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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Loans including fees:    
Taxable $ 487,361 $ 410,375
Nontaxable 13,102 10,212
Investment securities:    
Taxable 75,027 60,801
Nontaxable 10,506 11,163
Money market and other interest-earning investments 9,985 3,098
Total interest income 595,981 495,649
Interest Expense    
Deposits 185,439 62,593
Federal funds purchased and interbank borrowings 961 4,839
Securities sold under agreements to repurchase 917 779
Federal Home Loan Bank advances 41,167 37,996
Other borrowings 11,039 7,954
Total interest expense 239,523 114,161
Net interest income 356,458 381,488
Provision for credit losses 18,891 13,437
Net interest income after provision for credit losses 337,567 368,051
Noninterest Income    
Wealth and investment services fees 28,304 26,920
Service charges on deposit accounts 17,898 17,003
Debit card and ATM fees 10,054 9,982
Mortgage banking revenue 4,478 3,400
Capital markets income 2,900 6,939
Company-owned life insurance 3,434 3,186
Debt securities gains (losses), net (16) (5,216)
Other income 10,470 8,467
Total noninterest income 77,522 70,681
Noninterest Expense    
Salaries and employee benefits 149,803 137,364
Occupancy 27,019 28,282
Equipment 8,671 7,389
Marketing 10,634 9,417
Technology 20,023 19,202
Communication 4,000 4,461
Professional fees 6,406 6,732
FDIC assessment 11,313 10,404
Amortization of intangibles 5,455 6,186
Amortization of tax credit investments 2,749 2,761
Other expense 16,244 18,513
Total noninterest expense 262,317 250,711
Income before income taxes 152,772 188,021
Income tax expense 32,488 41,421
Net income 120,284 146,600
Preferred dividends (4,034) (4,034)
Net income applicable to common shareholders $ 116,250 $ 142,566
Net income per common share - basic (in dollars per share) $ 0.40 $ 0.49
Net income per common share - diluted (in dollars per share) $ 0.40 $ 0.49
Weighted average number of common shares outstanding - basic (in shares) 290,980 291,088
Weighted average number of common shares outstanding - diluted (in shares) 292,207 292,756
Dividends per common share (in dollars per share) $ 0.14 $ 0.14