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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Loans, including fees $ 568,857 $ 551,659 $ 1,116,225 $ 1,092,858
Securities:        
Taxable 66,989 51,578 128,842 96,048
Tax-exempt 27,104 24,372 52,334 48,972
Federal funds sold and other 31,820 40,781 65,529 80,995
Total interest income 694,770 668,390 1,362,930 1,318,873
Interest expense:        
Deposits 284,614 304,449 558,007 605,417
Securities sold under agreements to repurchase 1,222 1,316 2,248 2,715
Federal Home Loan Bank advances and other borrowings 29,401 30,363 58,714 60,445
Total interest expense 315,237 336,128 618,969 668,577
Net interest income 379,533 332,262 743,961 650,296
Provision for credit losses 24,245 30,159 41,205 64,656
Net interest income after provision for credit losses 355,288 302,103 702,756 585,640
Noninterest income:        
Total noninterest income 125,457 34,288 223,883 144,391
Noninterest expense:        
Salaries and employee benefits 181,246 150,117 353,335 296,127
Equipment and occupancy 48,043 41,036 94,223 80,682
Other real estate expense, net 137 22 195 106
Marketing and other business development 8,772 6,776 17,438 12,901
Postage and supplies 3,192 3,135 6,562 5,906
Amortization of intangibles 1,400 1,568 2,817 3,152
Other noninterest expense 43,656 68,735 87,363 114,880
Total noninterest expense 286,446 271,389 561,933 513,754
Income before income taxes 194,299 65,002 364,706 216,277
Income tax expense 35,759 11,840 65,758 39,171
Net income 158,540 53,162 298,948 177,106
Preferred stock dividends (3,798) (3,798) (7,596) (7,596)
Net income available to common shareholders $ 154,742 $ 49,364 $ 291,352 $ 169,510
Per share information:        
Basic net income per common share $ 2.01 $ 0.65 $ 3.79 $ 2.22
Diluted net income per common share $ 2.00 $ 0.64 $ 3.77 $ 2.21
Weighted average common shares outstanding:        
Basic 76,891,035 76,506,121 76,809,244 76,392,287
Diluted 77,277,054 76,644,227 77,212,262 76,531,419
Service charges on deposit accounts        
Noninterest income:        
Total noninterest income $ 17,092 $ 14,563 $ 34,120 $ 28,002
Investment services        
Noninterest income:        
Total noninterest income 19,324 15,720 38,141 30,471
Insurance sales commissions        
Noninterest income:        
Total noninterest income 3,693 3,715 8,367 7,567
Gain on mortgage loans sold, net        
Noninterest income:        
Total noninterest income 1,965 3,270 4,472 6,149
Investment losses on sales, net        
Noninterest income:        
Total noninterest income 0 (72,103) (12,512) (72,103)
Trust fees        
Noninterest income:        
Total noninterest income 9,280 8,323 18,620 15,738
Income from equity method investment        
Noninterest income:        
Total noninterest income 26,027 18,688 46,432 34,723
Gain on sale of fixed assets        
Noninterest income:        
Total noninterest income 202 325 412 383
Other noninterest income        
Noninterest income:        
Total noninterest income $ 47,874 $ 41,787 $ 85,831 $ 93,461