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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:      
Interest and fees on loans $ 545,767 $ 445,167 $ 335,075
Interest and dividends on taxable investments 85,734 82,368 95,371
Interest and dividends on nontaxable investments 12,027 13,853 13,283
Total interest income 643,528 541,388 443,729
Interest expense:      
Interest on deposits 159,520 85,337 15,044
Interest on borrowings 34,891 18,766 8,055
Total interest expense 194,411 104,103 23,099
Net interest income 449,117 437,285 420,630
Provision for credit losses 22,773 11,203 14,773
Net interest income after provision for credit losses 426,344 426,082 405,857
Noninterest revenues:      
Deposit service fees 66,611 63,062 66,850
Mortgage banking 4,421 595 390
Other banking services 7,512 6,315 4,644
Employee benefit services 130,981 117,961 115,408
Insurance services 50,249 47,094 39,810
Wealth management services 36,668 31,941 31,667
Loss on sales of investment securities (487) (52,329) 0
Gain on debt extinguishment 0 242 0
Unrealized gain (loss) on equity securities 1,231 (47) (44)
Total noninterest revenues 297,186 214,834 258,725
Noninterest expenses:      
Salaries and employee benefits 300,779 281,803 257,339
Data processing and communications 61,843 57,585 54,099
Occupancy and equipment 43,658 42,550 42,413
Business development and marketing 16,059 15,731 13,095
Legal and professional fees 15,323 15,921 14,018
Amortization of intangible assets 14,259 14,511 15,214
Litigation accrual 138 5,800 0
Acquisition expenses 213 63 5,021
Acquisition-related contingent consideration adjustment 244 3,280 (300)
Restructuring expenses 0 1,163 0
Other expenses 34,309 34,278 23,369
Total noninterest expenses 486,825 472,685 424,268
Income before income taxes 236,705 168,231 240,314
Income taxes 54,224 36,307 52,233
Net income $ 182,481 $ 131,924 $ 188,081
Basic earnings per share $ 3.44 $ 2.45 $ 3.48
Diluted earnings per share $ 3.44 $ 2.45 $ 3.46