)		(67,531)		(15,104)		(1,149)		(161,617)
Recoveries	90		—		921		325		1,336
Net charge-offs	(77,743)		(67,531)		(14,183)		(824)		(160,281)
Provision	93,250		66,400		1,636		714		162,000
Balance, end of period	$	147,021	$	9,264	$	74,268	$	12,766	$	243,319
Reserve for Unfunded Loan Commitments
Balance, beginning of period	$	913	$	8,265	$	25,727	$	16	$	34,921
Provision	20		(609)		(1,406)		(5)		(2,000)
Balance, end of period	$	933	$	7,656	$	24,321	$	11	$	32,921
Total ACL, end of period	$	147,954	$	16,920	$	98,589	$	12,777	$	276,240


	Six Months Ended June 30, 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	(83,207)		(75,608)		(16,841)		(2,058)		(177,714)
Recoveries	892		—		2,228		501		3,621
Net charge-offs	(82,315)		(75,608)		(14,613)		(1,557)		(174,093)
Provision	91,935		76,023		2,794		1,048		171,800
Balance, end of period	$	147,021	$	9,264	$	74,268	$	12,766	$	243,319
Reserve for Unfunded Loan Commitments
Balance, beginning of period	$	998	$	8,755	$	25,156	$	12	$	34,921
Provision	(65)		(1,099)		(835)		(1)		(2,000)
Balance, end of period	$	933	$	7,656	$	24,321	$	11	$	32,921
Total ACL, end of period	$	147,954	$	16,920	$	98,589	$	12,777	$	276,240

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	9,867	$	—	$	699	$	—	$	10,566
Collectively evaluated	$	137,154	$	9,264	$	73,569	$	12,766	$	232,753

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	172,476	$	2,385	$	26,424	$	—	$	201,285
Collectively evaluated	13,104,104		1,472,466		9,086,007		346,984		24,009,561
Ending balance	$	13,276,580	$	1,474,851	$	9,112,431	$	346,984	$	24,210,846


	Three Months Ended June 30, 2025
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	130,116	$	14,125	$	75,988	$	14,757	$	234,986
Charge-offs	(16,080)		(21,536)		(8,593)		(739)		(46,948)
Recoveries	298		—		2,288		140		2,726
Net charge-offs	(15,782)		(21,536)		(6,305)		(599)		(44,222)
Provision	20,611		14,474		3,647		(152)		38,580
Balance, end of period	$	134,945	$	7,063	$	73,330	$	14,006	$	229,344
Reserve for Unfunded Loan Commitments
Balance, beginning of period	$	1,206	$	3,824	$	24,517	$	24	$	29,571
Provision	(98)		(834)		595		(13)		(350)
Balance, end of period	$	1,108	$	2,990	$	25,112	$	11	$	29,221
Total ACL, end of period	$	136,053	$	10,053	$	98,442	$	14,017	$	258,565


	Six Months Ended June 30, 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	(21,869)		(21,536)		(18,175)		(1,919)		(63,499)
Recoveries	610		—		4,391		202		5,203
Net charge-offs	(21,259)		(21,536)		(13,784)		(1,717)		(58,296)
Provision	10,450		17,659		19,281		890		48,280
Balance, end of period	$	134,945	$	7,063	$	73,330	$	14,006	$	229,344
Reserve for Unfunded Loan Commitments:
Balance, beginning of period	$	1,404	$	4,643	$	23,010	$	15	$	29,072
Provision	(296)		(1,653)		2,102		(4)		149
Balance, end of period	$	1,108	$	2,990	$	25,112	$	11	$	29,221
Total ACL, end of period	$	136,053	$	10,053	$	98,442	$	14,017	$	258,565

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	—	$	—	$	267	$	—	$	267
Collectively evaluated	$	134,945	$	7,063	$	73,063	$	14,006	$	229,077

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	160,087	$	—	$	4,440	$	—	$	164,527
Collectively evaluated	13,647,721		2,302,091		7,748,817		382,737		24,081,366
Ending balance	$	13,807,808	$	2,302,091	$	7,753,257	$	382,737	$	24,245,893

Schedule of Collateral-Dependent Loans

The following table summarizes collateral-dependent loans HFI by collateral type as of the following dates:


	June 30, 2026				December 31, 2025
	Real		Business				Real		Business
	Property		Assets		Total		Property		Assets		Total
	(In thousands)
Real estate mortgage	$	174,865	$	—	$	174,865	$	155,233	$	—	$	155,233
Real estate construction and land	2,385		—		2,385		—		—		—
Commercial	—		26,053		26,053		—		625		625

Total	$	177,250	$	26,053	$	203,303	$	155,233	$	625	$	155,858

Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Losses Recognized on Assets Measured on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total losses	$ 13,222	$ 857	$ 15,500	$ 1,818
Individually evaluated loans and leases
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total losses	13,216	490	15,494	1,394
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total losses	$ 6	$ 367	$ 6	$ 424

Goodwill and Other Intangible Assets, Net - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Intangible Asset, Goodwill and Other [Abstract]
Goodwill	$ 214,521	$ 214,521

- Definition

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.

+ References

+ Details

Other Assets - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
Other Assets - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Other Assets [Abstract]
Increase other assets	$ 45,800
Other receivables/assets	$ 89,865	$ 44,108

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 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 June 30, 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 certain of the Company's 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, which was a principal shareholder of the Company during the first quarter of 2026, hold a material investment interest in IntraFi. Additionally, Todd Schell, a principal of Warburg Pincus LLC, who served as a member of the Company's Board of Directors until his retirement during the second quarter of 2026, is a member of the board of directors of IntraFi. Accordingly, transactions with IntraFi constituted related-party transactions during the first quarter of 2026. For the six months ended June 30, 2026 and 2025, the amounts paid to IntraFi constituting related party transactions for certain insured cash sweep services were $1.8 million and $3.7 million. During the six months ended June 30, 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.

- Definition

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.

+ References

+ Details

(Loss) Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Restricted stock awards and units	40,000	150,000	55,000	176,000
Anti-dilutive Shares for Earnings Per Share
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Restricted stock awards and units	2,951,000	150,000	2,898,000	176,000
Warrants	13,178,000	18,902,000	16,025,000	18,902,000

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting, Reconciliation of Asset by Segment to Consolidated

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	June 30, 2026		December 31, 2025
	(In thousands)







Segment total assets (1)	$	35,030,953	$	34,797,442

_________________________

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

Goodwill and Other Intangible Assets, Net - Schedule of Aggregate Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Intangible Asset, Goodwill and Other [Abstract]
2026	$ 12,005
2027	21,136
2028	17,890
2029	14,645
2030	11,400
Thereafter	15,633
Net CDI and CRI, end of period	$ 92,709	$ 118,930

Loans and Leases Held for Investment - Schedule of Aging Analysis of Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Financing Receivable, Past Due [Line Items]
Total	$ 24,210,846	$ 25,032,679	$ 24,245,893
30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	91,196	108,303
90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	82,457	92,655
Total Past Due
Financing Receivable, Past Due [Line Items]
Total	173,653	200,958
Current
Financing Receivable, Past Due [Line Items]
Total	24,037,193	24,831,721
Real estate mortgage
Financing Receivable, Past Due [Line Items]
Total	13,276,580	13,750,787	13,807,808
Real estate mortgage \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	79,492	77,704
Real estate mortgage \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	67,623	91,822
Real estate mortgage \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	147,115	169,526
Real estate mortgage \| Current
Financing Receivable, Past Due [Line Items]
Total	13,129,465	13,581,261
Real estate mortgage \| Commercial
Financing Receivable, Past Due [Line Items]
Total	4,037,229	4,314,637
Real estate mortgage \| Commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	10,249	10,498
Real estate mortgage \| Commercial \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	17,821	46,506
Real estate mortgage \| Commercial \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	28,070	57,004
Real estate mortgage \| Commercial \| Current
Financing Receivable, Past Due [Line Items]
Total	4,009,159	4,257,633
Real estate mortgage \| Multi-family
Financing Receivable, Past Due [Line Items]
Total	5,445,475	6,089,417
Real estate mortgage \| Multi-family \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	32,887
Real estate mortgage \| Multi-family \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	11,639	2,536
Real estate mortgage \| Multi-family \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	11,639	35,423
Real estate mortgage \| Multi-family \| Current
Financing Receivable, Past Due [Line Items]
Total	5,433,836	6,053,994
Real estate mortgage \| Other residential
Financing Receivable, Past Due [Line Items]
Total	3,793,876	3,346,733
Real estate mortgage \| Other residential \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	69,243	34,319
Real estate mortgage \| Other residential \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	38,163	42,780
Real estate mortgage \| Other residential \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	107,406	77,099
Real estate mortgage \| Other residential \| Current
Financing Receivable, Past Due [Line Items]
Total	3,686,470	3,269,634
Real estate construction and land
Financing Receivable, Past Due [Line Items]
Total	1,474,851	1,947,627	2,302,091
Real estate construction and land \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	26,540
Real estate construction and land \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	2,385	0
Real estate construction and land \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	2,385	26,540
Real estate construction and land \| Current
Financing Receivable, Past Due [Line Items]
Total	1,472,466	1,921,087
Real estate construction and land \| Commercial
Financing Receivable, Past Due [Line Items]
Total	360,392	379,387
Real estate construction and land \| Commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Real estate construction and land \| Commercial \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Real estate construction and land \| Commercial \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Real estate construction and land \| Commercial \| Current
Financing Receivable, Past Due [Line Items]
Total	360,392	379,387
Real estate construction and land \| Residential
Financing Receivable, Past Due [Line Items]
Total	1,114,459	1,568,240
Real estate construction and land \| Residential \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	26,540
Real estate construction and land \| Residential \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	2,385	0
Real estate construction and land \| Residential \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	2,385	26,540
Real estate construction and land \| Residential \| Current
Financing Receivable, Past Due [Line Items]
Total	1,112,074	1,541,700
Commercial
Financing Receivable, Past Due [Line Items]
Total	9,112,431	8,977,206	7,753,257
Commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	10,154	2,126
Commercial \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	11,655	104
Commercial \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	21,809	2,230
Commercial \| Current
Financing Receivable, Past Due [Line Items]
Total	9,090,622	8,974,976
Commercial \| Asset-based
Financing Receivable, Past Due [Line Items]
Total	3,318,822	2,951,010
Commercial \| Asset-based \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	5,891	1,142
Commercial \| Asset-based \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Commercial \| Asset-based \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	5,891	1,142
Commercial \| Asset-based \| Current
Financing Receivable, Past Due [Line Items]
Total	3,312,931	2,949,868
Commercial \| Venture capital
Financing Receivable, Past Due [Line Items]
Total	2,440,075	2,222,097
Commercial \| Venture capital \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Commercial \| Venture capital \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Commercial \| Venture capital \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Commercial \| Venture capital \| Current
Financing Receivable, Past Due [Line Items]
Total	2,440,075	2,222,097
Commercial \| Other commercial
Financing Receivable, Past Due [Line Items]
Total	3,353,534	3,804,099
Commercial \| Other commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	4,263	984
Commercial \| Other commercial \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	11,655	104
Commercial \| Other commercial \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	15,918	1,088
Commercial \| Other commercial \| Current
Financing Receivable, Past Due [Line Items]
Total	3,337,616	3,803,011
Consumer
Financing Receivable, Past Due [Line Items]
Total	346,984	357,059	$ 382,737
Consumer \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	1,550	1,933
Consumer \| 90 Or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	794	729
Consumer \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total	2,344	2,662
Consumer \| Current
Financing Receivable, Past Due [Line Items]
Total	$ 344,640	$ 354,397

Derivatives

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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:


	June 30, 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	$	572	$	3,617	$	300,000	$	—	$	4,043
Interest rate collars	1,000,000		10		—		1,000,000		—		22
Interest rate caps	380,000		4,671		—		—		—		—
Derivatives Not Designated as Hedging Instruments:
Interest rate contracts	135,560		4,063		4,022		150,652		4,124		4,079
Foreign exchange contracts	111,161		483		384		111,390		—		77
Equity warrant assets	13,324		3,326		—		14,086		3,437		—
Total contracts	$	2,320,045	$	13,125	$	8,023	$	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 June 30, 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 June 30, 2026, the fair value of the cash flow hedges represented a net asset of $1.6 million, related to which a loss of $3.2 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 $1.4 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 $135.6 million at June 30, 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 June 30, 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.

- Definition

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.

+ References

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+ Details

Investment Securities - Schedule of Unrealized Losses on Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	$ 2,152,246	$ 94,936
Less than 12 months, gross unrealized losses	(20,154)	(131)
12 months or more, fair value	1,213,045	1,295,898
12 months or more, gross unrealized losses	(191,910)	(196,759)
Fair value, total	3,365,291	1,390,834
Gross unrealized losses, total	(212,064)	(196,890)
Agency residential MBS
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	0
Less than 12 months, gross unrealized losses	0	0
12 months or more, fair value	788,640	834,085
12 months or more, gross unrealized losses	(140,077)	(138,076)
Fair value, total	788,640	834,085
Gross unrealized losses, total	(140,077)	(138,076)
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	124,513
Less than 12 months, gross unrealized losses	(99)
12 months or more, fair value	0
12 months or more, gross unrealized losses	0
Fair value, total	124,513
Gross unrealized losses, total	(99)
Agency commercial MBS
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	117,322	4,994
Less than 12 months, gross unrealized losses	(794)	(6)
12 months or more, fair value	32,250	32,006
12 months or more, gross unrealized losses	(693)	(1,094)
Fair value, total	149,572	37,000
Gross unrealized losses, total	(1,487)	(1,100)
Agency residential CMOs
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	1,757,288	70,270
Less than 12 months, gross unrealized losses	(12,802)	(117)
12 months or more, fair value	86,876	101,501
12 months or more, gross unrealized losses	(15,166)	(15,183)
Fair value, total	1,844,164	171,771
Gross unrealized losses, total	(27,968)	(15,300)
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	35,659	0
Less than 12 months, gross unrealized losses	(5,841)	0
12 months or more, fair value	173,652	188,545
12 months or more, gross unrealized losses	(8,600)	(15,441)
Fair value, total	209,311	188,545
Gross unrealized losses, total	(14,441)	(15,441)
Private label residential CMOs
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	99,584	19,672
Less than 12 months, gross unrealized losses	(598)	(8)
12 months or more, fair value	121,078	127,020
12 months or more, gross unrealized losses	(26,757)	(26,326)
Fair value, total	220,662	146,692
Gross unrealized losses, total	(27,355)	(26,334)
Collateralized loan obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	17,880
Less than 12 months, gross unrealized losses	(20)
12 months or more, fair value	0
12 months or more, gross unrealized losses	0
Fair value, total	17,880
Gross unrealized losses, total	(20)
Private label commercial MBS
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	0
Less than 12 months, gross unrealized losses	0	0
12 months or more, fair value	7,511	9,279
12 months or more, gross unrealized losses	(435)	(467)
Fair value, total	7,511	9,279
Gross unrealized losses, total	(435)	(467)
SBA securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, fair value	0	0
Less than 12 months, gross unrealized losses	0	0
12 months or more, fair value	3,038	3,462
12 months or more, gross unrealized losses	(182)	(172)
Fair value, total	3,038	3,462
Gross unrealized losses, total	$ (182)	$ (172)

Loans and Leases Held for Investment - Schedule of Maturities of Leases Receivable (Details) $ in Thousands	Jun. 30, 2026 USD ($)
Period ending December 31,
2026	$ 32,951
2027	54,458
2028	41,707
2029	34,697
2030	10,433
Thereafter	10,735
Total undiscounted cash flows	184,981
Less: Unearned income	(20,703)
Present value of lease payments	$ 164,278

Loans and Leases Held for Investment - Schedule of Nonaccrual Loans and Leases by Loan Portfolio Segment and Class (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Financing Receivable, Nonaccrual [Line Items]
Total Loans and Leases With and Without an Allowance Recorded:	$ 203,712	$ 167,516	$ 203,712	$ 167,516
Interest Income Recognized	15	5	24	8
Real estate mortgage
Financing Receivable, Nonaccrual [Line Items]
Total Loans and Leases With and Without an Allowance Recorded:	172,706	160,102	172,706	160,102
Interest Income Recognized	3	4	6	7
Real estate mortgage \| Commercial
Financing Receivable, Nonaccrual [Line Items]
With An Allowance Recorded:	43,963	173	43,963	173
With No Related Allowance Recorded:	63,153	97,939	63,153	97,939
Interest Income Recognized	3	4	6	7
Real estate mortgage \| Multi-family
Financing Receivable, Nonaccrual [Line Items]
With No Related Allowance Recorded:	11,639	22,594	11,639	22,594
Interest Income Recognized	0	0	0	0
Real estate mortgage \| Other residential
Financing Receivable, Nonaccrual [Line Items]
With An Allowance Recorded:	122	64	122	64
With No Related Allowance Recorded:	53,829	39,332	53,829	39,332
Interest Income Recognized	0	0	0	0
Real estate construction and land
Financing Receivable, Nonaccrual [Line Items]
Total Loans and Leases With and Without an Allowance Recorded:	2,385	0	2,385	0
Interest Income Recognized	0	0	0	0
Real estate construction and land \| Residential
Financing Receivable, Nonaccrual [Line Items]
With No Related Allowance Recorded:	2,385	0	2,385	0
Interest Income Recognized	0	0	0	0
Commercial
Financing Receivable, Nonaccrual [Line Items]
Total Loans and Leases With and Without an Allowance Recorded:	27,436	6,698	27,436	6,698
Interest Income Recognized	12	1	18	1
Commercial \| Asset-based
Financing Receivable, Nonaccrual [Line Items]
With An Allowance Recorded:	0	950	0	950
With No Related Allowance Recorded:	0	781	0	781
Interest Income Recognized	0	0	0	0
Commercial \| Venture capital
Financing Receivable, Nonaccrual [Line Items]
With No Related Allowance Recorded:	14,398	0	14,398	0
Interest Income Recognized	6	0	6	0
Commercial \| Other commercial
Financing Receivable, Nonaccrual [Line Items]
With An Allowance Recorded:	1,711	2,832	1,711	2,832
With No Related Allowance Recorded:	11,327	2,135	11,327	2,135
Interest Income Recognized	6	1	12	1
Consumer
Financing Receivable, Nonaccrual [Line Items]
With An Allowance Recorded:	1,185	716	1,185	716
Total Loans and Leases With and Without an Allowance Recorded:	1,185	716	1,185	716
Interest Income Recognized	$ 0	$ 0	$ 0	$ 0

Related Party Transactions (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Class B non-voting
Related Party Transaction [Line Items]
Shares repurchased (in shares)	1,000,000
IntraFi
Related Party Transaction [Line Items]
Costs and expenses, related party	$ 1.8	$ 3.7

- Definition

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.

+ References

+ Details

- Definition

Number of shares that have been repurchased and retired during the period.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-11

+ Details

Loans and Leases Held for Investment - Schedule of Leases Receivable Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Receivables [Abstract]
Interest income on net investments in leases	$ 3,732	$ 3,690	$ 7,284	$ 7,745

Loans and Leases Held for Investment - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($) loan	Jun. 30, 2025 USD ($)	Mar. 31, 2026 USD ($)	Dec. 31, 2025 USD ($)	Mar. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 24,210,846	$ 24,245,893	$ 24,210,846	$ 24,245,893		$ 25,032,679
HFI loans and leases experiencing financial difficulty	140,732	155,999	218,528	234,592
ALLL increase	1,700
Allowance for loan and lease losses	243,319	229,344	243,319	229,344	$ 241,600	245,612	$ 234,986	$ 239,360
Net charge-offs	160,281	44,222	174,093	58,296
Provision for credit losses	162,000	38,580	171,800	48,280
Term extension, interest rate reduction, and principal forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
HFI loans and leases experiencing financial difficulty	14,398		58,558
Term extension, payment delay, and interest rate reduction
Accounts, Notes, Loans and Financing Receivable [Line Items]
HFI loans and leases experiencing financial difficulty				146
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	9,112,431	7,753,257	9,112,431	7,753,257		8,977,206
Allowance for loan and lease losses	74,268	73,330	74,268	73,330	86,815	86,087	75,988	67,833
Net charge-offs	14,183	6,305	14,613	13,784
Provision for credit losses	1,636	3,647	2,794	19,281
Commercial \| Venture capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	2,440,075		2,440,075			2,222,097
HFI loans and leases experiencing financial difficulty	$ 28,995		$ 28,995	7,395
Commercial \| Venture capital \| Term extension, interest rate reduction, and principal forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term Extension	68 months		68 months
Interest Rate Reduction	1.00%		1.00%
Principal forgiveness	$ 5,000		$ 5,000
HFI loans and leases experiencing financial difficulty	14,398		14,398
Commercial \| Venture capital \| Term extension, payment delay, and interest rate reduction
Accounts, Notes, Loans and Financing Receivable [Line Items]
HFI loans and leases experiencing financial difficulty				0
Commercial \| Other commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	3,353,534		3,353,534			3,804,099
HFI loans and leases experiencing financial difficulty	2,360	4,121	2,525	$ 4,930
Commercial \| Other commercial \| Term extension, interest rate reduction, and principal forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
HFI loans and leases experiencing financial difficulty	0		0
Commercial \| Other commercial \| Term extension, payment delay, and interest rate reduction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term Extension				61 months
Interest Rate Reduction				5.75%
HFI loans and leases experiencing financial difficulty				$ 146
Payment Delay				3 months
Real estate mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	13,276,580	13,807,808	13,276,580	$ 13,807,808		13,750,787
Allowance for loan and lease losses	147,021	134,945	147,021	134,945	$ 131,514	137,401	$ 130,116	$ 145,754
Net charge-offs	77,743	15,782	82,315	21,259
Provision for credit losses	93,250	20,611	91,935	10,450
Real estate mortgage \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,037,229		4,037,229			4,314,637
HFI loans and leases experiencing financial difficulty	5,727	14,360	$ 81,738	53,850
Real estate mortgage \| Commercial \| Term extension, interest rate reduction, and principal forgiveness
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term Extension			64 months
Interest Rate Reduction			1.65%
Principal forgiveness			$ 8,100
HFI loans and leases experiencing financial difficulty	0		44,160
Real estate mortgage \| Commercial \| Term extension, payment delay, and interest rate reduction
Accounts, Notes, Loans and Financing Receivable [Line Items]
HFI loans and leases experiencing financial difficulty				0
Real estate mortgage \| Other residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	3,793,876		$ 3,793,876			3,346,733
HFI loans and leases experiencing financial difficulty				3,471
Term extension and payment delays		$ 2,500
Real estate mortgage \| Other residential \| Term extension, payment delay, and interest rate reduction
Accounts, Notes, Loans and Financing Receivable [Line Items]
HFI loans and leases experiencing financial difficulty				$ 0
Three largest loan relationships \| Credit concentration \| Nonaccrual loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of nonaccrual loans and leases			34.00%
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	24,037,193		$ 24,037,193			24,831,721
Current \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	9,090,622		9,090,622			8,974,976
Current \| Commercial \| Venture capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	2,440,075		2,440,075			2,222,097
Current \| Commercial \| Other commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	3,337,616		3,337,616			3,803,011
Current \| Real estate mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	13,129,465		13,129,465			13,581,261
Current \| Real estate mortgage \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,009,159		4,009,159			4,257,633
Current \| Real estate mortgage \| Other residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	3,686,470		3,686,470			3,269,634
30 TO 89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	91,196		91,196			108,303
30 TO 89 Days Past Due \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	10,154		10,154			2,126
30 TO 89 Days Past Due \| Commercial \| Venture capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0		0			0
30 TO 89 Days Past Due \| Commercial \| Other commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	4,263		4,263			984
30 TO 89 Days Past Due \| Real estate mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	79,492		79,492			77,704
30 TO 89 Days Past Due \| Real estate mortgage \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	10,249		10,249			10,498
30 TO 89 Days Past Due \| Real estate mortgage \| Other residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	69,243		69,243			34,319
Nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	203,712		$ 203,712			159,168
Number of largest loan relationships \| loan			3
Nonaccrual \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	27,436		$ 27,436			3,135
Nonaccrual \| Commercial \| Venture capital
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	14,398		14,398			625
Nonaccrual \| Commercial \| Other commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	13,038		13,038			2,510
Nonaccrual \| Real estate mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	172,706		172,706			154,676
Nonaccrual \| Real estate mortgage \| Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	107,116		107,116			93,334
Nonaccrual \| Real estate mortgage \| Other residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	53,951		53,951			57,984
Nonaccrual \| Three largest loan relationships
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	69,800		69,800
Nonaccrual \| 90 or More Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	82,500		82,500			92,700
Nonaccrual \| Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	102,800		102,800			51,200
Nonaccrual \| 30 TO 89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 18,400		$ 18,400			$ 15,300

Borrowings and Subordinated Debt

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

BORROWINGS AND SUBORDINATED DEBT

Borrowings

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


	June 30, 2026				December 31, 2025
			Weighted				Weighted

Borrowing Type	Balance		Average Rate		Balance		Average Rate
	(Dollars in thousands)
FHLB secured advances	$	2,350,000	3.88	%	$	1,710,185	3.90	%
Other short-term borrowings	—		—	%	240,000		3.69	%
Credit-linked notes	110,363		14.40	%	113,634		14.63	%
Total borrowings, net	$	2,460,363	4.36	%	$	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 $7.1 billion as of June 30, 2026, collateralized by a blanket lien on $10.3 billion of qualifying loans. As of June 30, 2026, there were $611.2 million in letters of credit pledged and a $2.4 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:


	June 30, 2026
					Maturity
FHLB Secured Advances	Balance		Rate		Date
	(Dollars in thousands)

Term advance	$	100,000	3.94	%	07/27/2026
Term advance	150,000		3.95	%	07/30/2026
Term advance	100,000		3.93	%	07/30/2026
Term advance	225,000		4.01	%	08/03/2026
Term advance	225,000		4.01	%	08/10/2026
Term advance	200,000		3.91	%	10/30/2026
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	$	2,350,000	3.88	%

___________________

(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 June 30, 2026, the Bank had secured borrowing capacity of $3.8 billion collateralized by liens covering $4.7 billion of qualifying loans and $0.1 billion of securities. As of June 30, 2026 and December 31, 2025, there were no balances outstanding.

