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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income:      
Interest and fees on loans $ 652,095 $ 476,041 $ 367,585
Taxable interest and dividends on available for sale securities 101,233 118,690 58,312
Non-taxable interest and dividends on available for sale securities 5,736 7,179 7,376
Interest on federal funds sold and other short-term investments 37,395 3,271 1,886
Total interest and dividend income 796,459 605,181 435,159
Interest expense:      
Interest on deposits 226,075 28,621 5,167
Interest on borrowings 19,975 8,506 165
Total interest expense 246,050 37,127 5,332
Net interest income 550,409 568,054 429,827
Provision for (release of) allowance for loan losses 20,052 17,925 (9,686)
Net interest income after provision for (release of) allowance for loan losses 530,357 550,129 439,513
Noninterest (loss) income:      
Service charges on deposit accounts 28,631 30,392 24,271
Trust and investment advisory fees 24,264 23,593 24,588
Debit card processing fees 13,469 12,644 12,118
Interest rate swap income 1,536 6,009 5,634
Income (losses) from investments held in rabbi trusts 9,305 (10,762) 10,217
Losses on sale of commercial and industrial loans (2,738) 0 0
(Losses) gains on sales of mortgage loans held for sale, net (507) 248 3,605
(Losses) gains on sales of securities available for sale, net (333,170) (3,157) 1,166
Other 21,457 17,783 15,838
Total noninterest (loss) income (237,753) 76,750 97,437
Noninterest expense:      
Salaries and employee benefits 253,037 233,097 227,624
Office occupancy and equipment 35,992 37,445 37,261
Data processing 55,308 52,938 46,415
Professional services 17,385 15,805 21,283
Marketing 7,592 9,294 8,500
Loan expenses 4,466 6,384 9,114
FDIC insurance 21,874 6,250 4,226
Amortization of core deposit intangible asset 1,804 1,198 219
Other 21,144 26,238 6,313
Total noninterest expense 418,602 388,649 360,955
(Loss) income from continuing operations before income tax expense (125,998) 238,230 175,995
Income tax (benefit) expense (63,309) 51,719 30,464
Net (loss) income from continuing operations (62,689) 186,511 145,531
Net income from discontinued operations 294,866 13,248 9,134
Net income $ 232,177 $ 199,759 $ 154,665
Basic earnings per share      
Basic (loss) earnings per share from continuing operations (in dollars per share) $ (0.39) $ 1.13 $ 0.85
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 1.82 0.08 0.05
Basic earnings per share (in dollars per share) 1.43 1.21 0.90
Diluted earnings per share:      
Diluted (loss) earnings per share from continuing operations (in dollars per share) (0.39) 1.13 0.85
Diluted earnings per share from discontinued operations (in dollars per share) 1.82 0.08 0.05
Diluted earnings per share (in dollars per share) $ 1.43 $ 1.21 $ 0.90