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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Loans $ 1,876,166 $ 1,747,827 $ 1,742,390
Money market investments 118,080 21,147 19,721
Investment securities 471,665 353,663 329,440
Total interest income 2,465,911 2,122,637 2,091,551
Interest expense:      
Deposits 252,845 111,621 175,855
Short-term borrowings 5,737 319 2,457
Long-term debt 39,970 53,107 56,626
Total interest expense 298,552 165,047 234,938
Net interest income 2,167,359 1,957,590 1,856,613
Provision for credit losses (benefit) 83,030 (193,464) 292,536
Net interest income after provision for credit losses (benefit) 2,084,329 2,151,054 1,564,077
Mortgage banking activities 42,450 50,133 10,401
Net gain on sale of debt securities 0 23 41
Gain, including impairment on equity securities (7,334) 131 6,279
Net (loss) profit on trading account debt securities (784) (389) 1,033
Net (loss) gain on sale of loans, including valuation adjustments on loans held-for-sale 0 (73) 1,234
Adjustments to indemnity reserves on loans sold 919 4,406 390
Other operating income 370,592 113,951 87,219
Total non-interest income 897,062 642,128 512,312
Operating expenses:      
Personnel costs 719,764 631,802 564,205
Net occupancy expenses 106,169 102,226 119,345
Equipment expenses 35,626 32,919 32,514
Other taxes 63,603 56,783 54,454
Professional fees 172,043 126,721 132,414
Technology and software expenses 291,902 277,979 263,886
Processing and transactional services 127,145 121,367 112,039
Communications 14,885 14,029 13,230
Business promotion 88,918 72,981 57,608
FDIC deposit insurance 26,787 25,579 23,868
Other real estate owned (OREO) income (22,143) (14,414) (3,480)
Other operating expenses 109,446 92,169 81,349
Amortization of intangibles 3,275 9,134 6,397
Goodwill impairment charge 9,000 0 0
Total operating expenses 1,746,420 1,549,275 1,457,829
Income before income tax 1,234,971 1,243,907 618,560
Income tax expense 132,330 309,018 111,938
Net Income 1,102,641 934,889 506,622
Net Income Applicable to Common Stock $ 1,101,229 $ 933,477 $ 504,864
Net Income per Common Share - Basic $ 14.65 $ 11.49 $ 5.88
Net Income per Common Share - Diluted $ 14.63 $ 11.46 $ 5.87
Service charges on deposit accounts      
Interest expense:      
Revenue from contract with customer $ 157,210 $ 162,698 $ 147,823
Other services      
Interest expense:      
Revenue from contract with customer $ 334,009 $ 311,248 $ 257,892