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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income      
Loans $ 512,535 $ 335,312 $ 282,164
Securities and other 63,764 51,945 46,901
Total interest and dividend income 576,299 387,257 329,065
Interest expense      
Deposits 158,913 33,437 27,236
Borrowings and subordinated notes 48,339 9,223 10,663
Total interest expense 207,252 42,660 37,899
Net interest income 369,047 344,597 291,166
Non-interest income      
Other 2,045 6,973 6,631
Fair value adjustments on securities 513 (2,037) (787)
Net recognized (losses) (25,057) 6 0
Gain on sale of business operations and assets, net 0 0 52,942
Total non-interest income 42,782 68,937 143,248
Total net revenue 411,829 413,534 434,414
Provision expense/(benefit) for credit losses 31,999 11,000 (500)
Non-interest expense      
Compensation and benefits 159,281 152,741 150,589
Occupancy and equipment 35,718 37,638 41,782
Technology and communications 41,878 35,586 33,803
Marketing and promotion 5,377 5,103 2,749
Professional services 11,643 12,043 15,860
FDIC premiums and assessments 7,019 3,105 3,759
Other real estate owned and foreclosures 15 36 17
Amortization of intangible assets 4,820 5,134 5,200
Merger, restructuring and conversion related expenses 6,261 8,909 5,781
Other 29,496 28,421 26,353
Total non-interest expense 301,508 288,716 285,893
Income before income taxes 78,322 113,818 149,021
Income tax expense 8,724 21,285 30,357
Net income $ 69,598 $ 92,533 $ 118,664
Basic earnings per share (in dollars per share) $ 1.61 $ 2.03 $ 2.41
Diluted earnings per share (in dollars per share) $ 1.60 $ 2.02 $ 2.39
Weighted average common shares outstanding:      
Basic (in shares) 43,288 45,564 49,240
Diluted (in shares) 43,504 45,914 49,554
Total fee income      
Non-interest income      
Total fee income $ 65,281 $ 63,995 $ 84,462
Deposit related fees      
Non-interest income      
Total fee income 34,155 32,026 29,813
Loan related fees      
Non-interest income      
Total fee income 10,595 9,467 16,427
Gain on SBA loan sales      
Non-interest income      
Total fee income 10,334 12,494 20,689
Insurance commissions and fees      
Non-interest income      
Total fee income 0 0 7,003
Wealth management fees      
Non-interest income      
Total fee income $ 10,197 $ 10,008 $ 10,530