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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Loans, including fees $ 357,122 $ 307,035 $ 1,031,438 $ 867,302
Securities:        
Taxable 99,561 103,875 296,635 303,610
Tax-exempt 54,618 56,918 164,456 184,189
Interest-bearing deposits 96,215 91,904 294,215 278,897
Federal funds sold 63 183 223 1,246
Resell agreements 580 1,197 2,977 3,391
Total interest income 608,159 561,112 1,789,944 1,638,635
Interest expense:        
Deposits 164,328 138,779 479,222 357,034
Federal funds purchased 271 288 1,262 1,283
Repurchase agreements 35,868 33,195 108,118 99,960
Junior subordinated deferrable interest debentures 2,197 2,260 6,756 6,354
Subordinated notes 1,164 1,164 3,492 3,492
Total interest expense 203,828 175,686 598,850 468,123
Net interest income 404,331 385,426 1,191,094 1,170,512
Credit loss expense 19,386 11,185 48,823 30,190
Net interest income after credit loss expense 384,945 374,241 1,142,271 1,140,322
Non-interest income:        
Trust and investment management fees 41,016 37,616 121,505 113,152
Service charges on deposit accounts 27,412 23,603 78,321 68,969
Insurance commissions and fees 14,839 13,636 47,054 45,528
Interchange and card transaction fees 5,428 4,672 15,253 14,811
Other charges, commissions, and fees 13,060 13,128 38,140 36,922
Net gain (loss) on securities transactions 16 12 16 66
Other 11,936 13,331 35,985 35,343
Total non-interest income 113,707 105,998 336,274 314,791
Non-interest expense:        
Salaries and wages 156,637 137,562 455,874 401,102
Employee benefits 29,060 26,527 93,832 87,241
Net occupancy 32,497 31,581 96,649 93,644
Technology, furniture, and equipment 37,766 35,278 108,712 100,802
Deposit insurance 7,238 6,033 30,345 18,480
Other 60,212 56,275 181,179 162,171
Total non-interest expense 323,410 293,256 966,591 863,440
Income before income taxes 175,242 186,983 511,954 591,673
Income taxes 28,741 31,332 84,264 96,251
Net income 146,501 155,651 427,690 495,422
Preferred stock dividends 1,668 1,668 5,006 5,006
Net income available to common shareholders $ 144,833 $ 153,983 $ 422,684 $ 490,416
Earnings per common share:        
Basic $ 2.24 $ 2.38 $ 6.52 $ 7.56
Diluted $ 2.24 $ 2.38 $ 6.51 $ 7.54