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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income:        
Loans, including fees $ 307,035 $ 205,932 $ 867,302 $ 522,588
Securities:        
Taxable 103,875 68,311 303,610 167,734
Tax-exempt 56,918 59,450 184,189 173,394
Interest-bearing deposits 91,904 74,257 278,897 106,971
Federal funds sold 183 316 1,246 428
Resell agreements 1,197 64 3,391 78
Total interest income 561,112 408,330 1,638,635 971,193
Interest expense:        
Deposits 138,779 42,682 357,034 62,187
Federal funds purchased 288 249 1,283 336
Repurchase agreements 33,195 7,529 99,960 9,837
Junior subordinated deferrable interest debentures 2,260 1,159 6,354 2,515
Subordinated notes 1,164 1,164 3,492 3,492
Total interest expense 175,686 52,783 468,123 78,367
Net interest income 385,426 355,547 1,170,512 892,826
Credit loss expense 11,185 0 30,190 0
Net interest income after credit loss expense 374,241 355,547 1,140,322 892,826
Non-interest income:        
Trust and investment management fees 37,616 38,552 113,152 114,984
Service charges on deposit accounts 23,603 22,960 68,969 69,570
Insurance commissions and fees 13,636 13,152 45,528 41,536
Interchange and card transaction fees 4,672 4,614 14,811 13,751
Other charges, commissions, and fees 13,128 11,095 36,922 30,609
Net gain (loss) on securities transactions 12 0 66 0
Other 13,331 9,448 35,343 28,688
Total non-interest income 105,998 99,821 314,791 299,138
Non-interest expense:        
Salaries and wages 137,562 127,189 401,102 355,399
Employee benefits 26,527 21,680 87,241 66,633
Net occupancy 31,581 28,133 93,644 83,923
Technology, furniture, and equipment 35,278 30,781 100,802 89,859
Deposit insurance 6,033 4,279 18,480 11,636
Other 56,275 45,836 162,171 135,527
Total non-interest expense 293,256 257,898 863,440 742,977
Income before income taxes 186,983 197,470 591,673 448,987
Income taxes 31,332 27,710 96,251 61,011
Net income 155,651 169,760 495,422 387,976
Preferred stock dividends 1,668 1,668 5,006 5,006
Net income available to common shareholders $ 153,983 $ 168,092 $ 490,416 $ 382,970
Earnings per common share:        
Basic $ 2.38 $ 2.60 $ 7.56 $ 5.92
Diluted $ 2.38 $ 2.59 $ 7.54 $ 5.90