Holding Company Line of Credit Arrangement. As of June 30, 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%. As of June 30, 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 10.76% at June 30, 2026. The notes are linked to the credit risk of an approximately $2.1 billion reference pool of previously purchased SFR mortgage loans at June 30, 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 $110.4 million at June 30, 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 June 30, 2026, the Bank had credit limits of $190.0 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 June 30, 2026 there was no balance outstanding under these arrangements compared to $240.0 million outstanding as of December 31, 2025.

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 were recorded as a loss on redemption of debt in noninterest income.

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


	June 30, 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)	$	—	—	%	$	381,737	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		7.03	%	10,310		7.07	%	08/15/2003	09/17/2033	3-month Term SOFR + 3.10
Trust VI	10,310		6.98	%	10,310		7.03	%	09/03/2003	09/15/2033	3-month Term SOFR + 3.05
Trust CII	5,155		6.88	%	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		5.62	%	20,619		5.67	%	08/15/2005	09/15/2035	3-month Term SOFR + 1.69
Trust FCCI	16,495		5.53	%	16,495		5.58	%	01/25/2007	03/15/2037	3-month Term SOFR + 1.60
Trust FCBI	10,310		5.48	%	10,310		5.53	%	09/30/2005	12/15/2035	3-month Term SOFR + 1.55
Trust CS 2005-1	82,475		5.88	%	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)	29,440		4.20	%	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		7.41	%	7,217		7.35	%	09/16/2002	09/26/2032	3-month Term SOFR + 3.40
PMB Capital Trust III	10,310		5.94	%	10,310		6.15	%	10/04/2004	10/08/2034	3-month Term SOFR + 2.00
Total subordinated debt	633,755		6.45	%	1,016,327		5.35	%
Acquisition discount (6)	(60,200)				(63,587)
Total subordinated debt, net	$	573,555			$	952,740

___________________

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

(2) Net of unamortized issuance costs of $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.

(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.

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
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+ Details

Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Fair Value Measurements - Valuation Methodology and Unobservable Inputs for Level 3 Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 54,514	$ 52,691
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	34,325	$ 4,042
Discount From Appraisals \| Third party appraisals \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 34,325

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2026	Jul. 31, 2026
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		157,950,529
Entity Central Index Key	0001169770
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q2
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
Depositary Shares, each representing a 1/40th interest in a share of 7.75% fixed rate reset non-cumulative perpetual preferred stock, Series F
Entity Listings [Line Items]
Title of 12(b) Security	perpetual preferred stock, Series F
Trading Symbol	BANC/PF
Security Exchange Name	NYSE

Segment Reporting - Narrative (Details)	6 Months Ended
Segment Reporting - Narrative (Details)	Jun. 30, 2026 segment
Segment Reporting [Abstract]
Number of reportable segments	1

Loans and Leases Held for Investment - Schedule of Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases HFI	$ 24,291,404		$ 25,155,487
Net acquisition discounts	(46,786)		(86,061)
Deferred fees, net	(33,772)		(36,747)
Total	24,210,846		25,032,679	$ 24,245,893
Allowance for loan and lease losses	(243,319)	$ (241,600)	(245,612)	(229,344)	$ (234,986)	$ (239,360)
Total loans and leases HFI, net	23,967,527		24,787,067
Net purchase discounts	(127,400)		(158,500)
Net purchase premiums	80,600		72,400
Accrued interest receivable	101,100		104,300
Real estate mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases HFI	13,334,993		13,846,097
Total	13,276,580		13,750,787	13,807,808
Allowance for loan and lease losses	(147,021)	(131,514)	(137,401)	(134,945)	(130,116)	(145,754)
Real estate construction and land
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases HFI	1,483,757		1,959,591
Total	1,474,851		1,947,627	2,302,091
Allowance for loan and lease losses	(9,264)	(10,395)	(8,849)	(7,063)	(14,125)	(10,940)
Real estate construction and land \| Land and acquisition and development loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases HFI	186,000		214,500
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases HFI	9,128,241		8,994,466
Total	9,112,431		8,977,206	7,753,257
Allowance for loan and lease losses	(74,268)	(86,815)	(86,087)	(73,330)	(75,988)	(67,833)
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases HFI	344,413		355,333
Total	346,984		357,059	382,737
Allowance for loan and lease losses	$ (12,766)	$ (12,876)	$ (13,275)	$ (14,006)	$ (14,757)	$ (14,833)

Fair Value Measurements and Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 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 $111.6 million at June 30, 2026. The carrying value of the credit-linked notes at June 30, 2026 was the estimated fair value of $110.4 million. Interest expense on the credit-linked notes totaled $4.1 million and $8.2 million for the three and six months ended June 30, 2026, and $4.5 million and $9.0 million for the three and six months ended June 30, 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 June 30,				Six Months Ended June 30,

Credit-Linked Notes	2026		2025		2026		2025
	(In thousands)
Changes in fair value - gains included in earnings	$	112	$	(637)	$	206	$	(155)
Changes in fair value - other comprehensive (loss) income	$	(106)	$	(517)	$	(217)	$	(371)

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


Credit-Linked Notes	June 30, 2026		December 31, 2025
	(In thousands)

Carrying value reported on the consolidated balance sheets	$	110,363	$	113,634
Aggregate unpaid principal balance in excess of fair value	$	1,209	$	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 June 30, 2026, the fair value of these investments was $128.9 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 June 30, 2026
Measured on a Recurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Securities AFS:
Agency residential MBS	$	788,640	$	—	$	788,640	$	—
U.S. Treasury securities	223,475		223,475		—		—
Agency commercial MBS	149,572		—		149,572		—
Agency residential CMOs	2,599,212		—		2,599,212		—

Corporate debt securities	237,864		—		230,964		6,900
Private label residential CMOs	262,028		—		262,028		—
Collateralized loan obligations	200,500		—		200,500		—
Private label commercial MBS	7,511		—		7,511		—
Asset-backed securities	12,181		—		12,181		—
SBA securities	3,038		—		3,038		—
Total securities AFS	$	4,484,021	$	223,475	$	4,253,646	$	6,900
Equity investments with readily determinable fair values	$	2,159	$	2,159	$	—	$	—
Derivatives (1):
Derivative assets
Cash flow hedges	5,253		—		5,253		—
Interest rate and foreign exchange contracts	4,546		—		4,546		—
Equity warrants	3,326		—		—		3,326
Derivative liabilities
Cash flow hedges	3,617		—		3,617		—
Interest rate and foreign exchange contracts	4,406		—		4,406		—
Credit-linked notes	110,363		—		—		110,363

___________________

(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 six months ended June 30, 2026, there were $1.6 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 six months ended June 30, 2026 and $4.5 million transfer of AFS corporate debt securities from Level 2 to Level 3 during the same period.



	Corporate Debt Securities as of June 30, 2026

	Input or Range	Weighted Average
Unobservable Inputs	of Inputs	Input (1)
Spread to 10 Year Treasury	(0.2)% - 41.9%	8.3%
Discount rates	4.3% - 13.3%	12.8%

____________________

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



	Equity Warrants as of June 30, 2026

	Range	Weighted Average
Unobservable Inputs	of Inputs	Input (1)
Volatility (1)	24.1% - 1,327.4%	24.7%
Risk-free interest rate	3.7% - 4.2%	4.1%
Remaining life assumption (in years)	0.08 - 4.95	3.17 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	—		1,834		(206)
Total included in other comprehensive income	30		—		217

Issuances	—		204		—
Principal payments	—		—		(3,282)

Transfer from Level 2	4,500		—		—


Exercises and settlements	—		(591)		—

Transfers to Level 1 (equity investments with readily determinable fair values)	—		(1,558)		—
Balance, June 30, 2026	$	6,900	$	3,326	$	110,363

Unrealized net gain for the period included in other
comprehensive income for securities held at quarter-end	$	30

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


	Fair Value Measurement as of June 30, 2026
Measured on a Nonrecurring Basis	Total		Level 1		Level 2		Level 3
	(In thousands)
Individually evaluated loans and leases	$	54,493	$	—	$	20,168	$	34,325

OREO	21		—		21		—
Total non-recurring	$	54,514	$	—	$	20,189	$	34,325


	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 June 30,				Six Months Ended June 30,
Loss on Assets Measured on a Non‑Recurring Basis	2026		2025		2026		2025
	(In thousands)
Individually evaluated loans and leases	$	13,216	$	490	$	15,494	$	1,394

OREO	6		367		6		424
Total losses	$	13,222	$	857	$	15,500	$	1,818

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:

June 30, 2026

Valuation

Unobservable

Asset

Fair Value

Technique

Inputs

(In thousands)

Individually evaluated loans and leases

34,325

Third-party appraisal

No discounts

Total non-recurring Level 3

34,325

The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated:


	June 30, 2026
	Carrying		Estimated Fair Value
	Amount		Total		Level 1		Level 2		Level 3
	(In thousands)
Financial Assets:
Cash and due from banks	$	225,343	$	225,343	$	225,343	$	—	$	—
Interest-earning deposits in financial institutions	2,592,712		2,592,712		2,592,712		—		—
Securities AFS	4,484,021		4,484,021		223,475		4,253,646		6,900

Investment in FRB and FHLB stock	181,352		181,352		—		181,352		—
Loans HFS	915,171		915,324		—		915,324		—
Loans and leases HFI, net	23,967,527		22,955,046		—		20,168		22,934,878
Equity investments with readily determinable fair values	2,159		2,159		2,159		—		—
Equity warrants	3,326		3,326		—		—		3,326
Cash flow hedges	5,253		5,253		—		5,253		—
Interest rate and foreign exchange contracts	4,546		4,546		—		4,546		—
Servicing rights	190		190		—		—		190

Financial Liabilities:
Demand, checking, money market, and savings deposits	23,468,565		23,468,565		—		23,468,565		—
Time deposits	4,652,617		4,638,194		—		4,638,194		—
Borrowings	2,460,363		2,459,613		—		2,349,250		110,363
Subordinated debt	573,555		575,837		—		575,837		—
Cash flow hedges	3,617		3,617		—		3,617		—
Interest rate and foreign exchange contracts	4,406		4,406		—		4,406		—


	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 June 30, 2026, the amounts that will actually be realized or paid at settlement or maturity of the instruments could be significantly different.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
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-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Subparagraph (g)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Fair Value Measurements and Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Credit-linked notes	$ 111,600			$ 111,600
Carrying value reported on the consolidated balance sheets	110,363			110,363		$ 113,634
Interest expense credit-linked	164,095	$ 155,825	$ 180,293	319,920	$ 354,584
SBIC investments	128,874			128,874		$ 121,072
Fair value transfers of assets measured on a recurring basis				0
Transfer from Level 2				4,500
Equity warrants
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value transfers of assets measured on a recurring basis				(1,600)
Credit-linked notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured debt	2,100,000			2,100,000
Interest expense credit-linked	$ 4,100		$ 4,500	$ 8,200	$ 9,000

Loans and Leases Held for Investment - Schedule of Nonaccrual and Performing Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Financing Receivable, Impaired [Line Items]
Total	$ 24,210,846	$ 25,032,679	$ 24,245,893
Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	203,712	159,168
Performing
Financing Receivable, Impaired [Line Items]
Total	24,007,134	24,873,511
Real estate mortgage
Financing Receivable, Impaired [Line Items]
Total	13,276,580	13,750,787	13,807,808
Real estate mortgage \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	172,706	154,676
Real estate mortgage \| Performing
Financing Receivable, Impaired [Line Items]
Total	13,103,874	13,596,111
Real estate mortgage \| Commercial
Financing Receivable, Impaired [Line Items]
Total	4,037,229	4,314,637
Real estate mortgage \| Commercial \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	107,116	93,334
Real estate mortgage \| Commercial \| Performing
Financing Receivable, Impaired [Line Items]
Total	3,930,113	4,221,303
Real estate mortgage \| Multi-family
Financing Receivable, Impaired [Line Items]
Total	5,445,475	6,089,417
Real estate mortgage \| Multi-family \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	11,639	3,358
Real estate mortgage \| Multi-family \| Performing
Financing Receivable, Impaired [Line Items]
Total	5,433,836	6,086,059
Real estate mortgage \| Other residential
Financing Receivable, Impaired [Line Items]
Total	3,793,876	3,346,733
Real estate mortgage \| Other residential \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	53,951	57,984
Real estate mortgage \| Other residential \| Performing
Financing Receivable, Impaired [Line Items]
Total	3,739,925	3,288,749
Real estate construction and land
Financing Receivable, Impaired [Line Items]
Total	1,474,851	1,947,627	2,302,091
Real estate construction and land \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	2,385	0
Real estate construction and land \| Performing
Financing Receivable, Impaired [Line Items]
Total	1,472,466	1,947,627
Real estate construction and land \| Commercial
Financing Receivable, Impaired [Line Items]
Total	360,392	379,387
Real estate construction and land \| Commercial \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	0	0
Real estate construction and land \| Commercial \| Performing
Financing Receivable, Impaired [Line Items]
Total	360,392	379,387
Real estate construction and land \| Residential
Financing Receivable, Impaired [Line Items]
Total	1,114,459	1,568,240
Real estate construction and land \| Residential \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	2,385	0
Real estate construction and land \| Residential \| Performing
Financing Receivable, Impaired [Line Items]
Total	1,112,074	1,568,240
Commercial
Financing Receivable, Impaired [Line Items]
Total	9,112,431	8,977,206	7,753,257
Commercial \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	27,436	3,135
Commercial \| Performing
Financing Receivable, Impaired [Line Items]
Total	9,084,995	8,974,071
Commercial \| Asset-based
Financing Receivable, Impaired [Line Items]
Total	3,318,822	2,951,010
Commercial \| Asset-based \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	0	0
Commercial \| Asset-based \| Performing
Financing Receivable, Impaired [Line Items]
Total	3,318,822	2,951,010
Commercial \| Venture capital
Financing Receivable, Impaired [Line Items]
Total	2,440,075	2,222,097
Commercial \| Venture capital \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	14,398	625
Commercial \| Venture capital \| Performing
Financing Receivable, Impaired [Line Items]
Total	2,425,677	2,221,472
Commercial \| Other commercial
Financing Receivable, Impaired [Line Items]
Total	3,353,534	3,804,099
Commercial \| Other commercial \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	13,038	2,510
Commercial \| Other commercial \| Performing
Financing Receivable, Impaired [Line Items]
Total	3,340,496	3,801,589
Consumer
Financing Receivable, Impaired [Line Items]
Total	346,984	357,059	$ 382,737
Consumer \| Nonaccrual
Financing Receivable, Impaired [Line Items]
Total	1,185	1,357
Consumer \| Performing
Financing Receivable, Impaired [Line Items]
Total	$ 345,799	$ 355,702

Segment Reporting

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

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	June 30, 2026		December 31, 2025
	(In thousands)







Segment total assets (1)	$	35,030,953	$	34,797,442

_________________________

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

- Definition

The entire disclosure for segment reporting.

+ References

Reference 1: 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 2: 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 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Paragraph 34
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 32
-Subparagraph (ee)
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Investment Securities - Schedule of Securities Available for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Debt Securities, Available-for-sale [Line Items]
Amortized cost	$ 4,696,251	$ 2,646,414
Allowance for credit loss	(3,250)	(775)
Net carrying amount	4,693,001	2,645,639
Gross unrealized gains	3,084	5,309
Gross unrealized losses	(212,064)	(196,890)
Fair value	4,484,021	2,454,058
Interest receivable	19,400	11,400
Agency residential MBS
Debt Securities, Available-for-sale [Line Items]
Amortized cost	928,717	972,161
Allowance for credit loss	0	0
Net carrying amount	928,717	972,161
Gross unrealized gains	0	0
Gross unrealized losses	(140,077)	(138,076)
Fair value	788,640	834,085
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	223,509
Allowance for credit loss	0
Net carrying amount	223,509
Gross unrealized gains	65
Gross unrealized losses	(99)
Fair value	223,475
Agency commercial MBS
Debt Securities, Available-for-sale [Line Items]
Amortized cost	151,059	52,022
Allowance for credit loss	0	0
Net carrying amount	151,059	52,022
Gross unrealized gains	0	44
Gross unrealized losses	(1,487)	(1,100)
Fair value	149,572	50,966
Agency residential CMOs
Debt Securities, Available-for-sale [Line Items]
Amortized cost	2,625,289	883,067
Allowance for credit loss	0	0
Net carrying amount	2,625,289	883,067
Gross unrealized gains	1,891	3,857
Gross unrealized losses	(27,968)	(15,300)
Fair value	2,599,212	871,624
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	254,753	257,236
Allowance for credit loss	(3,250)	(775)
Net carrying amount	251,503	256,461
Gross unrealized gains	802	576
Gross unrealized losses	(14,441)	(15,441)
Fair value	237,864	241,596
Private label residential CMOs
Debt Securities, Available-for-sale [Line Items]
Amortized cost	289,337	254,787
Allowance for credit loss	0	0
Net carrying amount	289,337	254,787
Gross unrealized gains	46	522
Gross unrealized losses	(27,355)	(26,334)
Fair value	262,028	228,975
Collateralized loan obligations
Debt Securities, Available-for-sale [Line Items]
Amortized cost	200,307	200,519
Allowance for credit loss	0	0
Net carrying amount	200,307	200,519
Gross unrealized gains	213	303
Gross unrealized losses	(20)	0
Fair value	200,500	200,822
Private label commercial MBS
Debt Securities, Available-for-sale [Line Items]
Amortized cost	7,946	9,746
Allowance for credit loss	0	0
Net carrying amount	7,946	9,746
Gross unrealized gains	0	0
Gross unrealized losses	(435)	(467)
Fair value	7,511	9,279
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	12,114	13,242
Allowance for credit loss	0	0
Net carrying amount	12,114	13,242
Gross unrealized gains	67	7
Gross unrealized losses	0	0
Fair value	12,181	13,249
SBA securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	3,220	3,634
Allowance for credit loss	0	0
Net carrying amount	3,220	3,634
Gross unrealized gains	0	0
Gross unrealized losses	(182)	(172)
Fair value	$ 3,038	$ 3,462

Investment Securities - Schedule of Contractual Maturities of Securities Available-for-Sale (Details) $ in Thousands	Jun. 30, 2026 USD ($)
Schedule of Investments [Line Items]
Amortization cost, remainder of fiscal year 2026	$ 0
Amortization cost, 2027 to 2031	393,827
Amortization cost, 2032 to 2036	239,495
Amortization cost, after 2036	4,062,929
Fair value, remainder of fiscal year 2026	0
Fair value, 2027 to 2031	386,576
Fair value, 2032 to 2036	229,387
Fair value, after 2036	3,868,058
Amortized cost, total	4,696,251
Fair value, total	4,484,021
Agency residential MBS
Schedule of Investments [Line Items]
Amortization cost, remainder of fiscal year 2026	0
Amortization cost, 2027 to 2031	0
Amortization cost, 2032 to 2036	0
Amortization cost, after 2036	928,717
Fair value, remainder of fiscal year 2026	0
Fair value, 2027 to 2031	0
Fair value, 2032 to 2036	0
Fair value, after 2036	788,640
Amortized cost, total	928,717
Fair value, total	788,640
U.S. Treasury securities
Schedule of Investments [Line Items]
Amortization cost, remainder of fiscal year 2026	0
Amortization cost, 2027 to 2031	223,509
Amortization cost, 2032 to 2036	0
Amortization cost, after 2036	0
Fair value, remainder of fiscal year 2026	0
Fair value, 2027 to 2031	223,475
Fair value, 2032 to 2036	0
Fair value, after 2036	0
Amortized cost, total	223,509
Fair value, total	223,475
Agency commercial MBS
Schedule of Investments [Line Items]
Amortization cost, remainder of fiscal year 2026	0
Amortization cost, 2027 to 2031	40,179
Amortization cost, 2032 to 2036	0
Amortization cost, after 2036	110,880
Fair value, remainder of fiscal year 2026	0
Fair value, 2027 to 2031	40,031
Fair value, 2032 to 2036	0
Fair value, after 2036	109,541
Amortized cost, total	151,059
Fair value, total	149,572
Agency residential CMOs
Schedule of Investments [Line Items]
Amortization cost, remainder of fiscal year 2026	0
Amortization cost, 2027 to 2031	0
Amortization cost, 2032 to 2036	13,028
Amortization cost, after 2036	2,612,261
Fair value, remainder of fiscal year 2026	0
Fair value, 2027 to 2031	0
Fair value, 2032 to 2036	13,207
Fair value, after 2036	2,586,005
Amortized cost, total	2,625,289
Fair value, total	2,599,212
Corporate debt securities
Schedule of Investments [Line Items]
Amortization cost, remainder of fiscal year 2026	0
Amortization cost, 2027 to 2031	130,139
Amortization cost, 2032 to 2036	124,614
Amortization cost, after 2036	0
Fair value, remainder of fiscal year 2026	0
Fair value, 2027 to 2031	123,070
Fair value, 2032 to 2036	114,794
Fair value, after 2036	0
Amortized cost, total	254,753
Fair value, total	237,864
Private label residential CMOs
Schedule of Investments [Line Items]
Amortization cost, remainder of fiscal year 2026	0
Amortization cost, 2027 to 2031	0
Amortization cost, 2032 to 2036	0
Amortization cost, after 2036	289,337
Fair value, remainder of fiscal year 2026	0
Fair value, 2027 to 2031	0
Fair value, 2032 to 2036	0
Fair value, after 2036	262,028
Amortized cost, total	289,337
Fair value, total	262,028
Collateralized loan obligations
Schedule of Investments [Line Items]
Amortization cost, remainder of fiscal year 2026	0
Amortization cost, 2027 to 2031	0
Amortization cost, 2032 to 2036	93,763
Amortization cost, after 2036	106,544
Fair value, remainder of fiscal year 2026	0
Fair value, 2027 to 2031	0
Fair value, 2032 to 2036	93,775
Fair value, after 2036	106,725
Amortized cost, total	200,307
Fair value, total	200,500
Private label commercial MBS
Schedule of Investments [Line Items]
Amortization cost, remainder of fiscal year 2026	0
Amortization cost, 2027 to 2031	0
Amortization cost, 2032 to 2036	4,870
Amortization cost, after 2036	3,076
Fair value, remainder of fiscal year 2026	0
Fair value, 2027 to 2031	0
Fair value, 2032 to 2036	4,573
Fair value, after 2036	2,938
Amortized cost, total	7,946
Fair value, total	7,511
Asset-backed securities
Schedule of Investments [Line Items]
Amortization cost, remainder of fiscal year 2026	0
Amortization cost, 2027 to 2031	0
Amortization cost, 2032 to 2036	0
Amortization cost, after 2036	12,114
Fair value, remainder of fiscal year 2026	0
Fair value, 2027 to 2031	0
Fair value, 2032 to 2036	0
Fair value, after 2036	12,181
Amortized cost, total	12,114
Fair value, total	12,181
SBA securities
Schedule of Investments [Line Items]
Amortization cost, remainder of fiscal year 2026	0
Amortization cost, 2027 to 2031	0
Amortization cost, 2032 to 2036	3,220
Amortization cost, after 2036	0
Fair value, remainder of fiscal year 2026	0
Fair value, 2027 to 2031	0
Fair value, 2032 to 2036	3,038
Fair value, after 2036	0
Amortized cost, total	3,220
Fair value, total	$ 3,038

(Loss) Earnings Per Share

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

(Loss) Earnings Per Share

(LOSS) EARNINGS PER SHARE

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


	Three Months Ended June 30, 2026

			Class B
	Voting		Non-Voting
	Common		Common		Total
	(In thousands, except per share amounts)
Basic Loss Per Share: (1)
Net loss available to common and equivalent stockholders	$	(250,525)	$	(769)	$	(251,294)
Less: Earnings and dividends allocated to unvested restricted stock (2)	6		—		6
Net loss allocated to common and equivalent shares	$	(250,519)	$	(769)	$	(251,288)

Weighted average basic shares and unvested restricted stock outstanding	155,366		477		155,843
Less: weighted average unvested restricted stock outstanding	(40)		—		(40)
Weighted average basic shares outstanding	155,326		477		155,803

Basic loss per share	$	(1.61)	$	(1.61)	$	(1.61)

Diluted Loss Per Share: (1)
Net loss allocated to common and equivalent shares	$	(250,519)	$	(769)	$	(251,288)





Weighted average diluted shares outstanding	155,326		477		155,803



Diluted loss per share	$	(1.61)	$	(1.61)	$	(1.61)

________________________

(1) Basic and diluted loss per share are calculated 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.


