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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income    
Loans, including fees $ 260,651 $ 149,737
Investment securities 25,521 22,353
Other interest income 3,648 911
Total Interest Income 289,820 173,001
Interest Expense    
Deposits 41,620 5,605
Federal funds purchased 6,035 0
Federal Home Loan Bank advances 15,473 0
Senior debt and subordinated debt 5,344 5,958
Other borrowings and interest-bearing liabilities 5,761 128
Total Interest Expense 74,233 11,691
Net Interest Income 215,587 161,310
Provision for credit losses 24,544 (6,950)
Interest Income (Expense), after Provision for Loan Loss, Total 191,043 168,260
Non-Interest Income    
Non-interest income before investment securities gains 51,730 55,237
Net Securities Gain Loss 23 19
Total Non-Interest Income 51,753 55,256
Non-Interest Expense    
Salaries and employee benefits 89,283 84,464
Data processing and software 15,796 14,315
Net occupancy 14,438 14,522
Other outside services 10,126 8,167
State taxes 3,479 3,037
Equipment 3,389 3,423
FDIC insurance 4,795 3,209
Professional fees 2,392 1,792
Marketing 1,886 1,320
Intangible amortization 674 176
Merger-related expenses 0 401
Other 13,358 11,152
Total Non-Interest Expense 159,616 145,978
Income Before Income Taxes 83,180 77,538
Income taxes 14,866 13,250
Net Income 68,314 64,288
Preferred stock dividends (2,562) (2,562)
Net Income Available to Common Shareholders $ 65,752 $ 61,726
PER SHARE:    
Net Income (Basic) (in dollars per share) $ 0.39 $ 0.38
Net Income (Diluted) (in dollars per share) 0.39 0.38
Cash Dividends (in dollars per share) $ 0.15 $ 0.15
Commercial banking    
Non-Interest Income    
Non-interest income before investment securities gains $ 17,513 $ 16,008
Consumer banking    
Non-Interest Income    
Non-interest income before investment securities gains 11,217 11,674
Wealth management    
Non-Interest Income    
Non-interest income before investment securities gains 18,062 19,428
Mortgage banking    
Non-Interest Income    
Non-interest income before investment securities gains 1,970 4,576
Other    
Non-Interest Income    
Non-interest income before investment securities gains $ 2,968 $ 3,551