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Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income        
Interest and fees on loans $ 304,699 $ 216,400 $ 868,675 $ 584,706
Interest on taxable securities 14,754 10,324 44,969 21,627
Interest on nontaxable securities 331 363 1,009 818
Interest on deposits in other banks and federal funds sold 10,769 7,215 33,568 13,093
Total interest income 330,553 234,302 948,221 620,244
Interest expense        
Interest on deposits 102,999 14,034 244,268 23,034
Interest on other borrowings 19,803 7,287 75,010 20,321
Total interest expense 122,802 21,321 319,278 43,355
Net interest income 207,751 212,981 628,943 576,889
Provision for loan losses 30,095 17,469 123,114 27,962
Provision for unfunded commitments (5,634) 192 (3,415) 10,980
Provision for other credit losses (2) (9) 5 (135)
Provision for credit losses 24,459 17,652 119,704 38,807
Net interest income after provision for credit losses 183,292 195,329 509,239 538,082
Noninterest income        
Service charges on deposit accounts 12,092 11,168 34,323 33,374
Mortgage banking activity 36,290 40,350 108,424 162,049
Other service charges, commissions and fees 1,221 970 3,167 2,907
Net gain (loss) on securities (16) (21) (16) 200
Other noninterest income 13,594 12,857 40,682 37,546
Total noninterest income 63,181 65,324 186,580 236,076
Noninterest expense        
Salaries and employee benefits 81,898 78,697 244,144 244,523
Occupancy and equipment 12,745 12,983 38,253 38,456
Data processing and communications expenses 12,973 12,015 39,458 36,742
Credit resolution-related expenses (1,360) 126 (77) (343)
Advertising and marketing 2,723 3,553 8,882 8,663
Amortization of intangible assets 4,425 4,710 13,819 15,035
Merger and conversion charges 0 0 0 977
Loan servicing expense 9,290 9,613 26,392 28,452
Other noninterest expenses 18,752 17,881 58,399 53,089
Total noninterest expense 141,446 139,578 429,270 425,594
Income before income tax expense 105,027 121,075 266,549 348,564
Income tax expense 24,912 28,520 63,378 84,245
Net income 80,115 92,555 203,171 264,319
Other comprehensive loss        
Net unrealized holding losses arising during period on debt securities available-for-sale, net of tax benefit of $(3,472), $(10,128), $(4,871) and $(17,631) (10,200) (38,099) (14,311) (66,324)
Total other comprehensive loss (10,200) (38,099) (14,311) (66,324)
Comprehensive income $ 69,915 $ 54,456 $ 188,860 $ 197,995
Basic earnings per common share (in dollars per share) $ 1.16 $ 1.34 $ 2.94 $ 3.82
Diluted earnings per common share (in dollars per share) $ 1.16 $ 1.34 $ 2.94 $ 3.81
Weighted average common shares outstanding        
Basic (in shares) 68,879 69,125 69,023 69,213
Diluted (in shares) 68,994 69,327 69,130 69,428