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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 and leases, including fees $ 836,541 $ 743,770 $ 458,742
Investment securities      
Taxable 124,936 125,520 102,314
Tax-exempt 10,835 13,901 18,466
Total interest on investment securities 135,771 139,421 120,780
Other earning assets 29,783 19,813 5,484
Total interest income 1,002,095 903,004 585,006
Interest expense      
Deposits 331,092 202,010 28,140
Short-term borrowings 38,856 53,378 19,132
Long-term borrowings 20,137 19,846 18,591
Total interest expense 390,085 275,234 65,863
Net interest income 612,010 627,770 519,143
Provision for credit losses - loan and lease 49,211 43,074 6,731
Provision for Other Credit Losses (1,552) 33 4,982
Net interest income after provision for credit losses 564,351 584,663 507,430
Noninterest income      
Service charges on deposit accounts 29,279 27,289 28,062
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 28,720 26,081 23,506
Bankcard income 14,399 14,039 14,380
Client derivative fees 4,701 5,155 5,441
Foreign exchange income 56,064 54,051 54,965
Operating Lease, Lease Income 67,641 51,322 31,574
Net gains from sales of loans 17,918 13,217 15,048
Net gain (loss) on investment securities (22,575) (1,052) (1,208)
Other 27,421 22,320 17,873
Total noninterest income 223,568 212,422 189,641
Noninterest expenses      
Salaries and employee benefits 304,389 292,731 269,368
Net occupancy 23,050 22,990 22,208
Furniture and equipment 14,427 13,543 13,224
Data processing 35,178 35,852 33,662
Marketing 9,026 9,647 8,744
Communication 3,229 2,729 2,683
Professional services 14,087 9,926 9,734
Amortization of Tax Credit Investments 14,396 1,295 23,826
State intangible tax 2,524 3,914 4,285
FDIC assessments 11,209 11,948 7,194
Intangible assets amortization 9,487 10,402 11,185
Operating Lease, Expense 44,317 32,500 20,363
Other 34,276 31,012 28,873
Total noninterest expenses 519,595 478,489 455,349
Income before income taxes 268,324 318,596 241,722
Income tax expense 39,494 62,733 24,110
Net income $ 228,830 $ 255,863 $ 217,612
Earnings per common share      
Basic $ 2.42 $ 2.72 $ 2.33
Diluted $ 2.40 $ 2.69 $ 2.30
Average common shares outstanding - basic 94,404,617 93,938,772 93,528,712
Average common shares outstanding - diluted 95,405,719 95,096,067 94,586,851