2025-10-14 13:00Financial Performance - The company reported net income of $234 million, or an adjusted net income of $576 million, excluding $44 million in pre-tax merger-related provision and integration expenses[7] - Net revenue was reported as $64 million, with adjusted net revenue reaching $81 million[7] - The company's net interest margin (NIM) expanded to 395%[7] - The efficiency ratio was 632%, but adjusted to 533% after accounting for merger-related adjustments[7] - Return on average assets (ROAA) was 058%, increasing to 143% after adjustments[7] - Return on average tangible common equity (ROATCE) was 582%, adjusted to 147%[7] Merger and Acquisition - The merger with Southern States Bancshares Inc (SSBK) was completed, with systems converted in 3Q, adding $162 billion in assets, $123 billion in loans, and $138 billion in deposits[7] - Deal synergies are ahead of schedule, with 100% expected beginning January 1, 2026[7] Asset Quality and Capital - The allowance for credit losses (ACL) coverage ratio was 150%[7] - Annualized net charge-offs were 005%[7] - Tangible Common Equity to Tangible Assets was 101%[7] - The Common Equity Tier 1 (CET 1) Ratio was 117% and the Total Risk-Based Capital was 135% (preliminary)[7]