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Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Interest and fees on loans $ 304,168 $ 303,393
Interest on taxable securities 18,492 13,092
Interest on nontaxable securities 329 330
Interest on deposits in other banks and federal funds sold 10,789 12,637
Total interest income 333,778 329,452
Interest expense    
Interest on deposits 105,215 118,174
Interest on other borrowings 6,724 9,890
Total interest expense 111,939 128,064
Net interest income 221,839 201,388
Provision for loan losses 16,519 25,523
Provision for unfunded commitments 5,373 (4,422)
Provision for other credit losses 0 4
Provision for credit losses 21,892 21,105
Net interest income after provision for credit losses 199,947 180,283
Noninterest income    
Service charges on deposit accounts 13,133 11,759
Mortgage banking activity 35,254 39,430
Other service charges, commissions and fees 1,109 1,202
Net gain (loss) on securities 40 (7)
Equipment finance activity 6,698 5,336
Other noninterest income 7,789 8,158
Total noninterest income 64,023 65,878
Noninterest expense    
Salaries and employee benefits 86,615 82,930
Occupancy and equipment 10,677 12,885
Data processing and communications expenses 14,855 14,654
Credit resolution-related expenses 765 486
Advertising and marketing 2,883 2,467
Amortization of intangible assets 4,103 4,422
Loan servicing expense 7,823 9,439
Other noninterest expenses 23,313 21,428
Total noninterest expense 151,034 148,711
Income before income tax expense 112,936 97,450
Income tax expense 25,001 23,138
Net income 87,935 74,312
Other comprehensive income (loss)    
Net unrealized holding gains (losses) arising during period on debt securities available-for-sale, net of tax expense (benefit) of $5,220 and $(1,399) 15,689 (4,020)
Total other comprehensive income (loss) 15,689 (4,020)
Comprehensive income $ 103,624 $ 70,292
Basic earnings per common share (in dollars per share) $ 1.28 $ 1.08
Diluted earnings per common share (in dollars per share) $ 1.27 $ 1.08
Weighted average common shares outstanding    
Basic (in shares) 68,785,458 68,808,393
Diluted (in shares) 69,030,331 69,014,116