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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income:        
Loans, including fees $ 508,963 $ 315,935 $ 1,419,761 $ 795,164
Securities:        
Taxable 36,525 18,204 97,850 41,977
Tax-exempt 24,185 21,408 72,590 58,752
Federal funds sold and other 57,621 16,217 118,371 26,864
Total interest income 627,294 371,764 1,708,572 922,757
Interest expense:        
Deposits 280,305 55,189 685,562 83,620
Securities sold under agreements to repurchase 1,071 182 2,449 320
Federal Home Loan Bank advances and other borrowings 28,676 10,609 75,695 28,984
Total interest expense 310,052 65,980 763,706 112,924
Net interest income 317,242 305,784 944,866 809,833
Provision for credit losses 26,826 27,493 77,282 43,120
Net interest income after provision for credit losses 290,416 278,291 867,584 766,713
Noninterest income:        
Total noninterest income 90,797 104,805 354,165 333,803
Noninterest expense:        
Salaries and employee benefits 130,344 129,910 398,495 378,373
Equipment and occupancy 36,900 27,886 100,959 80,343
Other real estate expense, net 33 (90) 190 101
Marketing and other business development 5,479 4,958 17,085 13,494
Postage and supplies 2,621 2,795 8,303 7,486
Amortization of intangibles 1,765 1,951 5,339 5,873
Other noninterest expense 36,091 31,843 106,230 92,282
Total noninterest expense 213,233 199,253 636,601 577,952
Income before income taxes 167,980 183,843 585,148 522,564
Income tax expense 35,377 35,185 117,975 99,669
Net income 132,603 148,658 467,173 422,895
Preferred stock dividends (3,798) (3,798) (11,394) (11,394)
Net income available to common shareholders $ 128,805 $ 144,860 $ 455,779 $ 411,501
Per share information:        
Basic net income per common share $ 1.69 $ 1.91 $ 6.00 $ 5.43
Diluted net income per common share $ 1.69 $ 1.91 $ 5.99 $ 5.42
Weighted average common shares outstanding:        
Basic 76,044,182 75,761,930 75,998,965 75,723,129
Diluted 76,201,916 75,979,056 76,102,622 75,945,469
Service charges on deposit accounts        
Noninterest income:        
Total noninterest income $ 12,665 $ 10,906 $ 36,563 $ 33,552
Investment services        
Noninterest income:        
Total noninterest income 13,253 10,780 39,022 34,676
Insurance sales commissions        
Noninterest income:        
Total noninterest income 2,882 2,928 10,598 9,518
Gain on mortgage loans sold, net        
Noninterest income:        
Total noninterest income 2,012 1,117 5,632 7,333
Investment gains (losses) on sales, net        
Noninterest income:        
Total noninterest income (9,727) 217 (19,688) 156
Trust fees        
Noninterest income:        
Total noninterest income 6,640 5,706 19,696 17,744
Income from equity method investment        
Noninterest income:        
Total noninterest income 24,967 41,341 70,970 124,461
Gain on sale of fixed assets        
Noninterest income:        
Total noninterest income 87 227 85,946 425
Other noninterest income        
Noninterest income:        
Total noninterest income $ 38,018 $ 31,583 $ 105,426 $ 105,938