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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:      
Interest and fees on loans $ 808,041 $ 652,095 $ 476,041
Taxable interest and dividends on securities 90,582 101,233 118,690
Non-taxable interest and dividends on securities 5,766 5,736 7,179
Interest on federal funds sold and other short-term investments 42,377 37,395 3,271
Total interest and dividend income 946,766 796,459 605,181
Interest expense:      
Interest on deposits 337,367 226,075 28,621
Interest on borrowings 1,802 19,975 8,506
Total interest expense 339,169 246,050 37,127
Net interest income 607,597 550,409 568,054
Provision for allowance for loan losses 67,380 20,052 17,925
Net interest income after provision for allowance for loan losses 540,217 530,357 550,129
Noninterest income (loss):      
Trust and investment advisory fees 46,126 24,264 23,593
Service charges on deposit accounts 32,004 28,631 30,392
Debit card processing fees 14,177 13,469 12,644
Interest rate swap income 2,819 1,536 6,009
Income (losses) from investments held in rabbi trusts 9,675 9,305 (10,762)
Losses on sale of commercial and industrial loans 0 (2,738) 0
(Losses) gains on sales of mortgage loans held for sale, net (920) (507) 248
Losses on sales of securities available for sale, net (16,798) (333,170) (3,157)
Other 36,834 21,457 17,783
Total noninterest income (loss) 123,917 (237,753) 76,750
Noninterest expense:      
Salaries and employee benefits 302,345 253,037 233,097
Office occupancy and equipment 46,515 35,992 37,445
Data processing 75,383 55,308 52,938
Professional services 20,073 17,385 15,805
Marketing 7,824 7,592 9,294
FDIC insurance 13,866 21,874 6,250
Amortization of other intangible assets 14,569 1,804 1,198
Other 27,793 25,610 32,622
Total noninterest expense 508,368 418,602 388,649
Income (loss) from continuing operations before income tax expense 155,766 (125,998) 238,230
Income tax expense (benefit) 36,205 (63,309) 51,719
Net income (loss) from continuing operations 119,561 (62,689) 186,511
Net income from discontinued operations 0 294,866 13,248
Net income $ 119,561 $ 232,177 $ 199,759
Basic earnings per share      
Basic earnings (loss) per share from continuing operations (in dollars per share) $ 0.66 $ (0.39) $ 1.13
Basic earnings per share from discontinued operations (in dollars per share) 0 1.82 0.08
Basic earnings per share (in dollars per share) 0.66 1.43 1.21
Diluted earnings per share:      
Diluted earnings (loss) per share from continuing operations (in dollars per share) 0.66 (0.39) 1.13
Diluted earnings per share from discontinued operations (in dollars per share) 0 1.82 0.08
Diluted earnings per share (in dollars per share) $ 0.66 $ 1.43 $ 1.21