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Consolidated Statements of Income (Loss) (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 LHFS & LHFI $ 213,095 $ 189,573 $ 419,187 $ 365,082
Interest on securities:        
Taxable 17,929 16,779 33,563 33,540
Tax exempt 1 54 4 127
Interest on federal funds sold and securities purchased under reverse repurchase agreements 2 45 3 75
Other interest income 8,124 12,077 16,234 18,604
Total Interest Income 239,151 218,528 468,991 417,428
Interest Expense        
Interest on deposits 83,681 54,409 167,397 95,307
Interest on federal funds purchased and securities sold under repurchase agreements 5,663 4,865 11,254 9,697
Other interest expense 8,778 19,350 16,481 34,925
Total Interest Expense 98,122 78,624 195,132 139,929
Net Interest Income 141,029 139,904 273,859 277,499
PCL, off-balance sheet credit exposures (3,600) 245 (3,792) (1,997)
Net Interest Income After PCL 121,300 131,448 246,614 268,041
Noninterest Income (Loss)        
Service charges on deposit accounts 10,924 10,695 21,882 21,031
Bank card and other fees 9,225 8,917 16,653 16,720
Mortgage banking, net 4,204 6,600 13,119 14,239
Wealth management 9,692 8,882 18,644 17,662
Other, net 7,461 2,735 10,563 5,255
Security gains (losses), net (182,792) 0 (182,792) 0
Total Noninterest Income (Loss) (141,286) 37,829 (101,931) 74,907
Noninterest Expense        
Salaries and employee benefits 64,838 66,799 130,325 131,571
Services and fees 24,743 27,821 49,174 52,855
Net occupancy - premises 7,265 6,897 14,535 14,212
Equipment expense 6,241 6,337 12,566 12,632
Other expense 15,239 13,767 31,390 27,940
Total Noninterest Expense 118,326 121,621 237,990 239,210
Income (Loss) From Continuing Operations Before Income Taxes (138,312) 47,656 (93,307) 103,738
Income taxes from continuing operations (37,707) 6,452 (30,875) 14,889
Income (Loss) From Continuing Operations (100,605) 41,204 (62,432) 88,849
Income from discontinued operations before income taxes 232,640 5,127 237,152 8,688
Income taxes from discontinued operations 58,203 1,294 59,353 2,200
Income From Discontinued Operations 174,437 3,833 177,799 6,488
Net Income (loss) $ 73,832 $ 45,037 $ 115,367 $ 95,337
Earnings (Loss) Per Share (EPS)        
Basic EPS from continuing operations $ (1.64) $ 0.67 $ (1.02) $ 1.46
Basic EPS from discontinued operations 2.85 0.06 2.91 0.11
Basic EPS [1] 1.21 0.74 1.89 1.56
Diluted EPS from continuing operations (1.64) 0.67 (1.02) 1.45
Diluted EPS from discontinued operations 2.84 0.06 2.9 0.11
Diluted EPS [1] $ 1.2 $ 0.74 $ 1.88 $ 1.56
Loans Held for Investment [Member]        
Interest Expense        
PCL, LHFI $ 14,696 $ 8,211 $ 22,404 $ 11,455
1-4 Family Mortgage Loans [Member]        
Interest Expense        
PCL, LHFI $ 8,633 $ 0 $ 8,633 $ 0
[1] Due to rounding, earnings (loss) per share from continuing operations and discontinued operations may not sum to earnings per share from net income.