	Six Months Ended June 30, 2026
					Non-Voting
			Class B		Common
	Voting		Non-Voting		Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Loss Per Share: (1)
Net loss available to common and equivalent stockholders	$	(187,544)	$	(581)	$	(1,164)	$	(189,289)

Less: Earnings and dividends allocated to unvested restricted stock (2)	(1)		—		—		(1)
Net loss allocated to common and equivalent shares	$	(187,545)	$	(581)	$	(1,164)	$	(189,290)

Weighted average basic shares and unvested restricted stock outstanding	153,938		477		955		155,370
Less: weighted average unvested restricted stock outstanding	(55)		—		—		(55)
Weighted average basic shares outstanding	153,883		477		955		155,315

Basic loss per share	$	(1.22)	$	(1.22)	$	(1.22)	$	(1.22)

Diluted Loss Per Share: (1)
Net loss allocated to common and equivalent shares	$	(187,545)	$	(581)	$	(1,164)	$	(189,290)





Weighted average diluted shares outstanding	153,883		477		955		155,315



Diluted loss per share	$	(1.22)	$	(1.22)	$	(1.22)	$	(1.22)

_____________________

(1) Basic and diluted loss per share are 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.


	Three Months Ended June 30, 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	$	17,243	$	55	$	1,140	$	18,438
Less: Earnings allocated to unvested restricted stock (2)	(5)		—		—		(5)
Net earnings allocated to common and equivalent shares	$	17,238	$	55	$	1,140	$	18,433

Weighted average basic shares and unvested restricted stock outstanding	148,236		477		9,791		158,504
Less: weighted average unvested restricted stock outstanding	(150)		—		—		(150)
Weighted average basic shares outstanding	148,086		477		9,791		158,354

Basic earnings per share	$	0.12	$	0.12	$	0.12	$	0.12

Diluted Earnings Per Share:(3)
Net earnings allocated to common and equivalent shares	$	17,243	$	55	$	1,140	$	18,438
Weighted average diluted shares outstanding	148,194		477		9,791		158,462
Diluted earnings per share	$	0.12	$	0.12	$	0.12	$	0.12

________________________

(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.


	Six Months Ended June 30, 2025
					Non-Voting
			Class B		Common
	Voting		Non-Voting		Stock
	Common		Common		Equivalents		Total
	(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders	$	58,159	$	181	$	3,719	$	62,059
Less: Earnings allocated to unvested restricted stock (2)	(49)		—		—		(49)
Net earnings allocated to common and equivalent shares	$	58,110	$	181	$	3,719	$	62,010

Weighted average basic shares and unvested restricted stock outstanding	153,304		477		9,791		163,572
Less: weighted average unvested restricted stock outstanding	(176)		—		—		(176)
Weighted average basic shares outstanding	153,128		477		9,791		163,396

Basic earnings per share	$	0.38	$	0.38	$	0.38	$	0.38

Diluted Earnings Per Share:(3)
Net earnings allocated to common and equivalent shares	$	58,159	$	181	$	3,719	$	62,059
Weighted average diluted shares outstanding	153,399		477		9,791		163,667
Diluted earnings per share	$	0.38	$	0.38	$	0.38	$	0.38

________________________

(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 June 30,		Six Months Ended June 30,

	2026	2025	2026	2025
	(In thousands)
Restricted stock awards and units	2,951	150	2,898	176
Warrants	13,178	18,902	16,025	18,902

Other Assets (Tables)

6 Months Ended

Jun. 30, 2026

Other Assets [Abstract]

Schedule of Other Assets

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


Other Assets	June 30, 2026		December 31, 2025
	(In thousands)
Investments:
LIHTC investments	$	237,969	$	259,780
SBIC investments	128,874		121,072
Alternative energy partnerships (HLBV investments)	16,070		16,354
Other equity and CRA investments	157,115		150,048
Total investments	540,028		547,254
Interest receivable	124,052		131,429
Operating lease ROU assets, net (1)	94,777		99,205
Prepaid expenses	40,546		33,829
Taxes receivable	31,556		8,385
Foreclosed assets, net	16,319		17,115
Equity warrants (2)	3,326		3,437
Other receivables/assets	89,865		44,108
Total other assets	$	940,469	$	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 - Disaggregation of Revenue Based on Timing of Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue from Contract with Customer [Abstract]
Products and services transferred at a point in time	$ 6,285	$ 3,698	$ 14,266	$ 8,251
Products and services transferred over time	5,621	5,611	11,494	11,250
Total revenue from contracts with customers	$ 11,906	$ 9,309	$ 25,760	$ 19,501

- Definition

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.

+ References

+ Details

Loans and Leases Held for Investment

6 Months Ended

Jun. 30, 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:


	June 30, 2026		December 31, 2025
	(In thousands)
Real estate mortgage	$	13,334,993	$	13,846,097
Real estate construction and land (1)	1,483,757		1,959,591
Commercial	9,128,241		8,994,466
Consumer	344,413		355,333
Total gross loans and leases HFI	24,291,404		25,155,487
Unearned discounts, net (2)	(46,786)		(86,061)
Deferred fees, net	(33,772)		(36,747)
Total loans and leases HFI	24,210,846		25,032,679
Allowance for loan and lease losses	(243,319)		(245,612)
Total loans and leases HFI, net (3)	$	23,967,527	$	24,787,067

____________________

(1) Includes land and acquisition and development loans of $186.0 million and $214.5 million at June 30, 2026 and December 31, 2025.

The following tables present an aging analysis of our loans and leases HFI by loan portfolio segment and class as of the dates indicated:


	June 30, 2026
	30 - 89		90 or More
	Days		Days		Total
	Past Due		Past Due		Past Due		Current		Total
	(In thousands)
Real estate mortgage:
Commercial	$	10,249	$	17,821	$	28,070	$	4,009,159	$	4,037,229
Multi-family	—		11,639		11,639		5,433,836		5,445,475
Other residential	69,243		38,163		107,406		3,686,470		3,793,876
Total real estate mortgage	79,492		67,623		147,115		13,129,465		13,276,580
Real estate construction and land:
Commercial	—		—		—		360,392		360,392
Residential	—		2,385		2,385		1,112,074		1,114,459
Total real estate construction and land	—		2,385		2,385		1,472,466		1,474,851
Commercial:
Asset-based	5,891		—		5,891		3,312,931		3,318,822
Venture capital	—		—		—		2,440,075		2,440,075
Other commercial	4,263		11,655		15,918		3,337,616		3,353,534
Total commercial	10,154		11,655		21,809		9,090,622		9,112,431
Consumer	1,550		794		2,344		344,640		346,984
Total	$	91,196	$	82,457	$	173,653	$	24,037,193	$	24,210,846


	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:


	June 30, 2026						December 31, 2025
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
	(In thousands)
Real estate mortgage:
Commercial	$	107,116	$	3,930,113	$	4,037,229	$	93,334	$	4,221,303	$	4,314,637
Multi-family	11,639		5,433,836		5,445,475		3,358		6,086,059		6,089,417
Other residential	53,951		3,739,925		3,793,876		57,984		3,288,749		3,346,733
Total real estate mortgage	172,706		13,103,874		13,276,580		154,676		13,596,111		13,750,787
Real estate construction and land:
Commercial	—		360,392		360,392		—		379,387		379,387
Residential	2,385		1,112,074		1,114,459		—		1,568,240		1,568,240
Total real estate construction and land	2,385		1,472,466		1,474,851		—		1,947,627		1,947,627
Commercial:
Asset-based	—		3,318,822		3,318,822		—		2,951,010		2,951,010
Venture capital	14,398		2,425,677		2,440,075		625		2,221,472		2,222,097
Other commercial	13,038		3,340,496		3,353,534		2,510		3,801,589		3,804,099
Total commercial	27,436		9,084,995		9,112,431		3,135		8,974,071		8,977,206
Consumer	1,185		345,799		346,984		1,357		355,702		357,059
Total	$	203,712	$	24,007,134	$	24,210,846	$	159,168	$	24,873,511	$	25,032,679

At June 30, 2026, nonaccrual loans and leases included $82.5 million of loans and leases 90 or more days past due, $18.4 million of loans 30 to 89 days past due, and $102.8 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 June 30, 2026, three of our largest loan relationships on nonaccrual status had an aggregate carrying value of $69.8 million and represented 34% of total nonaccrual loans and leases.


	June 30, 2026
	Classified		Special Mention		Pass		Total
	(In thousands)
Real estate mortgage:
Commercial	$	227,445	$	158,679	$	3,651,105	$	4,037,229
Multi-family	157,819		59,149		5,228,507		5,445,475
Other residential	53,951		—		3,739,925		3,793,876
Total real estate mortgage	439,215		217,828		12,619,537		13,276,580
Real estate construction and land:
Commercial	—		—		360,392		360,392
Residential	2,385		4,036		1,108,038		1,114,459
Total real estate construction and land	2,385		4,036		1,468,430		1,474,851
Commercial:
Asset-based	15,255		4,135		3,299,432		3,318,822
Venture capital	99,773		36,182		2,304,120		2,440,075
Other commercial	24,739		35,434		3,293,361		3,353,534
Total commercial	139,767		75,751		8,896,913		9,112,431
Consumer	1,423		2,927		342,634		346,984
Total	$	582,790	$	300,542	$	23,327,514	$	24,210,846


	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


	At		Three Months Ended		Six Months Ended		At		Three Months Ended		Six Months Ended
	June 30, 2026						June 30, 2025
	Nonaccrual		Interest		Interest		Nonaccrual		Interest		Interest
	Recorded		Income		Income		Recorded		Income		Income
	Investment		Recognized		Recognized		Investment		Recognized		Recognized
	(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial	$	43,963	$	—	$	—	$	173	$	—	$	—

Other residential	122		—		—		64		—		—



Commercial:
Asset-based	—		—		—		950		—		—

Other commercial	1,711		—		—		2,832		—		—
Consumer	1,185		—		—		716		—		—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial	$	63,153	$	3	$	6	$	97,939	$	4	$	7
Multi-family	11,639		—		—		22,594		—		—
Other residential	53,829		—		—		39,332		—		—
Real estate construction and land:

Residential	2,385		—		—		—		—		—
Commercial:
Asset-based	—		—		—		781		—		—
Venture capital	14,398		6		6		—		—		—
Other commercial	11,327		6		12		2,135		1		1

Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage	$	172,706	$	3	$	6	$	160,102	$	4	$	7
Real estate construction and land	2,385		—		—		—		—		—
Commercial	27,436		12		18		6,698		1		1
Consumer	1,185		—		—		716		—		—
Total	$	203,712	$	15	$	24	$	167,516	$	5	$	8


															Revolving
															Converted
Amortized Cost Basis	Term Loans by Origination Year												Revolving		to Term
June 30, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass	$	944	$	19,512	$	3,204	$	2,760	$	17,454	$	83,254	$	—	$	—	$	127,128
3-4.5 Pass	206,027		429,103		137,936		110,876		762,948		1,839,828		32,013		5,246		3,523,977
5 Special mention	—		—		5,167		360		20,412		109,678		—		23,062		158,679
6-8 Classified	—		3,885		14,037		3,443		77,201		128,879		—		—		227,445
Total	$	206,971	$	452,500	$	160,344	$	117,439	$	878,015	$	2,161,639	$	32,013	$	28,308	$	4,037,229
Current YTD period:
Gross charge-offs	$	—	$	—	$	464	$	—	$	11,045	$	2,542	$	—	$	—	$	14,051

Real Estate Mortgage:
Multi-family
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	50,408	$	308,989	$	—	$	—	$	359,397
3-4.5 Pass	180,190		420,673		108,543		54,335		1,815,432		2,286,357		3,580		—		4,869,110
5 Special mention	—		—		—		3,781		10,192		45,176		—		—		59,149
6-8 Classified	—		10,396		20,000		1,619		83,650		42,154		—		—		157,819
Total	$	180,190	$	431,069	$	128,543	$	59,735	$	1,959,682	$	2,682,676	$	3,580	$	—	$	5,445,475
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	51,969	$	16,280	$	—	$	—	$	68,249

Real Estate Mortgage:
Other residential
Internal risk rating:
1-2 High pass	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
3-4.5 Pass	308,155		943,998		49,138		24,069		262,087		2,039,903		112,575		—		3,739,925
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		6,849		3,296		408		13,703		28,722		973		—		53,951
Total	$	308,155	$	950,847	$	52,434	$	24,477	$	275,790	$	2,068,625	$	113,548	$	—	$	3,793,876
Current YTD period:
Gross charge-offs	$	—	$	44	$	—	$	5	$	845	$	13	$	—	$	—	$	907


															Revolving
															Converted
Amortized Cost Basis (1)	Term Loans by Origination Year												Revolving		to Term
June 30, 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	21,495		196,874		34,622		59,706		1,632		46,063		—		—		360,392
5 Special mention	—		—		—		—		—		—		—		—		—
6-8 Classified	—		—		—		—		—		—		—		—		—
Total	$	21,495	$	196,874	$	34,622	$	59,706	$	1,632	$	46,063	$	—	$	—	$	360,392
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	29,553		183,395		233,276		152,134		364,187		39,736		105,757		—		1,108,038
5 Special mention	—		—		—		—		—		4,036		—		—		4,036
6-8 Classified	—		—		—		—		—		2,385		—		—		2,385
Total	$	29,553	$	183,395	$	233,276	$	152,134	$	364,187	$	46,157	$	105,757	$	—	$	1,114,459
Current YTD period:
Gross charge-offs	$	—	$	8,191	$	953	$	—	$	44,298	$	14,089	$	—	$	—	$	67,531

Commercial: Asset-Based
Internal risk rating:
1-2 High pass	$	19,636	$	40,160	$	24,152	$	19,031	$	117,220	$	283,838	$	102,110	$	—	$	606,147
3-4.5 Pass	183,608		237,810		22,657		72,147		127,400		129,306		1,920,357		—		2,693,285
5 Special mention	—		—		—		—		—		621		3,514		—		4,135
6-8 Classified	—		5,373		—		196		5,595		—		4,091		—		15,255
Total	$	203,244	$	283,343	$	46,809	$	91,374	$	250,215	$	413,765	$	2,030,072	$	—	$	3,318,822
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial: Venture
Capital
Internal risk rating:
1-2 High pass	$	(105)	$	(180)	$	(76)	$	(65)	$	—	$	—	$	218,362	$	22,990	$	240,926
3-4.5 Pass	85,465		142,079		88,803		39,154		46,441		45,043		1,521,177		95,032		2,063,194
5 Special mention	—		3,977		8,641		14,413		—		5,991		2,925		235		36,182
6-8 Classified	—		7		14,578		30,300		14,621		10,890		14,979		14,398		99,773
Total	$	85,360	$	145,883	$	111,946	$	83,802	$	61,062	$	61,924	$	1,757,443	$	132,655	$	2,440,075
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	14,400	$	14,400

____________________

(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
June 30, 2026	2026		2025		2024		2023		2022		Prior		Loans		Loans		Total
	(In thousands)
Commercial: Other
Commercial
Internal risk rating:
1-2 High pass	$	1,267	$	2,840	$	831	$	62	$	19,263	$	(30)	$	52,222	$	47	$	76,502
3-4.5 Pass	63,780		267,363		41,817		53,032		41,606		271,916		2,450,871		26,474		3,216,859
5 Special mention	—		—		—		7,106		—		4,451		23,869		8		35,434
6-8 Classified	—		—		—		—		6,422		3,711		13,401		1,205		24,739
Total	$	65,047	$	270,203	$	42,648	$	60,200	$	67,291	$	280,048	$	2,540,363	$	27,734	$	3,353,534
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	215	$	1,332	$	483	$	411	$	2,441

Consumer
Internal risk rating:
1-2 High pass	$	3	$	55	$	—	$	—	$	10	$	3	$	360	$	—	$	431
3-4.5 Pass	27,081		24,304		19,241		10,970		46,842		208,098		5,595		72		342,203
5 Special mention	—		—		—		—		824		2,103		—		—		2,927
6-8 Classified	—		—		—		—		326		858		—		239		1,423
Total	$	27,084	$	24,359	$	19,241	$	10,970	$	48,002	$	211,062	$	5,955	$	311	$	346,984
Current YTD period:
Gross charge-offs	$	—	$	—	$	—	$	—	$	139	$	1,919	$	—	$	—	$	2,058

Total Loans and Leases
Internal risk rating:
1-2 High pass	$	21,745	$	62,387	$	28,111	$	21,788	$	204,355	$	676,054	$	373,054	$	23,037	$	1,410,531
3-4.5 Pass	1,105,354		2,845,599		736,033		576,423		3,468,575		6,906,250		6,151,925		126,824		21,916,983
5 Special mention	—		3,977		13,808		25,660		31,428		172,056		30,308		23,305		300,542
6-8 Classified	—		26,510		51,911		35,966		201,518		217,599		33,444		15,842		582,790
Total	$	1,127,099	$	2,938,473	$	829,863	$	659,837	$	3,905,876	$	7,971,959	$	6,588,731	$	189,008	$	24,210,846
Current YTD period:
Gross charge-offs	$	—	$	8,235	$	1,417	$	5	$	116,588	$	36,175	$	483	$	14,811	$	177,714

______________________

(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


	Amortized Cost Basis at June 30, 2026
							Payment Delay,		Term Extension,				% of
	Term		Payment		Interest		and Interest		Interest Rate Reduction,				Total
	Extension		Delay		Rate Reduction		Rate Reduction		and Forgiveness		Total		Loans
Three Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	2,302	$	2,418	$	—	$	1,007	$	—	$	5,727	0.1	%
Multi-family	103,650		—		—		—		—		103,650		1.9	%



Commercial:

Venture capital	14,597		—		—		—		14,398		28,995		1.2	%
Other commercial	2,320		—		40				—		2,360		0.1	%

Total	$	122,869	$	2,418	$	40	$	1,007	$	14,398	$	140,732


	Amortized Cost Basis at June 30, 2026
					Interest		Term Extension		Payment Delay,		Term Extension,				% of
	Term		Payment		Rate		and Interest		and Interest		Interest Rate Reduction				Total
	Extension		Delay		Reduction		Rate Reduction		Rate Reduction		and Forgiveness		Total		Loans
Six Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	33,207	$	3,364	$	—	$	—	$	1,007	$	44,160	$	81,738	2.0	%
Multi-family	105,270		—		—		—		—		—		105,270		1.9	%



Commercial:

Venture capital	14,597		—		—		—		—		14,398		28,995		1.2	%
Other commercial	2,428		—		40		57		—		—		2,525		0.1	%

Total	$	155,502	$	3,364	$	40	$	57	$	1,007	$	58,558	$	218,528


	Amortized Cost Basis at June 30, 2025

					Interest		Term Extension				% of
	Term		Payment		Rate		and Interest				Total
	Extension		Delay		Reduction		Rate Reduction		Total		Loans
Three Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	9,661	$	2,078	$	2,621	$	—	$	14,360	0.3	%
Multi-family	42,853		—		—		—		42,853		0.7	%

Real estate construction and land:
Commercial	69,324		—		—		—		69,324		18.2	%

Commercial:
Asset-based	25,334		—		—		—		25,334		1.0	%

Other commercial	3,905		—		—		216		4,121		0.1	%
Consumer	7		—		—		—		7		—	%
Total	$	151,084	$	2,078	$	2,621	$	216	$	155,999


	Amortized Cost Basis at June 30, 2025
									Term Extension,
					Interest		Term Extension		Interest Rate				% of
	Term		Payment		Rate		and Interest		Reduction, and				Total
	Extension		Delay		Reduction		Rate Reduction		Payment Delay		Total		Loans
Six Months Ended	(Dollars in thousands)
Real estate mortgage:
Commercial	$	47,572	$	3,657	$	2,621	$	—	$	—	$	53,850	1.2	%
Multi-family	67,157		—		—		—		—		67,157		1.1	%
Other residential	971		2,500		—		—		—		3,471		0.1	%
Real estate construction and land:
Commercial	69,324		—		—		—		—		69,324		18.2	%
Residential	3,124		—		—		—		—		3,124		0.2	%
Commercial:
Asset-based	25,334		—		—		—		—		25,334		1.0	%
Venture capital	7,395		—		—		—		—		7,395		0.4	%
Other commercial	4,237		—		—		547		146		4,930		0.1	%
Consumer	7		—		—		—		—		7		—	%
Total	$	225,121	$	6,157	$	2,621	$	547	$	146	$	234,592

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 June 30, 2026
			Interest		Payment Delay
	Term Extension	Payment Delay	Rate Reduction		and Interest Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	5	6	—		3	1.74	%
Multi-family	40	—	—		—	—




Commercial:

Venture capital	21	—	—		—	—
Other commercial	8	—	4.00	%	—	—


	Weighted Average for the Six Months Ended June 30, 2026
			Interest		Payment Delay			Term Extension and
	Term Extension	Payment Delay	Rate Reduction		and Interest Reduction			Interest Rate Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	10	6	—		3	1.74	%	—	—
Multi-family	40	—	—		—	—		—	—




Commercial:

Venture capital	21	—	—		—	—		—	—
Other commercial	10	—	4.00	%	—	—		15	3.50	%


	Weighted Average for the Three Months Ended June 30, 2025
			Interest		Term Extension and
	Term Extension	Payment Delay	Rate Reduction		Interest Rate Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	10	3	3.29	%	—	—
Multi-family	6	—	—		—	—

Real estate construction and land:
Commercial	4	—	—		—	—

Commercial:
Asset-based	47	—	—		—	—

Other commercial	15	—	—		54	1.85	%
Consumer	24	—	—		—	—


	Weighted Average for the Six Months Ended June 30, 2025
			Interest		Term Extension and
	Term Extension	Payment Delay	Rate Reduction		Interest Rate Reduction
	(in months)	(in months)	(in % points)		(in months)	(in % points)
Real estate mortgage:
Commercial	13	4	3.29	%	—	—
Multi-family	6	—	—		—	—
Other residential	9	3	—		—	—
Real estate construction and land:
Commercial	4	—	—		—	—
Residential	12	—	—		—	—
Commercial:
Asset-based	47	—	—		—	—
Venture capital	12	—	—		—	—
Other commercial	17	—	—		55	1.91	%
Consumer	24	—	—		—	—

The following outlines the weighted average financial effects of our combination loan modifications for borrowers experiencing financial difficulties.

