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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      
Investment securities $ 169,035 $ 122,099 $ 99,616
Residential real estate loans 57,243 43,300 46,392
Commercial loans 548,969 471,061 436,497
Consumer and other loans 54,393 44,614 44,559
Total interest income 829,640 681,074 627,064
Interest Expense      
Deposits 14,526 12,135 17,620
Securities sold under agreements to repurchase 3,200 2,303 3,601
Federal Home Loan Bank advances 17,317 0 733
Other borrowed funds 1,329 713 646
Subordinated debentures 4,889 3,407 4,715
Total interest expense 41,261 18,558 27,315
Net Interest Income 788,379 662,516 599,749
Provision for credit losses 19,963 23,076 39,765
Net interest income after provision for credit losses 768,416 639,440 559,984
Non-Interest Income      
Service charges and other fees 72,124 59,317 52,503
Miscellaneous loan fees and charges 15,350 12,038 7,344
Gain on sale of loans 20,032 63,063 99,450
Gain (loss) on sale of debt securities 620 (638) 1,139
Other income 12,606 11,040 12,431
Total non-interest income 120,732 144,820 172,867
Non-Interest Expense      
Compensation and employee benefits 319,303 270,644 253,047
Occupancy and equipment 43,261 39,394 37,673
Advertising and promotions 14,324 11,949 10,201
Data processing 30,823 23,470 21,132
Other real estate owned and foreclosed assets 77 236 923
Regulatory assessments and insurance 12,904 8,249 4,656
Aggregate amortization expense 10,658 10,271 10,370
Other expenses 87,518 70,609 66,809
Total non-interest expense 518,868 434,822 404,811
Income Before Income Taxes 370,280 349,438 328,040
Federal and state income tax expense 67,078 64,681 61,640
Net Income $ 303,202 $ 284,757 $ 266,400
Basic earnings per share (in dollars per share) $ 2.74 $ 2.87 $ 2.81
Diluted earnings per share (in dollars per share) 2.74 2.86 2.81
Dividends declared per share (in dollars per share) $ 1.32 $ 1.37 $ 1.33
Average outstanding shares - basic (in shares) 110,757,473 99,313,255 94,883,864
Average outstanding shares - diluted (in shares) 110,827,933 99,398,250 94,932,353