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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and dividend income:    
Interest and fees on loans $ 169,981 $ 153,540
Taxable interest and dividends on securities 23,373 28,642
Non-taxable interest and dividends on securities 1,437 1,434
Interest on federal funds sold and other short-term investments 7,820 5,264
Total interest and dividend income 202,611 188,880
Interest expense:    
Interest on deposits 72,458 42,933
Interest on borrowings 253 7,638
Total interest expense 72,711 50,571
Net interest income 129,900 138,309
Provision for allowance for loan losses 7,451 25
Net interest income after provision for allowance for loan losses 122,449 138,284
Noninterest income (loss):    
Service charges on deposit accounts 7,508 6,472
Trust and investment advisory fees 6,544 5,770
Debit card processing fees 3,247 3,170
Interest rate swap income (losses) 667 (408)
Income from investments held in rabbi trusts 4,318 2,857
Losses on sales of mortgage loans held for sale, net (58) (74)
Losses on sales of securities available for sale, net 0 (333,170)
Other 5,466 5,530
Total noninterest income (loss) 27,692 (309,853)
Noninterest expense:    
Salaries and employee benefits 64,471 62,183
Office occupancy and equipment 9,184 9,089
Data processing 16,509 12,298
Professional services 3,512 3,127
Marketing expenses 1,515 1,023
Loan expenses 1,170 1,095
FDIC insurance 2,285 2,546
Amortization of core deposit intangible asset 504 291
Other 2,052 4,239
Total noninterest expense 101,202 95,891
Income (loss) from continuing operations before income tax expense (benefit) 48,939 (267,460)
Income tax expense (benefit) 10,292 (65,379)
Net income (loss) from continuing operations 38,647 (202,081)
Net income from discontinued operations 0 7,985
Net income (loss) $ 38,647 $ (194,096)
Basic earnings (loss) per share:    
Basic earnings (loss) per share from continuing operations (in dollars per share) $ 0.24 $ (1.25)
Basic (loss) earnings per share from discontinued operations (in dollars per share) 0 0.05
Basic earnings (loss) per share (in dollars per share) 0.24 (1.20)
Diluted earnings (loss) per share:    
Diluted earnings (loss) per share from continuing operations (in dollars per share) 0.24 (1.25)
Diluted (loss) earnings per share from discontinued operations (in dollars per share) 0 0.05
Diluted earnings per share (in dollars per share) $ 0.24 $ (1.20)