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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Loans, including fees $ 343,776 $ 290,552 $ 674,316 $ 560,267
Securities:        
Taxable 99,012 101,960 197,074 199,735
Tax-exempt 54,579 60,637 109,838 127,271
Interest-bearing deposits 97,639 87,748 198,000 186,993
Federal funds sold 80 305 160 1,063
Resell agreements 1,199 1,126 2,397 2,194
Total interest income 596,285 542,328 1,181,785 1,077,523
Interest expense:        
Deposits 159,260 120,266 314,894 218,255
Federal funds purchased 547 412 991 995
Repurchase agreements 36,302 33,114 72,250 66,765
Junior subordinated deferrable interest debentures 2,300 2,106 4,559 4,094
Subordinated notes 1,164 1,164 2,328 2,328
Total interest expense 199,573 157,062 395,022 292,437
Net interest income 396,712 385,266 786,763 785,086
Credit loss expense 15,787 9,901 29,437 19,005
Net interest income after credit loss expense 380,925 375,365 757,326 766,081
Non-interest income:        
Trust and investment management fees 41,404 39,392 80,489 75,536
Service charges on deposit accounts 26,114 23,487 50,909 45,366
Insurance commissions and fees 13,919 12,940 32,215 31,892
Interchange and card transaction fees 5,351 5,250 9,825 10,139
Other charges, commissions, and fees 13,020 12,090 25,080 23,794
Net gain (loss) on securities transactions 0 33 0 54
Other 11,382 10,336 24,049 22,012
Total non-interest income 111,190 103,528 222,567 208,793
Non-interest expense:        
Salaries and wages 151,237 133,195 299,237 263,540
Employee benefits 28,802 26,792 64,772 60,714
Net occupancy 32,374 31,714 64,152 62,063
Technology, furniture, and equipment 35,951 33,043 70,946 65,524
Deposit insurance 8,383 6,202 23,107 12,447
Other 60,217 54,096 120,967 105,896
Total non-interest expense 316,964 285,042 643,181 570,184
Income before income taxes 175,151 193,851 336,712 404,690
Income taxes 29,652 31,733 55,523 64,919
Net income 145,499 162,118 281,189 339,771
Preferred stock dividends 1,669 1,669 3,338 3,338
Net income available to common shareholders $ 143,830 $ 160,449 $ 277,851 $ 336,433
Earnings per common share:        
Basic $ 2.21 $ 2.47 $ 4.27 $ 5.18
Diluted $ 2.21 $ 2.47 $ 4.27 $ 5.17