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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Loans including fees:    
Taxable $ 410,375 $ 184,015
Nontaxable 10,212 3,507
Investment securities:    
Taxable 60,801 37,409
Nontaxable 11,163 10,266
Money market and other interest-earning investments 3,098 308
Total interest income 495,649 235,505
Interest Expense    
Deposits 62,593 3,194
Federal funds purchased and interbank borrowings 4,839 0
Securities sold under agreements to repurchase 779 96
Federal Home Loan Bank advances 37,996 5,963
Other borrowings 7,954 3,467
Total interest expense 114,161 12,720
Net interest income 381,488 222,785
Provision for credit losses 13,437 108,736
Net interest income after provision for credit losses 368,051 114,049
Noninterest Income    
Wealth management fees 18,760 14,630
Service charges on deposit accounts 17,003 14,026
Debit card and ATM fees 9,982 7,599
Mortgage banking revenue 3,400 7,245
Investment product fees 8,160 7,322
Capital markets income 6,939 4,442
Company-owned life insurance 3,186 3,524
Debt securities gains (losses), net (5,216) 342
Other income 8,467 6,110
Total noninterest income 70,681 65,240
Noninterest Expense    
Salaries and employee benefits 137,364 124,147
Occupancy 28,282 21,019
Equipment 7,389 5,168
Marketing 9,417 4,276
Technology 19,202 18,762
Communication 4,461 3,417
Professional fees 6,732 19,791
FDIC assessment 10,404 2,575
Amortization of intangibles 6,186 4,811
Amortization of tax credit investments 2,761 1,516
Property optimization 1,317 0
Other expense 17,196 10,107
Total noninterest expense 250,711 215,589
Income (loss) before income taxes 188,021 (36,300)
Income tax expense (benefit) 41,421 (8,714)
Net income (loss) 146,600 (27,586)
Preferred dividends (4,034) (2,017)
Net income (loss) applicable to common shareholders $ 142,566 $ (29,603)
Net income (loss) per common share - basic (in dollars per share) $ 0.49 $ (0.13)
Net income (loss) per common share - diluted (in dollars per share) $ 0.49 $ (0.13)
Weighted average number of common shares outstanding - basic (in shares) 291,088 227,002
Weighted average number of common shares outstanding - diluted (in shares) 292,756 227,002
Dividends per common share (in dollars per share) $ 0.14 $ 0.14