Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

Quarterly financial data for 2023 and 2022 is summarized below:

(Dollars in thousands, except per share data)	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter
2023
Interest income	$	329,303		$	345,932		$	356,910		$	369,175
Interest expense		94,983			118,471			128,457			139,485
Net interest income		234,320			227,461			228,453			229,690
Provision for credit losses		6,890			11,440			5,948			6,875
Mortgage banking income		6,384			7,907			7,556			4,746
Securities (losses) gains, net		(405	)		(7,336	)		(181	)		276
Other noninterest income		26,765			34,607			26,286			28,653
Noninterest expense		137,419			135,288			135,230			152,287
Income taxes		24,448			23,452			24,779			24,813
Net income (1)		98,307			92,459			96,157			79,390
Per share data:
Average shares outstanding (000s):
Basic		134,411			134,683			134,685			134,691
Diluted		134,840			134,850			134,888			134,985
Net income per share:
Basic	$	0.73		$	0.68		$	0.71		$	0.59
Diluted	$	0.73		$	0.68		$	0.71		$	0.59
Dividends per share	$	0.36		$	0.36		$	0.36		$	0.37
2022
Interest income	$	202,795		$	227,771		$	263,683		$	307,741
Interest expense		11,293			12,868			23,061			58,337
Net interest income		191,502			214,903			240,622			249,404
Provision for credit losses		(3,410	)		(1,807	)		7,671			16,368
Mortgage banking income		19,203			12,445			6,422			4,620
Securities (losses) gains, net		(251	)		1,182			(206	)		51
Other noninterest income		27,073			29,981			26,533			26,208
Noninterest expense		139,175			141,174			137,196			137,542
Income taxes		20,098			23,531			25,919			26,608
Net income (1)		81,664			95,613			102,585			99,765
Per share data:
Average shares outstanding (000s):
Basic		136,058			134,623			134,182			134,268
Diluted		136,435			134,864			134,554			134,799
Net income per share:
Basic	$	0.60		$	0.71		$	0.76		$	0.74
Diluted	$	0.60		$	0.71		$	0.76		$	0.74
Dividends per share	$	0.36		$	0.36		$	0.36		$	0.36

(1) For further information, see the related discussion “Quarterly Results” included in Management’s Discussion and Analysis.