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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Interest and fees on loans $ 768,362 $ 710,341
Mortgage loans held-for-sale 4,246 4,146
Interest-bearing deposits with banks 36,766 16,658
Federal funds sold and securities purchased under resale agreements 179 19
Investment securities 72,016 69,678
Trading account securities 11 18
Federal Home Loan Bank and Federal Reserve Bank stock 5,307 4,478
Brokerage customer receivables 78 175
Total interest income 886,965 805,513
Interest expense    
Interest on deposits 320,233 299,532
Interest on Federal Home Loan Bank advances 25,441 22,048
Interest on other borrowings 6,792 9,248
Interest on subordinated notes 3,714 5,487
Interest on junior subordinated debentures 4,311 5,004
Total interest expense 360,491 341,319
Net interest income 526,474 464,194
Provision for credit losses 23,963 21,673
Net interest income after provision for credit losses 502,511 442,521
Non-interest income    
Wealth management 34,042 34,815
Mortgage banking 20,529 27,663
Service charges on deposit accounts 19,362 14,811
Gains on investment securities, net 3,196 1,326
Fees from covered call options 3,446 4,847
Trading (losses) gains, net (64) 677
Operating lease income, net 15,287 14,110
Other 20,836 42,331
Total non-interest income 116,634 140,580
Non-interest expense    
Salaries and employee benefits 211,526 195,173
Software and equipment 34,717 27,731
Operating lease equipment 10,471 10,683
Occupancy, net 20,778 19,086
Data processing 11,274 9,292
Advertising and marketing 12,272 13,040
Professional fees 9,044 9,553
Amortization of other acquisition-related intangible assets 5,618 1,158
FDIC insurance 10,926 14,537
Other real estate owned expense, net 643 392
Other 38,821 32,500
Total non-interest expense 366,090 333,145
Income before taxes 253,055 249,956
Income tax expense 64,016 62,662
Net income 189,039 187,294
Preferred stock dividends 6,991 6,991
Net income applicable to common shares $ 182,048 $ 180,303
Net income per common share-Basic (usd per share) $ 2.73 $ 2.93
Net income per common share-Diluted (usd per share) 2.69 2.89
Cash dividends declared per common share (usd per share) $ 0.50 $ 0.45
Weighted average common shares outstanding (in shares) 66,726 61,481
Dilutive potential common shares (in shares) 923 928
Average common shares and dilutive common shares (in shares) 67,649 62,409