XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income:        
Loans, including fees $ 290,552 $ 166,679 $ 560,267 $ 316,656
Securities:        
Taxable 101,960 56,365 199,735 99,423
Tax-exempt 60,637 57,078 127,271 113,944
Interest-bearing deposits 87,748 26,371 186,993 32,714
Federal funds sold 305 99 1,063 112
Resell agreements 1,126 10 2,194 14
Total interest income 542,328 306,602 1,077,523 562,863
Interest expense:        
Deposits 120,266 14,593 218,255 19,505
Federal funds purchased 412 75 995 87
Repurchase agreements 33,114 1,790 66,765 2,308
Junior subordinated deferrable interest debentures 2,106 772 4,094 1,356
Subordinated notes 1,164 1,164 2,328 2,328
Total interest expense 157,062 18,394 292,437 25,584
Net interest income 385,266 288,208 785,086 537,279
Credit loss expense 9,901 0 19,005 0
Net interest income after credit loss expense 375,365 288,208 766,081 537,279
Non-interest income:        
Trust and investment management fees 39,392 37,776 75,536 76,432
Service charges on deposit accounts 23,487 23,870 45,366 46,610
Insurance commissions and fees 12,940 11,776 31,892 28,384
Interchange and card transaction fees 5,250 4,911 10,139 9,137
Other charges, commissions and fees 12,090 9,887 23,794 19,514
Net gain (loss) on securities transactions 33 0 54 0
Other 10,336 9,707 22,012 19,240
Total non-interest income 103,528 97,927 208,793 199,317
Non-interest expense:        
Salaries and wages 133,195 116,881 263,540 228,210
Employee benefits 26,792 20,733 60,714 44,953
Net occupancy 31,714 28,379 62,063 55,790
Technology, furniture and equipment 33,043 29,921 65,524 59,078
Deposit insurance 6,202 3,724 12,447 7,357
Intangible amortization 82 131 178 277
Other 54,014 46,578 105,718 89,414
Total non-interest expense 285,042 246,347 570,184 485,079
Income before income taxes 193,851 139,788 404,690 251,517
Income taxes 31,733 20,674 64,919 33,301
Net income 162,118 119,114 339,771 218,216
Preferred stock dividends 1,669 1,669 3,338 3,338
Net income available to common shareholders $ 160,449 $ 117,445 $ 336,433 $ 214,878
Earnings per common share:        
Basic $ 2.47 $ 1.82 $ 5.18 $ 3.32
Diluted $ 2.47 $ 1.81 $ 5.17 $ 3.31