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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans, including fees $ 252,182 $ 232,788 $ 479,229 $ 460,160
Securities:        
Taxable 12,725 8,359 23,773 16,087
Tax-exempt 19,898 16,546 37,344 32,044
Federal funds sold and other 7,571 1,543 10,647 2,862
Total interest income 292,376 259,236 550,993 511,153
Interest expense:        
Deposits 18,181 13,861 28,431 31,329
Securities sold under agreements to repurchase 82 56 138 128
Federal Home Loan Bank advances and other borrowings 9,539 12,094 18,375 23,601
Total interest expense 27,802 26,011 46,944 55,058
Net interest income 264,574 233,225 504,049 456,095
Provision for credit losses 12,907 2,834 15,627 10,069
Net interest income after provision for credit losses 251,667 230,391 488,422 446,026
Noninterest income:        
Total noninterest income 125,502 98,207 228,998 190,916
Noninterest expense:        
Salaries and employee benefits 126,611 110,824 248,463 213,552
Equipment and occupancy 26,921 23,321 52,457 46,541
Other real estate (income) expense, net 86 (657) 191 (670)
Marketing and other business development 4,759 2,652 8,536 5,001
Postage and supplies 2,320 2,115 4,691 3,921
Amortization of intangibles 2,051 2,167 3,922 4,373
Other noninterest expense 33,290 25,718 60,439 48,118
Total noninterest expense 196,038 166,140 378,699 320,836
Income before income taxes 181,131 162,458 338,721 316,106
Income tax expense 36,004 30,668 64,484 58,888
Net income 145,127 131,790 274,237 257,218
Preferred stock dividends (3,798) (3,798) (7,596) (7,596)
Net income available to common shareholders $ 141,329 $ 127,992 $ 266,641 $ 249,622
Per share information:        
Basic net income per common share $ 1.87 $ 1.70 $ 3.52 $ 3.31
Diluted net income per common share $ 1.86 $ 1.69 $ 3.51 $ 3.30
Weighted average common shares outstanding:        
Basic 75,751,296 75,481,198 75,703,407 75,427,340
Diluted 75,940,500 75,809,974 75,934,025 75,735,763
Service charges on deposit accounts        
Noninterest income:        
Total noninterest income $ 11,616 $ 8,906 $ 22,646 $ 17,213
Investment services        
Noninterest income:        
Total noninterest income 13,205 8,997 23,896 17,188
Insurance sales commissions        
Noninterest income:        
Total noninterest income 2,554 2,406 6,590 5,631
Gain on mortgage loans sold, net        
Noninterest income:        
Total noninterest income 2,150   6,216 20,366
Investment gains (losses) on sales, net        
Noninterest income:        
Total noninterest income 0 366 (61) 366
Trust fees        
Noninterest income:        
Total noninterest income 6,065 5,062 12,038 9,749
Income from equity method investment        
Noninterest income:        
Total noninterest income 49,465 32,071 83,120 61,021
Other noninterest income        
Noninterest income:        
Total noninterest income $ 40,447 $ 33,699 $ 74,553 $ 59,382