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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income      
Interest and fees on loans $ 3,043,354 $ 2,540,952 $ 1,507,726
Mortgage loans held-for-sale 21,436 16,791 21,195
Interest-bearing deposits with banks 115,253 78,978 43,447
Federal funds sold and securities purchased under resale agreements 366 1,806 4,903
Investment securities 276,115 238,587 160,600
Trading account securities 48 41 22
Federal Home Loan Bank and Federal Reserve Bank stock 20,060 14,912 8,622
Brokerage customer receivables 965 1,047 928
Total interest income 3,477,597 2,893,114 1,747,443
Interest expense      
Interest on deposits 1,343,642 906,470 175,202
Interest on Federal Home Loan Bank advances 99,149 72,286 30,329
Interest on other borrowings 34,480 35,280 14,294
Interest on subordinated notes 18,117 22,024 22,004
Interest on junior subordinated debentures 19,674 19,190 10,252
Total interest expense 1,515,062 1,055,250 252,081
Net interest income 1,962,535 1,837,864 1,495,362
Provision for credit losses 101,047 114,390 78,589
Net interest income after provision for credit losses 1,861,488 1,723,474 1,416,773
Non-interest income      
Wealth management 146,227 130,607 126,614
Mortgage banking 93,213 83,073 155,173
Service charges on deposit accounts 65,651 55,250 58,574
Gains (losses) on investment securities, net (2,602) 1,525 (20,427)
Fees from covered call options 10,196 21,863 14,133
Trading gains, net 504 1,142 3,752
Operating lease income, net 58,710 53,298 55,510
Other 116,426 87,348 67,724
Total non-interest income 488,325 434,106 461,053
Non-interest expense      
Salaries and employee benefits 817,108 748,013 696,107
Software and equipment 122,794 104,632 95,885
Operating lease equipment 42,298 42,363 38,008
Occupancy, net 79,213 77,068 70,965
Data processing 39,736 38,800 31,209
Advertising and marketing 61,812 65,075 59,418
Professional fees 40,637 34,758 33,088
Amortization of other acquisition-related intangible assets 12,095 5,498 6,116
FDIC insurance 46,118 71,102 28,639
OREO expense, net (408) (1,528) (140)
Other 141,321 126,718 117,976
Total non-interest expense 1,402,724 1,312,499 1,177,271
Income before taxes 947,089 845,081 700,555
Income tax expense 252,044 222,455 190,873
Net income 695,045 622,626 509,682
Preferred stock dividends 27,964 27,964 27,964
Net income applicable to common shares $ 667,081 $ 594,662 $ 481,718
Net income per common share-Basic (usd per share) $ 10.47 $ 9.72 $ 8.14
Net income per common share-Diluted (usd per share) 10.31 9.58 8.02
Cash dividends declared per common share (usd per share) $ 1.80 $ 1.60 $ 1.36
Weighted average common shares outstanding (in shares) 63,685 61,149 59,205
Dilutive potential common shares (in shares) 1,016 938 886
Average common shares and dilutive common shares (in shares) 64,701 62,087 60,091