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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans, including fees $ 315,935 $ 233,857 $ 795,164 $ 694,017
Securities:        
Taxable 18,204 8,986 41,977 25,073
Tax-exempt 21,408 15,873 58,752 47,917
Federal funds sold and other 16,217 2,152 26,864 5,014
Total interest income 371,764 260,868 922,757 772,021
Interest expense:        
Deposits 55,189 12,139 83,620 43,468
Securities sold under agreements to repurchase 182 57 320 185
Federal Home Loan Bank advances and other borrowings 10,609 11,129 28,984 34,730
Total interest expense 65,980 23,325 112,924 78,383
Net interest income 305,784 237,543 809,833 693,638
Provision for credit losses 27,493 3,382 43,120 13,451
Net interest income after provision for credit losses 278,291 234,161 766,713 680,187
Noninterest income:        
Total noninterest income 104,805 104,095 333,803 295,011
Noninterest expense:        
Salaries and employee benefits 129,910 112,406 378,373 325,958
Equipment and occupancy 27,886 23,712 80,343 70,253
Other real estate (income) expense, net (90) (79) 101 (749)
Marketing and other business development 4,958 3,325 13,494 8,326
Postage and supplies 2,795 2,083 7,486 6,004
Amortization of intangibles 1,951 2,088 5,873 6,461
Other noninterest expense 31,843 25,316 92,282 73,434
Total noninterest expense 199,253 168,851 577,952 489,687
Income before income taxes 183,843 169,405 522,564 485,511
Income tax expense 35,185 32,828 99,669 91,716
Net income 148,658 136,577 422,895 393,795
Preferred stock dividends (3,798) (3,798) (11,394) (11,394)
Net income available to common shareholders $ 144,860 $ 132,779 $ 411,501 $ 382,401
Per share information:        
Basic net income per common share $ 1.91 $ 1.76 $ 5.43 $ 5.07
Diluted net income per common share $ 1.91 $ 1.75 $ 5.42 $ 5.05
Weighted average common shares outstanding:        
Basic 75,761,930 75,494,286 75,723,129 75,449,900
Diluted 75,979,056 75,836,142 75,945,469 75,760,618
Service charges on deposit accounts        
Noninterest income:        
Total noninterest income $ 10,906 $ 11,435 $ 33,552 $ 28,648
Investment services        
Noninterest income:        
Total noninterest income 10,780 9,648 34,676 26,836
Insurance sales commissions        
Noninterest income:        
Total noninterest income 2,928 2,557 9,518 8,188
Gain on mortgage loans sold, net        
Noninterest income:        
Total noninterest income 1,117 7,814 7,333 28,180
Investment gains on sales, net        
Noninterest income:        
Total noninterest income 217 0 156 366
Trust fees        
Noninterest income:        
Total noninterest income 5,706 5,049 17,744 14,798
Income from equity method investment        
Noninterest income:        
Total noninterest income 41,341 30,409 124,461 91,430
Other noninterest income        
Noninterest income:        
Total noninterest income $ 31,810 $ 37,183 $ 106,363 $ 96,565