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Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Interest and fees on loans $ 216,400 $ 166,358 $ 584,706 $ 505,276
Interest on taxable securities 10,324 5,296 21,627 16,658
Interest on nontaxable securities 363 139 818 419
Interest on deposits in other banks and federal funds sold 7,215 1,253 13,093 2,394
Total interest income 234,302 173,046 620,244 524,747
Interest expense        
Interest on deposits 14,034 5,106 23,034 17,679
Interest on other borrowings 7,287 6,279 20,321 18,578
Total interest expense 21,321 11,385 43,355 36,257
Net interest income 212,981 161,661 576,889 488,490
Provision for loan losses 17,469 (3,984) 27,962 (21,462)
Provision for unfunded commitments 192 (5,516) 10,980 (16,056)
Provision for other credit losses (9) (175) (135) (606)
Provision for credit losses 17,652 (9,675) 38,807 (38,124)
Net interest income after provision for credit losses 195,329 171,336 538,082 526,614
Noninterest income        
Service charges on deposit accounts 11,168 11,486 33,374 33,322
Mortgage banking activity 40,350 56,460 162,049 225,177
Other service charges, commissions and fees 970 1,154 2,907 3,226
Net gain (loss) on securities (21) 530 200 519
Other noninterest income 12,857 6,932 37,546 21,531
Total noninterest income 65,324 76,562 236,076 283,775
Noninterest expense        
Salaries and employee benefits 78,697 79,671 244,523 261,161
Occupancy and equipment 12,983 11,979 38,456 34,572
Data processing and communications expenses 12,015 10,681 36,742 34,442
Credit resolution-related expenses 126 377 (343) 1,546
Advertising and marketing 3,553 2,676 8,663 6,053
Amortization of intangible assets 4,710 3,387 15,035 11,578
Merger and conversion charges 0 183 977 183
Loan servicing expense 9,613 7,400 28,452 18,214
Other noninterest expenses 17,881 20,842 53,089 54,006
Total noninterest expense 139,578 137,196 425,594 421,755
Income before income tax expense 121,075 110,702 348,564 388,634
Income tax expense 28,520 29,022 84,245 93,665
Net income 92,555 81,680 264,319 294,969
Other comprehensive loss        
Net unrealized holding losses arising during period on investment securities available-for-sale, net of tax benefit of $(10,128), $(834), $(17,631) and $(3,089) (38,099) (3,139) (66,324) (11,620)
Total other comprehensive loss (38,099) (3,139) (66,324) (11,620)
Comprehensive income $ 54,456 $ 78,541 $ 197,995 $ 283,349
Basic earnings per common share (in dollars per share) $ 1.34 $ 1.18 $ 3.82 $ 4.25
Diluted earnings per common share (in dollars per share) $ 1.34 $ 1.17 $ 3.81 $ 4.23
Weighted average common shares outstanding        
Basic (in shares) 69,125 69,440 69,213 69,445
Diluted (in shares) 69,327 69,756 69,428 69,772