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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Interest and fees on loans $ 402,689 $ 285,587 $ 1,008,888 $ 844,388
Mortgage loans held-for-sale 5,371 7,716 17,198 24,935
Interest-bearing deposits with banks 15,621 2,000 23,098 4,352
Federal funds sold and securities purchased under resale agreements 1,845 0 3,640 0
Investment securities 38,569 25,189 107,508 68,076
Trading account securities 7 3 16 6
Federal Home Loan Bank and Federal Reserve Bank stock 2,109 1,777 5,704 5,291
Brokerage customer receivables 267 185 646 457
Total interest income 466,478 322,457 1,166,698 947,505
Interest expense        
Interest on deposits 45,916 19,305 79,755 71,547
Interest on Federal Home Loan Bank advances 6,812 4,931 16,506 14,658
Interest on other borrowings 4,008 2,501 8,981 7,678
Interest on subordinated notes 5,485 5,480 16,484 16,469
Interest on junior subordinated debentures 2,809 2,744 6,426 8,172
Total interest expense 65,030 34,961 128,152 118,524
Net interest income 401,448 287,496 1,038,546 828,981
Provision for credit losses 6,420 (7,916) 30,943 (68,562)
Net interest income after provision for credit losses 395,028 295,412 1,007,603 897,543
Non-interest income        
Revenue from contracts with customers 55,723 53,219 165,519 151,720
Mortgage banking 27,221 55,794 137,766 219,872
(Losses) gains on investment securities, net (3,103) (2,431) (13,682) 8
Fees from covered call options 1,366 1,157 6,177 2,545
Trading (losses) gains, net (7) 58 4,058 39
Operating lease income, net 12,644 12,807 43,126 39,487
Other 15,888 23,409 48,362 59,438
Total non-interest income 101,482 136,474 367,214 452,353
Non-interest expense        
Salaries and employee benefits 176,095 170,912 515,776 524,538
Software and equipment 24,126 22,029 71,186 63,807
Operating lease equipment depreciation 9,448 10,013 27,930 30,733
Occupancy, net 17,727 18,158 53,202 55,841
Data processing 7,767 7,104 23,282 20,072
Advertising and marketing 16,600 13,443 45,139 33,294
Professional fees 7,544 7,052 23,821 21,943
Amortization of other acquisition-related intangible assets 1,492 1,877 4,680 5,923
FDIC insurance 7,186 6,750 21,864 19,713
Other real estate owned expense, net 229 (1,531) (509) (1,013)
Other 28,255 26,337 83,064 74,294
Total non-interest expense 296,469 282,144 869,435 849,145
Income before taxes 200,041 149,742 505,382 500,751
Income tax expense 57,080 40,605 140,517 133,357
Net income 142,961 109,137 364,865 367,394
Preferred stock dividends 6,991 6,991 20,973 20,973
Net income applicable to common shares $ 135,970 $ 102,146 $ 343,892 $ 346,421
Net income per common share-Basic (usd per share) $ 2.24 $ 1.79 $ 5.86 $ 6.08
Net income per common share-Diluted (usd per share) 2.21 1.77 5.78 6.00
Cash dividends declared per common share (usd per share) $ 0.34 $ 0.31 $ 1.02 $ 0.93
Weighted average common shares outstanding (in shares) 60,738 57,000 58,679 56,985
Dilutive potential common shares (in shares) 837 753 814 728
Average common shares and dilutive common shares (in shares) 61,575 57,753 59,493 57,713
Wealth management        
Non-interest income        
Revenue from contracts with customers $ 33,124 $ 31,531 $ 95,887 $ 91,530
Service charges on deposit accounts        
Non-interest income        
Revenue from contracts with customers $ 14,349 $ 14,149 $ 45,520 $ 39,434