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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Loans including fees:        
Taxable $ 331,271 $ 124,488 $ 800,535 $ 370,594
Nontaxable 6,461 3,119 14,770 9,647
Investment securities:        
Taxable 56,765 24,773 145,633 73,305
Nontaxable 11,086 9,469 32,370 27,862
Money market and other interest-earning investments 935 177 3,073 313
Total interest income 406,518 162,026 996,381 481,721
Interest Expense        
Deposits 10,820 2,578 19,201 8,469
Federal funds purchased and interbank borrowings 720 0 722 0
Securities sold under agreements to repurchase 106 90 287 305
Federal Home Loan Bank advances 13,027 5,326 25,915 15,953
Other borrowings 5,256 2,460 13,410 7,375
Total interest expense 29,929 10,454 59,535 32,102
Net interest income 376,589 151,572 936,846 449,619
Provision for credit losses 11,287 (4,613) 118,101 (26,898)
Net interest income after provision for credit losses 365,302 156,185 818,745 476,517
Noninterest Income        
Wealth management fees 17,317 10,134 51,251 30,576
Service charges on deposit accounts 20,042 8,123 54,392 23,270
Debit card and ATM fees 10,608 5,745 29,429 17,962
Mortgage banking revenue 5,360 10,870 19,127 35,222
Investment product fees 8,042 6,475 23,932 18,381
Capital markets income 8,906 6,017 20,609 15,603
Company-owned life insurance 3,361 2,355 11,456 7,852
Debt securities gains (losses), net (172) 1,207 85 3,892
Other income 6,921 3,589 24,461 9,977
Total noninterest income 80,385 54,515 234,742 162,735
Noninterest Expense        
Salaries and employee benefits 147,203 71,005 433,167 211,762
Occupancy 26,418 12,757 73,933 41,683
Equipment 7,328 3,756 20,046 12,231
Marketing 10,361 3,267 23,756 7,961
Data processing 20,269 11,508 64,914 35,558
Communication 5,392 2,372 14,687 7,661
Professional fees 6,559 3,416 32,686 14,668
FDIC assessment 6,249 1,628 13,523 4,461
Amortization of intangibles 7,089 2,779 19,070 8,763
Amortization of tax credit investments 2,662 1,736 5,703 4,751
Other expense 27,117 7,050 69,313 19,133
Total noninterest expense 266,647 121,274 770,798 368,632
Income before income taxes 179,040 89,426 282,689 270,620
Income tax expense 38,887 17,680 55,137 49,270
Net income 140,153 71,746 227,552 221,350
Preferred dividends (4,034) 0 (10,084) 0
Net income applicable to common shareholders $ 136,119 $ 71,746 $ 217,468 $ 221,350
Net income per common share - basic (in dollars per share) $ 0.47 $ 0.43 $ 0.81 $ 1.34
Net income per common share - diluted (in dollars per share) $ 0.47 $ 0.43 $ 0.80 $ 1.33
Weighted average number of common shares outstanding - basic (in shares) 290,961 165,258 269,843 165,144
Weighted average number of common shares outstanding - diluted (in shares) 292,483 165,939 271,123 165,862
Dividends per common share (in dollars per share) $ 0.14 $ 0.14 $ 0.42 $ 0.42