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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Loans, including fees $ 169,706 $ 87,182
Investment securities    
Taxable 31,867 22,096
Tax-exempt 3,464 4,431
Total interest on investment securities 35,331 26,527
Other earning assets 3,544 120
Total interest income 208,581 113,829
Interest expense    
Deposits 31,456 2,623
Short-term borrowings 12,950 317
Long-term borrowings 4,857 4,544
Total interest expense 49,263 7,484
Net interest income 159,318 106,345
Provision for Credit Losses-loans and leases 8,644 (5,589)
Provision for credit losses-unfunded commitments 1,835 (226)
Net interest income after provision for credit losses 148,839 112,160
Noninterest income    
Service Charges on Deposit Accounts 6,514 7,729
Trust and wealth management fees 6,334 6,060
Bankcard income 3,592 3,337
Client derivative fees 1,005 803
Foreign exchange income 16,898 10,151
Operating Lease, Lease Income 13,664 6,076
Net gain from sales of loans 2,335 3,872
Net gain (loss) on sales of investment securities (519) 3
Net gain (loss) on equity securities 640 (199)
Other 5,080 3,462
Total noninterest income 55,543 41,294
Noninterest expenses    
Salaries and employee benefits 72,254 63,947
Net occupancy 5,685 5,746
Furniture and equipment 3,317 3,567
Data processing 9,020 8,264
Marketing 2,160 1,700
Communication 634 666
Professional services 1,946 2,159
State intangible tax 985 1,131
FDIC assessments 2,826 1,459
Intangible assets amortization 2,600 2,914
Amortization of operating leases 7,938 3,869
Other 7,328 7,383
Total noninterest expenses 116,693 102,805
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 87,689 50,649
Income tax (benefit) expense 17,286 9,348
Net income $ 70,403 $ 41,301
Earnings per common share    
Basic $ 0.75 $ 0.44
Diluted $ 0.74 $ 0.44
Average common shares outstanding - basic 93,732,532 93,383,932
Average common shares outstanding - diluted 94,960,158 94,263,925