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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Loans $ 2,331,654 $ 1,876,166 $ 1,747,827
Money market investments 366,625 118,080 21,147
Investment securities 547,028 471,665 353,663
Total interest income 3,245,307 2,465,911 2,122,637
Interest expense:      
Deposits 1,050,024 252,845 111,621
Short-term borrowings 7,329 5,737 319
Long-term debt 56,430 39,970 53,107
Total interest expense 1,113,783 298,552 165,047
Net interest income 2,131,524 2,167,359 1,957,590
Provision for credit losses (benefit) 208,609 83,030 (193,464)
Net interest income after provision for credit losses (benefit) 1,922,915 2,084,329 2,151,054
Mortgage banking activities 21,497 42,450 50,133
Net gain on sale of debt securities 0 0 23
Net gains (losses), including impairment, on equity securities 3,482 (7,334) 131
Net profit (loss) on trading account debt securities 1,382 (784) (389)
Net loss on sale of loans, including valuation adjustments on loans held-for-sale (115) 0 (73)
Adjustments to indemnity reserves on loans sold 2,319 919 4,406
Other operating income 100,243 370,592 113,951
Total non-interest income 650,724 897,062 642,128
Operating expenses:      
Personnel costs 778,045 719,764 631,802
Net occupancy expenses 111,586 106,169 102,226
Equipment expenses 37,057 35,626 32,919
Other taxes 55,926 63,603 56,783
Professional fees 161,142 172,043 126,721
Technology and software expenses 290,615 291,902 277,979
Processing and transactional services 138,070 127,145 121,367
Communications 16,664 14,885 14,029
Business promotion 94,926 88,918 72,981
FDIC deposit insurance 105,985 26,787 25,579
Other real estate owned (OREO) income (15,375) (22,143) (14,414)
Other operating expenses 97,279 109,446 92,169
Amortization of intangibles 3,180 3,275 9,134
Goodwill impairment losses 23,000 9,000 0
Total operating expenses 1,898,100 1,746,420 1,549,275
Income before income tax 675,539 1,234,971 1,243,907
Income tax expense 134,197 132,330 309,018
Net Income 541,342 1,102,641 934,889
Net Income Applicable to Common Stock $ 539,930 $ 1,101,229 $ 933,477
Net Income per Common Share - Basic $ 7.53 $ 14.65 $ 11.49
Net Income per Common Share - Diluted $ 7.52 $ 14.63 $ 11.46
Service charges on deposit accounts      
Interest expense:      
Revenue from contract with customer $ 147,476 $ 157,210 $ 162,698
Other service fees      
Interest expense:      
Revenue from contract with customer $ 374,440 $ 334,009 $ 311,248