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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Interest and fees on loans $ 558,692 $ 285,698
Mortgage loans held-for-sale 3,528 6,087
Interest-bearing deposits with banks 13,468 1,687
Federal funds sold and securities purchased under resale agreements 70 431
Investment securities 59,943 32,398
Trading account securities 14 5
Federal Home Loan Bank and Federal Reserve Bank stock 3,680 1,772
Brokerage customer receivables 295 174
Total interest income 639,690 328,252
Interest expense    
Interest on deposits 144,802 14,854
Interest on Federal Home Loan Bank advances 19,135 4,816
Interest on other borrowings 7,854 2,239
Interest on subordinated notes 5,488 5,482
Interest on junior subordinated debentures 4,416 1,567
Total interest expense 181,695 28,958
Net interest income 457,995 299,294
Provision for credit losses 23,045 4,106
Net interest income after provision for credit losses 434,950 295,188
Non-interest income    
Mortgage banking 18,264 77,231
Gains (losses) on investment securities, net 1,398 (2,782)
Fees from covered call options 10,391 3,742
Trading gains, net 813 3,889
Operating lease income, net 13,046 15,475
Other 21,009 18,558
Total non-interest income 107,769 162,790
Non-interest expense    
Salaries and employee benefits 176,781 172,355
Software and equipment 24,697 22,810
Operating lease equipment 9,833 9,708
Occupancy, net 18,486 17,824
Data processing 9,409 7,505
Advertising and marketing 11,946 11,924
Professional fees 8,163 8,401
Amortization of other acquisition-related intangible assets 1,235 1,609
FDIC insurance 8,669 7,729
Other real estate owned expense, net (207) (1,032)
Other 30,157 25,465
Total non-interest expense 299,169 284,298
Income before taxes 243,550 173,680
Income tax expense 63,352 46,289
Net income 180,198 127,391
Preferred stock dividends 6,991 6,991
Net income applicable to common shares $ 173,207 $ 120,400
Net income per common share-Basic (usd per share) $ 2.84 $ 2.11
Net income per common share-Diluted (usd per share) 2.80 2.07
Cash dividends declared per common share (usd per share) $ 0.40 $ 0.34
Weighted average common shares outstanding (in shares) 60,950 57,196
Dilutive potential common shares (in shares) 873 862
Average common shares and dilutive common shares (in shares) 61,823 58,058
Wealth management    
Non-interest income    
Revenue from contracts with customers $ 29,945 $ 31,394
Service charges on deposit accounts    
Non-interest income    
Revenue from contracts with customers $ 12,903 $ 15,283