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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Loans and leases $ 1,496,357 $ 1,312,580 $ 996,457
Investment securities 174,996 209,751 153,468
Deposits in financial institutions 299,647 34,158 8,804
Total interest income 1,971,000 1,556,489 1,158,729
Interest expense:      
Deposits 748,423 200,449 27,808
Borrowings 416,744 25,645 623
Subordinated debt 58,705 39,633 26,474
Total interest expense 1,223,872 265,727 54,905
Net interest income 747,128 1,290,762 1,103,824
Provision for credit losses 52,000 24,500 (162,000)
Net interest income after provision for credit losses 695,128 1,266,262 1,265,824
Noninterest income:      
Other commissions and fees 38,086 43,635 42,287
Leased equipment income 63,167 50,586 45,746
Service charges on deposit accounts 16,468 13,991 13,269
(Loss) gain on sale of loans and leases (161,346) 518 1,733
(Loss) gain on sale of securities (442,413) (50,321) 1,615
Dividends and gains (losses) on equity investments 15,731 (3,389) 23,115
Warrant (loss) income (718) 2,490 49,341
LOCOM HFS Adjustment (8,461) 0 0
Other income 31,201 17,317 16,821
Total noninterest income (448,285) 74,827 193,927
Noninterest expense:      
Compensation 332,353 406,839 368,450
Occupancy 61,668 60,964 58,422
Leased equipment depreciation 34,243 35,658 35,755
Data processing 44,252 38,177 30,277
Insurance and assessments 135,666 25,486 17,365
Other professional services 24,623 30,278 21,492
Customer related expense 124,104 55,273 20,504
Intangible asset amortization 11,419 13,576 12,734
Loan expense 20,458 24,572 17,031
Acquisition, integration and reorganization costs 142,633 5,703 9,415
Goodwill impairment 1,376,736 29,000 0
Other expense 150,026 47,995 45,972
Total noninterest expense 2,458,181 773,521 637,417
(Loss) earnings before income taxes (2,211,338) 567,568 822,334
Income tax (benefit) expense 312,201 (143,955) (215,375)
Net (loss) earnings $ (1,899,137) $ 423,613 $ 606,959
Basic income per share (usd per share) $ (22.71) $ 5.14 $ 7.76
Diluted income per share (usd per share) $ (22.71) $ 5.14 $ 7.76
Preferred Stock Dividends, Income Statement Impact $ 39,788 $ 19,339 $ 0
Net Income (Loss) Available to Common Stockholders, Diluted (1,938,925) 404,274 606,959
Net Income (Loss) Available to Common Stockholders, Basic $ (1,938,925) $ 404,274 $ 606,959