Consolidated Statements of Income - USD ($) $ in Thousands |
12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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Interest Income | |||||||||
Interest and fees on LHFS & LHFI | $ 472,990 | $ 363,772 | $ 390,803 | ||||||
Interest and fees on PPP loans | 639 | 36,726 | 26,643 | ||||||
Interest on securities: | |||||||||
Taxable | 59,717 | 38,698 | 48,250 | ||||||
Tax exempt | 333 | 548 | 1,079 | ||||||
Interest on federal funds sold and securities purchased under reverse repurchase agreements | 74 | 0 | 1 | ||||||
Other interest income | 8,080 | 2,767 | 1,559 | ||||||
Total Interest Income | 541,833 | 442,511 | 468,335 | ||||||
Interest Expense | |||||||||
Interest on deposits | 29,069 | 16,945 | 37,487 | ||||||
Interest on federal funds purchased and securities sold under repurchase agreements | 6,127 | 232 | 755 | ||||||
Other interest expense | 11,929 | 6,983 | 3,556 | ||||||
Total Interest Expense | 47,125 | 24,160 | 41,798 | ||||||
Net Interest Income | 494,708 | 418,351 | 426,537 | ||||||
Provision for credit losses (PCL), LHFI | 21,677 | (21,499) | 36,113 | ||||||
PCL, off-balance sheet credit exposures | [1] | 1,215 | (2,949) | 8,934 | |||||
Net Interest Income After PCL | 471,816 | 442,799 | 381,490 | ||||||
Noninterest Income | |||||||||
Service charges on deposit accounts | 42,157 | 33,246 | 32,289 | ||||||
Bank card and other fees | 36,105 | 34,662 | 31,022 | ||||||
Mortgage banking, net | 28,306 | 63,750 | 125,822 | ||||||
Insurance commissions | 53,721 | 48,511 | 45,176 | ||||||
Wealth management | 35,013 | 35,190 | 31,625 | ||||||
Other, net | 9,842 | 6,551 | 8,659 | ||||||
Total Noninterest Income | 205,144 | 221,910 | 274,593 | ||||||
Noninterest Expense | |||||||||
Salaries and employee benefits | [1] | 287,440 | 284,158 | 272,257 | |||||
Services and fees | [1] | 101,545 | 89,463 | 83,816 | |||||
Net occupancy - premises | [1] | 29,264 | 27,043 | 26,489 | |||||
Equipment expense | [1] | 24,448 | 24,337 | 23,277 | |||||
Litigation settlement expense | [1] | 100,750 | 0 | 0 | |||||
Other expense | [2] | 59,766 | 64,295 | 60,462 | |||||
Total Noninterest Expense | [3] | 603,213 | 489,296 | 466,301 | |||||
Income Before Income Taxes | 73,747 | 175,413 | 189,782 | ||||||
Income taxes | 1,860 | 28,048 | 29,757 | ||||||
Net Income | $ 71,887 | $ 147,365 | $ 160,025 | ||||||
Earnings Per Share | |||||||||
Basic | $ 1.17 | $ 2.35 | $ 2.52 | ||||||
Diluted | $ 1.17 | $ 2.34 | $ 2.51 | ||||||
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X | ||||||||||
- Definition Income earned from bank card and credit card services including late, over limit, and annual fees. This item excludes interest income earned on credit card balances and transactions. Includes interchange fees earned from bank card and credit card transactions. Also includes ATM and other banking fees. No definition available.
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- Definition Interest and fee income on paycheck protection program loans. No definition available.
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- Definition The noninterest income, net of associated expenses, derived from mortgage banking activities (fees and commissions), including fees earned from servicing third-party assets. No definition available.
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- Definition Service charges on deposit accounts. No definition available.
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- Definition Expenses and fees incurred from communication, data processing, advertising, security, professional, and other service-related fees. No definition available.
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- Definition Gross income from services rendered by the trust department acting in any fiduciary capacity. Also include fees and commissions from securities brokerage activities, investment advisory and management services and from sales of annuities (fixed, variable, and other). No definition available.
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- References No definition available.
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X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition This element represents equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with the entity's accounting policy. This item may also include furniture expenses. No definition available.
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X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Income from agency and brokerage operations (includes sales of annuities and supplemental contracts); service charges, commissions, and fees from the sale of insurance and related services; and management fees from separate accounts, deferred annuities, and universal life products. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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X | ||||||||||
- Definition Interest and fee income generated by loans the Entity intends and has the ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (1) industrial and agricultural; (2) real estate; and (3) real estate construction loans; (4) trade financing; (5) lease financing; (6) home equity lines-of-credit; (7) automobile and other vehicle loans; and (8) credit card and other revolving-type loans. Also includes interest income for leases held by the Entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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X | ||||||||||
- Definition Aggregate amount of interest expense on all deposits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition The aggregate expense incurred on federal funds purchased and securities sold under agreements to repurchase. If amounts recognized as payables under repurchase agreements have been offset against amounts recognized as receivables under reverse repurchase agreements and reported as a net amount on the balance sheet, the income and expense from these agreements may be reported on a net basis. No definition available.
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X | ||||||||||
- Definition Amount of interest expense classified as other. No definition available.
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X | ||||||||||
- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition The aggregate interest income earned from (1) the lending of excess federal funds to another commercial bank requiring such for its legal reserve requirements and (2) securities purchased under agreements to resell. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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X | ||||||||||
- Definition Amount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- References No definition available.
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X | ||||||||||
- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense (reversal of expense) for expected credit loss for off-balance sheet credit exposure. Excludes off-balance sheet credit exposure accounted for as insurance and instrument accounted for under derivatives and hedging. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after discount, accretion and premium amortization, of interest income and dividend income classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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