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Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income        
Interest and fees on loans $ 317,664 $ 292,012 $ 621,057 $ 563,976
Interest on taxable securities 16,948 15,915 30,040 30,215
Interest on nontaxable securities 335 339 665 678
Interest on deposits in other banks and federal funds sold 12,376 13,686 25,013 22,799
Total interest income 347,323 321,952 676,775 617,668
Interest expense        
Interest on deposits 121,245 88,087 239,419 141,269
Interest on other borrowings 14,157 24,325 24,047 55,207
Total interest expense 135,402 112,412 263,466 196,476
Net interest income 211,921 209,540 413,309 421,192
Provision for loan losses 25,348 43,643 50,871 93,019
Provision for unfunded commitments (6,570) 1,873 (10,992) 2,219
Provision for other credit losses (5) 0 (1) 7
Provision for credit losses 18,773 45,516 39,878 95,245
Net interest income after provision for credit losses 193,148 164,024 373,431 325,947
Noninterest income        
Service charges on deposit accounts 12,672 11,295 24,431 22,231
Mortgage banking activity 46,399 40,742 85,829 72,134
Other service charges, commissions and fees 1,211 975 2,413 1,946
Net gain (loss) on securities 12,335 (6) 12,328 0
Other noninterest income 16,094 14,343 29,588 27,088
Total noninterest income 88,711 67,349 154,589 123,399
Noninterest expense        
Salaries and employee benefits 88,201 81,336 171,131 162,246
Occupancy and equipment 12,559 12,522 25,444 25,508
Data processing and communications expenses 15,193 13,451 29,847 26,485
Credit resolution-related expenses 840 848 1,326 1,283
Advertising and marketing 3,571 2,627 6,116 6,159
Amortization of intangible assets 4,407 4,688 8,829 9,394
Loan servicing expense 9,792 8,771 19,231 17,102
Other noninterest expenses 20,794 24,160 42,144 39,647
Total noninterest expense 155,357 148,403 304,068 287,824
Income before income tax expense 126,502 82,970 223,952 161,522
Income tax expense 35,717 20,335 58,855 38,466
Net income 90,785 62,635 165,097 123,056
Other comprehensive income (loss)        
Net unrealized holding gains (losses) arising during period on debt securities available-for-sale, net of tax expense (benefit) of $682, $(5,118), $(717) and $(1,399) 1,939 (15,037) (2,081) (4,111)
Total other comprehensive income (loss) 1,939 (15,037) (2,081) (4,111)
Comprehensive income $ 92,724 $ 47,598 $ 163,016 $ 118,945
Basic earnings per common share (in dollars per share) $ 1.32 $ 0.91 $ 2.40 $ 1.78
Diluted earnings per common share (in dollars per share) $ 1.32 $ 0.91 $ 2.39 $ 1.78
Weighted average common shares outstanding        
Basic (in shares) 68,824,150 68,989,549 68,818,618 69,084,746
Diluted (in shares) 69,013,834 69,034,762 69,010,010 69,191,512