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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Interest and fees on loans $ 196,165 $ 182,741 $ 377,002 $ 371,414
Interest on federal funds sold and other short-term investments 4,841 1,757 7,170 3,650
Interest and dividends on securities:        
Taxable 24,558 13,846 42,063 27,372
Tax-exempt 2,207 1,842 4,331 3,407
Total interest income 227,771 200,186 430,566 405,843
Interest expense        
Interest on deposits 9,751 11,012 18,312 22,997
Interest on short-term borrowings 237 182 418 360
Interest on long-term borrowings 2,880 2,475 5,431 5,009
Total interest expense 12,868 13,669 24,161 28,366
Net interest income 214,903 186,517 406,405 377,477
Provision for credit losses (1,807) (8,879) (5,217) (8,736)
Net interest income after provision for credit losses 216,710 195,396 411,622 386,213
Other income        
Income from bank-owned life insurance 4,120 1,658 6,314 3,061
Mortgage loan servicing income 2,328 2,386 4,715 4,741
Net investment securities gains 1,182 24 931 2,633
Other income 1,838 2,467 3,365 4,480
Total other income 43,608 62,864 89,633 155,444
Other expense        
Employee compensation 62,632 68,557 125,253 140,969
Employee benefits 12,047 14,470 24,898 29,920
Net occupancy expense 11,206 10,101 22,393 21,042
Other real estate owned ("OREO") expense 46 496 228 4,055
Net gains on the sales of OREO properties (454) (106) (487) (33)
Equipment expense 7,310 5,830 14,645 11,874
Data processing expense 7,549 6,956 14,920 13,982
Mortgage loan servicing expense and impairment 1,783 3,599 3,426 6,776
Bankcard processing expense 488 478 912 878
FDIC insurance expense 3,004 1,800 5,677 3,800
Other expense 35,563 26,788 68,484 54,640
Total other expense 141,174 138,969 280,349 287,903
Income before income taxes 119,144 119,291 220,906 253,754
Income taxes 23,531 24,455 43,629 52,020
Net income $ 95,613 $ 94,836 $ 177,277 $ 201,734
Earnings per common share:        
Basic $ 0.71 $ 0.73 $ 1.31 $ 1.56
Diluted $ 0.71 $ 0.73 $ 1.3 $ 1.56
Average outstanding shares:        
Basic 134,623,061 128,750,851 135,336,729 128,693,616
Diluted 134,863,650 129,033,988 135,634,398 128,946,280
Fees from trust services [Member]        
Other income        
Revenue from contract $ 4,294 $ 4,193 $ 8,421 $ 7,956
Fees from brokerage services [Member]        
Other income        
Revenue from contract 4,115 3,654 8,667 7,977
Fees from deposit services [Member]        
Other income        
Revenue from contract 10,830 9,396 20,978 18,292
Bankcard fees and merchant discounts [Member]        
Other income        
Revenue from contract 1,671 1,368 3,050 2,432
Other service charges, commissions, and fees [Member]        
Other income        
Revenue from contract 785 775 1,544 1,534
Mortgage Banking [Member]        
Other income        
Revenue from contract $ 12,445 $ 36,943 $ 31,648 $ 102,338