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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest Income        
Interest and fees on LHFS & LHFI $ 217,128 $ 203,236 $ 636,315 $ 568,318
Interest on securities:        
Taxable 26,162 16,624 59,725 50,164
Tax exempt 0 46 4 173
Interest on federal funds sold and securities purchased under reverse repurchase agreements 9 3 12 78
Other interest income 8,293 8,613 24,527 27,217
Total Interest Income 251,592 228,522 720,583 645,950
Interest Expense        
Interest on deposits 86,043 69,797 253,440 165,104
Interest on federal funds purchased and securities sold under repurchase agreements 4,864 5,375 16,118 15,072
Other interest expense 5,971 14,713 22,452 49,638
Total Interest Expense 96,878 89,885 292,010 229,814
Net Interest Income 154,714 138,637 428,573 416,136
PCL, off-balance sheet credit exposures (1,375) 104 (5,167) (1,893)
Net Interest Income After PCL 148,166 130,211 394,780 398,252
Noninterest Income (Loss)        
Service charges on deposit accounts 11,272 11,074 33,154 32,105
Bank card and other fees 7,931 8,217 24,584 24,937
Mortgage banking, net 6,119 6,458 19,238 20,697
Wealth management 9,288 8,773 27,932 26,435
Other, net 2,952 2,399 13,515 7,654
Security gains (losses), net 0 0 (182,792) 0
Total Noninterest Income (Loss) 37,562 36,921 (64,369) 111,828
Noninterest Expense        
Salaries and employee benefits 66,691 67,374 197,016 198,944
Services and fees 25,724 27,472 74,898 80,327
Net occupancy - premises 7,398 7,151 21,933 21,363
Equipment expense 6,141 6,755 18,707 19,387
Litigation settlement expense 0 6,500 0 6,500
Other expense 17,316 15,039 48,706 42,980
Total Noninterest Expense 123,270 130,291 361,260 369,501
Income (Loss) From Continuing Operations Before Income Taxes 62,458 36,841 (30,849) 140,579
Income taxes from continuing operations 11,128 6,288 (19,747) 21,177
Income (Loss) From Continuing Operations 51,330 30,553 (11,102) 119,402
Income from discontinued operations before income taxes 0 4,649 237,152 13,337
Income taxes from discontinued operations 0 1,173 59,353 3,373
Income From Discontinued Operations 0 3,476 177,799 9,964
Net Income $ 51,330 $ 34,029 $ 166,697 $ 129,366
Earnings (Loss) Per Share (EPS)        
Basic EPS from continuing operations $ 0.84 $ 0.5 $ (0.18) $ 1.96
Basic EPS from discontinued operations 0 0.06 2.91 0.16
Basic EPS [1] 0.84 0.56 2.72 2.12
Diluted EPS from continuing operations 0.84 0.5 (0.18) 1.95
Diluted EPS from discontinued operations 0 0.06 2.9 0.16
Diluted EPS [1] $ 0.84 $ 0.56 $ 2.72 $ 2.11
Loans Held for Investment [Member]        
Interest Expense        
PCL, LHFI $ 7,923 $ 8,322 $ 30,327 $ 19,777
1-4 Family Mortgage Loans [Member]        
Interest Expense        
PCL, LHFI $ 0 $ 0 $ 8,633 $ 0
[1] Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.