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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Loans, including fees $ 233,857 $ 224,482 $ 694,017 $ 687,183
Securities:        
Taxable 8,986 8,276 25,073 28,133
Tax-exempt 15,873 15,001 47,917 43,421
Federal funds sold and other 2,152 1,429 5,014 5,258
Total interest income 260,868 249,188 772,021 763,995
Interest expense:        
Deposits 12,139 28,401 43,468 112,826
Securities sold under agreements to repurchase 57 77 185 286
Federal Home Loan Bank advances and other borrowings 11,129 14,116 34,730 50,080
Total interest expense 23,325 42,594 78,383 163,192
Net interest income 237,543 206,594 693,638 600,803
Provision for credit losses 3,382 16,758 13,451 194,635
Net interest income after provision for credit losses 234,161 189,836 680,187 406,168
Noninterest income:        
Total noninterest income 104,095 91,065 295,011 234,396
Noninterest expense:        
Salaries and employee benefits 112,406 90,103 325,958 244,470
Equipment and occupancy 23,712 21,622 70,253 64,626
Other real estate (income) expense, net (79) 1,795 (749) 7,098
Marketing and other business development 3,325 2,321 8,326 7,714
Postage and supplies 2,083 1,761 6,004 5,821
Amortization of intangibles 2,088 2,417 6,461 7,416
Other noninterest expense 25,316 23,833 73,434 66,005
Total noninterest expense 168,851 143,852 489,687 403,150
Income before income taxes 169,405 137,049 485,511 237,414
Income tax expense 32,828 26,404 91,716 35,969
Net income 136,577 110,645 393,795 201,445
Preferred stock dividends (3,798) (3,798) (11,394) (3,798)
Net income available to common shareholders $ 132,779 $ 106,847 $ 382,401 $ 197,647
Per share information:        
Basic net income per common share $ 1.76 $ 1.42 $ 5.07 $ 2.62
Diluted net income per common share $ 1.75 $ 1.42 $ 5.05 $ 2.62
Weighted average common shares outstanding:        
Basic 75,494,286 75,240,664 75,449,900 75,417,663
Diluted 75,836,142 75,360,033 75,760,618 75,544,677
Service charges on deposit accounts        
Noninterest income:        
Total noninterest income $ 11,435 $ 9,854 $ 28,648 $ 25,796
Investment services        
Noninterest income:        
Total noninterest income 9,648 6,734 26,836 21,944
Insurance sales commissions        
Noninterest income:        
Total noninterest income 2,557 2,284 8,188 7,755
Gain on mortgage loans sold, net        
Noninterest income:        
Total noninterest income 7,814 19,453 28,180 47,655
Investment gains on sales, net        
Noninterest income:        
Total noninterest income 0 651 366 986
Trust fees        
Noninterest income:        
Total noninterest income 5,049 3,986 14,798 12,114
Income from equity method investment        
Noninterest income:        
Total noninterest income 30,409 26,445 91,430 59,245
Other noninterest income        
Noninterest income:        
Total noninterest income $ 37,183 $ 21,658 $ 96,565 $ 58,901