Combination - term extension, interest rate reduction, and principal forgiveness. Regarding the combination of term extensions, interest rate reductions, and principal forgiveness, the weighted average financial effect for the three months ended June 30, 2026 for venture capital loans included a 68 month maturity extension, a reduced rate of 1.00%, and principal forgiveness of $5.0 million.

Combination - term extension, interest rate reduction, and principal forgiveness. Regarding the combination of term extensions, interest rate reductions, and principal forgiveness, the weighted average financial effect for the six months ended June 30, 2026 for CRE loans included a 64 month maturity extension, a reduced rate of 1.65%, and principal forgiveness of $8.1 million and venture capital loans included a 68 month maturity extension, a reduced rate of 1.00%, and principal forgiveness of $5.0 million.

Combination - term extension, payment delay, and interest rate reduction. For the six months ended June 30, 2025, other commercial loans included a 61 month 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 June 30, 2026
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	131,127	$	—	$	—	$	131,127
Multi-family	105,270		—		—		105,270
Other residential	—		1,475		—		1,475



Commercial:
Asset-based	29,075		—		—		29,075
Venture capital	46,074		—		—		46,074
Other commercial	2,670		—		—		2,670
Consumer	238		—		—		238
Total	$	314,454	$	1,475	$	—	$	315,929


	Payment Status (Amortized Cost Basis) at June 30, 2025
			30-89 Days		90 or More Days
	Current		Past Due		Past Due		Total
	(In thousands)
Real estate mortgage:
Commercial	$	117,025	$	—	$	—	$	117,025
Multi-family	67,157		—		—		67,157
Other residential	1,634		—		2,500		4,134
Real estate construction and land:
Commercial	69,324		—		—		69,324
Residential	3,124		—		—		3,124
Commercial:
Asset-based	25,334		—		—		25,334
Venture capital	13,121		—		—		13,121
Other commercial	5,376		—		—		5,376
Consumer	7		—		—		7
Total	$	302,102	$	—	$	2,500	$	304,602

No loans modified within the previous 12 months subsequently defaulted during the three or six month periods ended June 30, 2026. During the three and six month periods ended June 30, 2025, the Company had one modified residential real estate loan during the preceding 12-month period, with an amortized cost basis of $2.5 million, that subsequently defaulted.

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 June 30,				Six Months Ended June 30,

	2026		2025		2026		2025
	(In thousands)
Component of leases receivable income:
Interest income on net investments in leases	$	3,732	$	3,690	$	7,284	$	7,745

The following table presents the components of leases receivable as of the dates indicated:


	June 30, 2026		December 31, 2025
	(In thousands)
Net Investment in Direct Financing Leases:
Lease payments receivable	$	164,278	$	151,719
Unguaranteed residual assets	19,173		19,921
Deferred costs and other	2,740		1,793
Aggregate net investment in leases	$	186,191	$	173,433

The following table presents maturities of leases receivable as of the date indicated:


	June 30, 2026
	(In thousands)
Period ending December 31,
2026	$	32,951
2027	54,458
2028	41,707
2029	34,697
2030	10,433
Thereafter	10,735
Total undiscounted cash flows	184,981
Less: Unearned income	(20,703)
Present value of lease payments	$	164,278

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 ACL loans and leases HFI by loan portfolio segment for the periods indicated:


	Three Months Ended June 30, 2026
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	131,514	$	10,395	$	86,815	$	12,876	$	241,600
Charge-offs	(77,833)		(67,531)		(15,104)		(1,149)		(161,617)
Recoveries	90		—		921		325		1,336
Net charge-offs	(77,743)		(67,531)		(14,183)		(824)		(160,281)
Provision	93,250		66,400		1,636		714		162,000
Balance, end of period	$	147,021	$	9,264	$	74,268	$	12,766	$	243,319
Reserve for Unfunded Loan Commitments
Balance, beginning of period	$	913	$	8,265	$	25,727	$	16	$	34,921
Provision	20		(609)		(1,406)		(5)		(2,000)
Balance, end of period	$	933	$	7,656	$	24,321	$	11	$	32,921
Total ACL, end of period	$	147,954	$	16,920	$	98,589	$	12,777	$	276,240


	Six Months Ended June 30, 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	(83,207)		(75,608)		(16,841)		(2,058)		(177,714)
Recoveries	892		—		2,228		501		3,621
Net charge-offs	(82,315)		(75,608)		(14,613)		(1,557)		(174,093)
Provision	91,935		76,023		2,794		1,048		171,800
Balance, end of period	$	147,021	$	9,264	$	74,268	$	12,766	$	243,319
Reserve for Unfunded Loan Commitments
Balance, beginning of period	$	998	$	8,755	$	25,156	$	12	$	34,921
Provision	(65)		(1,099)		(835)		(1)		(2,000)
Balance, end of period	$	933	$	7,656	$	24,321	$	11	$	32,921
Total ACL, end of period	$	147,954	$	16,920	$	98,589	$	12,777	$	276,240

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	9,867	$	—	$	699	$	—	$	10,566
Collectively evaluated	$	137,154	$	9,264	$	73,569	$	12,766	$	232,753

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	172,476	$	2,385	$	26,424	$	—	$	201,285
Collectively evaluated	13,104,104		1,472,466		9,086,007		346,984		24,009,561
Ending balance	$	13,276,580	$	1,474,851	$	9,112,431	$	346,984	$	24,210,846


	Three Months Ended June 30, 2025
			Real Estate
	Real Estate		Construction
	Mortgage		and Land		Commercial		Consumer		Total
	(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period	$	130,116	$	14,125	$	75,988	$	14,757	$	234,986
Charge-offs	(16,080)		(21,536)		(8,593)		(739)		(46,948)
Recoveries	298		—		2,288		140		2,726
Net charge-offs	(15,782)		(21,536)		(6,305)		(599)		(44,222)
Provision	20,611		14,474		3,647		(152)		38,580
Balance, end of period	$	134,945	$	7,063	$	73,330	$	14,006	$	229,344
Reserve for Unfunded Loan Commitments
Balance, beginning of period	$	1,206	$	3,824	$	24,517	$	24	$	29,571
Provision	(98)		(834)		595		(13)		(350)
Balance, end of period	$	1,108	$	2,990	$	25,112	$	11	$	29,221
Total ACL, end of period	$	136,053	$	10,053	$	98,442	$	14,017	$	258,565


	Six Months Ended June 30, 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	(21,869)		(21,536)		(18,175)		(1,919)		(63,499)
Recoveries	610		—		4,391		202		5,203
Net charge-offs	(21,259)		(21,536)		(13,784)		(1,717)		(58,296)
Provision	10,450		17,659		19,281		890		48,280
Balance, end of period	$	134,945	$	7,063	$	73,330	$	14,006	$	229,344
Reserve for Unfunded Loan Commitments:
Balance, beginning of period	$	1,404	$	4,643	$	23,010	$	15	$	29,072
Provision	(296)		(1,653)		2,102		(4)		149
Balance, end of period	$	1,108	$	2,990	$	25,112	$	11	$	29,221
Total ACL, end of period	$	136,053	$	10,053	$	98,442	$	14,017	$	258,565

Ending Allowance by Evaluation Methodology:
Individually evaluated	$	—	$	—	$	267	$	—	$	267
Collectively evaluated	$	134,945	$	7,063	$	73,063	$	14,006	$	229,077

Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	$	160,087	$	—	$	4,440	$	—	$	164,527
Collectively evaluated	13,647,721		2,302,091		7,748,817		382,737		24,081,366
Ending balance	$	13,807,808	$	2,302,091	$	7,753,257	$	382,737	$	24,245,893

The ALLL increased by $1.7 million in the second quarter of 2026 to $243.3 million compared to the first quarter, due primarily to a $162.0 million provision and net charge-offs of $160.3 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:


	June 30, 2026				December 31, 2025
	Real		Business				Real		Business
	Property		Assets		Total		Property		Assets		Total
	(In thousands)
Real estate mortgage	$	174,865	$	—	$	174,865	$	155,233	$	—	$	155,233
Real estate construction and land	2,385		—		2,385		—		—		—
Commercial	—		26,053		26,053		—		625		625

Total	$	177,250	$	26,053	$	203,303	$	155,233	$	625	$	155,858

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Other Assets [Abstract]
LIHTC investments	$ 237,969	$ 259,780
SBIC investments	128,874	121,072
Alternative energy partnerships (HLBV investments)	16,070	16,354
Other equity and CRA investments	157,115	150,048
Total investments	540,028	547,254
Interest receivable	124,052	131,429
Operating lease ROU assets, net	94,777	99,205
Prepaid expenses	40,546	33,829
Taxes receivable	31,556	8,385
Foreclosed assets, net	16,319	17,115
Equity warrants	3,326	3,437
Other receivables/assets	89,865	44,108
Other assets	$ 940,469	$ 884,762

Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Credit-Linked Notes for Fair Value Option (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Fair Value Disclosures [Abstract]
Changes in fair value - gains included in earnings	$ 112	$ (637)	$ 206	$ (155)
Changes in fair value - other comprehensive (loss) income	$ (106)	$ (517)	$ (217)	$ (371)

Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Quantitative Inputs and Assumptions Used for Equity Warrants (Details) - Recurring - Level 3	6 Months Ended
	Jun. 30, 2026
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Remaining life assumption (in years)	29 days
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Remaining life assumption (in years)	4 years 11 months 12 days
Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Remaining life assumption (in years)	3 years 2 months 1 day
Spread to 10 Year Treasury \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate debt securities (as a percent)	(0.20%)
Spread to 10 Year Treasury \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate debt securities (as a percent)	41.90%
Spread to 10 Year Treasury \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility (as a percent)	0.083
Discount rates \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate debt securities (as a percent)	4.30%
Discount rates \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Corporate debt securities (as a percent)	13.30%
Discount rates \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility (as a percent)	0.128
Volatility \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility (as a percent)	0.241
Volatility \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility (as a percent)	13.274
Volatility \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility (as a percent)	0.247
Risk-free interest rate \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility (as a percent)	0.037
Risk-free interest rate \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility (as a percent)	0.042
Risk-free interest rate \| Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Volatility (as a percent)	0.041

Loans and Leases Held for Investment - Schedule of Credit Risk Rating Categories for Loans and Leases Held for Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Financing Receivable, Past Due [Line Items]
Total	$ 24,210,846	$ 25,032,679	$ 24,245,893
Classified
Financing Receivable, Past Due [Line Items]
Total	582,790	800,330
Special Mention
Financing Receivable, Past Due [Line Items]
Total	300,542	458,683
Pass
Financing Receivable, Past Due [Line Items]
Total	23,327,514	23,773,666
Real estate mortgage
Financing Receivable, Past Due [Line Items]
Total	13,276,580	13,750,787	13,807,808
Real estate mortgage \| Classified
Financing Receivable, Past Due [Line Items]
Total	439,215	522,193
Real estate mortgage \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	217,828	343,284
Real estate mortgage \| Pass
Financing Receivable, Past Due [Line Items]
Total	12,619,537	12,885,310
Real estate mortgage \| Commercial
Financing Receivable, Past Due [Line Items]
Total	4,037,229	4,314,637
Real estate mortgage \| Commercial \| Classified
Financing Receivable, Past Due [Line Items]
Total	227,445	297,606
Real estate mortgage \| Commercial \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	158,679	126,998
Real estate mortgage \| Commercial \| Pass
Financing Receivable, Past Due [Line Items]
Total	3,651,105	3,890,033
Real estate mortgage \| Multi-family
Financing Receivable, Past Due [Line Items]
Total	5,445,475	6,089,417
Real estate mortgage \| Multi-family \| Classified
Financing Receivable, Past Due [Line Items]
Total	157,819	166,385
Real estate mortgage \| Multi-family \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	59,149	216,286
Real estate mortgage \| Multi-family \| Pass
Financing Receivable, Past Due [Line Items]
Total	5,228,507	5,706,746
Real estate mortgage \| Other residential
Financing Receivable, Past Due [Line Items]
Total	3,793,876	3,346,733
Real estate mortgage \| Other residential \| Classified
Financing Receivable, Past Due [Line Items]
Total	53,951	58,202
Real estate mortgage \| Other residential \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	0	0
Real estate mortgage \| Other residential \| Pass
Financing Receivable, Past Due [Line Items]
Total	3,739,925	3,288,531
Real estate construction and land
Financing Receivable, Past Due [Line Items]
Total	1,474,851	1,947,627	2,302,091
Real estate construction and land \| Classified
Financing Receivable, Past Due [Line Items]
Total	2,385	55,810
Real estate construction and land \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	4,036	10,714
Real estate construction and land \| Pass
Financing Receivable, Past Due [Line Items]
Total	1,468,430	1,881,103
Real estate construction and land \| Commercial
Financing Receivable, Past Due [Line Items]
Total	360,392	379,387
Real estate construction and land \| Commercial \| Classified
Financing Receivable, Past Due [Line Items]
Total	0	52,828
Real estate construction and land \| Commercial \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	0	0
Real estate construction and land \| Commercial \| Pass
Financing Receivable, Past Due [Line Items]
Total	360,392	326,559
Real estate construction and land \| Residential
Financing Receivable, Past Due [Line Items]
Total	1,114,459	1,568,240
Real estate construction and land \| Residential \| Classified
Financing Receivable, Past Due [Line Items]
Total	2,385	2,982
Real estate construction and land \| Residential \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	4,036	10,714
Real estate construction and land \| Residential \| Pass
Financing Receivable, Past Due [Line Items]
Total	1,108,038	1,554,544
Commercial
Financing Receivable, Past Due [Line Items]
Total	9,112,431	8,977,206	7,753,257
Commercial \| Classified
Financing Receivable, Past Due [Line Items]
Total	139,767	220,722
Commercial \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	75,751	99,446
Commercial \| Pass
Financing Receivable, Past Due [Line Items]
Total	8,896,913	8,657,038
Commercial \| Asset-based
Financing Receivable, Past Due [Line Items]
Total	3,318,822	2,951,010
Commercial \| Asset-based \| Classified
Financing Receivable, Past Due [Line Items]
Total	15,255	36,732
Commercial \| Asset-based \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	4,135	7,180
Commercial \| Asset-based \| Pass
Financing Receivable, Past Due [Line Items]
Total	3,299,432	2,907,098
Commercial \| Venture capital
Financing Receivable, Past Due [Line Items]
Total	2,440,075	2,222,097
Commercial \| Venture capital \| Classified
Financing Receivable, Past Due [Line Items]
Total	99,773	171,847
Commercial \| Venture capital \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	36,182	64,577
Commercial \| Venture capital \| Pass
Financing Receivable, Past Due [Line Items]
Total	2,304,120	1,985,673
Commercial \| Other commercial
Financing Receivable, Past Due [Line Items]
Total	3,353,534	3,804,099
Commercial \| Other commercial \| Classified
Financing Receivable, Past Due [Line Items]
Total	24,739	12,143
Commercial \| Other commercial \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	35,434	27,689
Commercial \| Other commercial \| Pass
Financing Receivable, Past Due [Line Items]
Total	3,293,361	3,764,267
Consumer
Financing Receivable, Past Due [Line Items]
Total	346,984	357,059	$ 382,737
Consumer \| Classified
Financing Receivable, Past Due [Line Items]
Total	1,423	1,605
Consumer \| Special Mention
Financing Receivable, Past Due [Line Items]
Total	2,927	5,239
Consumer \| Pass
Financing Receivable, Past Due [Line Items]
Total	$ 342,634	$ 350,215

Leases - Schedule of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating lease expense:
Fixed costs	$ 7,107	$ 7,327	$ 14,051	$ 14,296
Variable costs	45	124	92	236
Short-term lease costs	237	210	489	445
Sublease income	(1,098)	(1,156)	(2,164)	(2,288)
Net lease expense	$ 6,291	$ 6,505	$ 12,468	$ 12,689

