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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans, including fees $ 205,932 $ 168,779 $ 522,588 $ 518,957
Securities:        
Taxable 68,311 20,736 167,734 61,366
Tax-exempt 59,450 56,882 173,394 169,656
Interest-bearing deposits 74,257 5,830 106,971 11,877
Federal funds sold 316 2 428 13
Resell agreements 64 6 78 11
Total interest income 408,330 252,235 971,193 761,880
Interest expense:        
Deposits 42,682 3,677 62,187 10,693
Federal funds purchased 249 9 336 24
Repurchase agreements 7,529 632 9,837 1,597
Junior subordinated deferrable interest debentures 1,159 631 2,515 1,915
Subordinated notes 1,164 1,164 3,492 3,492
Total interest expense 52,783 6,113 78,367 17,721
Net interest income 355,547 246,122 892,826 744,159
Credit loss expense 0 0 0 63
Net interest income after credit loss expense 355,547 246,122 892,826 744,096
Non-interest income:        
Trust and investment management fees 38,552 37,381 114,984 110,569
Service charges on deposit accounts 22,960 21,216 69,570 61,058
Insurance commissions and fees 13,152 11,748 41,536 39,834
Interchange and card transaction fees 4,614 4,490 13,751 13,224
Other charges, commissions and fees 11,095 9,785 30,609 26,729
Net gain (loss) on securities transactions 0 0 0 0
Other 9,448 8,569 28,688 26,258
Total non-interest income 99,821 93,189 299,138 277,672
Non-interest expense:        
Salaries and wages 127,189 99,463 355,399 289,956
Employee benefits 21,680 21,576 66,633 62,840
Net occupancy 28,133 27,208 83,923 79,909
Technology, furniture and equipment 30,781 28,494 89,859 84,508
Deposit insurance 4,279 3,088 11,636 8,893
Intangible amortization 103 157 380 544
Other 45,733 38,017 135,147 116,749
Total non-interest expense 257,898 218,003 742,977 643,399
Income before income taxes 197,470 121,308 448,987 378,369
Income taxes 27,710 13,333 61,011 36,311
Net income 169,760 107,975 387,976 342,058
Preferred stock dividends 1,668 1,668 5,006 5,488
Net income available to common shareholders $ 168,092 $ 106,307 $ 382,970 $ 336,570
Earnings per common share:        
Basic $ 2.60 $ 1.66 $ 5.92 $ 5.25
Diluted $ 2.59 $ 1.65 $ 5.90 $ 5.22