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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 $ 336,428 $ 286,638 $ 642,656 $ 533,756
Securities 62,428 72,053 128,849 145,238
Federal funds sold and other earning assets 14,095 1,757 23,360 8,763
Total interest income 412,951 360,448 794,865 687,757
INTEREST EXPENSE:        
Deposits 106,124 63,964 198,816 111,307
Other borrowings 46,282 57,351 95,228 91,747
Securities sold under repurchase agreements 1,759 2,674 3,791 4,777
Total interest expense 154,165 123,989 297,835 207,831
NET INTEREST INCOME 258,786 236,459 497,030 479,926
PROVISION FOR CREDIT LOSSES 9,066 18,540 9,066 18,540
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 249,720 217,919 487,964 461,386
NONINTEREST INCOME:        
Nonsufficient funds (NSF) fees 8,153 8,512 16,441 16,607
Credit card, debit card and ATM card income 9,384 9,206 18,245 17,872
Service charges on deposit accounts 6,436 6,078 12,842 12,004
Trust income 3,601 3,358 7,757 6,583
Mortgage income 745 661 1,355 899
Brokerage income 1,186 1,000 2,421 2,149
Net (loss) gain on sale or write-down of assets (903) 1,994 (938) 2,115
Net gain on sale or write-up of securities 10,723   11,021  
Other 6,678 8,879 15,729 19,725
Total noninterest income 46,003 39,688 84,873 77,954
NONINTEREST EXPENSE:        
Salaries and employee benefits 89,584 84,723 175,355 162,521
Net occupancy and equipment 8,915 8,935 17,538 16,960
Credit and debit card, data processing and software amortization 11,998 10,344 22,973 19,910
Regulatory assessments and FDIC insurance 10,317 5,097 15,855 10,070
Core deposit intangibles amortization 4,156 3,167 7,393 5,541
Depreciation 4,836 4,658 9,522 9,091
Communications 3,485 3,693 6,887 7,155
Net other real estate income 100 (497) 149 (452)
Merger related expenses 4,381 12,891 4,381 13,751
Other 15,070 12,859 28,637 24,323
Total noninterest expense 152,842 145,870 288,690 268,870
INCOME BEFORE INCOME TAXES 142,881 111,737 284,147 270,470
PROVISION FOR INCOME TAXES 31,279 24,799 62,119 58,838
NET INCOME $ 111,602 $ 86,938 $ 222,028 $ 211,632
EARNINGS PER SHARE:        
Basic $ 1.17 $ 0.94 $ 2.34 $ 2.3
Diluted $ 1.17 $ 0.94 $ 2.34 $ 2.3