Year Ended December 31,

(Dollars in thousands)

2024

2023

2022

Net Income (GAAP)

Interest income

$

2,141,362

$

1,944,406

$

1,397,025

Interest expense

725,908

491,798

61,354

Net interest income (a)

1,415,454

1,452,608

1,335,671

Provision for credit losses

15,975

114,082

81,855

Net interest income after provision for credit losses

1,399,479

1,338,526

1,253,816

Total noninterest income

302,262

286,906

309,247

Total noninterest expense

Employee salaries

423,769

404,327

376,945

Employee commissions

46,176

53,175

70,776

Employee incentives

97,951

90,369

101,641

Other salaries and benefits

100,166

89,520

93,573

Deferred loan costs

(61,193)

(53,993)

(88,231)

Salaries and employee benefits

606,869

583,398

554,704

Occupancy expense

90,103

88,695

89,501

Information services expense

92,193

84,472

79,701

Professional fees

16,404

18,547

15,331

Amortization of intangibles

22,395

27,558

33,205

Business development and staff related

23,782

25,055

19,015

FDIC assessment and regulatory charges

31,152

33,070

23,033

Merger, branch consolidation, severance related and other expense

20,133

13,162

30,888

FDIC special assessment

3,852

25,691

—

Other operating expense

94,610

94,932

84,323

Total noninterest expense

1,001,493

994,580

929,701

Income before income tax provision

700,248

630,852

633,362

Income tax provision

165,465

136,544

137,313

Net income (GAAP)

$

534,783

$

494,308

$

496,049

Net Interest Margin, Non-Tax Equivalent ("Non-TE") (GAAP)

Average interest earning assets (b)

$

41,299,577

$

40,098,398

$

39,881,909

Net interest margin, non-TE ((a)/(b)) (GAAP)

3.43%

3.62%

3.35%