Quarterly Condensed Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2023

Quarterly Condensed Financial Information (Unaudited)

Quarterly Condensed Financial Information (Unaudited)

Note 29: Quarterly Condensed Financial Information (Unaudited)

The following tables present the unaudited quarterly condensed financial information for the years ended December 31, 2023 and 2022:

	2023 Quarter Ended
(Dollars in thousands, except per share data)	March 31		June 30		September 30		December 31
Interest income	$	211,294	$	258,069	$	296,676	$	311,759
Interest expense		110,601		152,452		179,240		187,434
Net interest income		100,693		105,617		117,436		124,325
Provision for credit losses		6,867		22,603		4,014		6,747
Net interest income after provision for credit losses		93,826		83,014		113,422		117,578
Noninterest income		14,264		29,882		36,068		34,454
Noninterest expense		34,772		44,320		42,930		52,579
Income before income taxes		73,318		68,576		106,560		99,453
Income taxes		18,363		3,274		25,056		21,980
Net income		54,955		65,302		81,504		77,473
Less: preferred stock dividends		8,667		8,668		8,668		8,667
Net income allocated to common shareholders	$	46,288	$	56,634	$	72,836	$	68,806
Per common share data:
Basic earnings per common share	$	1.07	$	1.31	$	1.68	$	1.59
Diluted earnings per common share	$	1.07	$	1.31	$	1.68	$	1.58

	2022 Quarter Ended
(Dollars in thousands, except per share data)	March 31		June 30		September 30		December 31
Interest income	$	76,012	$	89,270	$	134,112	$	181,439
Interest expense		10,287		17,239		48,727		86,029
Net interest income		65,725		72,031		85,385		95,410
Provision for credit losses		2,451		6,212		2,225		6,407
Net interest income after provision for credit losses		63,274		65,819		83,160		89,003
Noninterest income		34,597		39,171		29,186		22,982
Noninterest expense		31,033		32,957		34,951		37,109
Income before income taxes		66,838		72,033		77,395		74,876
Income taxes		16,696		18,098		18,907		17,720
Net income		50,142		53,935		58,488		57,156
Less: preferred stock dividends		5,728		5,729		5,729		8,797
Net income allocated to common shareholders	$	44,414	$	48,206	$	52,759	$	48,359
Per common share data:
Basic earnings per common share	$	1.03	$	1.12	$	1.22	$	1.12
Diluted earnings per common share	$	1.02	$	1.11	$	1.22	$	1.12