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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Interest and fees on loans $ 1,172,162 $ 834,969 $ 676,089
Interest on taxable securities 59,002 34,656 22,524
Interest on nontaxable securities 1,335 1,176 575
Interest on deposits in other banks 47,936 23,008 3,882
Interest on federal funds sold 0 77 42
Total interest income 1,280,435 893,886 703,112
Interest expense      
Interest on deposits 356,017 56,105 22,357
Interest on other borrowings 89,374 36,755 25,428
Total interest expense 445,391 92,860 47,785
Net interest income 835,044 801,026 655,327
Provision for loan losses 153,515 52,610 (35,081)
Provision for unfunded commitments (10,853) 19,226 332
Provision for other credit losses (6) (139) (616)
Provision for credit losses 142,656 71,697 (35,365)
Net interest income after provision for credit losses 692,388 729,329 690,692
Noninterest income      
Service charges on deposit accounts 46,575 44,499 45,106
Mortgage banking activity 139,885 184,904 285,900
Other service charges, commissions and fees 4,401 3,875 4,188
Net gain (loss) on securities (304) 203 515
Gain on sale of SBA loans 1,557 5,552 6,623
Other noninterest income 50,714 45,391 23,212
Total noninterest income 242,828 284,424 365,544
Noninterest expense      
Salaries and employee benefits 320,110 319,719 337,776
Occupancy and equipment 51,450 51,361 48,066
Advertising and marketing 11,856 12,481 8,434
Amortization of intangible assets 18,244 19,744 14,965
Data processing and communications expenses 53,486 49,228 45,976
Legal and other professional fees 17,726 16,439 11,920
Credit resolution-related expenses 80 29 3,538
Merger and conversion charges 0 1,212 4,206
FDIC insurance 26,940 8,063 5,614
Loan servicing expenses 35,283 36,835 26,481
Other noninterest expenses 43,106 45,544 53,148
Total noninterest expense 578,281 560,655 560,124
Income before income tax expense 356,935 453,098 496,112
Income tax expense 87,830 106,558 119,199
Net income $ 269,105 $ 346,540 $ 376,913
Basic earnings per common share (in dollars per share) $ 3.90 $ 5.01 $ 5.43
Diluted earnings per common share (in dollars per share) $ 3.89 $ 4.99 $ 5.40
Weighted average common shares outstanding      
Basic (in shares) 68,977,453 69,193,591 69,431,860
Diluted (in shares) 69,104,158 69,419,721 69,761,394