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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income        
Interest and fees on loans $ 832,140 $ 794,163 $ 2,398,499 $ 2,254,316
Mortgage loans held-for-sale 4,757 6,233 13,875 15,813
Interest-bearing deposits with banks 34,992 32,608 106,075 68,997
Federal funds sold and securities purchased under resale agreements 75 277 530 313
Investment securities 86,426 69,592 236,495 209,049
Trading account securities 0 11 11 42
Federal Home Loan Bank and Federal Reserve Bank stock 5,444 5,451 16,144 14,903
Brokerage customer receivables 0 269 78 663
Total interest income 963,834 908,604 2,771,707 2,564,096
Interest expense        
Interest on deposits 355,846 362,019 1,009,549 997,254
Interest on Federal Home Loan Bank advances 26,007 26,254 77,172 73,099
Interest on other borrowings 6,887 9,013 20,636 26,961
Interest on subordinated notes 3,717 3,712 11,166 14,384
Interest on junior subordinated debentures 4,367 5,023 13,006 15,011
Total interest expense 396,824 406,021 1,131,529 1,126,709
Net interest income 567,010 502,583 1,640,178 1,437,387
Provision for credit losses 21,768 22,334 67,965 84,068
Net interest income after provision for credit losses 545,242 480,249 1,572,213 1,353,319
Non-interest income        
Wealth management 37,188 37,224 108,051 107,452
Mortgage banking 24,451 15,974 68,150 72,761
Service charges on deposit accounts 19,825 16,430 58,689 46,787
Gains on investment securities, net 2,972 3,189 6,818 233
Fees from covered call options 5,619 988 14,689 7,891
Trading gains (losses), net 172 (130) 259 617
Operating lease income, net 15,466 15,335 45,919 43,383
Other 25,134 24,137 68,975 95,750
Total non-interest income 130,827 113,147 371,550 374,874
Non-interest expense        
Salaries and employee benefits 219,668 211,261 650,735 604,975
Software and equipment 35,027 31,574 106,266 88,536
Operating lease equipment 10,409 10,518 31,637 32,035
Occupancy, net 20,809 19,945 61,815 58,616
Data processing 11,329 9,984 34,713 28,779
Advertising and marketing 19,027 18,239 50,060 48,715
Professional fees 7,465 9,783 25,752 29,303
Amortization of other acquisition-related intangible assets 5,196 4,042 16,394 6,322
FDIC insurance 11,418 10,512 33,315 35,478
Other real estate owned expense, net 262 (938) 1,410 (805)
Other 39,418 35,767 115,482 102,231
Total non-interest expense 380,028 360,687 1,127,579 1,034,185
Income before taxes 296,041 232,709 816,184 694,008
Income tax expense 79,787 62,708 215,364 184,325
Net income 216,254 170,001 600,820 509,683
Preferred stock dividends 13,295 6,991 27,277 20,973
Preferred stock redemption 14,046 0 14,046 0
Net income applicable to common shares $ 188,913 $ 163,010 $ 559,497 $ 488,710
Net income per common share-Basic (usd per share) $ 2.82 $ 2.51 $ 8.37 $ 7.79
Net income per common share-Diluted (usd per share) 2.78 2.47 8.25 7.67
Cash dividends declared per common share (usd per share) $ 0.50 $ 0.45 $ 1.50 $ 1.35
Weighted average common shares outstanding (in shares) 66,952 64,888 66,871 62,743
Dilutive potential common shares (in shares) 1,028 1,053 945 934
Average common shares and dilutive common shares (in shares) 67,980 65,941 67,816 63,677