Loans and Leases Held for Investment - Schedule of Loan Portfolio Segment and Class (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	$ 1,127,099		$ 1,127,099		$ 2,657,557
2025	2,938,473		2,938,473		946,340
2024	829,863		829,863		796,857
2023	659,837		659,837		4,796,866
2022	3,905,876		3,905,876		5,011,492
Prior	7,971,959		7,971,959		4,122,029
Revolving loans	6,588,731		6,588,731		6,588,037
Revolving converted to term loans	189,008		189,008		113,501
Total	24,210,846	$ 24,245,893	24,210,846	$ 24,245,893	25,032,679
Gross charge-offs
2026			0		993
2025			8,235		0
2024			1,417		1,681
2023			5		27,067
2022			116,588		10,063
Prior			36,175		23,359
Revolving loans			483		11,597
Revolving converted to term loans			14,811		745
Total	161,617	46,948	177,714	63,499	75,505
1-2 High pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	21,745		21,745		58,788
2025	62,387		62,387		33,657
2024	28,111		28,111		25,912
2023	21,788		21,788		218,817
2022	204,355		204,355		394,880
Prior	676,054		676,054		430,388
Revolving loans	373,054		373,054		396,581
Revolving converted to term loans	23,037		23,037		22,166
Total	1,410,531		1,410,531		1,581,189
3-4.5 Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	1,105,354		1,105,354		2,560,936
2025	2,845,599		2,845,599		803,792
2024	736,033		736,033		672,843
2023	576,423		576,423		4,187,272
2022	3,468,575		3,468,575		4,409,370
Prior	6,906,250		6,906,250		3,418,250
Revolving loans	6,151,925		6,151,925		6,074,208
Revolving converted to term loans	126,824		126,824		65,806
Total	21,916,983		21,916,983		22,192,477
5 Special mention
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		30,436
2025	3,977		3,977		28,944
2024	13,808		13,808		36,420
2023	25,660		25,660		131,451
2022	31,428		31,428		82,600
Prior	172,056		172,056		83,233
Revolving loans	30,308		30,308		41,371
Revolving converted to term loans	23,305		23,305		24,228
Total	300,542		300,542		458,683
6-8 Classified
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		7,397
2025	26,510		26,510		79,947
2024	51,911		51,911		61,682
2023	35,966		35,966		259,326
2022	201,518		201,518		124,642
Prior	217,599		217,599		190,158
Revolving loans	33,444		33,444		75,877
Revolving converted to term loans	15,842		15,842		1,301
Total	582,790		582,790		800,330
Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	9,112,431	7,753,257	9,112,431	7,753,257	8,977,206
Gross charge-offs
Total	15,104	8,593	16,841	18,175
Commercial \| Asset-based
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	203,244		203,244		402,869
2025	283,343		283,343		69,837
2024	46,809		46,809		100,822
2023	91,374		91,374		272,014
2022	250,215		250,215		258,183
Prior	413,765		413,765		206,425
Revolving loans	2,030,072		2,030,072		1,640,860
Revolving converted to term loans	0		0		0
Total	3,318,822		3,318,822		2,951,010
Gross charge-offs
2026			0		0
2025			0		0
2024			0		0
2023			0		0
2022			0		0
Prior			0		0
Revolving loans			0		0
Revolving converted to term loans			0		0
Total			0		0
Commercial \| Asset-based \| 1-2 High pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	19,636		19,636		41,364
2025	40,160		40,160		29,359
2024	24,152		24,152		23,020
2023	19,031		19,031		122,112
2022	117,220		117,220		185,978
Prior	283,838		283,838		197,800
Revolving loans	102,110		102,110		204,041
Revolving converted to term loans	0		0		0
Total	606,147		606,147		803,674
Commercial \| Asset-based \| 3-4.5 Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	183,608		183,608		355,855
2025	237,810		237,810		40,478
2024	22,657		22,657		77,608
2023	72,147		72,147		144,338
2022	127,400		127,400		72,205
Prior	129,306		129,306		8,625
Revolving loans	1,920,357		1,920,357		1,404,315
Revolving converted to term loans	0		0		0
Total	2,693,285		2,693,285		2,103,424
Commercial \| Asset-based \| 5 Special mention
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		0
2022	0		0		0
Prior	621		621		0
Revolving loans	3,514		3,514		7,180
Revolving converted to term loans	0		0		0
Total	4,135		4,135		7,180
Commercial \| Asset-based \| 6-8 Classified
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		5,650
2025	5,373		5,373		0
2024	0		0		194
2023	196		196		5,564
2022	5,595		5,595		0
Prior	0		0		0
Revolving loans	4,091		4,091		25,324
Revolving converted to term loans	0		0		0
Total	15,255		15,255		36,732
Commercial \| Venture capital
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	85,360		85,360		133,918
2025	145,883		145,883		126,821
2024	111,946		111,946		115,939
2023	83,802		83,802		72,018
2022	61,062		61,062		59,805
Prior	61,924		61,924		16,979
Revolving loans	1,757,443		1,757,443		1,643,189
Revolving converted to term loans	132,655		132,655		53,428
Total	2,440,075		2,440,075		2,222,097
Gross charge-offs
2026			0		993
2025			0		0
2024			0		0
2023			0		0
2022			0		5,257
Prior			0		0
Revolving loans			0		0
Revolving converted to term loans			14,400		0
Total			14,400		6,250
Commercial \| Venture capital \| 1-2 High pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	(105)		(105)		(279)
2025	(180)		(180)		(75)
2024	(76)		(76)		(67)
2023					0
2023	(65)		(65)
2022	0		0		0
Prior	0		0		0
Revolving loans	218,362		218,362		138,159
Revolving converted to term loans	22,990		22,990		22,167
Total	240,926		240,926		159,905
Commercial \| Venture capital \| 3-4.5 Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	85,465		85,465		113,608
2025	142,079		142,079		93,269
2024	88,803		88,803		60,589
2023	39,154		39,154		25,483
2022	46,441		46,441		47,321
Prior	45,043		45,043		16,979
Revolving loans	1,521,177		1,521,177		1,437,845
Revolving converted to term loans	95,032		95,032		30,674
Total	2,063,194		2,063,194		1,825,768
Commercial \| Venture capital \| 5 Special mention
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		19,964
2025	3,977		3,977
2025					(4)
2024	8,641		8,641		21,986
2023	14,413		14,413		0
2022	0		0		0
Prior	5,991		5,991		0
Revolving loans	2,925		2,925		22,044
Revolving converted to term loans	235		235		587
Total	36,182		36,182		64,577
Commercial \| Venture capital \| 6-8 Classified
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		625
2025	7		7		33,631
2024	14,578		14,578		33,431
2023	30,300		30,300		46,535
2022	14,621		14,621		12,484
Prior	10,890		10,890		0
Revolving loans	14,979		14,979		45,141
Revolving converted to term loans	14,398		14,398		0
Total	99,773		99,773		171,847
Commercial \| Other commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	65,047		65,047		229,155
2025	270,203		270,203		54,723
2024	42,648		42,648		71,021
2023	60,200		60,200		72,659
2022	67,291		67,291		168,870
Prior	280,048		280,048		136,925
Revolving loans	2,540,363		2,540,363		3,039,531
Revolving converted to term loans	27,734		27,734		31,215
Total	3,353,534		3,353,534		3,804,099
Gross charge-offs
2026			0		0
2025			0		0
2024			0		1,393
2023			0		727
2022			215		228
Prior			1,332		2,039
Revolving loans			483		11,596
Revolving converted to term loans			411		744
Total			2,441		16,727
Commercial \| Other commercial \| 1-2 High pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	1,267		1,267		2,929
2025	2,840		2,840		903
2024	831		831		172
2023	62		62		20,124
2022	19,263		19,263		611
Prior	(30)		(30)		(61)
Revolving loans	52,222		52,222		53,892
Revolving converted to term loans	47		47
Revolving converted to term loans					(1)
Total	76,502		76,502		78,569
Commercial \| Other commercial \| 3-4.5 Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	63,780		63,780		226,226
2025	267,363		267,363		51,373
2024	41,817		41,817		61,827
2023	53,032		53,032		44,555
2022	41,606		41,606		167,436
Prior	271,916		271,916		135,630
Revolving loans	2,450,871		2,450,871		2,969,078
Revolving converted to term loans	26,474		26,474		29,573
Total	3,216,859		3,216,859		3,685,698
Commercial \| Other commercial \| 5 Special mention
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		9,022
2023	7,106		7,106		5,062
2022	0		0		779
Prior	4,451		4,451		85
Revolving loans	23,869		23,869		12,147
Revolving converted to term loans	8		8		594
Total	35,434		35,434		27,689
Commercial \| Other commercial \| 6-8 Classified
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		2,447
2024	0		0		0
2023	0		0		2,918
2022	6,422		6,422		44
Prior	3,711		3,711		1,271
Revolving loans	13,401		13,401		4,414
Revolving converted to term loans	1,205		1,205		1,049
Total	24,739		24,739		12,143
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	27,084		27,084		28,802
2025	24,359		24,359		24,251
2024	19,241		19,241		13,618
2023	10,970		10,970		52,202
2022	48,002		48,002		152,367
Prior	211,062		211,062		81,125
Revolving loans	5,955		5,955		4,298
Revolving converted to term loans	311		311		396
Total	346,984	382,737	346,984	382,737	357,059
Gross charge-offs
2026			0		0
2025			0		0
2024			0		92
2023			0		1,104
2022			139		1,892
Prior			1,919		1,395
Revolving loans			0		1
Revolving converted to term loans			0		1
Total	1,149	739	2,058	1,919	4,485
Consumer \| 1-2 High pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	3		3		66
2025	55		55		0
2024	0		0		0
2023	0		0		14
2022	10		10		7
Prior	3		3		0
Revolving loans	360		360		489
Revolving converted to term loans	0		0		0
Total	431		431		576
Consumer \| 3-4.5 Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	27,081		27,081		28,736
2025	24,304		24,304		24,251
2024	19,241		19,241		13,618
2023	10,970		10,970		51,008
2022	46,842		46,842		149,047
Prior	208,098		208,098		79,026
Revolving loans	5,595		5,595		3,809
Revolving converted to term loans	72		72		144
Total	342,203		342,203		349,639
Consumer \| 5 Special mention
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		1,029
2022	824		824		2,964
Prior	2,103		2,103		1,246
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	2,927		2,927		5,239
Consumer \| 6-8 Classified
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		151
2022	326		326		349
Prior	858		858		853
Revolving loans	0		0		0
Revolving converted to term loans	239		239		252
Total	1,423		1,423		1,605
Real estate mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	13,276,580	13,807,808	13,276,580	13,807,808	13,750,787
Gross charge-offs
Total	77,833	16,080	83,207	21,869
Real estate mortgage \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	206,971		206,971		445,515
2025	452,500		452,500		208,947
2024	160,344		160,344		151,986
2023	117,439		117,439		885,402
2022	878,015		878,015		738,517
Prior	2,161,639		2,161,639		1,794,044
Revolving loans	32,013		32,013		61,764
Revolving converted to term loans	28,308		28,308		28,462
Total	4,037,229		4,037,229		4,314,637
Gross charge-offs
2026			0		0
2025			0		0
2024			464		51
2023			0		2,416
2022			11,045		613
Prior			2,542		16,650
Revolving loans			0		0
Revolving converted to term loans			0		0
Total			14,051		19,730
Real estate mortgage \| Commercial \| 1-2 High pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	944		944		14,708
2025	19,512		19,512		3,470
2024	3,204		3,204		2,787
2023	2,760		2,760		23,377
2022	17,454		17,454		33,027
Prior	83,254		83,254		77,427
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	127,128		127,128		154,796
Real estate mortgage \| Commercial \| 3-4.5 Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	206,027		206,027		430,807
2025	429,103		429,103		181,597
2024	137,936		137,936		121,685
2023	110,876		110,876		781,194
2022	762,948		762,948		608,067
Prior	1,839,828		1,839,828		1,544,708
Revolving loans	32,013		32,013		61,764
Revolving converted to term loans	5,246		5,246		5,415
Total	3,523,977		3,523,977		3,735,237
Real estate mortgage \| Commercial \| 5 Special mention
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	5,167		5,167		0
2023	360		360		23,072
2022	20,412		20,412		43,724
Prior	109,678		109,678		37,155
Revolving loans	0		0		0
Revolving converted to term loans	23,062		23,062		23,047
Total	158,679		158,679		126,998
Real estate mortgage \| Commercial \| 6-8 Classified
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	3,885		3,885		23,880
2024	14,037		14,037		27,514
2023	3,443		3,443		57,759
2022	77,201		77,201		53,699
Prior	128,879		128,879		134,754
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	227,445		227,445		297,606
Real estate mortgage \| Multi-family
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	180,190		180,190		439,489
2025	431,069		431,069		180,314
2024	128,543		128,543		59,887
2023	59,735		59,735		2,343,079
2022	1,959,682		1,959,682		1,353,115
Prior	2,682,676		2,682,676		1,712,082
Revolving loans	3,580		3,580		1,451
Revolving converted to term loans	0		0		0
Total	5,445,475		5,445,475		6,089,417
Gross charge-offs
2026			0		0
2025			0		0
2024			0		0
2023			0		0
2022			51,969		0
Prior			16,280		3,275
Revolving loans			0		0
Revolving converted to term loans			0		0
Total			68,249		3,275
Real estate mortgage \| Multi-family \| 1-2 High pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		53,190
2022	50,408		50,408		175,257
Prior	308,989		308,989		155,222
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	359,397		359,397		383,669
Real estate mortgage \| Multi-family \| 3-4.5 Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	180,190		180,190		429,017
2025	420,673		420,673		131,377
2024	108,543		108,543		54,475
2023	54,335		54,335		2,126,937
2022	1,815,432		1,815,432		1,120,759
Prior	2,286,357		2,286,357		1,459,061
Revolving loans	3,580		3,580		1,451
Revolving converted to term loans	0		0		0
Total	4,869,110		4,869,110		5,323,077
Real estate mortgage \| Multi-family \| 5 Special mention
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		10,472
2025	0		0		28,948
2024	0		0		5,412
2023	3,781		3,781		97,980
2022	10,192		10,192		28,727
Prior	45,176		45,176		44,747
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	59,149		59,149		216,286
Real estate mortgage \| Multi-family \| 6-8 Classified
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	10,396		10,396		19,989
2024	20,000		20,000		0
2023	1,619		1,619		64,972
2022	83,650		83,650		28,372
Prior	42,154		42,154		53,052
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	157,819		157,819		166,385
Real estate mortgage \| Other residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	308,155		308,155		753,939
2025	950,847		950,847		40,271
2024	52,434		52,434		22,875
2023	24,477		24,477		292,344
2022	275,790		275,790		2,042,648
Prior	2,068,625		2,068,625		92,163
Revolving loans	113,548		113,548		102,493
Revolving converted to term loans	0		0		0
Total	3,793,876		3,793,876		3,346,733
Gross charge-offs
2026			0		0
2025			44		0
2024			0		145
2023			5		2,624
2022			845		733
Prior			13		0
Revolving loans			0		0
Revolving converted to term loans			0		0
Total			907		3,502
Real estate mortgage \| Other residential \| 1-2 High pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		0
2022	0		0		0
Prior	0		0		0
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	0		0		0
Real estate mortgage \| Other residential \| 3-4.5 Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	308,155		308,155		752,817
2025	943,998		943,998		40,271
2024	49,138		49,138		22,332
2023	24,069		24,069		263,745
2022	262,087		262,087		2,015,936
Prior	2,039,903		2,039,903		91,935
Revolving loans	112,575		112,575		101,495
Revolving converted to term loans	0		0		0
Total	3,739,925		3,739,925		3,288,531
Real estate mortgage \| Other residential \| 5 Special mention
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		0
2022	0		0		0
Prior	0		0		0
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	0		0		0
Real estate mortgage \| Other residential \| 6-8 Classified
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		1,122
2025	6,849		6,849		0
2024	3,296		3,296		543
2023	408		408		28,599
2022	13,703		13,703		26,712
Prior	28,722		28,722		228
Revolving loans	973		973		998
Revolving converted to term loans	0		0		0
Total	53,951		53,951		58,202
Real estate construction and land
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	1,474,851	2,302,091	1,474,851	2,302,091	1,947,627
Gross charge-offs
Total	67,531	$ 21,536	75,608	$ 21,536
Real estate construction and land \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	21,495		21,495		123,586
2025	196,874		196,874		51,969
2024	34,622		34,622		64,663
2023	59,706		59,706		97,193
2022	1,632		1,632		40,315
Prior	46,063		46,063		1,661
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	360,392		360,392		379,387
Gross charge-offs
2026			0		0
2025			0		0
2024			0		0
2023			0		20,196
2022			8,077		1,340
Prior			0		0
Revolving loans			0		0
Revolving converted to term loans			0		0
Total			8,077		21,536
Real estate construction and land \| Commercial \| 1-2 High pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		0
2022	0		0		0
Prior	0		0		0
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	0		0		0
Real estate construction and land \| Commercial \| 3-4.5 Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	21,495		21,495		123,586
2025	196,874		196,874		51,969
2024	34,622		34,622		64,663
2023	59,706		59,706		44,365
2022	1,632		1,632		40,315
Prior	46,063		46,063		1,661
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	360,392		360,392		326,559
Real estate construction and land \| Commercial \| 5 Special mention
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		0
2022	0		0		0
Prior	0		0		0
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	0		0		0
Real estate construction and land \| Commercial \| 6-8 Classified
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		52,828
2022	0		0		0
Prior	0		0		0
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	0		0		52,828
Real estate construction and land \| Residential
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	29,553		29,553		100,284
2025	183,395		183,395		189,207
2024	233,276		233,276		196,046
2023	152,134		152,134		709,955
2022	364,187		364,187		197,672
Prior	46,157		46,157		80,625
Revolving loans	105,757		105,757		94,451
Revolving converted to term loans	0		0		0
Total	1,114,459		1,114,459		1,568,240
Gross charge-offs
2026			0		0
2025			8,191		0
2024			953		0
2023			0		0
2022			44,298		0
Prior			14,089		0
Revolving loans			0		0
Revolving converted to term loans			0		0
Total			67,531		0
Real estate construction and land \| Residential \| 1-2 High pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		0
2022	0		0		0
Prior	0		0		0
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	0		0		0
Real estate construction and land \| Residential \| 3-4.5 Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	29,553		29,553		100,284
2025	183,395		183,395		189,207
2024	233,276		233,276		196,046
2023	152,134		152,134		705,647
2022	364,187		364,187		188,284
Prior	39,736		39,736		80,625
Revolving loans	105,757		105,757		94,451
Revolving converted to term loans	0		0		0
Total	1,108,038		1,108,038		1,554,544
Real estate construction and land \| Residential \| 5 Special mention
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		4,308
2022	0		0		6,406
Prior	4,036		4,036		0
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	4,036		4,036		10,714
Real estate construction and land \| Residential \| 6-8 Classified
Financing Receivable, Troubled Debt Restructuring [Line Items]
2026	0		0		0
2025	0		0		0
2024	0		0		0
2023	0		0		0
2022	0		0		2,982
Prior	2,385		2,385		0
Revolving loans	0		0		0
Revolving converted to term loans	0		0		0
Total	$ 2,385		$ 2,385		$ 2,982

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS:
Cash and due from banks	$ 225,343	$ 181,103
Interest-earning deposits in financial institutions	2,592,712	2,126,862
Total cash, cash equivalents, and restricted cash	2,818,055	2,307,965
Securities AFS, at fair value, net of allowance for credit losses (amortized cost of $0 and $2,646,414, respectively)(ACL of $— and $775, respectively)	4,484,021	2,454,058
Securities HTM, at amortized cost, net of allowance for credit losses (fair value of $0 and $2,246,526, respectively)(ACL of $0 and $695, respectively)	0	2,308,636
FRB and FHLB stock, at cost	181,352	160,442
Total investment securities	4,665,373	4,923,136
Loans HFS	915,171	182,936
Loans and leases HFI	24,210,846	25,032,679
Allowance for loan and lease losses	(243,319)	(245,612)
Total loans and leases HFI, net	23,967,527	24,787,067
Equipment leased to others under operating leases	218,444	238,232
Premises and equipment, net	145,440	146,698
Bank owned life insurance	348,777	350,083
Goodwill	214,521	214,521
Intangible assets, net	92,709	105,287
Deferred tax asset, net	704,467	656,755
Other assets	940,469	884,762
Total assets	35,030,953	34,797,442
LIABILITIES:
Noninterest-bearing deposits	7,758,119	7,822,787
Interest-bearing deposits	20,363,063	20,020,570
Total deposits	28,121,182	27,843,357
Borrowings (including $110,363 and $113,634 at fair value, respectively)	2,460,363	2,063,819
Subordinated debt	573,555	952,740
Accrued interest payable and other liabilities	465,707	396,249
Total liabilities	31,620,807	31,256,165
Commitments and contingencies (Note 10)
STOCKHOLDERS' EQUITY:
Preferred stock	498,516	498,516
Additional paid-in capital	3,485,560	3,552,483
Retained deficit	(431,305)	(242,016)
Accumulated other comprehensive loss, net	(144,210)	(269,261)
Total stockholders' equity	3,410,146	3,541,277
Total liabilities and stockholders' equity	35,030,953	34,797,442
Common Stock
STOCKHOLDERS' EQUITY:
Common stock ($0.01 par value, shares issued and outstanding at June 30, 2026; 150,039,018 shares issued and 149,963,520 outstanding at December 31, 2025)	1,580	1,500
Class B non-voting
STOCKHOLDERS' EQUITY:
Common stock ($0.01 par value, shares issued and outstanding at June 30, 2026; 150,039,018 shares issued and 149,963,520 outstanding at December 31, 2025)	5	5
Non-voting common stock equivalents ($0.01 par value, — shares issued at June 30, 2026 and 5,017,064 shares issued at December 31, 2025)	$ 0	$ 50

Loans and Leases Held for Investment - Schedule of Components of Leases Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Net Investment in Direct Financing Leases:
Lease payments receivable	$ 164,278	$ 151,719
Unguaranteed residual assets	19,173	19,921
Deferred costs and other	2,740	1,793
Aggregate net investment in leases	$ 186,191	$ 173,433

Leases - Schedule of Supplemental Balance Sheet and Other Information (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Operating leases:
Operating lease ROU assets, net	$ 94,777	$ 99,205
Operating lease liabilities	$ 114,160	$ 120,587
Weighted average remaining lease term (in years)	5 years 6 months	5 years 9 months 18 days
Weighted average discount rate	3.83%	3.79%

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest income:
Loans and leases	$ 354,832	$ 349,943	$ 362,303	$ 704,775	$ 708,406
Investment securities	42,407	41,873	37,616	84,280	75,478
Deposits in financial institutions	17,357	15,626	20,590	32,983	43,280
Total interest income	414,596	407,442	420,509	822,038	827,164
Interest expense:
Deposits	124,270	120,233	144,940	244,503	285,470
Borrowings	26,568	20,177	20,021	46,745	38,442
Subordinated debt	13,257	15,415	15,332	28,672	30,672
Total interest expense	164,095	155,825	180,293	319,920	354,584
Net interest income	250,501	251,617	240,216	502,118	472,580
Provision for credit losses	161,780	9,800	39,100	171,580	48,400
Net interest income after provision for credit losses	88,721	241,817	201,116	330,538	424,180
Noninterest income:
Leased equipment income	7,820	8,530	10,231	16,350	21,015
Commissions and fees	9,034	10,980	9,641	20,014	19,599
Service charges on deposit accounts	4,763	4,978	4,456	9,741	8,999
(Loss) gain on loans and leases HFS	(12,544)	10	21	(12,534)	232
Loss on securities AFS	(256,749)	0	0	(256,749)	0
Dividends and gains (losses) on equity investments	3,326	2,002	(114)	5,328	2,209
Warrant income	896	938	1,227	1,834	932
Other income	9,358	7,890	7,171	17,248	13,297
Total noninterest (loss) income	(234,096)	35,328	32,633	(198,768)	66,283
Noninterest expense:
Compensation	85,120	91,100	88,362	176,220	174,779
Customer related expense	24,114	23,737	26,577	47,851	54,328
Occupancy	14,714	14,892	15,473	29,606	30,483
Information technology and data processing	13,769	14,339	13,073	28,108	28,172
Insurance and assessments	14,500	6,764	9,403	21,264	16,686
Intangible asset amortization	6,349	6,348	7,159	12,697	14,319
Leased equipment depreciation	5,168	5,304	6,700	10,472	13,441
Other professional services	5,599	4,236	6,406	9,835	10,919
Loan expense	5,170	4,292	4,050	9,462	6,980
Other expense	15,364	10,379	8,666	25,743	19,415
Total noninterest expense	189,867	181,391	185,869	371,258	369,522
(Loss) earnings before income taxes	(335,242)	95,754	47,880	(239,488)	120,941
Income tax (benefit) expense	(93,895)	23,802	19,495	(70,093)	38,988
Net (loss) earnings	(241,347)	71,952	28,385	(169,395)	81,953
Preferred stock dividends	9,947	9,947	9,947	19,894	19,894
Net (loss) earnings available to common and equivalent stockholders, basic	(251,294)	62,005	18,438	(189,289)	62,059
Net (loss) earnings available to common and equivalent stockholders, diluted	$ (251,294)	$ 62,005	$ 18,438	$ (189,289)	$ 62,059
(Loss) earnings per share:
Basic (usd per share)	$ (1.61)	$ 0.40	$ 0.12	$ (1.22)	$ 0.38
Diluted (usd per share)	$ (1.61)	$ 0.39	$ 0.12	$ (1.22)	$ 0.38

Leases

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

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 June 30,				Six Months Ended June 30,

	2026		2025		2026		2025
	(In thousands)
Operating lease expense:
Fixed costs	$	7,107	$	7,327	$	14,051	$	14,296
Variable costs	45		124		92		236
Short-term lease costs	237		210		489		445
Sublease income	(1,098)		(1,156)		(2,164)		(2,288)
Net lease expense	$	6,291	$	6,505	$	12,468	$	12,689

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


	Six Months Ended June 30,

	2026		2025
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,889	$	16,273
ROU assets obtained in exchange for lease obligations:
Operating leases	$	7,253	$	18,671

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


	June 30, 2026			December 31, 2025
	(Dollars in thousands)
Operating leases:
Operating lease ROU assets, net	$	94,777		$	99,205
Operating lease liabilities	$	114,160		$	120,587

Weighted average remaining lease term (in years)	5.5			5.8
Weighted average discount rate	3.83		%	3.79		%

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


	June 30, 2026
	(In thousands)
Period ending December 31,
2026	$	15,806
2027	27,502
2028	23,167
2029	18,519
2030	14,730
Thereafter	27,464
Total operating lease liabilities	127,188
Less: Imputed interest	(13,028)
Present value of operating lease liabilities	$	114,160

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 six months ended June 30, 2026 and 2025.

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


	June 30, 2026
	(In thousands)
Period ending December 31,
2026	$	14,838
2027	27,745
2028	26,826
2029	24,894
2030	18,242
Thereafter	27,729
Total undiscounted cash flows	$	140,274

Borrowings and Subordinated Debt - Narrative (Details)		6 Months Ended
Borrowings and Subordinated Debt - Narrative (Details)	Sep. 29, 2022 class	Jun. 30, 2026 USD ($) Rate	May 01, 2026 USD ($)	Dec. 31, 2025 USD ($)
Debt Instrument [Line Items]
Borrowings		$ 110,363,000		$ 113,634,000
FHLB secured advances \| Federal Home Loan Bank of San Francisco
Debt Instrument [Line Items]
Balance outstanding		0		0
Subordinated debt
Debt Instrument [Line Items]
Redeemed outstanding aggregate principal			$ 385,000,000
Debt interest rate			3.25%
FHLB secured advances \| FHLB secured advances
Debt Instrument [Line Items]
Financing capacity		7,100,000,000
Debt collateral		(10,300,000,000)
Balance outstanding		2,350,000,000		1,710,185,000
FHLB secured advances \| FHLB secured advances \| Federal Home Loan Bank of San Francisco
Debt Instrument [Line Items]
Financing capacity		3,800,000,000
FHLB secured advances \| Loans Receivable \| FHLB secured advances
Debt Instrument [Line Items]
Debt collateral		(611,200,000)		(514,100,000)
FHLB secured advances \| Loans Receivable \| FHLB secured advances \| Federal Home Loan Bank of San Francisco
Debt Instrument [Line Items]
Debt collateral		(4,700,000,000)
FHLB secured advances \| Securities \| FHLB secured advances \| Federal Home Loan Bank of San Francisco
Debt Instrument [Line Items]
Debt collateral		(100,000,000)
Unsecured Debt \| 522110 Commercial Banking
Debt Instrument [Line Items]
Balance outstanding		$ 0		0
Variable rate \| Rate		2.25%
Current borrowing capacity		$ 100,000,000.0
Credit-linked notes
Debt Instrument [Line Items]
Number of note classes \| class	5
Weighted average interest rate		10.76%
Secured debt		$ 2,100,000,000
Borrowings		110,400,000
Credit-linked notes \| Minimum
Debt Instrument [Line Items]
Variable rate	8.00%
Credit-linked notes \| Maximum
Debt Instrument [Line Items]
Variable rate	13.25%
Other short-term borrowings
Debt Instrument [Line Items]
Financing capacity		190,000,000.0
Balance outstanding		0		$ 240,000,000.0
Unused commitment fee		$ 0

Commitments and Contingencies - Schedule of Commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Loan commitments to extend credit	$ 5,211,632	$ 5,433,357
Standby letters of credit	291,747	244,895
Total	$ 5,503,379	$ 5,678,252

Goodwill and Other Intangible Assets, Net

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

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 June 30, 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 June 30,				Six Months Ended June 30,

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

CRI write-off	(264)		—		(264)		—
Balance, end of period	178,500		178,764		178,500		178,764
Accumulated Amortization:
Balance, beginning of period	(79,672)		(52,827)		(73,477)		(45,820)
Amortization expense	(6,197)		(7,007)		(12,392)		(14,014)

Elimination upon CRI write-off	78		—		78		—
Balance, end of period	(85,791)		(59,834)		(85,791)		(59,834)
Net CDI and CRI, end of period	$	92,709	$	118,930	$	92,709	$	118,930

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


	June 30, 2026
	(In thousands)
Period ending December 31,
2026	$	12,005
2027	21,136
2028	17,890
2029	14,645
2030	11,400
Thereafter	15,633
Net CDI	$	92,709

Revenue From Contracts With Customers - Interest Income and Noninterest Income (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Disaggregation of Revenue [Line Items]
Total Interest Income	$ 414,596	$ 407,442	$ 420,509	$ 822,038	$ 827,164
Service charges on deposit accounts	4,763	4,978	4,456	9,741	8,999
Commissions and fees	9,034	10,980	9,641	20,014	19,599
Leased equipment income	7,820	8,530	10,231	16,350	21,015
(Loss) gain on loans and leases HFS	(12,544)		21	(12,534)	232
Loss on securities AFS	(256,749)	0	0	(256,749)	0
Dividends and gains (losses) on equity investments	3,326		(114)	5,328	2,209
Warrant income	896	938	1,227	1,834	932
Other income	9,358	7,890	7,171	17,248	13,297
Total noninterest (loss) income	(234,096)	$ 35,328	32,633	(198,768)	66,283
Revenues	180,500		453,142	623,270	893,447
Revenue from Contracts with Customers	11,906		9,309	25,760	19,501
Total Interest Income
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0		0	0	0
Service charges on deposit accounts
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	4,763		4,456	9,741	8,999
Commissions and fees
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	7,143		4,594	16,018	9,997
Leased equipment income
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0		0	0	0
(Loss) gain on loans and leases HFS
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0		0	0	0
Loss on securities AFS
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0		0	0	0
Dividends and gains on equity investments
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0		0	0	0
Warrant income
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0		0	0	0
Other income
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0		259	1	505
Total noninterest (loss) income
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	$ 11,906		$ 9,309	$ 25,760	$ 19,501

