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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Loans, including fees $ 197,163 $ 201,840
Investment securities    
Taxable 34,401 28,296
Tax-exempt 2,204 3,092
Total interest on investment securities 36,605 31,388
Other earning assets 6,651 7,458
Total interest income 240,419 240,686
Interest expense    
Deposits 78,641 76,075
Short-term borrowings 7,545 10,943
Long-term borrowings 4,937 4,928
Total interest expense 91,123 91,946
Net interest income 149,296 148,740
Provision for Credit Losses-loans and leases 9,141 13,419
Provision for credit losses-unfunded commitments (441) (2,259)
Net interest income after provision for credit losses 140,596 137,580
Noninterest income    
Service Charges on Deposit Accounts 7,463 6,912
Wealth management fees 8,137 6,676
Bankcard income 3,310 3,142
Client derivative fees 1,571 1,250
Foreign exchange income 12,544 10,435
Operating Lease, Lease Income 18,703 14,589
Net gains from sales of loans 4,322 3,784
Net gain (loss) on investment securities (9,949) (5,187)
Other 4,982 4,911
Total noninterest income 51,083 46,512
Noninterest expenses    
Salaries and employee benefits 75,238 74,037
Net occupancy 6,019 5,923
Furniture and equipment 3,813 3,688
Data processing 8,759 8,305
Marketing 2,018 1,962
Communication 812 795
Professional services 2,739 2,268
State intangible tax 877 877
FDIC assessments 3,059 2,780
Intangible amortization 2,359 2,301
Amortization of operating leases 12,802 9,754
Other 9,469 9,634
Total noninterest expenses 128,076 122,355
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 63,603 61,737
Income tax expense (benefit) 12,310 11,048
Net income $ 51,293 $ 50,689
Earnings per common share    
Basic $ 0.54 $ 0.54
Diluted $ 0.54 $ 0.53
Average common shares outstanding - basic 94,645,787 94,218,067
Average common shares outstanding - diluted 95,524,262 95,183,998
Investment Program, Proportional Amortization Method, Elected, Equity Method Investment, Income (Loss) from Tax Credit Investment $ 112 $ 31