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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans and lease financing $ 199,844 $ 172,339
Available-for-sale investment securities 14,546 18,688
Held-to-maturity investment securities 17,793 18,957
Other 12,769 3,561
Total interest income 244,952 213,545
Interest expense    
Deposits 84,143 43,284
Short-term and long-term borrowings 5,953 2,563
Other 429 451
Total interest expense 90,525 46,298
Net interest income 154,427 167,247
Provision for credit losses 6,300 8,800
Net interest income (expense) after (provision) benefit for credit losses 148,127 158,447
Noninterest income    
Service charges on deposit accounts 7,546 7,231
Credit and debit card fees 16,173 16,298
Other service charges and fees 9,904 9,162
Trust and investment services income 10,354 9,614
Bank-owned life insurance 4,286 5,120
Other 3,108 1,598
Total noninterest income 51,371 49,023
Noninterest expense    
Salaries and employee benefits 59,262 56,032
Contracted services and professional fees 15,739 16,313
Occupancy 6,941 7,782
Equipment 13,413 9,736
Regulatory assessment and fees 8,120 3,836
Advertising and marketing 2,612 1,994
Card rewards program 8,508 8,085
Other 14,218 14,789
Total noninterest expense 128,813 118,567
Income before provision for income taxes 70,685 88,903
Provision for income taxes 16,465 22,085
Net income $ 54,220 $ 66,818
Basic earnings per share $ 0.42 $ 0.52
Diluted earnings per share $ 0.42 $ 0.52
Basic weighted-average outstanding shares 127,707,354 127,453,820
Diluted weighted-average outstanding shares 128,217,689 128,033,812