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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST INCOME      
Loans $ 1,399,961 $ 810,007 $ 619,273
Securities:      
Taxable interest 214,981 192,121 127,625
Tax-exempt interest 102,197 97,190 98,305
Total securities income 317,178 289,311 225,930
Federal funds and resell agreements 17,647 19,109 10,048
Interest-bearing due from banks 103,190 18,582 5,417
Trading securities 729 511 854
Total interest income 1,838,705 1,137,520 861,522
INTEREST EXPENSE      
Deposits 704,210 167,553 26,412
Federal funds and repurchase agreements 93,026 40,703 6,934
Other 121,353 15,467 12,655
Total interest expense 918,589 223,723 46,001
Net interest income 920,116 913,797 815,521
Provision for credit losses 41,227 37,900 20,000
Net interest income after provision for credit losses 878,889 875,897 795,521
NONINTEREST INCOME      
Trust and securities processing 257,200 237,207 224,126
Trading and investment banking 19,630 23,201 30,939
Service charges on deposit accounts 84,950 85,167 86,056
Insurance fees and commissions 1,009 1,338 1,309
Brokerage fees 54,119 43,019 12,171
Bankcard fees 74,719 73,451 64,576
Investment securities (losses) gains, net (3,139) 58,444 5,057
Other 53,365 32,406 42,941
Total noninterest income 541,853 554,233 467,175
NONINTEREST EXPENSE      
Salaries and employee benefits 553,421 524,431 504,442
Occupancy, net 48,502 48,848 47,345
Equipment 68,718 74,259 78,398
Supplies and services 16,829 13,590 14,986
Marketing and business development 25,749 25,699 18,533
Processing fees 103,099 82,227 67,563
Legal and consulting 29,998 39,095 32,406
Bankcard 32,969 26,367 19,145
Amortization of other intangible assets 8,587 5,037 4,757
Regulatory fees 77,010 15,378 11,894
Other 34,258 43,188 34,167
Total noninterest expense 999,140 898,119 833,636
Income (loss) before taxes 421,602 532,011 429,060
Income tax expense 71,578 100,329 76,042
NET INCOME $ 350,024 $ 431,682 $ 353,018
PER SHARE DATA      
Net income – basic $ 7.22 $ 8.93 $ 7.31
Net income – diluted 7.18 8.86 7.24
Dividends $ 1.53 $ 1.49 $ 1.38
Weighted average shares outstanding – basic 48,503,643 48,340,922 48,271,462
Weighted average shares outstanding – diluted 48,763,820 48,747,399 48,738,292