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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Intangible assets amortization $ 10,402 $ 11,185 $ 9,839
Interest income      
Loans and leases, including fees 743,770 458,742 385,535
Investment securities      
Taxable 125,520 102,314 79,212
Tax-exempt 13,901 18,466 18,323
Total interest on investment securities 139,421 120,780 97,535
Other earning assets 19,813 5,484 147
Total interest income 903,004 585,006 483,217
Interest expense      
Deposits 202,010 28,140 14,435
Short-term borrowings 53,378 19,132 198
Long-term borrowings 19,846 18,591 16,466
Total interest expense 275,234 65,863 31,099
Net interest income 627,770 519,143 452,118
Provision for loan and lease losses 43,074 6,731 (19,024)
Provision for Other Credit Losses 33 4,982 903
Net interest income after provision for credit losses 584,663 507,430 470,239
Noninterest income      
Service charges on deposit accounts 27,289 28,062 31,876
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 26,081 23,506 23,780
Bankcard income 14,039 14,380 14,300
Client derivative fees 5,155 5,441 7,927
Foreign exchange income 54,051 54,965 44,793
Net gain from sales of loans 13,217 15,048 33,021
Net gain (loss) on sales/transfers of investment securities (1,258) (569) (759)
Equity Securities, FV-NI, Unrealized Gain (Loss) 206 (639) 702
Other 22,320 17,873 15,866
Total noninterest income 212,422 189,641 171,506
Noninterest expenses      
Salaries and employee benefits 292,731 269,368 245,924
Net occupancy 22,990 22,208 22,142
Furniture and equipment 13,543 13,224 13,819
Data processing 35,852 33,662 31,363
Marketing 9,647 8,744 7,983
Communication 2,729 2,683 2,930
Professional services 9,926 9,734 11,676
State intangible tax 3,914 4,285 4,256
FDIC assessments 11,948 7,194 5,630
Other 32,307 52,699 45,250
Total noninterest expenses 478,489 455,349 400,812
Income before income taxes 318,596 241,722 240,933
Income tax expense 62,733 24,110 35,773
Net income $ 255,863 $ 217,612 $ 205,160
Earnings per common share      
Basic $ 2.72 $ 2.33 $ 2.16
Diluted $ 2.69 $ 2.30 $ 2.14
Average common shares outstanding - basic 93,938,772 93,528,712 95,034,690
Average common shares outstanding - diluted 95,096,067 94,586,851 95,897,385
Operating Lease, Lease Income $ 51,322 $ 31,574 $ 0
Operating Lease, Expense $ 32,500 $ 20,363 $ 0