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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME    
Loans $ 172,975 $ 180,958
Investment securities and other interest-earning assets 40,456 40,385
Total interest income 213,431 221,343
INTEREST EXPENSE    
Deposits 59,506 40,234
FHLB advances and other borrowings 4,237 7,938
Subordinated debentures 4,561 4,561
Total interest expense 68,304 52,733
Net interest income before provision for credit losses 145,127 168,610
Provision for credit losses 3,852 3,016
Net interest income after provision for credit losses 141,275 165,594
NONINTEREST INCOME    
Loan servicing income 529 573
Earnings on bank owned life insurance 4,159 3,374
Net gain from sales of loans 0 29
Net gain from sales of investment securities 0 138
Other income 5,959 1,261
Total noninterest income 25,774 21,186
NONINTEREST EXPENSE    
Compensation and benefits 54,130 54,293
Premises and occupancy 10,807 11,742
Data processing 7,511 7,265
Other real estate owned operations, net 46 108
FDIC insurance premiums 2,629 2,425
Legal and professional services 4,143 5,501
Marketing expense 1,558 1,838
Office expense 1,093 1,232
Loan expense 770 646
Deposit expense 12,665 8,436
Amortization of intangible assets 2,836 3,171
Other expense 4,445 4,695
Total noninterest expense 102,633 101,352
Net income before income taxes 64,416 85,428
Income tax expense 17,391 22,866
Net income $ 47,025 $ 62,562
EARNINGS PER SHARE    
Basic (in dollars per share) $ 0.49 $ 0.66
Diluted (in dollars per share) $ 0.49 $ 0.66
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 94,350,259 93,857,812
Diluted (in shares) 94,477,355 94,182,522
Service charges on deposit accounts    
NONINTEREST INCOME    
Noninterest income $ 2,688 $ 2,629
Other service fee income    
NONINTEREST INCOME    
Noninterest income 336 296
Debit card interchange fee income    
NONINTEREST INCOME    
Noninterest income 765 803
Trust custodial account fees    
NONINTEREST INCOME    
Noninterest income 10,642 11,025
Escrow and exchange fees    
NONINTEREST INCOME    
Noninterest income $ 696 $ 1,058