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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans, including fees $ 629,557 $ 361,091
Investment securities available for sale 61,054 47,249
Loans held for sale 5,577 6,182
Federal Reserve Bank balances 16,818 788
Other earning assets 3,873 752
Total interest income 716,879 416,062
Interest expense:    
Deposits 173,935 13,659
Long-term debt 42,529 10,144
Other borrowings 19,664 11
Total interest expense 236,128 23,814
Net interest income 480,751 392,248
Provision for (reversal of) credit losses 32,154 11,400
Net interest income after provision for (reversal of) credit losses 448,597 380,848
Non-interest revenue:    
Service charges on deposit accounts 22,974 22,539
Fiduciary and asset management fees 19,696 20,277
Card fees 15,824 14,756
Brokerage revenue 22,558 14,655
Mortgage banking income 3,858 5,953
Capital markets income 13,725 5,472
Income from bank-owned life insurance 7,262 6,556
Investment securities gains (losses), net 1,030 0
Recovery of NPA 13,126 0
Other non-interest revenue 13,073 15,126
Total non-interest revenue 133,126 105,334
Non-interest expense:    
Salaries and other personnel expense 188,924 164,684
Net occupancy, equipment, and software expense 42,860 42,877
Third-party processing and other services 21,833 20,996
Professional fees 8,963 8,474
FDIC insurance and other regulatory fees 10,268 6,250
Restructuring charges (reversals) (733) (6,424)
Loss on other loans held for sale 16,750 0
Other operating expense 32,987 35,593
Total non-interest expense 321,852 272,450
Income before income taxes 259,871 213,732
Income tax expense 57,712 42,695
Net income 202,159 171,037
Less: Preferred stock dividends 8,291 8,291
Net income available to common shareholders $ 193,868 $ 162,746
Net income per common share, basic (in dollars per share) $ 1.33 $ 1.12
Net income per common share, diluted (in dollars per share) $ 1.32 $ 1.11
Weighted average common shares outstanding, basic (in shares) 145,799 145,273
Weighted average common shares outstanding, diluted (in shares) 146,727 146,665