XML 14 R3.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Interest income:      
Loans and leases $ 385,465 $ 346,308 $ 430,685
Investment securities 34,303 41,280 44,237
Deposits in financial institutions 58,936 79,652 42,866
Total interest income 478,704 467,240 517,788
Interest expense:      
Deposits 194,807 207,760 155,892
Borrowings 38,124 92,474 69,122
Subordinated debt 16,671 15,955 13,502
Total interest expense 249,602 316,189 238,516
Net interest income 229,102 151,051 279,272
Provision for credit losses 10,000 47,000 3,000
Net interest income after provision for credit losses 219,102 104,051 276,272
Noninterest income:      
Leased equipment income 11,716 12,369 13,857
Other commissions and fees 8,142 8,860 10,344
Service charges on deposit accounts 4,705 4,562 3,573
(Loss) gain on sale of loans and leases (448) (3,526) 2,962
Loss on sale of securities 0 (442,413) 0
Dividends and gains on equity investments 3,068 8,138 1,098
Warrant income (loss) 178 (173) (333)
LOCOM HFS adjustment 330 3,175 0
Other income 6,125 8,606 4,890
Total noninterest income (loss) 33,816 (400,402) 36,391
Noninterest expense:      
Compensation 92,236 89,354 88,476
Insurance and assessments 20,461 60,016 11,717
Customer related expense 30,919 45,826 24,005
Occupancy 17,968 15,925 15,067
Information technology and data processing 15,418 13,099 12,979
Leased equipment depreciation 7,520 7,447 9,375
Other professional services 5,075 2,980 6,073
Loan expense 4,491 4,446 6,524
Intangible asset amortization 8,404 4,230 2,411
Acquisition, integration and reorganization costs 0 111,800 8,514
Goodwill impairment 0 0 1,376,736
Other expense 8,026 8,515 11,126
Total noninterest expense 210,518 363,638 1,573,003
Earnings (loss) before income taxes 42,400 (659,989) (1,260,340)
Income tax expense (benefit) (11,548) 177,034 64,916
Net earnings (loss) 30,852 (482,955) (1,195,424)
Preferred stock dividends 9,947 9,947 9,947
Net earnings (loss) available to common and equivalent stockholders, basic 20,905 (492,902) (1,205,371)
Net earnings (loss) available to common and equivalent stockholders, diluted $ 20,905 $ (492,902) $ (1,205,371)
Earnings (loss) per share:      
Basic (usd per share) $ 0.12 $ (4.55) $ (15.56)
Diluted (usd per share) $ 0.12 $ (4.55) $ (15.56)