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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Loans, including fees $ 681,280 $ 620,048 $ 402,177
Investment securities:      
Taxable 153,486 132,151 74,988
Tax-exempt 6,146 6,259 2,541
Other interest income 25,070 41,704 46,075
Total interest income 865,982 800,162 525,781
Interest expense:      
Savings deposits 81,912 60,337 12,686
Time deposits 96,968 53,158 11,157
Securities sold under repurchase agreements 22,340 14,760 2,495
Other borrowings 281 283 6,781
Junior subordinated deferrable interest debentures 7,762 8,123 5,037
Total interest expense 209,263 136,661 38,156
Net interest income 656,719 663,501 487,625
Credit loss expense 31,802 34,576 21,651
Net interest income after provision for credit losses 624,917 628,925 465,974
Non-interest income:      
Investment securities transactions, net (1) (3)  
Other investments income, net 13,133 9,601 17,538
Other income 21,042 18,941 32,994
Total non-interest income 176,922 169,941 187,134
Non-interest expense:      
Employee compensation and benefits 145,944 134,441 127,722
Occupancy 27,012 25,832 25,654
Depreciation of bank premises and equipment 22,524 21,944 21,821
Professional fees 15,726 14,000 11,292
Deposit insurance assessments 6,865 6,285 6,987
Net operations, other real estate owned 1,298 (3,983) 122
Advertising 6,289 5,010 4,588
Software and software maintenance 21,093 20,046 15,271
Other 46,368 51,779 57,012
Total non-interest expense 293,119 275,354 270,469
Income before income taxes 508,720 523,512 382,639
Provision for income taxes 99,553 111,744 82,407
Net income $ 409,167 $ 411,768 $ 300,232
Basic earnings per common share:      
Weighted average number of shares outstanding (in shares) 62,180,448 62,082,827 62,658,414
Net income per common share (in dollars per share) $ 6.58 $ 6.63 $ 4.79
Fully diluted earnings per common share:      
Weighted average number of shares outstanding (in shares) 62,298,278 62,221,601 62,810,234
Net income per common share (in dollars per share) $ 6.57 $ 6.62 $ 4.78
Service charges on deposit accounts      
Non-interest income:      
Service charges on deposit accounts $ 73,714 $ 73,933 $ 72,781
Other service charges, commissions and fees, Banking      
Non-interest income:      
Service charges on deposit accounts 58,682 57,923 55,253
Other service charges, commissions and fees, Non-banking      
Non-interest income:      
Service charges on deposit accounts $ 10,352 $ 9,546 $ 8,568