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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INTEREST INCOME        
Loans $ 400,351 $ 342,994 $ 785,917 $ 651,435
Securities:        
Taxable interest 61,582 54,587 122,693 107,636
Tax-exempt interest 25,077 25,550 50,410 50,856
Total securities income 86,659 80,137 173,103 158,492
Federal funds and resell agreements 3,674 3,889 6,736 9,540
Interest-bearing due from banks 47,174 34,206 91,862 50,372
Trading securities 424 154 729 288
Total interest income 538,282 461,380 1,058,347 870,127
INTEREST EXPENSE        
Deposits 240,525 170,550 464,400 298,449
Federal funds and repurchase agreements 28,081 24,745 55,743 48,047
Other 24,568 40,474 53,662 56,324
Total interest expense 293,174 235,769 573,805 402,820
Net interest income 245,108 225,611 484,542 467,307
Provision for credit losses 14,050 13,000 24,050 36,250
Net interest income after provision for credit losses 231,058 212,611 460,492 431,057
NONINTEREST INCOME        
Trust and securities processing 70,010 61,589 139,488 123,948
Trading and investment banking 5,461 4,800 10,923 10,108
Service charges on deposit accounts 22,261 21,381 43,018 42,540
Insurance fees and commissions 267 225 550 499
Brokerage fees 14,020 13,604 27,180 27,280
Bankcard fees 22,346 18,579 44,314 36,751
Investment securities (losses) gains, net (1,867) 900 7,504 (4,424)
Other 12,421 17,004 31,186 31,580
Total noninterest income 144,919 138,082 304,163 268,282
NONINTEREST EXPENSE        
Salaries and employee benefits 142,861 143,312 285,867 285,810
Occupancy, net 11,723 11,746 23,993 23,923
Equipment 15,603 17,086 32,106 34,935
Supplies and services 3,404 4,195 6,705 8,070
Marketing and business development 6,598 7,124 12,623 12,459
Processing fees 29,701 26,572 57,637 49,812
Legal and consulting 16,566 7,059 24,460 14,344
Bankcard 11,818 8,307 22,385 15,440
Amortization of other intangible assets 1,911 2,117 3,871 4,415
Regulatory fees 2,568 6,123 21,963 11,674
Other 6,314 7,032 12,261 16,843
Total noninterest expense 249,067 240,673 503,871 477,725
Income before income taxes 126,910 110,020 260,784 221,614
Income tax expense 25,565 19,910 49,181 39,067
Net income (loss) $ 101,345 $ 90,110 $ 211,603 $ 182,547
PER SHARE DATA        
Net income – basic $ 2.08 $ 1.86 $ 4.34 $ 3.77
Net income – diluted 2.07 1.85 4.32 3.75
Dividends $ 0.39 $ 0.38 $ 0.78 $ 0.76
Weighted average shares outstanding – basic 48,744,636 48,514,277 48,704,075 48,474,865
Weighted average shares outstanding – diluted 48,974,265 48,668,413 48,952,054 48,707,487