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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income        
Loans and lease financing $ 185,340 $ 111,916 $ 357,679 $ 215,648
Available-for-sale investment securities 18,094 16,643 36,782 48,750
Held-to-maturity investment securities 18,282 18,289 37,239 18,289
Other 7,489 2,896 11,050 3,678
Total interest income 229,205 149,744 442,750 286,365
Interest expense        
Deposits 58,071 4,597 101,355 7,346
Short-term and long-term borrowings 10,656   13,219  
Other 539   990  
Total interest expense 69,266 4,597 115,564 7,346
Net interest income 159,939 145,147 327,186 279,019
Provision for credit losses 5,000 1,000 13,800 (4,747)
Net interest income after provision for credit losses 154,939 144,147 313,386 283,766
Noninterest income        
Service charges on deposit accounts 7,246 6,843 14,477 14,344
Credit and debit card fees 15,461 17,056 31,759 31,906
Other service charges and fees 9,056 9,018 18,218 18,672
Trust and investment services income 9,448 8,759 19,062 17,642
Bank-owned life insurance 3,271 (859) 8,391 (1,276)
Other 2,866 3,320 4,464 4,229
Total noninterest income 47,348 44,137 96,371 85,517
Noninterest expense        
Salaries and employee benefits 57,904 49,902 113,936 98,128
Contracted services and professional fees 17,498 18,617 33,811 35,764
Occupancy 7,554 7,334 15,336 14,744
Equipment 11,000 7,754 20,736 13,731
Regulatory assessment and fees 3,676 2,301 7,512 4,525
Advertising and marketing 1,891 1,994 3,885 4,022
Card rewards program 7,681 7,285 15,766 14,168
Other 13,677 13,988 28,466 28,135
Total noninterest expense 120,881 109,175 239,448 213,217
Income before provision for income taxes 81,406 79,109 170,309 156,066
Provision for income taxes 18,964 19,749 41,049 38,987
Net income $ 62,442 $ 59,360 $ 129,260 $ 117,079
Basic earnings per share (in dollars per share) $ 0.49 $ 0.46 $ 1.01 $ 0.92
Diluted earnings per share (in dollars per share) $ 0.49 $ 0.46 $ 1.01 $ 0.91
Basic weighted-average outstanding shares (in shares) 127,591,371 127,672,244 127,522,975 127,614,564
Diluted weighted-average outstanding shares (in shares) 127,832,351 128,014,777 127,901,225 128,108,630