Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

Financial information by quarter for the periods indicated follows (in thousands, except per share data):

	2023
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter		Total
Interest income	$	483,205	$	470,539	$	463,421	$	440,416	$	1,857,581
Interest expense	265,995		255,697		249,543		212,542		983,777
Net interest income before provision for credit losses	217,210		214,842		213,878		227,874		873,804
Provision for credit losses	19,253		33,049		15,517		19,788		87,607
Net interest income after provision for credit losses	197,957		181,793		198,361		208,086		786,197
Non-interest income	17,092		27,724		25,487		16,535		86,838
Non-interest expense	190,863		147,090		145,218		152,780		635,951
Income before income taxes	24,186		62,427		78,630		71,841		237,084
Provision for income taxes	3,374		15,446		20,634		18,959		58,413
Net income	$	20,812	$	46,981	$	57,996	$	52,882	$	178,671
Earnings per common share, basic	$	0.27	$	0.63	$	0.78	$	0.71	$	2.39
Earnings per common share, diluted	$	0.27	$	0.63	$	0.78	$	0.70	$	2.38

	2022
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter		Total
Interest income	$	401,490	$	326,024	$	266,973	$	235,964	$	1,230,451
Interest expense	158,424		90,188		41,557		27,322		317,491
Net interest income before provision for credit losses	243,066		235,836		225,416		208,642		912,960
Provision for credit losses	39,608		3,720		23,996		7,830		75,154
Net interest income after provision for credit losses	203,458		232,116		201,420		200,812		837,806
Non-interest income	26,813		23,072		13,450		14,301		77,636
Non-interest expense	148,479		138,105		127,402		126,324		540,310
Income before income taxes	81,792		117,083		87,468		88,789		375,132
Provision for income taxes	17,585		29,233		21,704		21,639		90,161
Net income	$	64,207	$	87,850	$	65,764	$	67,150	$	284,971
Earnings per common share, basic	$	0.83	$	1.13	$	0.82	$	0.79	$	3.55
Earnings per common share, diluted	$	0.82	$	1.12	$	0.82	$	0.79	$	3.54

Non-interest expense in the fourth quarter of 2023 was negatively impacted by a $35.4 million FDIC special assessment.