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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Loans including fees:      
Taxable $ 1,815,390 $ 1,177,816 $ 490,042
Nontaxable 44,687 25,931 12,392
Investment securities:      
Taxable 263,210 204,004 98,031
Nontaxable 43,851 43,637 37,595
Money market and other interest-earning investments 39,683 2,814 589
Total interest income 2,206,821 1,454,202 638,649
Interest Expense      
Deposits 484,360 49,093 10,954
Federal funds purchased and interbank borrowings 11,412 5,021 0
Securities sold under agreements to repurchase 3,299 843 397
Federal Home Loan Bank advances 161,860 51,524 21,075
Other borrowings 42,737 19,785 9,823
Total interest expense 703,668 126,266 42,249
Net interest income 1,503,153 1,327,936 596,400
Provision (release) for credit losses 58,887 144,799 (29,622)
Net interest income after provision (release) for credit losses 1,444,266 1,183,137 626,022
Noninterest Income      
Wealth and investment services fees 107,784 100,851 65,048
Service charges on deposit accounts 71,945 72,501 31,658
Debit card and ATM fees 42,153 40,227 23,766
Mortgage banking revenue 16,319 23,015 42,558
Capital markets income 24,419 25,986 21,997
Company-owned life insurance 15,397 14,564 10,589
Debt securities gains (losses), net (6,265) (88) 4,327
Gain on sale of Visa Class B restricted shares 21,635 0 0
Gain on sale of health savings accounts 0 90,673 0
Other income 39,955 32,050 14,276
Total noninterest income 333,342 399,779 214,219
Noninterest Expense      
Salaries and employee benefits 546,364 575,626 284,098
Occupancy 106,676 100,421 54,834
Equipment 32,163 27,637 16,704
Marketing 39,511 32,264 12,684
Technology 80,343 84,865 47,047
Communication 16,980 18,846 10,073
Professional fees 27,335 39,046 20,077
FDIC assessment 56,730 19,332 6,059
Amortization of intangibles 24,155 25,857 11,336
Amortization of tax credit investments 15,367 10,961 6,770
Property optimization 1,559 26,818 0
Other expense 79,123 76,510 31,697
Total noninterest expense 1,026,306 1,038,183 501,379
Income before income taxes 751,302 544,733 338,862
Income tax expense 169,310 116,446 61,324
Net income 581,992 428,287 277,538
Preferred dividends (16,135) (14,118) 0
Net income applicable to common shareholders $ 565,857 $ 414,169 $ 277,538
Net income per common share - basic (in dollars per share) $ 1.95 $ 1.51 $ 1.68
Net income per common share - diluted (in dollars per share) $ 1.94 $ 1.50 $ 1.67
Weighted average number of common shares outstanding - basic (in shares) 290,748 275,179 165,178
Weighted average number of common shares outstanding - diluted (in shares) 291,855 276,688 165,929
Dividends per common share (in dollars per share) $ 0.56 $ 0.56 $ 0.56