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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Loans, including fees $ 570,489 $ 508,963 $ 1,663,347 $ 1,419,761
Securities:        
Taxable 65,776 36,525 161,824 97,850
Tax-exempt 23,860 24,185 72,832 72,590
Federal funds sold and other 34,740 57,621 115,735 118,371
Total interest income 694,865 627,294 2,013,738 1,708,572
Interest expense:        
Deposits 310,527 280,305 915,944 685,562
Securities sold under agreements to repurchase 1,495 1,071 4,210 2,449
Federal Home Loan Bank advances and other borrowings 31,339 28,676 91,784 75,695
Total interest expense 343,361 310,052 1,011,938 763,706
Net interest income 351,504 317,242 1,001,800 944,866
Provision for credit losses 26,281 26,826 90,937 77,282
Net interest income after provision for credit losses 325,223 290,416 910,863 867,584
Noninterest income:        
Total noninterest income 115,242 90,797 259,633 354,165
Noninterest expense:        
Salaries and employee benefits 160,234 130,344 456,361 398,495
Equipment and occupancy 42,564 36,900 123,246 100,959
Other real estate expense, net 56 33 162 190
Marketing and other business development 5,599 5,479 18,500 17,085
Postage and supplies 2,965 2,621 8,871 8,303
Amortization of intangibles 1,558 1,765 4,710 5,339
Other noninterest expense 46,343 36,091 161,223 106,230
Total noninterest expense 259,319 213,233 773,073 636,601
Income before income taxes 181,146 167,980 397,423 585,148
Income tax expense 34,455 35,377 73,626 117,975
Net income 146,691 132,603 323,797 467,173
Preferred stock dividends (3,798) (3,798) (11,394) (11,394)
Net income available to common shareholders $ 142,893 $ 128,805 $ 312,403 $ 455,779
Per share information:        
Basic net income per common share $ 1.87 $ 1.69 $ 4.09 $ 6.00
Diluted net income per common share $ 1.86 $ 1.69 $ 4.08 $ 5.99
Weighted average common shares outstanding:        
Basic 76,520,599 76,044,182 76,435,370 75,998,965
Diluted 76,765,586 76,201,916 76,606,329 76,102,622
Service charges on deposit accounts        
Noninterest income:        
Total noninterest income $ 16,217 $ 12,665 $ 44,219 $ 36,563
Investment services        
Noninterest income:        
Total noninterest income 17,868 13,253 48,339 39,022
Insurance sales commissions        
Noninterest income:        
Total noninterest income 3,286 2,882 10,853 10,598
Gain on mortgage loans sold, net        
Noninterest income:        
Total noninterest income 2,643 2,012 8,792 5,632
Investment losses on sales, net        
Noninterest income:        
Total noninterest income 0 (9,727) (72,103) (19,688)
Trust fees        
Noninterest income:        
Total noninterest income 8,383 6,640 24,121 19,696
Income from equity method investment        
Noninterest income:        
Total noninterest income 16,379 24,967 51,102 70,970
Gain on sale of fixed assets        
Noninterest income:        
Total noninterest income 1,837 87 2,220 85,946
Other noninterest income        
Noninterest income:        
Total noninterest income $ 48,629 $ 38,018 $ 142,090 $ 105,426