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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME    
Loans $ 149,470 $ 150,170
Securities:    
Taxable interest 43,382 27,162
Tax-exempt interest 23,855 24,964
Total securities income 67,237 52,126
Federal funds and resell agreements 2,450 2,821
Interest-bearing due from banks 2,457 703
Trading securities 185 159
Total interest income 221,799 205,979
INTEREST EXPENSE    
Deposits 6,173 6,798
Federal funds and repurchase agreements 2,148 1,886
Other 3,123 3,180
Total interest expense 11,444 11,864
Net interest income 210,355 194,115
Provision for credit losses (6,500) (7,500)
Net interest income after provision for credit losses 216,855 201,615
NONINTEREST INCOME    
Trust and securities processing 59,528 54,834
Trading and investment banking 5,440 9,356
Service charges on deposit accounts 24,642 21,976
Insurance fees and commissions 259 420
Brokerage fees 3,456 3,334
Bankcard fees 16,635 14,673
Investment securities losses, net (522) (8,336)
Other 14,240 12,640
Total noninterest income 123,678 108,897
NONINTEREST EXPENSE    
Salaries and employee benefits 130,634 127,681
Occupancy, net 12,232 11,935
Equipment 18,164 19,615
Supplies and services 3,262 3,492
Marketing and business development 4,932 2,345
Processing fees 18,443 15,417
Legal and consulting 6,911 5,755
Bankcard 6,567 4,956
Amortization of other intangible assets 1,071 1,380
Regulatory fees 3,482 2,546
Other 9,080 5,824
Total noninterest expense 214,778 200,946
Income before income taxes 125,755 109,566
Income tax expense 19,792 16,923
NET INCOME $ 105,963 $ 92,643
PER SHARE DATA    
Net income – basic $ 2.19 $ 1.93
Net income – diluted 2.17 1.91
Dividends $ 0.37 $ 0.32
Weighted average shares outstanding – basic 48,406,840 48,096,643
Weighted average shares outstanding – diluted 48,832,177 48,520,752