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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INTEREST INCOME        
Interest and fees on loans and leases $ 583,874 $ 552,679 $ 1,158,918 $ 966,204
Interest and dividends on investment securities:        
Taxable 78,828 79,036 153,845 118,765
Exempt from federal income tax 6,904 6,817 13,808 10,214
Dividends 2,895 2,581 6,602 3,300
Interest on temporary investments and interest-bearing deposits 23,035 34,616 46,588 53,197
Total interest income 695,536 675,729 1,379,761 1,151,680
INTEREST EXPENSE        
Interest on deposits 207,307 100,408 405,742 164,021
Interest on securities sold under agreement to repurchase and federal funds purchased 1,515 1,071 2,781 1,477
Interest on borrowings 49,418 81,004 100,693 109,768
Interest on junior and other subordinated debentures 9,847 9,271 19,734 17,741
Total interest expense 268,087 191,754 528,950 293,007
Net interest income 427,449 483,975 850,811 858,673
PROVISION FOR CREDIT LOSSES  31,820 16,014 48,956 121,553
Net interest income after provision for credit losses 395,629 467,961 801,855 737,120
NON-INTEREST INCOME        
Residential mortgage banking revenue (loss), net 5,848 (2,342) 10,482 5,474
(Loss) gain on sale of debt securities, net (1) 0 11 0
Gain (loss) on equity securities, net 325 (697) (1,240) 1,719
(Loss) gain on loan and lease sales, net (1,516) 442 (1,295) 1,382
Bank-owned life insurance income 4,705 4,063 9,344 6,853
Noninterest Income, Other Operating Income (3,238) 3,811 5,467 17,414
Total non-interest income 44,703 39,678 95,060 94,413
NON-INTEREST EXPENSE        
Salaries and employee benefits 145,066 163,398 299,604 299,490
Occupancy and equipment, net 45,147 50,550 90,438 92,250
Communications 3,408 4,357 7,190 7,383
Marketing 2,305 1,937 4,241 2,996
Services 14,600 14,094 28,022 26,937
FDIC assessments 9,664 11,579 24,124 17,692
Intangible amortization 29,230 35,553 61,321 48,213
Business Combination, Acquisition Related Costs 14,641 29,649 19,119 145,547
Other expenses 15,183 17,442 32,701 30,869
Total non-interest expense 279,244 328,559 566,760 671,377
Income before provision for income taxes 161,088 179,080 330,155 160,156
Provision for income taxes 40,944 45,703 85,931 40,817
Net income $ 120,144 $ 133,377 $ 244,224 $ 119,339
Earnings per common share:        
Basic (in dollars per share) $ 0.58 $ 0.64 $ 1.17 $ 0.65
Diluted (in dollars per share) $ 0.57 $ 0.64 $ 1.17 $ 0.65
Weighted average number of common shares outstanding:        
Basic (in shares) 208,498 207,977 208,379 182,325
Diluted (in shares) 209,011 208,545 208,999 182,860
Service charges on deposits        
NON-INTEREST INCOME        
Revenue from contract with customer $ 18,503 $ 16,454 $ 34,567 $ 30,766
Card-based Fees        
NON-INTEREST INCOME        
Revenue from contract with customer 14,681 13,435 27,864 24,996
Financial services and trust revenue        
NON-INTEREST INCOME        
Revenue from contract with customer $ 5,396 $ 4,512 $ 9,860 $ 5,809