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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income:        
Loans $ 180,241 $ 118,465 $ 503,006 $ 316,741
Debt securities:        
Taxable 10,141 7,766 29,046 19,670
Nontaxable 5,700 4,976 16,956 13,444
Interest-earning deposits 4,509 4,190 7,799 7,502
Dividends on equity securities 315 298 1,029 988
Total interest income 200,906 135,695 557,836 358,345
Interest expense:        
Deposits 55,354 8,687 121,387 15,396
Subordinated debentures and notes 2,466 2,313 7,306 6,790
FHLB advances 141 103 2,752 495
Other borrowings 1,306 302 4,531 596
Total interest expense 59,267 11,405 135,976 23,277
Net interest income 141,639 124,290 421,860 335,068
Provision (benefit) for credit losses 8,030 676 18,552 (2,734)
Net interest income after provision (benefit) for credit losses 133,609 123,614 403,308 337,802
Noninterest income:        
Total noninterest income 12,085 9,454 43,273 42,289
Noninterest expense:        
Employee compensation and benefits 40,771 36,999 124,915 108,854
Occupancy 4,198 4,497 12,213 13,392
Data processing 3,830 3,543 11,201 9,914
Professional fees 1,407 1,597 4,604 4,316
Other expense 38,438 22,207 102,650 60,591
Total noninterest expense 88,644 68,843 255,583 197,067
Income before income tax expense 57,050 64,225 190,998 183,024
Income tax expense 12,385 14,025 41,468 39,982
Net income 44,665 50,200 149,530 143,042
Dividends on preferred stock 938 937 2,813 3,104
Net income available to common shareholders $ 43,727 $ 49,263 $ 146,717 $ 139,938
Earnings per common share        
Basic (usd per share) $ 1.17 $ 1.32 $ 3.93 $ 3.74
Diluted (usd per share) $ 1.17 $ 1.32 $ 3.91 $ 3.73
Deposit service charges        
Noninterest income:        
Total noninterest income $ 4,187 $ 4,951 $ 12,225 $ 13,863
Wealth management revenue        
Noninterest income:        
Total noninterest income 2,614 2,432 7,602 7,587
Card services revenue        
Noninterest income:        
Total noninterest income 2,560 2,652 7,362 9,206
Tax credit income (loss)        
Noninterest income:        
Total noninterest income (2,673) (3,625) (492) 169
Other income        
Noninterest income:        
Total noninterest income $ 5,397 $ 3,044 $ 16,576 $ 11,464