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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Interest and fees on loans $ 1,507,726 $ 1,133,528 $ 1,157,249
Mortgage loans held-for-sale 21,195 32,169 20,077
Interest-bearing deposits with banks 43,447 6,606 8,553
Federal funds sold and securities purchased under resale agreements 4,903 173 102
Investment securities 160,600 95,286 99,634
Trading account securities 22 10 37
Federal Home Loan Bank and Federal Reserve Bank stock 8,622 7,067 6,891
Brokerage customer receivables 928 645 477
Total interest income 1,747,443 1,275,484 1,293,020
Interest expense      
Interest on deposits 175,202 88,119 189,178
Interest on Federal Home Loan Bank advances 30,329 19,581 18,193
Interest on other borrowings 14,294 9,928 12,773
Interest on subordinated notes 22,004 21,983 21,961
Interest on junior subordinated debentures 10,252 10,916 11,008
Total interest expense 252,081 150,527 253,113
Net interest income 1,495,362 1,124,957 1,039,907
Provision for credit losses 78,589 (59,263) 214,220
Net interest income after provision for credit losses 1,416,773 1,184,220 825,687
Non-interest income      
Revenue from contracts with customers 217,719 207,172 170,130
Mortgage banking 155,173 273,010 346,013
Losses on investment securities, net (20,427) (1,059) (1,926)
Fees from covered call options 14,133 3,673 2,292
Trading gains (losses), net 3,752 245 (1,004)
Operating lease income, net 55,510 53,691 47,604
Other 67,724 78,373 65,851
Total non-interest income 461,053 586,120 604,189
Non-interest expense      
Salaries and employee benefits 696,107 691,669 626,076
Software and equipment 95,885 87,515 68,496
Operating lease equipment 38,008 40,880 37,915
Occupancy, net 70,965 74,184 69,957
Data processing 31,209 27,279 30,196
Advertising and marketing 59,418 47,275 36,296
Professional fees 33,088 29,494 27,426
Amortization of other acquisition-related intangible assets 6,116 7,734 11,018
FDIC insurance 28,639 27,030 25,004
OREO expense, net (140) (1,654) (921)
Other 117,976 101,138 108,632
Total non-interest expense 1,177,271 1,132,544 1,040,095
Income before taxes 700,555 637,796 389,781
Income tax expense 190,873 171,645 96,791
Net income 509,682 466,151 292,990
Preferred stock dividends 27,964 27,964 21,377
Net income applicable to common shares $ 481,718 $ 438,187 $ 271,613
Net income per common share-Basic (usd per share) $ 8.14 $ 7.69 $ 4.72
Net income per common share-Diluted (usd per share) 8.02 7.58 4.68
Cash dividends declared per common share (usd per share) $ 1.36 $ 1.24 $ 1.12
Weighted average common shares outstanding (in shares) 59,205 56,994 57,523
Dilutive potential common shares (in shares) 886 792 496
Average common shares and dilutive common shares (in shares) 60,091 57,786 58,019
Wealth management      
Non-interest income      
Revenue from contracts with customers $ 126,614 $ 124,019 $ 100,336
Service charges on deposit accounts      
Non-interest income      
Revenue from contracts with customers $ 58,574 $ 54,168 $ 45,023