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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest Income        
Loans, including fees $ 346,603 $ 352,697 $ 691,391 $ 663,913
Investment securities 47,961 32,079 93,700 57,201
Other interest income 8,197 15,730 17,361 19,058
Total Interest Income 402,761 400,506 802,452 740,172
Interest Expense        
Deposits 129,194 131,087 260,085 234,661
Federal funds purchased 12 492 12 2,881
FHLB advances 7,929 9,799 15,950 20,748
Senior debt and subordinated debt 5,047 5,299 8,624 10,604
Other borrowings and interest-bearing liabilities 5,658 12,109 11,674 22,621
Total Interest Expense 147,840 158,786 296,345 291,515
Net Interest Income 254,921 241,720 506,107 448,657
Provision for credit losses 8,607 32,056 22,505 42,981
Net Interest Income After Provision for Credit Losses 246,314 209,664 483,602 405,676
Non-Interest Income        
Non-interest income before investment securities gains 69,148 113,276 136,382 170,415
Gain on acquisition, net of tax 0 47,392 0 47,392
Investment securities (losses) gains, net 0 (20,282) (2) (20,282)
Total Non-Interest Income 69,148 92,994 136,380 150,133
Non-Interest Expense        
Salaries and employee benefits 107,123 110,630 210,649 206,111
Data processing and software 18,262 20,357 36,861 38,018
Net occupancy 16,410 17,793 34,617 33,943
Other outside services 12,009 16,933 23,846 30,216
Intangible amortization 5,460 4,688 11,729 5,261
FDIC insurance 4,951 6,696 10,549 12,800
Equipment 4,100 4,561 8,249 8,602
Marketing 2,604 2,101 5,124 4,012
Professional fees 2,163 2,571 1,085 4,659
Acquisition-related expenses 0 13,803 380 13,803
Other 19,729 (645) 39,181 19,662
Total Non-Interest Expense 192,811 199,488 382,270 377,087
Income Before Income Taxes 122,651 103,170 237,712 178,722
Income taxes 23,453 8,195 45,527 21,806
Net Income 99,198 94,975 192,185 156,916
Preferred stock dividends (2,562) (2,562) (5,124) (5,124)
Net Income Available to Common Shareholders $ 96,636 $ 92,413 $ 187,061 $ 151,792
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.53 $ 0.53 $ 1.03 $ 0.90
Net Income (Diluted) (in dollars per share) 0.53 0.52 1.02 0.89
Cash Dividends (in dollars per share) $ 0.18 $ 0.17 $ 0.36 $ 0.34
Wealth management        
Non-Interest Income        
Non-interest income before investment securities gains $ 22,281 $ 20,990 $ 44,066 $ 41,144
Commercial banking        
Non-Interest Income        
Non-interest income before investment securities gains 23,431 21,410 44,760 40,238
Consumer banking        
Non-Interest Income        
Non-interest income before investment securities gains 14,528 14,600 27,596 26,268
Mortgage banking        
Non-Interest Income        
Non-interest income before investment securities gains 3,991 3,951 7,130 7,041
Other        
Non-Interest Income        
Non-interest income before investment securities gains $ 4,917 $ 4,933 $ 12,830 $ 8,332