XML 47 R33.htm IDEA: XBRL DOCUMENT
v3.22.4

Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
--- | ---
Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) The following table presents selected quarterly data for the years ended December 31, 2022 and 2021.
| 2022
(amounts in thousands, except per share data) | December 31 |  | September 30 |  | June 30 |  | March 31
Quarter Ended |
Interest income | $ | 269,647 |  |  | $ | 235,916 |  |  | $ | 196,334 |  |  | $ | 183,476 |
Interest expense | 134,510 |  |  | 76,884 |  |  | 31,482 |  |  | 18,777 |
Net interest income | 135,137 |  |  | 159,032 |  |  | 164,852 |  |  | 164,699 |
Provision (benefit) for credit losses | 28,216 |  |  | (7,994) |  |  | 23,847 |  |  | 15,997 |
Non-interest income | 7,345 |  |  | (9,017) |  |  | 12,746 |  |  | 21,198 |
Non-interest expenses | 78,419 |  |  | 76,198 |  |  | 76,205 |  |  | 73,807 |
Income before income taxes | 35,847 |  |  | 81,811 |  |  | 77,546 |  |  | 96,093 |
Provision for income taxes | 7,136 |  |  | 17,899 |  |  | 18,896 |  |  | 19,332 |
Net income | 28,711 |  |  | 63,912 |  |  | 58,650 |  |  | 76,761 |
Preferred stock dividends | 3,088 |  |  | 2,548 |  |  | 2,131 |  |  | 1,865 |
Net income available to common shareholders | $ | 25,623 |  |  | $ | 61,364 |  |  | $ | 56,519 |  |  | $ | 74,896 |
Earnings per common share: |  |  |  |  |  |  |
Basic earnings from continuing operations per common share | $ | 0.79 |  |  | $ | 1.89 |  |  | $ | 1.73 |  |  | $ | 2.27 |
Basic earnings per common share | $ | 0.79 |  |  | $ | 1.89 |  |  | $ | 1.73 |  |  | $ | 2.27 |
Diluted earnings from continuing operations per common share | $ | 0.77 |  |  | $ | 1.85 |  |  | $ | 1.68 |  |  | $ | 2.18 |
Diluted earnings per common share | $ | 0.77 |  |  | $ | 1.85 |  |  | $ | 1.68 |  |  | $ | 2.18 |
| 2021
(amounts in thousands, except per share data) | December 31 |  | September 30 |  | June 30 |  | March 31
Quarter Ended |
Interest income | $ | 214,037 |  |  | $ | 242,851 |  |  | $ | 162,881 |  |  | $ | 161,115 |
Interest expense | 20,343 |  |  | 22,959 |  |  | 24,124 |  |  | 28,384 |
Net interest income | 193,694 |  |  | 219,892 |  |  | 138,757 |  |  | 132,731 |
Provision (benefit) for credit losses | 13,890 |  |  | 13,164 |  |  | 3,291 |  |  | (2,919) |
Non-interest income | 16,991 |  |  | 25,586 |  |  | 16,822 |  |  | 18,468 |
Non-interest expenses | 81,548 |  |  | 80,009 |  |  | 70,823 |  |  | 61,927 |
Income before income taxes | 115,247 |  |  | 152,305 |  |  | 81,465 |  |  | 92,191 |
Provision for income taxes | 12,993 |  |  | 36,263 |  |  | 20,124 |  |  | 17,560 |
Net income from continuing operations | 102,254 |  |  | 116,042 |  |  | 61,341 |  |  | 74,631 |
Loss from discontinued operations before income tax expense (benefit) | — |  |  | — |  |  | — |  |  | (20,354) |
Income tax expense (benefit) from discontinued operations | 1,585 |  |  | — |  |  | — |  |  | 17,682 |
Net loss from discontinued operations | (1,585) |  |  | — |  |  | — |  |  | (38,036) |
Net income | 100,669 |  |  | 116,042 |  |  | 61,341 |  |  | 36,595 |
Preferred stock dividends | 2,022 |  |  | 2,981 |  |  | 3,299 |  |  | 3,391 |
Loss on redemption of preferred stock | — |  |  | 2,820 |  |  | — |  |  | — |
Net income available to common shareholders | $ | 98,647 |  |  | $ | 110,241 |  |  | $ | 58,042 |  |  | $ | 33,204 |
Earnings per common share: |  |  |  |  |  |  |
Basic earnings from continuing operations per common share | $ | 3.07 |  |  | $ | 3.40 |  |  | $ | 1.80 |  |  | $ | 2.23 |
Basic earnings per common share | $ | 3.02 |  |  | $ | 3.40 |  |  | $ | 1.80 |  |  | $ | 1.04 |
Diluted earnings from continuing operations per common share | $ | 2.92 |  |  | $ | 3.25 |  |  | $ | 1.72 |  |  | $ | 2.17 |
Diluted earnings per common share | $ | 2.87 |  |  | $ | 3.25 |  |  | $ | 1.72 |  |  | $ | 1.01 |

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration