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Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income        
Interest and fees on loans $ 292,012 $ 190,740 $ 563,976 $ 368,306
Interest on taxable securities 15,915 7,064 30,215 11,303
Interest on nontaxable securities 339 269 678 455
Interest on deposits in other banks and federal funds sold 13,686 4,495 22,799 5,878
Total interest income 321,952 202,568 617,668 385,942
Interest expense        
Interest on deposits 88,087 4,908 141,269 9,000
Interest on other borrowings 24,325 6,296 55,207 13,034
Total interest expense 112,412 11,204 196,476 22,034
Net interest income 209,540 191,364 421,192 363,908
Provision for loan losses 43,643 13,227 93,019 10,493
Provision for unfunded commitments 1,873 1,779 2,219 10,788
Provision for other credit losses 0 (82) 7 (126)
Provision for credit losses 45,516 14,924 95,245 21,155
Net interest income after provision for credit losses 164,024 176,440 325,947 342,753
Noninterest income        
Service charges on deposit accounts 11,295 11,148 22,231 22,206
Mortgage banking activity 40,742 58,761 72,134 121,699
Other service charges, commissions and fees 975 998 1,946 1,937
Net gain (loss) on securities (6) 248 0 221
Other noninterest income 14,343 12,686 27,088 24,689
Total noninterest income 67,349 83,841 123,399 170,752
Noninterest expense        
Salaries and employee benefits 81,336 81,545 162,246 165,826
Occupancy and equipment 12,522 12,746 25,508 25,473
Data processing and communications expenses 13,451 12,155 26,485 24,727
Credit resolution-related expenses 848 496 1,283 (469)
Advertising and marketing 2,627 3,122 6,159 5,110
Amortization of intangible assets 4,688 5,144 9,394 10,325
Merger and conversion charges 0 0 0 977
Loan servicing expense 8,771 9,920 17,102 18,839
Other noninterest expenses 24,160 17,068 39,647 35,208
Total noninterest expense 148,403 142,196 287,824 286,016
Income before income tax expense 82,970 118,085 161,522 227,489
Income tax expense 20,335 28,019 38,466 55,725
Net income 62,635 90,066 123,056 171,764
Other comprehensive loss        
Net unrealized holding losses arising during period on debt securities available-for-sale, net of tax benefit of $(5,118), $(2,870), $(1,399) and $(7,503) (15,037) (10,794) (4,111) (28,225)
Total other comprehensive loss (15,037) (10,794) (4,111) (28,225)
Comprehensive income $ 47,598 $ 79,272 $ 118,945 $ 143,539
Basic earnings per common share (in dollars per share) $ 0.91 $ 1.30 $ 1.78 $ 2.48
Diluted earnings per common share (in dollars per share) $ 0.91 $ 1.30 $ 1.78 $ 2.47
Weighted average common shares outstanding        
Basic (in shares) 68,990 69,136 69,085 69,246
Diluted (in shares) 69,035 69,316 69,192 69,485