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS' EQUITY Stock-Based Compensation At the Annual meeting of stockholders held on May 6, 2026, the Company's stockholders approved the Second Amended and Restated Banc of California, Inc. 2018 Stock Incentive Plan (the “Second Amended and Restated 2018 Plan”). The Company’s Second Amended and Restated 2018 Plan permits stock-based compensation awards to officers, directors, employees, and consultants and will remain in effect until November 30, 2033. The Second Amended and Restated 2018 Plan authorizes grants of stock-based compensation instruments covering up to 12,917,882 shares. As of June 30, 2026, there were 4,567,203 shares available for grant under the Second Amended and Restated 2018 Plan. In addition to the Second Amended and Restated 2018 Plan, in connection with the Merger, the Company assumed the Amended and Restated PacWest Bancorp 2017 Stock Incentive Plan (the "PacWest 2017 Plan") with respect to PacWest's outstanding stock-based awards. Restricted Stock (RSUs, TRSAs, and PSUs) Restricted stock amortization totaled $4.0 million and $6.2 million for the three months ended June 30, 2026 and 2025, and $9.9 million and $11.4 million for the six months ended June 30, 2026 and 2025. Such amounts are included in "Compensation expense" on the consolidated statements of earnings. The amount of unrecognized compensation expense related to all unvested RSUs, TRSAs, and PSUs as of June 30, 2026 totaled $54.9 million. Restricted Stock Units and Time-Based Restricted Stock Awards At June 30, 2026, there were 2,853,214 shares of unvested RSUs outstanding pursuant to the Second Amended and Restated 2018 Plan. At June 30, 2026, there were 4,670 shares of unvested TRSAs outstanding pursuant to the PacWest 2017 Plan. The RSUs and TRSAs generally vest over a service period of three or four years from the date of the grant or immediately upon death of an employee. Compensation expense related to RSUs and TRSAs is based on the fair value of the underlying stock on the award date and is recognized over the vesting period using the straight‑line method. TRSAs were assumed by the Company in connection with the Merger and continue to vest in accordance with the original vesting schedule of the awards. Performance Stock Units At June 30, 2026, there were 2,364,356 units of unvested PSUs outstanding. Compensation expense related to the PSUs is based on the fair value of the underlying stock on the award date and is amortized over the vesting period using the straight-line method unless it is determined that: (1) attainment of the financial metrics is less than probable, in which case a portion of the amortization is suspended, or (2) attainment of the financial metrics is improbable, in which case a portion of the previously recognized amortization is reversed and also suspended. Annual PSU expense may vary during the performance period based upon changes in management's estimate of the number of shares that may ultimately vest. In the case where the performance target for the PSUs is based on a market condition (such as total shareholder return), the amortization is neither reversed nor suspended if it is subsequently determined that the attainment of the performance target is less than probable or improbable and the employee continues to meet the service requirement of the award. Classes of Stock and Equity Instruments Preferred Stock Depositary shares each representing 1/40th of a share of 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F (“Series F Preferred Stock”) are listed on the NYSE under the symbol “BANC/PF.” The Series F Preferred Stock ranks senior to our common stock and common stock equivalents both as to dividends and liquidation preference but generally have no voting rights. There are 50,000,000 total preferred shares authorized, of which 27,000,000 were authorized for the NVCE and 513,250 were authorized and outstanding for the Series F Preferred stock at June 30, 2026 and December 31, 2025. Common Stock Our voting common stock is listed on the NYSE under the symbol “BANC” and there were 446,863,844 shares authorized at June 30, 2026 and December 31, 2025, and 157,950,529 shares outstanding at June 30, 2026 and 149,963,520 shares outstanding at December 31, 2025. Class B Non-Voting Common Stock Our Class B non-voting, non-convertible common stock is not listed or traded on any national securities exchange or automated quotation system, and there currently is no established trading market for such stock. The Class B non-voting common stock ranks equally with, and has identical rights, preferences, and privileges as the voting common stock with respect to dividends and liquidation preference but generally have no voting rights. There were 3,136,156 shares authorized at June 30, 2026 and December 31, 2025 and 477,321 shares outstanding at June 30, 2026 and at December 31, 2025. Non-Voting Common Stock Equivalents In conjunction with the Merger, the Company issued a new class of NVCE from authorized preferred stock, which were issued under the Investment Agreements (as defined below). Our NVCE stock is not listed or traded on any national securities exchange or automated quotation system, and there currently is no established trading market for such stock. The NVCE stock does not have voting rights and ranks equally with, and has identical rights, preferences, and privileges as, the voting common stock with respect to dividends or distributions (including regular quarterly dividends) declared by the Board and rights upon any liquidation, dissolution, winding up or similar proceeding of the Company. The NVCE stock is convertible into shares of voting common stock on a one-for-one basis, generally upon transfer to an eligible holder or the occurrence of other specified events in accordance with the terms of the Warburg Investment Agreement (as defined below) with affiliates of funds managed by Warburg Pincus LLC (the "Warburg Investors"). There were 27,000,000 shares of NVCE stock authorized at June 30, 2026 and December 31, 2025 and there were no shares of NVCE stock outstanding at June 30, 2026 and 5,017,064 at December 31, 2025. During the six months ended June 30, 2026, the Company repurchased 1,000,000 shares of its NVCE stock from the Warburg Investors at $20.00 per share, which represented a slight discount to the market price at the time of sale. The repurchased shares were retired upon settlement and recorded as a reduction to stockholders’ equity. Warrants In conjunction with the Merger and per the terms of the investment agreements, each dated July 25, 2023, entered into by Banc of California, Inc. with the Warburg Investors (such agreement, the "Warburg Investment Agreement") and the Centerbridge Investor (together with the Warburg Investment Agreement, the "Investment Agreements"), respectively, the Warburg Investors received warrants to purchase 15,853,659 shares of NVCE stock (the "Warburg Warrants"), and the Centerbridge Investor received warrants to purchase 3,048,780 shares of voting common stock (the “Centerbridge Warrants”), each with an initial exercise price of $15.375 per share, subject to customary anti-dilution adjustments provided for under the warrant agreements. The warrants carry a term of seven years but are subject to mandatory exercise when the market price of the voting common stock reaches or exceeds $24.60 for 20 or more trading days during any 30-consecutive trading day period. These warrants are being accounted for as equity. The exercise price of the Centerbridge Warrants will be adjusted downward, per the terms of their warrant agreement, and the exercise price of the Warburg Warrants will also be adjusted, per the terms of their warrant agreement and the NVCE Articles Supplementary, for cash distributions to stockholders of the Company’s voting common stock, including the Company’s quarterly cash dividend. During the six months ended June 30, 2026, holders exercised 14,634,146 Warburg Warrants and 620,631 Centerbridge Warrants. As of June 30, 2026, 3,647,661 warrants remained outstanding. Stock Repurchase Program On March 23, 2026, we announced that our Board of Directors approved an extension of the Company's existing stock repurchase program, which was originally announced on March 17, 2025 and subsequently upsized from $150.0 million to $300.0 million on April 23, 2025. The stock repurchase program, which was previously scheduled to expire in March 2026, has been extended through March 16, 2027. During the six months ended June 30, 2026, common and common equivalent stock repurchased under the program totaled 1,709,935 shares at a weighted average price per share of $18.68, or $31.9 million in the aggregate. As of June 30, 2026, the Company had $82.6 million remaining under the stock repurchase authorization. Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by our management and in accordance with the regulations of the SEC. The timing of purchases and the number of shares repurchased under the program will depend on a variety of factors including price, trading volume, corporate and regulatory requirements, and market conditions. The program may be changed, suspended, or discontinued at any time.

Loans and Leases Held for Investment - Schedule of Collateral Dependent Loans Held for Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	$ 201,285		$ 164,527
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	177,250	$ 155,233
Business Assets
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	26,053	625
Collateral Pledged
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	203,303	155,858
Real estate mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	172,476		160,087
Real estate mortgage \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	174,865	155,233
Real estate mortgage \| Business Assets
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	0	0
Real estate mortgage \| Collateral Pledged
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	174,865	155,233
Real estate construction and land
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	2,385		0
Real estate construction and land \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	2,385	0
Real estate construction and land \| Business Assets
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	0	0
Real estate construction and land \| Collateral Pledged
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	2,385	0
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	26,424		$ 4,440
Commercial \| Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	0	0
Commercial \| Business Assets
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	26,053	625
Commercial \| Collateral Pledged
Financing Receivable, Credit Quality Indicator [Line Items]
Individually evaluated	$ 26,053	$ 625

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
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-Name Accounting Standards Codification
-Section 50
-Paragraph 5
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 6A
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Reference 6: http://www.xbrl.org/2003/role/exampleRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 8: http://www.xbrl.org/2003/role/exampleRef
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Reference 9: http://www.xbrl.org/2003/role/exampleRef
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Reference 10: http://www.xbrl.org/2003/role/exampleRef
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Reference 11: http://www.xbrl.org/2003/role/exampleRef
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Reference 12: http://www.xbrl.org/2003/role/exampleRef
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Reference 13: http://www.xbrl.org/2003/role/exampleRef
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-Section 55
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Reference 14: http://www.xbrl.org/2003/role/exampleRef
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Reference 15: http://www.xbrl.org/2003/role/exampleRef
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Reference 16: http://www.xbrl.org/2003/role/exampleRef
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Reference 17: http://www.xbrl.org/2003/role/exampleRef
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Reference 19: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Revenue From Contracts With Customers (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Revenue from Contacts With Customers, Interest Income and Noninterest Income

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 June 30,
	2026				2025
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	414,596	$	—	$	420,509	$	—
Noninterest Income:
Service charges on deposit accounts	4,763		4,763		4,456		4,456
Commissions and fees	9,034		7,143		9,641		4,594
Leased equipment income	7,820		—		10,231		—
(Loss) gain on loans and leases HFS	(12,544)		—		21		—
Loss on securities AFS	(256,749)		—		—		—
Dividends and gains (losses) on equity investments	3,326		—		(114)		—
Warrant income	896		—		1,227		—

Other income	9,358		—		7,171		259
Total noninterest (loss) income	(234,096)		11,906		32,633		9,309
Total Revenue	$	180,500	$	11,906	$	453,142	$	9,309

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


	Three Months Ended June 30,
	2026		2025
	(In thousands)
Products and services transferred at a point in time	$	6,285	$	3,698
Products and services transferred over time	5,621		5,611
Total revenue from contracts with customers	$	11,906	$	9,309


	Six Months Ended June 30,
	2026				2025
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	822,038	$	—	$	827,164	$	—
Noninterest Income:
Service charges on deposit accounts	9,741		9,741		8,999		8,999
Commissions and fees	20,014		16,018		19,599		9,997
Leased equipment income	16,350		—		21,015		—
(Loss) gain on loans and leases HFS	(12,534)		—		232		—
Loss on securities AFS	(256,749)		—		—		—
Dividends and gains on equity investments	5,328		—		2,209		—
Warrant income	1,834		—		932		—

Other income	17,248		1		13,297		505
Total noninterest (loss) income	(198,768)		25,760		66,283		19,501
Total Revenue	$	623,270	$	25,760	$	893,447	$	19,501

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


	Six Months Ended
	June 30,
	2026		2025
	(In thousands)
Products and services transferred at a point in time	$	14,266	$	8,251
Products and services transferred over time	11,494		11,250
Total revenue from contracts with customers	$	25,760	$	19,501

Schedule of 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:


	June 30, 2026		December 31, 2025
	(In thousands)
Receivables, which are included in "Other assets"	$	1,491	$	2,147

Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	244	$	279

Derivatives (Tables)

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

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:


	June 30, 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	$	572	$	3,617	$	300,000	$	—	$	4,043
Interest rate collars	1,000,000		10		—		1,000,000		—		22
Interest rate caps	380,000		4,671		—		—		—		—
Derivatives Not Designated as Hedging Instruments:
Interest rate contracts	135,560		4,063		4,022		150,652		4,124		4,079
Foreign exchange contracts	111,161		483		384		111,390		—		77
Equity warrant assets	13,324		3,326		—		14,086		3,437		—
Total contracts	$	2,320,045	$	13,125	$	8,023	$	1,576,128	$	7,561	$	8,221

Borrowings and Subordinated Debt - Schedule of FHLB Secured Advances (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Weighted Average Rate	4.36%	4.47%
FHLB secured advances \| FHLB secured advances
Debt Instrument [Line Items]
Balance outstanding	$ 2,350,000	$ 1,710,185
Weighted Average Rate	3.88%	3.90%
FHLB secured advances \| FHLB Secured Advances Due 07/27/2026
Debt Instrument [Line Items]
Balance outstanding	$ 100,000
Weighted Average Rate	3.94%
FHLB secured advances \| FHLB Secured Advances Due 07/30/2026 1
Debt Instrument [Line Items]
Balance outstanding	$ 150,000
Weighted Average Rate	3.95%
FHLB secured advances \| FHLB Secured Advances Due 07/30/2026 2
Debt Instrument [Line Items]
Balance outstanding	$ 100,000
Weighted Average Rate	3.93%
FHLB secured advances \| FHLB Secured Advances Due 08/03/2026
Debt Instrument [Line Items]
Balance outstanding	$ 225,000
Weighted Average Rate	4.01%
FHLB secured advances \| FHLB Secured Advances Due 08/10/2026
Debt Instrument [Line Items]
Balance outstanding	$ 225,000
Weighted Average Rate	4.01%
FHLB secured advances \| FHLB Secured Advances Due 10/30/2026
Debt Instrument [Line Items]
Balance outstanding	$ 200,000
Weighted Average Rate	3.91%
FHLB secured advances \| FHLB Secured Advances Due 02/01/2027
Debt Instrument [Line Items]
Balance outstanding	$ 100,000
Weighted Average Rate	3.79%
FHLB secured advances \| FHLB Secured Advances Due 03/01/2027
Debt Instrument [Line Items]
Balance outstanding	$ 100,000
Weighted Average Rate	3.79%
FHLB secured advances \| FHLB Secured Advances Due 04/01/2027
Debt Instrument [Line Items]
Balance outstanding	$ 100,000
Weighted Average Rate	3.78%
FHLB secured advances \| FHLB Secured Advances Due 05/28/2027
Debt Instrument [Line Items]
Balance outstanding	$ 150,000
Weighted Average Rate	4.63%
FHLB secured advances \| FHLB Secured Advances Due 06/03/2027
Debt Instrument [Line Items]
Balance outstanding	$ 150,000
Weighted Average Rate	4.63%
FHLB secured advances \| FHLB Secured Advances Due 06/03/2027 2
Debt Instrument [Line Items]
Balance outstanding	$ 150,000
Weighted Average Rate	4.39%
FHLB secured advances \| FHLB Secured Advances Due 06/24/2027
Debt Instrument [Line Items]
Balance outstanding	$ 100,000
Weighted Average Rate	3.88%
FHLB secured advances \| FHLB Secured Advances Due 09/18/2034
Debt Instrument [Line Items]
Balance outstanding	$ 500,000
Weighted Average Rate	3.18%

Loans and Leases Held for Investment - Schedule of Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Allowance for Loan and Lease Losses:
Balance, beginning of period	$ 241,600	$ 234,986	$ 245,612	$ 239,360	$ 239,360
Charge-offs	(161,617)	(46,948)	(177,714)	(63,499)	(75,505)
Recoveries	1,336	2,726	3,621	5,203
Net charge-offs	(160,281)	(44,222)	(174,093)	(58,296)
Provision	162,000	38,580	171,800	48,280
Balance, end of period	243,319	229,344	243,319	229,344	245,612
Reserve for Unfunded Loan Commitments
Balance, beginning of period	34,921	29,571	34,921	29,072	29,072
Provision	(2,000)	(350)	(2,000)	149
Balance, end of period	32,921	29,221	32,921	29,221	34,921
Total ACL, end of period	276,240	258,565	276,240	258,565
Ending Allowance by Evaluation Methodology:
Individually evaluated	10,566	267	10,566	267
Collectively evaluated	232,753	229,077	232,753	229,077
Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	201,285	164,527	201,285	164,527
Collectively evaluated	24,009,561	24,081,366	24,009,561	24,081,366
Total	24,210,846	24,245,893	24,210,846	24,245,893	25,032,679
Real estate mortgage
Allowance for Loan and Lease Losses:
Balance, beginning of period	131,514	130,116	137,401	145,754	145,754
Charge-offs	(77,833)	(16,080)	(83,207)	(21,869)
Recoveries	90	298	892	610
Net charge-offs	(77,743)	(15,782)	(82,315)	(21,259)
Provision	93,250	20,611	91,935	10,450
Balance, end of period	147,021	134,945	147,021	134,945	137,401
Reserve for Unfunded Loan Commitments
Balance, beginning of period	913	1,206	998	1,404	1,404
Provision	20	(98)	(65)	(296)
Balance, end of period	933	1,108	933	1,108	998
Total ACL, end of period	147,954	136,053	147,954	136,053
Ending Allowance by Evaluation Methodology:
Individually evaluated	9,867	0	9,867	0
Collectively evaluated	137,154	134,945	137,154	134,945
Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	172,476	160,087	172,476	160,087
Collectively evaluated	13,104,104	13,647,721	13,104,104	13,647,721
Total	13,276,580	13,807,808	13,276,580	13,807,808	13,750,787
Real estate construction and land
Allowance for Loan and Lease Losses:
Balance, beginning of period	10,395	14,125	8,849	10,940	10,940
Charge-offs	(67,531)	(21,536)	(75,608)	(21,536)
Recoveries	0	0	0	0
Net charge-offs	(67,531)	(21,536)	(75,608)	(21,536)
Provision	66,400	14,474	76,023	17,659
Balance, end of period	9,264	7,063	9,264	7,063	8,849
Reserve for Unfunded Loan Commitments
Balance, beginning of period	8,265	3,824	8,755	4,643	4,643
Provision	(609)	(834)	(1,099)	(1,653)
Balance, end of period	7,656	2,990	7,656	2,990	8,755
Total ACL, end of period	16,920	10,053	16,920	10,053
Ending Allowance by Evaluation Methodology:
Individually evaluated	0	0	0	0
Collectively evaluated	9,264	7,063	9,264	7,063
Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	2,385	0	2,385	0
Collectively evaluated	1,472,466	2,302,091	1,472,466	2,302,091
Total	1,474,851	2,302,091	1,474,851	2,302,091	1,947,627
Commercial
Allowance for Loan and Lease Losses:
Balance, beginning of period	86,815	75,988	86,087	67,833	67,833
Charge-offs	(15,104)	(8,593)	(16,841)	(18,175)
Recoveries	921	2,288	2,228	4,391
Net charge-offs	(14,183)	(6,305)	(14,613)	(13,784)
Provision	1,636	3,647	2,794	19,281
Balance, end of period	74,268	73,330	74,268	73,330	86,087
Reserve for Unfunded Loan Commitments
Balance, beginning of period	25,727	24,517	25,156	23,010	23,010
Provision	(1,406)	595	(835)	2,102
Balance, end of period	24,321	25,112	24,321	25,112	25,156
Total ACL, end of period	98,589	98,442	98,589	98,442
Ending Allowance by Evaluation Methodology:
Individually evaluated	699	267	699	267
Collectively evaluated	73,569	73,063	73,569	73,063
Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	26,424	4,440	26,424	4,440
Collectively evaluated	9,086,007	7,748,817	9,086,007	7,748,817
Total	9,112,431	7,753,257	9,112,431	7,753,257	8,977,206
Consumer
Allowance for Loan and Lease Losses:
Balance, beginning of period	12,876	14,757	13,275	14,833	14,833
Charge-offs	(1,149)	(739)	(2,058)	(1,919)	(4,485)
Recoveries	325	140	501	202
Net charge-offs	(824)	(599)	(1,557)	(1,717)
Provision	714	(152)	1,048	890
Balance, end of period	12,766	14,006	12,766	14,006	13,275
Reserve for Unfunded Loan Commitments
Balance, beginning of period	16	24	12	15	15
Provision	(5)	(13)	(1)	(4)
Balance, end of period	11	11	11	11	12
Total ACL, end of period	12,777	14,017	12,777	14,017
Ending Allowance by Evaluation Methodology:
Individually evaluated	0	0	0	0
Collectively evaluated	12,766	14,006	12,766	14,006
Ending Loans and Leases by Evaluation Methodology:
Individually evaluated	0	0	0	0
Collectively evaluated	346,984	382,737	346,984	382,737
Total	$ 346,984	$ 382,737	$ 346,984	$ 382,737	$ 357,059

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Reserve for unfunded loan commitments	$ 32.9	$ 34.9
Commitment to contribute capital	$ 116.5	$ 122.1

Investment Securities

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

INVESTMENT SECURITIES

During the second quarter, the Company transferred its entire HTM securities portfolio, with an aggregate amortized cost basis of $2.3 billion, to AFS securities as part of the strategic balance sheet actions. Most of the transferred securities were subsequently sold during the quarter, resulting in a pre-tax loss of $251.3 million. As of June 30, 2026, the Company had reinvested $1.7 billion of the sale proceeds into higher-yielding, lower-duration AFS 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:


	June 30, 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	$	928,717	$	—	$	928,717	$	—	$	(140,077)	$	788,640
U.S. Treasury securities	223,509		—		223,509		65		(99)		223,475
Agency commercial MBS	151,059		—		151,059		—		(1,487)		149,572
Agency residential CMOs	2,625,289		—		2,625,289		1,891		(27,968)		2,599,212

Corporate debt securities	254,753		(3,250)		251,503		802		(14,441)		237,864
Private label residential CMOs	289,337		—		289,337		46		(27,355)		262,028
Collateralized loan obligations	200,307		—		200,307		213		(20)		200,500
Private label commercial MBS	7,946		—		7,946		—		(435)		7,511
Asset-backed securities	12,114		—		12,114		67		—		12,181
SBA securities	3,220		—		3,220		—		(182)		3,038
Total (1)	$	4,696,251	$	(3,250)	$	4,693,001	$	3,084	$	(212,064)	$	4,484,021

_________________________

(1) Excludes accrued interest receivable of $19.4 million at June 30, 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 June 30, 2026, AFS securities with a fair value of $694.9 million were pledged as collateral for deposits, letters of credit, and secured borrowing facilities.

Realized Gains and Losses on Securities Available-for-Sale

The following table presents the amortized cost of AFS securities sold with related gross realized gains, gross realized losses, and net realized (losses) gains for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(In thousands)
Amortized cost of securities sold	$	2,294,702	$	—	$	2,294,702	$	—

Gross realized gains	$	1,893	$	—	$	1,893	$	—
Gross realized losses	(253,193)		—		(253,193)		—
Net loss on sale of securities	(251,300)		—		(251,300)		—

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:


	June 30, 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	$	—	$	—	$	788,640	$	(140,077)	$	788,640	$	(140,077)
U.S. Treasury securities	124,513		(99)		—		—		124,513		(99)
Agency commercial MBS	117,322		(794)		32,250		(693)		149,572		(1,487)
Agency residential CMOs	1,757,288		(12,802)		86,876		(15,166)		1,844,164		(27,968)

Corporate debt securities	35,659		(5,841)		173,652		(8,600)		209,311		(14,441)
Private label residential CMOs	99,584		(598)		121,078		(26,757)		220,662		(27,355)
Collateralized loan obligations	17,880		(20)		—		—		17,880		(20)
Private label commercial MBS	—		—		7,511		(435)		7,511		(435)

SBA securities	—		—		3,038		(182)		3,038		(182)
Total	$	2,152,246	$	(20,154)	$	1,213,045	$	(191,910)	$	3,365,291	$	(212,064)


	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 June 30, 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 $3.3 million was recorded on one corporate debt security classified as AFS.

As of June 30, 2026, two securities that were transferred to AFS as part of the securities repositioning remained unsold. Given the Company's intent to sell these securities, unrealized losses of $5.4 million were recorded in loss on securities AFS.

For all other securities in unrealized loss positions, 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. For these remaining securities in an unrealized loss position, the Company does not intend to sell them, and it is not more likely than not that the Company will be required to sell them before recovery of their amortized cost basis. Except for the credit losses and two positions recognized at fair value, 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:


	June 30, 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	$	—	$	—	$	—	$	928,717	$	928,717
U.S. Treasury securities	—		223,509		—		—		223,509
Agency commercial MBS	—		40,179		—		110,880		151,059
Agency residential CMOs	—		—		13,028		2,612,261		2,625,289

Corporate debt securities	—		130,139		124,614		—		254,753
Private label residential CMOs	—		—		—		289,337		289,337
Collateralized loan obligations	—		—		93,763		106,544		200,307
Private label commercial MBS	—		—		4,870		3,076		7,946
Asset-backed securities	—		—		—		12,114		12,114
SBA securities	—		—		3,220		—		3,220
Total amortized cost	$	—	$	393,827	$	239,495	$	4,062,929	$	4,696,251
Fair Value:
Agency residential MBS	$	—	$	—	$	—	$	788,640	$	788,640
U.S. Treasury securities	—		223,475		—		—		223,475
Agency commercial MBS	—		40,031		—		109,541		149,572
Agency residential CMOs	—		—		13,207		2,586,005		2,599,212

Corporate debt securities	—		123,070		114,794		—		237,864
Private label residential CMOs	—		—		—		262,028		262,028
Collateralized loan obligations	—		—		93,775		106,725		200,500
Private label commercial MBS	—		—		4,573		2,938		7,511
Asset-backed securities	—		—		—		12,181		12,181
SBA securities	—		—		3,038		—		3,038
Total fair value	$	—	$	386,576	$	229,387	$	3,868,058	$	4,484,021

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

As a result of the securities repositioning, the Company did not hold any securities classified as HTM as of June 30, 2026. The amortized cost, ACL, gross unrealized gains and losses, and fair values of HTM securities as of December 31, 2025 are as follows:


	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.

