Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2022

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