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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Loans, including fees $ 551,659 $ 478,896 $ 1,092,858 $ 910,798
Securities:        
Taxable 51,578 31,967 96,048 61,325
Tax-exempt 24,372 24,603 48,972 48,405
Federal funds sold and other 40,781 39,773 80,995 60,750
Total interest income 668,390 575,239 1,318,873 1,081,278
Interest expense:        
Deposits 304,449 228,668 605,417 405,257
Securities sold under agreements to repurchase 1,316 783 2,715 1,378
Federal Home Loan Bank advances and other borrowings 30,363 30,395 60,445 47,019
Total interest expense 336,128 259,846 668,577 453,654
Net interest income 332,262 315,393 650,296 627,624
Provision for credit losses 30,159 31,689 64,656 50,456
Net interest income after provision for credit losses 302,103 283,704 585,640 577,168
Noninterest income:        
Total noninterest income 34,288 173,839 144,391 263,368
Noninterest expense:        
Salaries and employee benefits 150,117 132,443 296,127 268,151
Equipment and occupancy 41,036 33,706 80,682 64,059
Other real estate expense, net 22 58 106 157
Marketing and other business development 6,776 5,664 12,901 11,606
Postage and supplies 3,135 2,863 5,906 5,682
Amortization of intangibles 1,568 1,780 3,152 3,574
Other noninterest expense 68,735 35,127 114,880 70,139
Total noninterest expense 271,389 211,641 513,754 423,368
Income before income taxes 65,002 245,902 216,277 417,168
Income tax expense 11,840 48,603 39,171 82,598
Net income 53,162 197,299 177,106 334,570
Preferred stock dividends (3,798) (3,798) (7,596) (7,596)
Net income available to common shareholders $ 49,364 $ 193,501 $ 169,510 $ 326,974
Per share information:        
Basic net income per common share $ 0.65 $ 2.55 $ 2.22 $ 4.30
Diluted net income per common share $ 0.64 $ 2.54 $ 2.21 $ 4.30
Weighted average common shares outstanding:        
Basic 76,506,121 76,030,081 76,392,287 75,975,982
Diluted 76,644,227 76,090,321 76,531,419 76,061,883
Service charges on deposit accounts        
Noninterest income:        
Total noninterest income $ 14,563 $ 12,180 $ 28,002 $ 23,898
Investment services        
Noninterest income:        
Total noninterest income 15,720 14,174 30,471 25,769
Insurance sales commissions        
Noninterest income:        
Total noninterest income 3,715 3,252 7,567 7,716
Gain on mortgage loans sold, net        
Noninterest income:        
Total noninterest income 3,270 1,567 6,149 3,620
Investment losses on sales, net        
Noninterest income:        
Total noninterest income (72,103) (9,961) (72,103) (9,961)
Trust fees        
Noninterest income:        
Total noninterest income 8,323 6,627 15,738 13,056
Income from equity method investment        
Noninterest income:        
Total noninterest income 18,688 26,924 34,723 46,003
Gain on sale of fixed assets        
Noninterest income:        
Total noninterest income 325 85,724 383 85,859
Other noninterest income        
Noninterest income:        
Total noninterest income $ 41,787 $ 33,352 $ 93,461 $ 67,408