Total Revenue

+6% (from $405.21M in Q4 2023 to $430.16M in Q4 2024)

Total revenue growth reflects continued gains in both net interest income and non-interest income, following trends seen in prior periods where higher rates on loans and increased fee-based income (such as trust and real estate transaction fees) amplified overall revenues. " " These factors built on previous period improvements in asset utilization and pricing dynamics.

Net Income

+23%+ (from $111.461M in Q4 2023 to $137.244M in Q4 2024)

Net income improvement is driven by stronger operating performance, with enhanced net interest revenue and better expense management compared to Q4 2023. This builds on trends observed in earlier quarters where lower provisioning and cost controls contributed to improved bottom-line results. " "

Net Interest Income

+7.4% (from $248.421M in Q4 2023 to $266.647M in Q4 2024)

Net interest income increased primarily due to higher interest income on an expanding loan portfolio and favorable adjustments in the mix of funding costs, echoing Q3 2024 dynamics where improved loan rates and lower borrowings expenses drove similar gains. " " The incremental increase in average loan rates and volumes played a crucial role.

Provision for Credit Losses

~+130% (from $5.879M in Q4 2023 to $13.508M in Q4 2024)

The dramatic surge in credit loss provisions indicates a more conservative stance on credit risk amid an uncertain economic outlook, consistent with previous period adjustments where rising net loan charge-offs and forecasted recessionary pressures necessitated higher reserves. " " This reflects an intensified focus on managing potential credit deterioration.