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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST INCOME    
Interest and fees on loans and leases $ 552,562 $ 575,044
Interest and dividends on investment securities:    
Taxable 68,688 75,017
Exempt from federal income tax 6,807 6,904
Dividends 2,792 3,707
Interest on temporary investments and interest-bearing deposits 16,394 23,553
Total interest income 647,243 684,225
INTEREST EXPENSE    
Interest on deposits 176,634 198,435
Interest on securities sold under agreement to repurchase and federal funds purchased 974 1,266
Interest on borrowings 36,074 51,275
Interest on junior and other subordinated debentures 8,566 9,887
Total interest expense 222,248 260,863
Net interest income 424,995 423,362
PROVISION FOR CREDIT LOSSES  27,403 17,136
Net interest income after provision for credit losses 397,592 406,226
NON-INTEREST INCOME    
Residential mortgage banking revenue, net 9,334 4,634
Gain on sale of debt securities, net 4 12
Gain (loss) on equity securities, net 1,702 (1,565)
Gain on loan and lease sales, net 97 221
Gain (loss) on certain loans held for investment, at fair value 7,016 (2,372)
Bank-owned life insurance income 4,883 4,639
Noninterest Income, Other Operating Income 6,282 11,077
Total non-interest income 66,377 50,357
NON-INTEREST EXPENSE    
Salaries and employee benefits 145,239 154,538
Occupancy and equipment, net 48,170 45,291
Communications 3,426 3,782
Marketing 3,397 1,936
Services 16,078 13,422
FDIC assessments 8,022 14,460
Intangible amortization 27,979 32,091
Merger and restructuring expense 14,379 4,478
Legal settlement 55,000 0
Other expenses 18,432 17,518
Total non-interest expense 340,122 287,516
Income before provision for income taxes 123,847 169,067
Provision for income taxes 37,238 44,987
Net income $ 86,609 $ 124,080
Earnings per common share:    
Basic (in dollars per share) $ 0.41 $ 0.60
Diluted (in dollars per share) $ 0.41 $ 0.59
Weighted average number of common shares outstanding:    
Basic (in shares) 208,800 208,260
Diluted (in shares) 210,023 208,956
Service charges on deposits    
NON-INTEREST INCOME    
Revenue from contract with customer $ 19,301 $ 16,064
Card-based Fees    
NON-INTEREST INCOME    
Revenue from contract with customer 12,571 13,183
Financial services and trust revenue    
NON-INTEREST INCOME    
Revenue from contract with customer $ 5,187 $ 4,464