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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans and leases $ 293,286 $ 244,529 $ 561,045 $ 486,073
Investment securities 52,902 33,954 106,324 64,219
Deposits in financial institutions 4,330 2,022 6,053 3,550
Total interest income 350,518 280,505 673,422 553,842
Interest expense:        
Deposits 15,362 7,269 21,570 14,769
Borrowings 2,441 265 2,602 458
Subordinated debt 8,790 6,663 16,608 11,038
Total interest expense 26,593 14,197 40,780 26,265
Net interest income 323,925 266,308 632,642 527,577
Provision for credit losses 11,500 (88,000) 11,500 (136,000)
Net interest income after provision for credit losses 312,425 354,308 621,142 663,577
Noninterest income:        
Leased equipment income 12,335 10,847 25,429 22,201
Other commissions and fees 10,813 10,704 22,393 19,862
Service charges on deposit accounts 3,634 3,452 7,205 6,386
Gain on sale of loans and leases 12 1,422 72 1,561
(Loss) gain on sale of securities (1,209) 0 (1,105) 101
Dividends and gains (losses) on equity investments 4,097 5,394 (7,278) 16,298
Warrant income 1,615 5,650 2,244 11,773
Other income 3,049 2,902 6,204 7,018
Total noninterest income 34,346 40,371 55,164 85,200
Noninterest expense:        
Compensation 102,542 90,807 194,782 170,689
Occupancy 15,268 14,784 30,468 28,838
Leased equipment depreciation 8,934 8,614 18,123 17,583
Data processing 9,258 7,758 18,887 14,715
Other professional services 6,726 5,256 12,680 10,382
Insurance and assessments 5,632 3,745 11,122 8,648
Customer related expense 11,748 4,973 24,403 9,791
Loan expense 7,037 4,031 12,194 7,224
Intangible asset amortization 3,649 2,889 7,298 5,968
Acquisition, integration and reorganization costs 0 200 0 3,625
Foreclosed assets income, net (28) (119) (3,381) (118)
Other expense 12,879 8,812 24,495 24,541
Total noninterest expense 183,645 151,750 351,071 301,886
Earnings before income taxes 163,126 242,929 325,235 446,891
Income tax expense (40,766) (62,417) (82,747) (115,973)
Net earnings $ 122,360 $ 180,512 $ 242,488 $ 330,918
Earnings per common share:        
Basic (usd per share) $ 1.02 $ 1.52 $ 2.03 $ 2.78
Diluted (usd per share) $ 1.02 $ 1.52 $ 2.03 $ 2.78