SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
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Dec. 31, 2023 |
Sep. 30, 2023 |
Jun. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2022 |
Sep. 30, 2022 |
Jun. 30, 2022 |
Mar. 31, 2022 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Quarterly Financial Information Disclosure [Abstract] | |||||||||||
Net interest income | $ 156,137 | $ 145,756 | $ 147,132 | $ 152,212 | $ 165,220 | $ 155,876 | $ 142,461 | $ 134,679 | $ 601,237 | $ 598,236 | $ 560,560 |
Provision (benefit) for credit losses | 11,738 | 1,516 | 5,379 | 3,074 | 3,387 | 5,492 | 3,246 | 3,245 | 21,707 | 15,370 | (17,575) |
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 144,399 | 144,240 | 141,753 | 149,138 | 161,833 | 150,384 | 139,215 | 131,434 | 579,530 | 582,866 | 578,135 |
Noninterest income | (111,801) | 28,383 | 32,493 | 29,999 | 29,975 | 29,181 | 34,539 | 34,569 | (20,926) | 128,264 | 128,935 |
Noninterest expense | 130,285 | 111,053 | 109,446 | 111,043 | 117,218 | 108,883 | 106,479 | 110,797 | 461,827 | 443,377 | 431,812 |
Income taxes | (27,324) | 13,479 | 15,384 | 15,318 | 13,936 | 14,118 | 15,402 | 12,117 | 16,857 | 55,573 | 55,335 |
NET INCOME | (70,363) | 48,091 | 49,416 | 52,776 | 60,654 | 56,564 | 51,873 | 43,089 | 79,920 | 212,180 | 219,923 |
Preferred dividends | (2,012) | (2,013) | (2,012) | (2,013) | (2,012) | (2,013) | (2,012) | (2,013) | (8,050) | (8,050) | (8,050) |
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS | $ (72,375) | $ 46,078 | $ 47,404 | $ 50,763 | $ 58,642 | $ 54,551 | $ 49,861 | $ 41,076 | $ 71,870 | $ 204,130 | $ 211,873 |
Per share: | |||||||||||
Earnings (loss) per share — basic (in dollars per share) | $ (1.69) | $ 1.08 | $ 1.11 | $ 1.19 | $ 1.38 | $ 1.28 | $ 1.17 | $ 0.97 | $ 1.68 | $ 4.80 | $ 5.01 |
Earnings (loss) per share — diluted (in dollars per share) | (1.69) | 1.08 | 1.11 | 1.19 | 1.37 | 1.28 | 1.17 | 0.97 | 1.68 | 4.79 | 5.00 |
Cash dividends declared on common stock (in dollars per share) | 0.30 | 0.30 | 0.30 | 0.30 | 0.28 | 0.27 | 0.27 | 0.27 | $ 1.20 | $ 1.09 | $ 0.96 |
Book value per common share (in dollars per share) | $ 42.69 | $ 40.20 | $ 41.00 | $ 40.38 | $ 38.25 | $ 36.41 | $ 39.19 | $ 42.98 | |||
Weighted average common shares outstanding (in shares) | 42,770,347 | 42,760,406 | 42,695,522 | 42,614,806 | 42,578,977 | 42,574,557 | 42,474,835 | 42,359,582 | 42,701,000 | 42,496,000 | 42,260,000 |
Weighted average diluted common shares outstanding (in shares) | 42,838,405 | 42,812,563 | 42,757,603 | 42,742,878 | 42,699,752 | 42,643,940 | 42,565,391 | 42,540,953 | 42,792,000 | 42,631,000 | 42,411,000 |
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- Definition Common Stock, Book Value Per share No definition available.
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- Definition Financing Receivable And Off Balance Sheet Liability, Credit Loss Provision No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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