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 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. As of December 31, 2025, the company recorded an ACL on HTM securities of $0.7 million.

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 December 31, 2025:


	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

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 June 30,				Six Months Ended June 30,

	2026		2025		2026		2025
	(In thousands)
Taxable interest	$	35,858	$	30,766	$	69,826	$	62,213
Non-taxable interest	3,527		4,547		7,890		9,064
Dividend income	3,022		2,303		6,564		4,201
Total interest income on investment securities	$	42,407	$	37,616	$	84,280	$	75,478

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025
Statement of Stockholders' Equity [Abstract]
Preferred stock dividends declared per share (usd per share)	$ 0.4845	$ 0.4845	$ 0.4845	$ 0.4845
Common stock dividends declared per share (usd per share)	$ 0.12	$ 0.12	$ 0.10	$ 0.10

(Loss) Earnings Per Share - Schedule of Basic and Diluted Net Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net (loss) earnings available to common and equivalent stockholders, basic	$ (251,294)	$ 62,005	$ 18,438	$ (189,289)	$ 62,059
Less: Earnings allocated to unvested restricted stock	6		(5)	(1)	(49)
Net earnings (loss) allocated to common and equivalent shares	$ (251,288)		$ 18,433	$ (189,290)	$ 62,010
Weighted average basic shares and unvested restricted stock outstanding (shares)	155,843		158,504	155,370	163,572
Less: weighted-average unvested restricted stock outstanding (shares)	(40)		(150)	(55)	(176)
Weighted-average basic shares outstanding (shares)	155,803		158,354	155,315	163,396
Basic (loss) earnings per share (usd per share)	$ (1.61)	$ 0.40	$ 0.12	$ (1.22)	$ 0.38
Net loss allocated to common and equivalent shares	$ (251,288)		$ 18,438	$ (189,290)	$ 62,059
Weighted average diluted shares outstanding, diluted (usd per share)	155,803		158,462	155,315	163,667
Diluted (loss) earnings per share (usd per share)	$ (1.61)	$ 0.39	$ 0.12	$ (1.22)	$ 0.38
Voting
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net (loss) earnings available to common and equivalent stockholders, basic	$ (250,525)		$ 17,243	$ (187,544)	$ 58,159
Less: Earnings allocated to unvested restricted stock	6		(5)	(1)	(49)
Net earnings (loss) allocated to common and equivalent shares	$ (250,519)		$ 17,238	$ (187,545)	$ 58,110
Weighted average basic shares and unvested restricted stock outstanding (shares)	155,366		148,236	153,938	153,304
Less: weighted-average unvested restricted stock outstanding (shares)	(40)		(150)	(55)	(176)
Weighted-average basic shares outstanding (shares)	155,326		148,086	153,883	153,128
Basic (loss) earnings per share (usd per share)	$ (1.61)		$ 0.12	$ (1.22)	$ 0.38
Net loss allocated to common and equivalent shares	$ (250,519)		$ 17,243	$ (187,545)	$ 58,159
Weighted average diluted shares outstanding, diluted (usd per share)	155,326		148,194	153,883	153,399
Diluted (loss) earnings per share (usd per share)	$ (1.61)		$ 0.12	$ (1.22)	$ 0.38
Class B non-voting
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net (loss) earnings available to common and equivalent stockholders, basic	$ (769)		$ 55	$ (581)	$ 181
Less: Earnings allocated to unvested restricted stock	0		0	0	0
Net earnings (loss) allocated to common and equivalent shares	$ (769)		$ 55	$ (581)	$ 181
Weighted average basic shares and unvested restricted stock outstanding (shares)	477		477	477	477
Less: weighted-average unvested restricted stock outstanding (shares)	0		0	0	0
Weighted-average basic shares outstanding (shares)	477		477	477	477
Basic (loss) earnings per share (usd per share)	$ (1.61)		$ 0.12	$ (1.22)	$ 0.38
Net loss allocated to common and equivalent shares	$ (769)		$ 55	$ (581)	$ 181
Weighted average diluted shares outstanding, diluted (usd per share)	477		477	477	477
Diluted (loss) earnings per share (usd per share)	$ (1.61)		$ 0.12	$ (1.22)	$ 0.38
Nonvoting Common Stock Equivalents
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net (loss) earnings available to common and equivalent stockholders, basic			$ 1,140	$ (1,164)	$ 3,719
Less: Earnings allocated to unvested restricted stock			0	0	0
Net earnings (loss) allocated to common and equivalent shares			$ 1,140	$ (1,164)	$ 3,719
Weighted average basic shares and unvested restricted stock outstanding (shares)			9,791	955	9,791
Less: weighted-average unvested restricted stock outstanding (shares)			0	0	0
Weighted-average basic shares outstanding (shares)			9,791	955	9,791
Basic (loss) earnings per share (usd per share)			$ 0.12	$ (1.22)	$ 0.38
Net loss allocated to common and equivalent shares			$ 1,140	$ (1,164)	$ 3,719
Weighted average diluted shares outstanding, diluted (usd per share)			9,791	955	9,791
Diluted (loss) earnings per share (usd per share)			$ 0.12	$ (1.22)	$ 0.38

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Voting	Class B non-voting	Preferred Stock	Common Stock	Common Stock Voting	Common Stock Class B non-voting	Non-Voting Common Stock Equivalents	Additional Paid-in Capital	Retained Deficit	Accumulated Other Comprehensive Loss, Net
Beginning Period Balance at Dec. 31, 2024	$ 3,499,949			$ 498,516		$ 1,586	$ 5	$ 98	$ 3,785,725	$ (431,201)	$ (354,780)
Stockholders' Equity Disclosure [Rollforward]
Net earnings	53,568									53,568
Other comprehensive income, net of tax	31,460										31,460
Restricted stock awarded and earned stock compensation, net of shares forfeited	5,495					2			5,493
Restricted stock surrendered	(2,699)								(2,699)
Share purchased under dividend reinvestment plan	72								72
Shares repurchased under Stock Repurchase Program including excise tax	(38,931)	$ (27)							(38,904)
Cash dividends paid: Preferred stock	(9,947)
Cash dividends paid: Common stock	(17,311)								(17,311)
Ending Period Balance at Mar. 31, 2025	3,521,656			$ 498,516		$ 1,561	$ 5	$ 98	3,732,376	(387,580)	(323,320)
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2024				513,250
Common stock, outstanding, beginning balance (in shares) at Dec. 31, 2024						158,557,735	477,321	9,790,600
Stockholders' Equity Disclosure [Rollforward]
Restricted stock awarded and earned stock compensation, net of shares forfeited (in shares)						440,587
Restricted stock surrendered (in shares)						(183,480)
Shares purchased under Dividend Reinvestment Plan (in shares)						5,146
Shares repurchased under Stock Repurchase Program (in shares)						(2,684,823)
Preferred stock outstanding, ending balance (in shares) at Mar. 31, 2025				513,250
Common stock, issued, ending balance (in shares) at Mar. 31, 2025						156,135,165	477,321	9,790,600
Beginning Period Balance at Dec. 31, 2024	3,499,949			$ 498,516		$ 1,586	$ 5	$ 98	3,785,725	(431,201)	(354,780)
Stockholders' Equity Disclosure [Rollforward]
Net earnings	81,953
Ending Period Balance at Jun. 30, 2025	3,426,843			$ 498,516	$ 1,474		$ 5	$ 98	3,609,109	(369,142)	(313,217)
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2024				513,250
Common stock, outstanding, beginning balance (in shares) at Dec. 31, 2024						158,557,735	477,321	9,790,600
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2025				513,250
Common stock, issued, ending balance (in shares) at Jun. 30, 2025						147,379,216	477,321	9,790,600
Beginning Period Balance at Mar. 31, 2025	3,521,656			$ 498,516		$ 1,561	$ 5	$ 98	3,732,376	(387,580)	(323,320)
Stockholders' Equity Disclosure [Rollforward]
Net earnings	28,385									28,385
Other comprehensive income, net of tax	10,103										10,103
Restricted stock awarded and earned stock compensation, net of shares forfeited	6,437				1				6,436
Restricted stock surrendered	(688)								(688)
Share purchased under dividend reinvestment plan	72								72
Shares repurchased under Stock Repurchase Program including excise tax	(112,914)	$ (88)							(112,826)
Cash dividends paid: Preferred stock	(9,947)
Cash dividends paid: Common stock	(16,261)								(16,261)
Ending Period Balance at Jun. 30, 2025	3,426,843			$ 498,516	$ 1,474		$ 5	$ 98	3,609,109	(369,142)	(313,217)
Preferred stock outstanding, beginning balance (in shares) at Mar. 31, 2025				513,250
Common stock, outstanding, beginning balance (in shares) at Mar. 31, 2025						156,135,165	477,321	9,790,600
Stockholders' Equity Disclosure [Rollforward]
Restricted stock awarded and earned stock compensation, net of shares forfeited (in shares)						98,629
Restricted stock surrendered (in shares)						(50,075)
Shares purchased under Dividend Reinvestment Plan (in shares)						5,311
Shares repurchased under Stock Repurchase Program (in shares)						(8,809,814)
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2025				513,250
Common stock, issued, ending balance (in shares) at Jun. 30, 2025						147,379,216	477,321	9,790,600
Beginning Period Balance at Dec. 31, 2025	3,541,277			$ 498,516		$ 1,500	$ 5	$ 50	3,552,483	(242,016)	(269,261)
Stockholders' Equity Disclosure [Rollforward]
Net earnings	71,952									71,952
Other comprehensive income, net of tax	1,326										1,326
Conversion of NVCE to voting common stock	0					40		(40)
Restricted stock awarded and earned stock compensation, net of shares forfeited	5,636					5			5,631
Restricted stock surrendered	(5,574)								(5,574)
Share purchased under dividend reinvestment plan	115								115
Shares repurchased under Stock Repurchase Program including excise tax	(12,080)					(7)			(12,073)
NVCE repurchased	(20,200)							(10)	(20,190)
Cash dividends paid: Preferred stock	(9,947)									(9,947)
Cash dividends paid: Common stock	(19,179)								(19,179)
Ending Period Balance at Mar. 31, 2026	3,553,326			$ 498,516		$ 1,538	$ 5	$ 0	3,501,213	(180,011)	(267,935)
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2025				513,250
Common stock, outstanding, beginning balance (in shares) at Dec. 31, 2025			477,321			150,039,018	477,321	5,017,064
Stockholders' Equity Disclosure [Rollforward]
Restricted stock awarded and earned stock compensation, net of shares forfeited (in shares)						723,872
Restricted stock surrendered (in shares)						(291,929)
Shares purchased under Dividend Reinvestment Plan (in shares)						6,634
Shares repurchased under Stock Repurchase Program (in shares)						(709,935)		(1,000,000)
Conversion of NVCE to voting common stock (in shares)						4,017,064		(4,017,064)
Preferred stock outstanding, ending balance (in shares) at Mar. 31, 2026				513,250
Common stock, issued, ending balance (in shares) at Mar. 31, 2026						153,784,724	477,321	0
Beginning Period Balance at Dec. 31, 2025	3,541,277			$ 498,516		$ 1,500	$ 5	$ 50	3,552,483	(242,016)	(269,261)
Stockholders' Equity Disclosure [Rollforward]
Net earnings	(169,395)
Ending Period Balance at Jun. 30, 2026	3,410,146			$ 498,516		$ 1,580	$ 5	$ 0	3,485,560	(431,305)	(144,210)
Preferred stock outstanding, beginning balance (in shares) at Dec. 31, 2025				513,250
Common stock, outstanding, beginning balance (in shares) at Dec. 31, 2025			477,321			150,039,018	477,321	5,017,064
Stockholders' Equity Disclosure [Rollforward]
Shares repurchased under Stock Repurchase Program (in shares)			(1,000,000)
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2026				513,250
Common stock, issued, ending balance (in shares) at Jun. 30, 2026			477,321			157,955,199	477,321	0
Common stock, issued, ending balance (in shares) at Jun. 30, 2026			477,321
Beginning Period Balance at Mar. 31, 2026	3,553,326			$ 498,516		$ 1,538	$ 5	$ 0	3,501,213	(180,011)	(267,935)
Stockholders' Equity Disclosure [Rollforward]
Net earnings	(241,347)									(241,347)
Other comprehensive income, net of tax	123,725										123,725
Restricted stock awarded and earned stock compensation, net of shares forfeited	4,196					1			4,195
Restricted stock surrendered	(660)								(660)
Share purchased under dividend reinvestment plan	99								99
Warrants exercised	0					41			(41)
Shares repurchased under Stock Repurchase Program including excise tax	109								109
Cash dividends paid: Preferred stock	(9,947)									(9,947)
Cash dividends paid: Common stock	(19,355)								(19,355)
Ending Period Balance at Jun. 30, 2026	$ 3,410,146			$ 498,516		$ 1,580	$ 5	$ 0	$ 3,485,560	$ (431,305)	$ (144,210)
Preferred stock outstanding, beginning balance (in shares) at Mar. 31, 2026				513,250
Common stock, outstanding, beginning balance (in shares) at Mar. 31, 2026						153,784,724	477,321	0
Stockholders' Equity Disclosure [Rollforward]
Restricted stock awarded and earned stock compensation, net of shares forfeited (in shares)						105,265
Restricted stock surrendered (in shares)						(34,634)
Shares purchased under Dividend Reinvestment Plan (in shares)						4,912
Warrants exercised (in shares)						4,094,932
Preferred stock outstanding, ending balance (in shares) at Jun. 30, 2026				513,250
Common stock, issued, ending balance (in shares) at Jun. 30, 2026			477,321			157,955,199	477,321	0
Common stock, issued, ending balance (in shares) at Jun. 30, 2026			477,321

Leases - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Leases [Abstract]
Operating lease, impairment loss	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Statement [Line Items]
Securities available for sale, amortized cost	$ 4,696,251	$ 2,646,414
Allowance for credit loss	3,250	775
Securities held to maturity, fair value	0	2,246,526
ACL on HTM securities	0	695
Borrowings at fair value	$ 110,363	$ 113,634
Common Stock
Statement [Line Items]
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, issued (in shares)	157,955,199	150,039,018
Common stock, outstanding (in shares)	157,950,529	149,963,520
Class B non-voting
Statement [Line Items]
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, issued (in shares)	477,321	477,321
Common stock, outstanding (in shares)	477,321	477,321
Non-Voting Common Stock Equivalents
Statement [Line Items]
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, issued (in shares)	0	5,017,064
Common stock, outstanding (in shares)	0	5,017,064

Investment Securities (Tables)

6 Months Ended

Jun. 30, 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:


	June 30, 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	$	928,717	$	—	$	928,717	$	—	$	(140,077)	$	788,640
U.S. Treasury securities	223,509		—		223,509		65		(99)		223,475
Agency commercial MBS	151,059		—		151,059		—		(1,487)		149,572
Agency residential CMOs	2,625,289		—		2,625,289		1,891		(27,968)		2,599,212

Corporate debt securities	254,753		(3,250)		251,503		802		(14,441)		237,864
Private label residential CMOs	289,337		—		289,337		46		(27,355)		262,028
Collateralized loan obligations	200,307		—		200,307		213		(20)		200,500
Private label commercial MBS	7,946		—		7,946		—		(435)		7,511
Asset-backed securities	12,114		—		12,114		67		—		12,181
SBA securities	3,220		—		3,220		—		(182)		3,038
Total (1)	$	4,696,251	$	(3,250)	$	4,693,001	$	3,084	$	(212,064)	$	4,484,021

_________________________

(1) Excludes accrued interest receivable of $19.4 million at June 30, 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.

Schedule of Realized Gain (Loss)

The following table presents the amortized cost of AFS securities sold with related gross realized gains, gross realized losses, and net realized (losses) gains for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(In thousands)
Amortized cost of securities sold	$	2,294,702	$	—	$	2,294,702	$	—

Gross realized gains	$	1,893	$	—	$	1,893	$	—
Gross realized losses	(253,193)		—		(253,193)		—
Net loss on sale of securities	(251,300)		—		(251,300)		—

Schedule of 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:


	June 30, 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	$	—	$	—	$	788,640	$	(140,077)	$	788,640	$	(140,077)
U.S. Treasury securities	124,513		(99)		—		—		124,513		(99)
Agency commercial MBS	117,322		(794)		32,250		(693)		149,572		(1,487)
Agency residential CMOs	1,757,288		(12,802)		86,876		(15,166)		1,844,164		(27,968)

Corporate debt securities	35,659		(5,841)		173,652		(8,600)		209,311		(14,441)
Private label residential CMOs	99,584		(598)		121,078		(26,757)		220,662		(27,355)
Collateralized loan obligations	17,880		(20)		—		—		17,880		(20)
Private label commercial MBS	—		—		7,511		(435)		7,511		(435)

SBA securities	—		—		3,038		(182)		3,038		(182)
Total	$	2,152,246	$	(20,154)	$	1,213,045	$	(191,910)	$	3,365,291	$	(212,064)


	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)

Schedule of 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:


	June 30, 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	$	—	$	—	$	—	$	928,717	$	928,717
U.S. Treasury securities	—		223,509		—		—		223,509
Agency commercial MBS	—		40,179		—		110,880		151,059
Agency residential CMOs	—		—		13,028		2,612,261		2,625,289

Corporate debt securities	—		130,139		124,614		—		254,753
Private label residential CMOs	—		—		—		289,337		289,337
Collateralized loan obligations	—		—		93,763		106,544		200,307
Private label commercial MBS	—		—		4,870		3,076		7,946
Asset-backed securities	—		—		—		12,114		12,114
SBA securities	—		—		3,220		—		3,220
Total amortized cost	$	—	$	393,827	$	239,495	$	4,062,929	$	4,696,251
Fair Value:
Agency residential MBS	$	—	$	—	$	—	$	788,640	$	788,640
U.S. Treasury securities	—		223,475		—		—		223,475
Agency commercial MBS	—		40,031		—		109,541		149,572
Agency residential CMOs	—		—		13,207		2,586,005		2,599,212

Corporate debt securities	—		123,070		114,794		—		237,864
Private label residential CMOs	—		—		—		262,028		262,028
Collateralized loan obligations	—		—		93,775		106,725		200,500
Private label commercial MBS	—		—		4,573		2,938		7,511
Asset-backed securities	—		—		—		12,181		12,181
SBA securities	—		—		3,038		—		3,038
Total fair value	$	—	$	386,576	$	229,387	$	3,868,058	$	4,484,021

Schedule of Held-to-maturity Securities

The amortized cost, ACL, gross unrealized gains and losses, and fair values of HTM securities as of December 31, 2025 are as follows:


	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.

Schedule of Securities Held-to-Maturity by Credit Quality Indicator


	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

Schedule of Investment Income

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


	Three Months Ended June 30,				Six Months Ended June 30,

	2026		2025		2026		2025
	(In thousands)
Taxable interest	$	35,858	$	30,766	$	69,826	$	62,213
Non-taxable interest	3,527		4,547		7,890		9,064
Dividend income	3,022		2,303		6,564		4,201
Total interest income on investment securities	$	42,407	$	37,616	$	84,280	$	75,478

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: 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 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
-Subparagraph (a)
-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 5B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 5: 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 6: 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 7: 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 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 5
-Subparagraph (a)
-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 (aaa)
-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 (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
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-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-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 5
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
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-Name Accounting Standards Codification
-Section 50
-Paragraph 5
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
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-Name Accounting Standards Codification
-Section 50
-Paragraph 5
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-Publisher FASB
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Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
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Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
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Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 18: 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

+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 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

Commitments and Contingencies

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

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


	June 30, 2026		December 31, 2025
	(In thousands)
Loan commitments to extend credit	$	5,211,632	$	5,433,357
Standby letters of credit	291,747		244,895
Total	$	5,503,379	$	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 $32.9 million at June 30, 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, affordable housing investments, and in CRA-related loan pools. As of June 30, 2026 and December 31, 2025, such commitments totaled $116.5 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.

Organization and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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," which 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 is 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 June 30, 2026 and six months ended June 30, 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.
Consolidation	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.
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 Option	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.

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References

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
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
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-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
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-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

Reference 5: http://www.xbrl.org/2003/role/exampleRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482861/275-10-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482861/275-10-50-4

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-1

+ Details

Revenue From Contracts With Customers - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2026	Jun. 30, 2026
Revenue from Contract with Customer [Abstract]
Receivables, which are included in "Other assets"	$ 2,147	$ 1,491
Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$ 279	$ 244

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2026

Mar. 31, 2026

Jun. 30, 2025

Jun. 30, 2026

Jun. 30, 2025

Statement of Comprehensive Income [Abstract]

Net (loss) earnings

$ (241,347)

$ 71,952

$ 28,385

$ (169,395)

$ 81,953

Other comprehensive income, net of tax:

Unrealized net holding (losses) gains on securities AFS arising during the period

(138,285)

(9,215)

8,247

(147,500)

46,717

Income tax benefit (expense) related to unrealized net holding gains (losses) arising during the period

73,387

2,553

(2,351)

75,940

(13,303)

Unrealized net holding (losses) gains on securities AFS, net of tax

(64,898)

(6,662)

5,896

(71,560)

33,414

Reclassification adjustment for net losses included in net earnings

256,749

Income tax benefit related to reclassification adjustment

(71,120)

Reclassification adjustment for net losses included in net earnings, net of tax

185,629

Amortization of unrealized net loss on securities transferred from AFS to HTM

^[1]

6,133

8,576

8,344

14,709

16,686

Income tax expense related to amortization of unrealized net loss on securities transferred from AFS to HTM

(1,597)

(2,376)

(2,353)

(3,973)

(4,731)

Amortization of unrealized net loss on securities transferred from AFS to HTM, net of tax

4,536

6,200

5,991

10,736

11,955

Change in fair value of credit-linked notes

(106)

(111)

(517)

(217)

(371)

Income tax benefit related to change in fair value of credit-linked notes

180

138

Change in fair value of credit-linked notes, net of tax

(77)

(80)

(337)

(157)

(233)

Unrealized (loss) gain on cash flow hedges arising during the period

(2,027)

2,584

(1,952)

557

(4,925)

Income tax benefit (expense) related to unrealized gain on cash flow hedges arising during the period

562

(716)

505

(154)

1,352

Unrealized (loss) gain on cash flow hedges, net of tax

(1,465)

1,868

(1,447)

403

(3,573)

Other comprehensive income, net of tax

123,725

1,326

10,103

125,051

41,563

Comprehensive (loss) income

$ (117,622)

$ 73,278

$ 38,488

$ (44,344)

$ 123,516

[1]

As part of a strategic balance sheet actions completed during the three and six months ended June 30, 2026, the Company transferred all HTM securities, including those originally reclassified into the HTM portfolio, to the AFS portfolio at fair value. The previously combined net unrealized losses in AOCI attributable to these securities were recognized as part of the transfer and subsequent sale of the securities. See "Note 3. Investment Securities" for further detail on the securities portfolio.

