XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Interest and fees on loans $ 303,393 $ 271,964
Interest on taxable securities 13,092 14,300
Interest on nontaxable securities 330 339
Interest on deposits in other banks and federal funds sold 12,637 9,113
Total interest income 329,452 295,716
Interest expense    
Interest on deposits 118,174 53,182
Interest on other borrowings 9,890 30,882
Total interest expense 128,064 84,064
Net interest income 201,388 211,652
Provision for loan losses 25,523 49,376
Provision for unfunded commitments (4,422) 346
Provision for other credit losses 4 7
Provision for credit losses 21,105 49,729
Net interest income after provision for credit losses 180,283 161,923
Noninterest income    
Service charges on deposit accounts 11,759 10,936
Mortgage banking activity 39,430 31,392
Other service charges, commissions and fees 1,202 971
Net gain (loss) on securities (7) 6
Other noninterest income 13,494 12,745
Total noninterest income 65,878 56,050
Noninterest expense    
Salaries and employee benefits 82,930 80,910
Occupancy and equipment 12,885 12,986
Data processing and communications expenses 14,654 13,034
Credit resolution-related expenses 486 435
Advertising and marketing 2,545 3,532
Amortization of intangible assets 4,422 4,706
Loan servicing expense 9,439 8,331
Other noninterest expenses 21,350 15,487
Total noninterest expense 148,711 139,421
Income before income tax expense 97,450 78,552
Income tax expense 23,138 18,131
Net income 74,312 60,421
Other comprehensive income (loss)    
Net unrealized holding gains (losses) arising during period on debt securities available-for-sale, net of tax expense (benefit) of $(1,399) and $3,719 (4,020) 10,926
Total other comprehensive income (loss) (4,020) 10,926
Comprehensive income $ 70,292 $ 71,347
Basic earnings per common share (in dollars per share) $ 1.08 $ 0.87
Diluted earnings per common share (in dollars per share) $ 1.08 $ 0.87
Weighted average common shares outstanding    
Basic (in shares) 68,808,393 69,171,562
Diluted (in shares) 69,014,116 69,322,664