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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans and leases $ 346,550 $ 246,722 $ 907,595 $ 732,795
Investment securities 53,135 40,780 159,459 104,999
Deposits in financial institutions 10,359 2,580 16,412 6,130
Total interest income 410,044 290,082 1,083,466 843,924
Interest expense:        
Deposits 61,288 6,417 82,858 21,186
Borrowings 3,081 101 5,683 559
Subordinated debt 10,494 7,722 27,102 18,760
Total interest expense 74,863 14,240 115,643 40,505
Net interest income 335,181 275,842 967,823 803,419
Provision for credit losses 3,000 (20,000) 14,500 (156,000)
Net interest income after provision for credit losses 332,181 295,842 953,323 959,419
Noninterest income:        
Leased equipment income 12,835 10,943 38,264 33,144
Other commissions and fees 10,034 11,792 32,427 31,654
Service charges on deposit accounts 3,608 3,407 10,813 9,793
Gain on sale of loans and leases 58 0 130 1,561
Gain (loss) on sale of securities 86 515 (1,019) 616
Dividends and gains (losses) on equity investments 3,228 8,387 (4,050) 24,685
Warrant income 292 13,578 2,536 25,351
Other income 8,478 2,723 14,682 9,741
Total noninterest income 38,619 51,345 93,783 136,545
Noninterest expense:        
Compensation 105,933 98,061 300,715 268,750
Occupancy 15,574 14,928 46,042 43,766
Leased equipment depreciation 8,908 8,603 27,031 26,186
Data processing 9,568 7,391 28,455 22,106
Other professional services 10,674 5,164 23,354 15,546
Insurance and assessments 7,159 3,685 18,281 12,333
Customer related expense 12,673 4,538 37,076 14,329
Loan expense 6,228 4,180 18,422 11,404
Intangible asset amortization 3,649 2,890 10,947 8,858
Acquisition, integration and reorganization costs 0 200 0 3,825
Foreclosed assets (income) expense, net (248) 165 (3,629) 47
Other expense 15,500 9,616 39,995 34,157
Total noninterest expense 195,618 159,421 546,689 461,307
Earnings before income taxes 175,182 187,766 500,417 634,657
Income tax expense (43,566) (47,770) (126,313) (163,743)
Net earnings 131,616 139,996 374,104 470,914
Preferred Stock Dividends, Income Statement Impact 9,392 0 9,392 0
Net Income (Loss) Available to Common Stockholders, Diluted 122,224 139,996 364,712 470,914
Net Income (Loss) Available to Common Stockholders, Basic $ 122,224 $ 139,996 $ 364,712 $ 470,914
Earnings per common share:        
Basic (usd per share) $ 1.02 $ 1.17 $ 3.04 $ 3.96
Diluted (usd per share) $ 1.02 $ 1.17 $ 3.04 $ 3.96