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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and dividend income        
Loans $ 90,266 $ 68,018 $ 227,583 $ 217,872
Securities and other 13,405 11,670 38,290 35,333
Total interest and dividend income 103,671 79,688 265,873 253,205
Interest expense        
Deposits 8,164 5,842 16,508 22,406
Borrowings 3,423 2,478 6,860 8,945
Total interest expense 11,587 8,320 23,368 31,351
Net interest income 92,084 71,368 242,505 221,854
Non-interest income        
Total fee income 14,573 20,637 48,345 64,997
Other, net 2,154 1,279 7,132 5,638
(Loss) on securities, net (476) (166) (2,194) (681)
Gain on sale of business operations and other assets, net 0 51,885 0 51,885
Total non-interest income 16,251 73,635 53,283 121,839
Total net revenue 108,335 145,003 295,788 343,693
Provision/(benefit) for credit losses 3,000 (4,000) (1,000) 2,500
Non-interest expense        
Compensation and benefits 39,422 37,068 114,773 112,773
Occupancy and equipment 8,702 10,421 28,207 32,044
Technology and communications 8,719 8,397 25,857 25,204
Marketing and promotion 1,290 860 3,873 1,973
Professional services 3,285 3,180 8,890 13,495
FDIC premiums and assessments 476 805 2,121 2,852
Other real estate owned and foreclosures 13 41 36 17
Amortization of intangible assets 1,285 1,296 3,857 3,912
Acquisition, restructuring, and other expenses 11,473 1,425 11,526 4,917
Other 7,012 5,967 19,562 19,299
Total non-interest expense 81,677 69,460 218,702 216,486
Income before income taxes 23,658 79,543 78,086 124,707
Income tax expense 4,941 15,794 16,058 26,291
Net income $ 18,717 $ 63,749 $ 62,028 $ 98,416
Basic earnings per common share (in dollars per share) $ 0.42 $ 1.32 $ 1.35 $ 1.98
Diluted earnings per common share (in dollars per share) $ 0.42 $ 1.31 $ 1.34 $ 1.97
Weighted average shares outstanding:        
Basic (in shares) 44,700 48,395 46,056 49,672
Diluted (in shares) 45,034 48,744 46,396 49,963
Deposit related fees        
Non-interest income        
Total fee income $ 8,377 $ 7,657 $ 23,733 $ 22,291
Loan fees and revenue        
Non-interest income        
Total fee income 3,785 8,285 16,673 25,962
Insurance commissions and fees        
Non-interest income        
Total fee income 0 1,581 0 7,003
Wealth management fees        
Non-interest income        
Total fee income 2,353 2,653 7,753 7,944
Mortgage banking originations        
Non-interest income        
Total fee income $ 58 $ 461 $ 186 $ 1,797