Derivatives - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, not designated	$ 2,320,045	$ 1,576,128
Fair value, asset	13,125	7,561
Fair value, liability	8,023	8,221
Interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, designated	680,000	300,000
Fair value, asset	572	0
Fair value, liability	3,617	4,043
Interest rate collars
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, designated	1,000,000	1,000,000
Fair value, asset	10	0
Fair value, liability	0	22
Interest rate caps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, designated	380,000	0
Fair value, asset	4,671	0
Fair value, liability	0	0
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, not designated	135,560	150,652
Fair value, asset	4,063	4,124
Fair value, liability	4,022	4,079
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, not designated	111,161	111,390
Fair value, asset	483	0
Fair value, liability	384	77
Equity warrant assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, not designated	13,324	14,086
Fair value, asset	3,326	3,437
Fair value, liability	$ 0	$ 0

Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	$ 4,484,021	$ 2,454,058
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	223,475
Agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	149,572	50,966
Agency residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	2,599,212	871,624
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	237,864	241,596
Private label residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	262,028	228,975
Collateralized loan obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	200,500	200,822
Private label commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	7,511	9,279
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	12,181	13,249
SBA securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	3,038	3,462
Recurring \| Credit-linked notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit-linked notes	110,363	113,634
Recurring \| Securities AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	4,484,021
Recurring \| Agency residential MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	788,640	834,085
Recurring \| U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	223,475
Recurring \| Agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	149,572	50,966
Recurring \| Agency residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	2,599,212	871,624
Recurring \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	237,864	241,596
Recurring \| Private label residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	262,028	228,975
Recurring \| Collateralized loan obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	200,500	200,822
Recurring \| Private label commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	7,511	9,279
Recurring \| Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	12,181	13,249
Recurring \| SBA securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	3,038	3,462
Recurring \| Cash flow hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	5,253
Recurring \| Cash flow hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	3,617	4,065
Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments with readily determinable fair values		2
Recurring \| Level 1 \| Credit-linked notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit-linked notes	0	0
Recurring \| Level 1 \| Agency residential MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 1 \| U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	223,475
Recurring \| Level 1 \| Agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 1 \| Agency residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 1 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 1 \| Private label residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 1 \| Collateralized loan obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 1 \| Private label commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 1 \| Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 1 \| SBA securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 1 \| Cash flow hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0
Recurring \| Level 1 \| Equity warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		0
Recurring \| Level 1 \| Cash flow hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	0	0
Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments with readily determinable fair values		0
Recurring \| Level 2 \| Credit-linked notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit-linked notes	0	0
Recurring \| Level 2 \| Agency residential MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	788,640	834,085
Recurring \| Level 2 \| U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0
Recurring \| Level 2 \| Agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	149,572	50,966
Recurring \| Level 2 \| Agency residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	2,599,212	871,624
Recurring \| Level 2 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	230,964	239,226
Recurring \| Level 2 \| Private label residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	262,028	228,975
Recurring \| Level 2 \| Collateralized loan obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	200,500	200,822
Recurring \| Level 2 \| Private label commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	7,511	9,279
Recurring \| Level 2 \| Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	12,181	13,249
Recurring \| Level 2 \| SBA securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	3,038	3,462
Recurring \| Level 2 \| Cash flow hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	5,253
Recurring \| Level 2 \| Interest rate and foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		4,124
Recurring \| Level 2 \| Equity warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		0
Recurring \| Level 2 \| Cash flow hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	3,617	4,065
Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments with readily determinable fair values		0
Recurring \| Level 3 \| Credit-linked notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit-linked notes	110,363	113,634
Recurring \| Level 3 \| Agency residential MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 3 \| U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0
Recurring \| Level 3 \| Agency commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 3 \| Agency residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 3 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	6,900	2,370
Recurring \| Level 3 \| Private label residential CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 3 \| Collateralized loan obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 3 \| Private label commercial MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 3 \| Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 3 \| SBA securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total securities AFS	0	0
Recurring \| Level 3 \| Cash flow hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0
Recurring \| Level 3 \| Equity warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets		3,437
Recurring \| Level 3 \| Cash flow hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	$ 0	$ 0

Borrowings and Subordinated Debt (Tables)

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Schedule of Debt

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


	June 30, 2026				December 31, 2025
			Weighted				Weighted

Borrowing Type	Balance		Average Rate		Balance		Average Rate
	(Dollars in thousands)
FHLB secured advances	$	2,350,000	3.88	%	$	1,710,185	3.90	%
Other short-term borrowings	—		—	%	240,000		3.69	%
Credit-linked notes	110,363		14.40	%	113,634		14.63	%
Total borrowings, net	$	2,460,363	4.36	%	$	2,063,819	4.47	%

Schedule of Federal Home Loan Bank, Advances

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


	June 30, 2026
					Maturity
FHLB Secured Advances	Balance		Rate		Date
	(Dollars in thousands)

Term advance	$	100,000	3.94	%	07/27/2026
Term advance	150,000		3.95	%	07/30/2026
Term advance	100,000		3.93	%	07/30/2026
Term advance	225,000		4.01	%	08/03/2026
Term advance	225,000		4.01	%	08/10/2026
Term advance	200,000		3.91	%	10/30/2026
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	$	2,350,000	3.88	%

___________________

(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:


	June 30, 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)	$	—	—	%	$	381,737	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		7.03	%	10,310		7.07	%	08/15/2003	09/17/2033	3-month Term SOFR + 3.10
Trust VI	10,310		6.98	%	10,310		7.03	%	09/03/2003	09/15/2033	3-month Term SOFR + 3.05
Trust CII	5,155		6.88	%	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		5.62	%	20,619		5.67	%	08/15/2005	09/15/2035	3-month Term SOFR + 1.69
Trust FCCI	16,495		5.53	%	16,495		5.58	%	01/25/2007	03/15/2037	3-month Term SOFR + 1.60
Trust FCBI	10,310		5.48	%	10,310		5.53	%	09/30/2005	12/15/2035	3-month Term SOFR + 1.55
Trust CS 2005-1	82,475		5.88	%	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)	29,440		4.20	%	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		7.41	%	7,217		7.35	%	09/16/2002	09/26/2032	3-month Term SOFR + 3.40
PMB Capital Trust III	10,310		5.94	%	10,310		6.15	%	10/04/2004	10/08/2034	3-month Term SOFR + 2.00
Total subordinated debt	633,755		6.45	%	1,016,327		5.35	%
Acquisition discount (6)	(60,200)				(63,587)
Total subordinated debt, net	$	573,555			$	952,740

___________________

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

(2) Net of unamortized issuance costs of $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.

Leases - Schedule of Payments to be Received on Operating Leases (Details) $ in Thousands	Jun. 30, 2026 USD ($)
Period ending December 31,
2026	$ 14,838
2027	27,745
2028	26,826
2029	24,894
2030	18,242
Thereafter	27,729
Total undiscounted cash flows	$ 140,274

Loans and Leases Held for Investment - Schedule of Payment Status of Loan Modifications (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Financing Receivable, Past Due [Line Items]
Total	$ 315,929	$ 304,602
Current
Financing Receivable, Past Due [Line Items]
Total	314,454	302,102
30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	1,475	0
90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	2,500
Real estate mortgage \| Commercial
Financing Receivable, Past Due [Line Items]
Total	131,127	117,025
Real estate mortgage \| Commercial \| Current
Financing Receivable, Past Due [Line Items]
Total	131,127	117,025
Real estate mortgage \| Commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Real estate mortgage \| Commercial \| 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Real estate mortgage \| Multi-family
Financing Receivable, Past Due [Line Items]
Total	105,270	67,157
Real estate mortgage \| Multi-family \| Current
Financing Receivable, Past Due [Line Items]
Total	105,270	67,157
Real estate mortgage \| Multi-family \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Real estate mortgage \| Multi-family \| 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Real estate mortgage \| Other residential
Financing Receivable, Past Due [Line Items]
Total	1,475	4,134
Real estate mortgage \| Other residential \| Current
Financing Receivable, Past Due [Line Items]
Total	0	1,634
Real estate mortgage \| Other residential \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	1,475	0
Real estate mortgage \| Other residential \| 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	2,500
Commercial \| Asset-based
Financing Receivable, Past Due [Line Items]
Total	29,075	25,334
Commercial \| Asset-based \| Current
Financing Receivable, Past Due [Line Items]
Total	29,075	25,334
Commercial \| Asset-based \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Commercial \| Asset-based \| 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Commercial \| Venture capital
Financing Receivable, Past Due [Line Items]
Total	46,074	13,121
Commercial \| Venture capital \| Current
Financing Receivable, Past Due [Line Items]
Total	46,074	13,121
Commercial \| Venture capital \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Commercial \| Venture capital \| 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Commercial \| Other commercial
Financing Receivable, Past Due [Line Items]
Total	2,670	5,376
Commercial \| Other commercial \| Current
Financing Receivable, Past Due [Line Items]
Total	2,670	5,376
Commercial \| Other commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Commercial \| Other commercial \| 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Consumer
Financing Receivable, Past Due [Line Items]
Total	238	7
Consumer \| Current
Financing Receivable, Past Due [Line Items]
Total	238	7
Consumer \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	0	0
Consumer \| 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total	$ 0	0
Real estate construction and land \| Commercial
Financing Receivable, Past Due [Line Items]
Total		69,324
Real estate construction and land \| Commercial \| Current
Financing Receivable, Past Due [Line Items]
Total		69,324
Real estate construction and land \| Commercial \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total		0
Real estate construction and land \| Commercial \| 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total		0
Real estate construction and land \| Residential
Financing Receivable, Past Due [Line Items]
Total		3,124
Real estate construction and land \| Residential \| Current
Financing Receivable, Past Due [Line Items]
Total		3,124
Real estate construction and land \| Residential \| 30 TO 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total		0
Real estate construction and land \| Residential \| 90 or More Days Past Due
Financing Receivable, Past Due [Line Items]
Total		$ 0

Leases - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Leases [Abstract]
Operating cash flows from operating leases	$ 15,889	$ 16,273
Operating leases	$ 7,253	$ 18,671

Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Activity for Level 3 Assets Measured at Fair Value on a Recurring Basis (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2026 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfer from Level 2	$ 4,500
Fair value transfers of assets measured on a recurring basis	0
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Unrealized net loss for the period included in other comprehensive income for securities held at quarter-end	30
Equity Warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, December 31, 2025	3,437
Total included in earnings	1,834
Total included in other comprehensive income	0
Issuances	204
Principal payments	0
Transfer from Level 2	0
Exercises and settlements	(591)
Transfers to Level 1 (equity investments with readily determinable fair values)	(1,558)
Ending balance	3,326
Credit-linked notes
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, December 31, 2025	113,634
Total included in earnings	(206)
Total included in other comprehensive income	217
Issuances	0
Principal payments	(3,282)
Transfer from Level 2	0
Exercises and settlements	0
Transfers to Level 1 (equity investments with readily determinable fair values)	0
Ending balance	110,363
Corporate debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, December 31, 2025	2,370
Total included in earnings	0
Total included in other comprehensive income	30
Issuances	0
Principal payments	0
Transfer from Level 2	4,500
Exercises and settlements	0
Fair value transfers of assets measured on a recurring basis	0
Balance, June 30, 2026	$ 6,900

Segment Reporting - Schedule of Segment Reporting, Reconciliation of Asset by Segment to Consolidated (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Segment Reporting [Line Items]
Segment total assets	$ 35,030,953	$ 34,797,442
Segment
Segment Reporting [Line Items]
Segment total assets	$ 35,030,953	$ 34,797,442

- Definition

Amount of asset recognized for present right to economic benefit.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A

Reference 10: 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 11: 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
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
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-Section S99
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 16: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 18: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
-Section 55
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-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 19: http://www.xbrl.org/2003/role/exampleRef
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-SubTopic 10
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 20: http://www.xbrl.org/2003/role/exampleRef
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+ Details

- Definition

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.

+ References

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+ Details

Stockholders' Equity (Details) $ / shares in Units, $ in Millions		3 Months Ended			6 Months Ended
	Jul. 25, 2023 $ / shares shares	Jun. 30, 2026 USD ($) $ / shares shares	Mar. 31, 2026 shares	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($) day $ / shares shares	Jun. 30, 2025 USD ($)	Dec. 31, 2025 shares	Apr. 23, 2025 USD ($)	Mar. 17, 2025 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock amortization \| $		$ 4.0		$ 6.2	$ 9.9	$ 11.4
Unrecognized share based compensation expense \| $		$ 54.9			$ 54.9
Preferred stock, authorized (shares)		50,000,000			50,000,000		50,000,000
Term of warrants		7 years			7 years
Exercise price of warrants (usd per share) \| $ / shares		$ 24.60			$ 24.60
Equity warrants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Threshold trading days \| day					20
Consecutive trading days \| day					30
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period					4 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period					3 years
Stock Repurchase Plan - March 17, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized, amount \| $									$ 150.0
Stock Repurchase Plan - April 23, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized, amount \| $								$ 300.0
Stock Repurchase Plan - March 23, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchased (usd per share) \| $ / shares					$ 18.68
Stock repurchased under Share Repurchase Program (in shares)					1,709,935
Stock repurchased during period \| $					$ 31.9
Remaining authorized amount \| $		$ 82.6			$ 82.6
Centerbridge Investor
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants issue price (usd per share) \| $ / shares	$ 15.375
NVCE Non-voting Share Class
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants outstanding (in shares)		3,647,661			3,647,661
NVCE Non-voting Share Class \| Warburg Investors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, issued (in shares)	15,853,659
Warrants exercised (in shares)					14,634,146
NVCE Non-voting Share Class \| Centerbridge Investor
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, issued (in shares)	3,048,780
Warrants exercised (in shares)					620,631
Class B non-voting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, authorized (in shares)		3,136,156			3,136,156		3,136,156
Common stock, outstanding (in shares)		477,321			477,321		477,321
Shares repurchased (in shares)					1,000,000
Common stock, issued (in shares)		477,321			477,321		477,321
Non-Voting Common Stock Equivalents
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Voting common stock conversion ratio					1
Common stock, authorized (in shares)		27,000,000			27,000,000		27,000,000
Common stock, outstanding (in shares)		0			0		5,017,064
Shares repurchased (in shares)			1,000,000
Stock repurchased (usd per share) \| $ / shares					$ 20.00
Common stock, issued (in shares)		0			0		5,017,064
Series F Preferred Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Depository share ratio		0.025			0.025
Preferred stock dividend rate					7.75%
Preferred stock, authorized (shares)		513,250			513,250		513,250
Preferred stock outstanding (in shares)		513,250			513,250		513,250
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, authorized (in shares)		446,863,844			446,863,844		446,863,844
Common stock, outstanding (in shares)		157,950,529			157,950,529		149,963,520
Common stock, issued (in shares)		157,955,199			157,955,199		150,039,018
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested restricted shares (shares)		2,364,356			2,364,356
Second Amended and Restated 2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (shares)		12,917,882			12,917,882
Number of shares available for grant (shares)		4,567,203			4,567,203
Second Amended and Restated 2018 Plan \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested restricted shares (shares)		2,853,214			2,853,214
PacWest 2017 Stock Incentive Plan \| Time-Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested restricted shares (shares)		4,670			4,670

Revenue From Contracts With Customers

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue


	Three Months Ended June 30,
	2026				2025
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	414,596	$	—	$	420,509	$	—
Noninterest Income:
Service charges on deposit accounts	4,763		4,763		4,456		4,456
Commissions and fees	9,034		7,143		9,641		4,594
Leased equipment income	7,820		—		10,231		—
(Loss) gain on loans and leases HFS	(12,544)		—		21		—
Loss on securities AFS	(256,749)		—		—		—
Dividends and gains (losses) on equity investments	3,326		—		(114)		—
Warrant income	896		—		1,227		—

Other income	9,358		—		7,171		259
Total noninterest (loss) income	(234,096)		11,906		32,633		9,309
Total Revenue	$	180,500	$	11,906	$	453,142	$	9,309

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


	Three Months Ended June 30,
	2026		2025
	(In thousands)
Products and services transferred at a point in time	$	6,285	$	3,698
Products and services transferred over time	5,621		5,611
Total revenue from contracts with customers	$	11,906	$	9,309


	Six Months Ended June 30,
	2026				2025
	Total		Revenue from		Total		Revenue from
	Recorded		Contracts with		Recorded		Contracts with
	Revenue		Customers		Revenue		Customers
	(In thousands)
Total Interest Income	$	822,038	$	—	$	827,164	$	—
Noninterest Income:
Service charges on deposit accounts	9,741		9,741		8,999		8,999
Commissions and fees	20,014		16,018		19,599		9,997
Leased equipment income	16,350		—		21,015		—
(Loss) gain on loans and leases HFS	(12,534)		—		232		—
Loss on securities AFS	(256,749)		—		—		—
Dividends and gains on equity investments	5,328		—		2,209		—
Warrant income	1,834		—		932		—

Other income	17,248		1		13,297		505
Total noninterest (loss) income	(198,768)		25,760		66,283		19,501
Total Revenue	$	623,270	$	25,760	$	893,447	$	19,501

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


	Six Months Ended
	June 30,
	2026		2025
	(In thousands)
Products and services transferred at a point in time	$	14,266	$	8,251
Products and services transferred over time	11,494		11,250
Total revenue from contracts with customers	$	25,760	$	19,501

Contract Balances

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


	June 30, 2026		December 31, 2025
	(In thousands)
Receivables, which are included in "Other assets"	$	1,491	$	2,147

Contract liabilities, which are included in "Accrued interest payable and other liabilities"	$	244	$	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 six months ended June 30, 2026 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $35,000.

- Definition

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.

+ References

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

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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-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

+ Details

Fair Value Measurements and Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Certain Financial Instruments (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Carrying Amount \| Cash and due from banks
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	$ 225,343	$ 181,103
Carrying Amount \| Interest-earning deposits in financial institutions
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	2,592,712	2,126,862
Carrying Amount \| Securities AFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	4,484,021	2,454,058
Carrying Amount \| Securities HTM
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:		2,308,636
Carrying Amount \| Investment in FRB and FHLB stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	181,352	160,442
Carrying Amount \| Loans HFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	915,171	182,936
Carrying Amount \| Loans and leases HFI, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	23,967,527	24,787,067
Carrying Amount \| Equity investments with readily determinable fair values
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	2,159	2
Carrying Amount \| Equity warrants
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	3,326	3,437
Carrying Amount \| Cash flow hedges
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	5,253
Financial Liabilities:	3,617	4,065
Carrying Amount \| Interest rate and foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	4,546	4,124
Carrying Amount \| Servicing rights
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	190	17,480
Carrying Amount \| Demand, checking, money market, and savings deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	23,468,565	23,156,094
Carrying Amount \| Time deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	4,652,617	4,687,263
Carrying Amount \| Borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	2,460,363	2,063,819
Carrying Amount \| Subordinated debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	573,555	952,740
Carrying Amount \| Interest rate and foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	4,406	4,156
Estimate of Fair Value Measurement \| Cash and due from banks
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	225,343	181,103
Estimate of Fair Value Measurement \| Interest-earning deposits in financial institutions
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	2,592,712	2,126,862
Estimate of Fair Value Measurement \| Securities AFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	4,484,021	2,454,058
Estimate of Fair Value Measurement \| Securities HTM
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:		2,246,526
Estimate of Fair Value Measurement \| Investment in FRB and FHLB stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	181,352	160,442
Estimate of Fair Value Measurement \| Loans HFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	915,324	183,083
Estimate of Fair Value Measurement \| Loans and leases HFI, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	22,955,046	23,871,794
Estimate of Fair Value Measurement \| Equity investments with readily determinable fair values
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	2,159	2
Estimate of Fair Value Measurement \| Equity warrants
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	3,326	3,437
Estimate of Fair Value Measurement \| Cash flow hedges
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	5,253
Financial Liabilities:	3,617	4,065
Estimate of Fair Value Measurement \| Interest rate and foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	4,546	4,124
Estimate of Fair Value Measurement \| Servicing rights
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	190	19,427
Estimate of Fair Value Measurement \| Demand, checking, money market, and savings deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	23,468,565	23,156,094
Estimate of Fair Value Measurement \| Time deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	4,638,194	4,684,099
Estimate of Fair Value Measurement \| Borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	2,459,613	2,069,076
Estimate of Fair Value Measurement \| Subordinated debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	575,837	934,819
Estimate of Fair Value Measurement \| Interest rate and foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	4,406	4,156
Level 1 \| Estimate of Fair Value Measurement \| Cash and due from banks
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	225,343	181,103
Level 1 \| Estimate of Fair Value Measurement \| Interest-earning deposits in financial institutions
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	2,592,712	2,126,862
Level 1 \| Estimate of Fair Value Measurement \| Securities AFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	223,475	0
Level 1 \| Estimate of Fair Value Measurement \| Securities HTM
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:		185,088
Level 1 \| Estimate of Fair Value Measurement \| Investment in FRB and FHLB stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 1 \| Estimate of Fair Value Measurement \| Loans HFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 1 \| Estimate of Fair Value Measurement \| Loans and leases HFI, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 1 \| Estimate of Fair Value Measurement \| Equity investments with readily determinable fair values
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	2,159	2
Level 1 \| Estimate of Fair Value Measurement \| Equity warrants
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 1 \| Estimate of Fair Value Measurement \| Cash flow hedges
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0
Financial Liabilities:	0	0
Level 1 \| Estimate of Fair Value Measurement \| Interest rate and foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 1 \| Estimate of Fair Value Measurement \| Servicing rights
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 1 \| Estimate of Fair Value Measurement \| Demand, checking, money market, and savings deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	0	0
Level 1 \| Estimate of Fair Value Measurement \| Time deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	0	0
Level 1 \| Estimate of Fair Value Measurement \| Borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	0	275,185
Level 1 \| Estimate of Fair Value Measurement \| Subordinated debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	0	0
Level 1 \| Estimate of Fair Value Measurement \| Interest rate and foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	0	0
Level 2 \| Estimate of Fair Value Measurement \| Cash and due from banks
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 2 \| Estimate of Fair Value Measurement \| Interest-earning deposits in financial institutions
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 2 \| Estimate of Fair Value Measurement \| Securities AFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	4,253,646	2,451,688
Level 2 \| Estimate of Fair Value Measurement \| Securities HTM
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:		2,057,189
Level 2 \| Estimate of Fair Value Measurement \| Investment in FRB and FHLB stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	181,352	160,442
Level 2 \| Estimate of Fair Value Measurement \| Loans HFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	915,324	183,083
Level 2 \| Estimate of Fair Value Measurement \| Loans and leases HFI, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	20,168	48,401
Level 2 \| Estimate of Fair Value Measurement \| Equity investments with readily determinable fair values
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 2 \| Estimate of Fair Value Measurement \| Equity warrants
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 2 \| Estimate of Fair Value Measurement \| Cash flow hedges
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	5,253
Financial Liabilities:	3,617	4,065
Level 2 \| Estimate of Fair Value Measurement \| Interest rate and foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	4,546	4,124
Level 2 \| Estimate of Fair Value Measurement \| Servicing rights
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 2 \| Estimate of Fair Value Measurement \| Demand, checking, money market, and savings deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	23,468,565	23,156,094
Level 2 \| Estimate of Fair Value Measurement \| Time deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	4,638,194	4,684,099
Level 2 \| Estimate of Fair Value Measurement \| Borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	2,349,250	1,680,257
Level 2 \| Estimate of Fair Value Measurement \| Subordinated debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	575,837	934,819
Level 2 \| Estimate of Fair Value Measurement \| Interest rate and foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	4,406	4,156
Level 3 \| Estimate of Fair Value Measurement \| Cash and due from banks
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 3 \| Estimate of Fair Value Measurement \| Interest-earning deposits in financial institutions
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 3 \| Estimate of Fair Value Measurement \| Securities AFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	6,900	2,370
Level 3 \| Estimate of Fair Value Measurement \| Securities HTM
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:		4,249
Level 3 \| Estimate of Fair Value Measurement \| Investment in FRB and FHLB stock
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 3 \| Estimate of Fair Value Measurement \| Loans HFS
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 3 \| Estimate of Fair Value Measurement \| Loans and leases HFI, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	22,934,878	23,823,393
Level 3 \| Estimate of Fair Value Measurement \| Equity investments with readily determinable fair values
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 3 \| Estimate of Fair Value Measurement \| Equity warrants
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	3,326	3,437
Level 3 \| Estimate of Fair Value Measurement \| Cash flow hedges
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0
Financial Liabilities:	0	0
Level 3 \| Estimate of Fair Value Measurement \| Interest rate and foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	0	0
Level 3 \| Estimate of Fair Value Measurement \| Servicing rights
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Assets:	190	19,427
Level 3 \| Estimate of Fair Value Measurement \| Demand, checking, money market, and savings deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	0	0
Level 3 \| Estimate of Fair Value Measurement \| Time deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	0	0
Level 3 \| Estimate of Fair Value Measurement \| Borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	110,363	113,634
Level 3 \| Estimate of Fair Value Measurement \| Subordinated debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	0	0
Level 3 \| Estimate of Fair Value Measurement \| Interest rate and foreign exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial Liabilities:	$ 0	$ 0