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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Loans and lease financing $ 172,339 $ 103,732
Available-for-sale investment securities 18,688 32,107
Held-to-maturity investment securities 18,957  
Other 3,561 782
Total interest income 213,545 136,621
Interest expense    
Deposits 43,284 2,749
Short-term and long-term borrowings 2,563  
Other 451  
Total interest expense 46,298 2,749
Net interest income 167,247 133,872
Provision for credit losses 8,800 (5,747)
Net interest income after (provision) benefit for credit losses 158,447 139,619
Noninterest income    
Service charges on deposit accounts 7,231 7,501
Credit and debit card fees 16,298 14,850
Other service charges and fees 9,162 9,654
Trust and investment services income 9,614 8,883
Bank-owned life insurance 5,120 (417)
Other 1,598 909
Total noninterest income 49,023 41,380
Noninterest expense    
Salaries and employee benefits 56,032 48,226
Contracted services and professional fees 16,313 17,147
Occupancy 7,782 7,410
Equipment 9,736 5,977
Regulatory assessment and fees 3,836 2,224
Advertising and marketing 1,994 2,028
Card rewards program 8,085 6,883
Other 14,789 14,147
Total noninterest expense 118,567 104,042
Income before provision for income taxes 88,903 76,957
Provision for income taxes 22,085 19,238
Net income $ 66,818 $ 57,719
Basic earnings per share (in dollars per share) $ 0.52 $ 0.45
Diluted earnings per share (in dollars per share) $ 0.52 $ 0.45
Basic weighted-average outstanding shares (in shares) 127,453,820 127,556,242
Diluted weighted-average outstanding shares (in shares) 128,033,812 128,121,126