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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Loans and lease financing $ 134,646 $ 110,765 $ 350,294 $ 332,623
Available-for-sale investment securities 19,644 25,234 68,394 73,017
Held-to-maturity investment securities 17,950   36,239  
Other 4,150 1,205 7,828 2,362
Total interest income 176,390 137,204 462,755 408,002
Interest expense        
Deposits 13,653 3,218 20,999 10,637
Short-term and long-term borrowings 1 1,393 1 4,133
Total interest expense 13,654 4,611 21,000 14,770
Net interest income 162,736 132,593 441,755 393,232
Provision for credit losses 3,183 (4,000) (1,564) (39,000)
Net interest income after provision for credit losses 159,553 136,593 443,319 432,232
Noninterest income        
Service charges on deposit accounts 7,089 6,989 21,433 20,339
Credit and debit card fees 17,746 16,017 49,652 47,314
Other service charges and fees 9,179 10,233 27,851 29,382
Trust and investment services income 9,800 8,625 27,442 25,824
Bank-owned life insurance (341) 4,841 (1,617) 10,334
Investment securities gains, net       102
Other 2,384 3,399 6,613 10,048
Total noninterest income 45,857 50,104 131,374 143,343
Noninterest expense        
Salaries and employee benefits 51,372 46,484 149,500 136,402
Contracted services and professional fees 16,625 15,042 52,389 48,746
Occupancy 8,115 6,790 22,859 21,274
Equipment 10,791 6,549 24,522 18,402
Regulatory assessment and fees 2,487 1,828 7,012 5,688
Advertising and marketing 1,902 1,469 5,924 4,529
Card rewards program 8,141 6,676 22,309 17,773
Other 13,899 16,198 42,034 43,916
Total noninterest expense 113,332 101,036 326,549 296,730
Income before provision for income taxes 92,078 85,661 248,144 278,845
Provision for income taxes 23,060 21,382 62,047 70,132
Net income $ 69,018 $ 64,279 $ 186,097 $ 208,713
Basic earnings per share (in dollars per share) $ 0.54 $ 0.50 $ 1.46 $ 1.61
Diluted earnings per share (in dollars per share) $ 0.54 $ 0.50 $ 1.45 $ 1.61
Basic weighted-average outstanding shares (in shares) 127,377,713 128,660,038 127,534,746 129,323,973
Diluted weighted-average outstanding shares (in shares) 127,796,617 129,210,448 127,996,672 129,895,311