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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Loans including fees:        
Taxable $ 561,428 $ 474,387 $ 1,594,411 $ 1,334,658
Nontaxable 12,703 11,181 39,048 32,318
Investment securities:        
Taxable 83,567 66,924 241,349 191,797
Nontaxable 10,531 10,833 31,769 33,039
Money market and other interest-earning investments 11,696 13,194 32,992 25,258
Total interest income 679,925 576,519 1,939,569 1,617,070
Interest Expense        
Deposits 229,727 147,428 630,972 310,995
Federal funds purchased and interbank borrowings 292 910 3,239 11,404
Securities sold under agreements to repurchase 612 710 2,168 2,389
Federal Home Loan Bank advances 47,719 40,382 133,529 123,466
Other borrowings 9,851 12,003 33,058 30,071
Total interest expense 288,201 201,433 802,966 478,325
Net interest income 391,724 375,086 1,136,603 1,138,745
Provision for credit losses 28,497 19,068 83,602 47,292
Net interest income after provision for credit losses 363,227 356,018 1,053,001 1,091,453
Noninterest Income        
Wealth and investment services fees 29,117 26,687 86,779 80,128
Service charges on deposit accounts 20,350 18,524 57,598 53,278
Debit card and ATM fees 11,362 10,818 32,409 31,453
Mortgage banking revenue 7,669 5,063 19,211 12,628
Capital markets income 7,426 5,891 15,055 19,003
Company-owned life insurance 5,315 3,740 14,488 11,624
Debt securities gains (losses), net (76) (241) (90) (5,440)
Other income 12,975 10,456 33,481 30,574
Total noninterest income 94,138 80,938 258,931 233,248
Noninterest Expense        
Salaries and employee benefits 147,494 131,541 456,490 404,715
Occupancy 27,130 25,795 80,696 80,162
Equipment 9,888 8,284 27,263 23,394
Marketing 11,036 9,448 32,954 28,698
Technology 23,343 20,592 67,368 59,850
Communication 4,681 4,075 13,161 12,768
Professional fees 7,278 5,956 24,236 19,085
FDIC assessment 11,722 9,000 32,711 29,028
Amortization of intangibles 7,411 6,040 20,291 18,286
Amortization of tax credit investments 3,277 2,644 8,773 8,167
Other expense 19,023 21,401 53,656 57,918
Total noninterest expense 272,283 244,776 817,599 742,071
Income before income taxes 185,082 192,180 494,333 582,630
Income tax expense 41,280 44,304 109,018 133,118
Net income 143,802 147,876 385,315 449,512
Preferred dividends (4,034) (4,034) (12,101) (12,101)
Net income applicable to common shareholders $ 139,768 $ 143,842 $ 373,214 $ 437,411
Net income per common share - basic (in dollars per share) $ 0.44 $ 0.49 $ 1.21 $ 1.50
Net income per common share - diluted (in dollars per share) $ 0.44 $ 0.49 $ 1.21 $ 1.50
Weighted average number of common shares outstanding - basic (in shares) 315,622 290,648 307,426 290,763
Weighted average number of common shares outstanding - diluted (in shares) 317,331 291,717 308,605 291,809
Dividends per common share (in dollars per share) $ 0.14 $ 0.14 $ 0.42 $ 0.42