XML 21 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Loans, including fees $ 1,375,442 $ 1,189,377 $ 770,391
Securities:      
Taxable 396,224 406,289 249,797
Tax-exempt 218,177 240,131 237,626
Interest-bearing deposits 397,414 376,010 216,367
Federal funds sold 270 1,288 948
Resell agreements 3,110 4,621 592
Total interest income 2,390,637 2,217,716 1,475,721
Interest expense:      
Deposits 629,107 508,255 140,476
Federal funds purchased 1,556 1,524 690
Repurchase agreements 141,833 135,969 34,443
Junior subordinated deferrable interest debentures 8,872 8,647 4,172
Subordinated notes 4,657 4,657 4,657
Total interest expense 786,025 659,052 184,438
Net interest income 1,604,612 1,558,664 1,291,283
Credit loss expense 64,985 46,171 3,000
Net interest income after credit loss expense 1,539,627 1,512,493 1,288,283
Non-interest income:      
Trust and investment management fees 165,270 153,315 154,679
Service charges on deposit accounts 106,230 93,504 91,891
Insurance commissions and fees 61,269 58,271 53,210
Interchange and card transaction fees 21,017 19,419 18,231
Other charges, commissions and fees 53,348 49,026 41,590
Net gain (loss) on securities transactions (96) 66 0
Other 52,060 54,941 45,217
Total non-interest income 459,098 428,542 404,818
Non-interest expense:      
Salaries and wages 621,394 547,718 492,096
Employee benefits 122,446 115,306 88,608
Net occupancy 128,751 124,396 112,495
Technology, furniture and equipment 148,487 135,286 120,771
Deposit insurance 37,269 76,589 15,603
Other 244,411 229,367 194,701
Total non-interest expense 1,302,758 1,228,662 1,024,274
Income before income taxes 695,967 712,373 668,827
Income taxes 113,425 114,400 89,677
Net income 582,542 597,973 579,150
Preferred stock dividends 6,675 6,675 6,675
Net income available to common shareholders $ 575,867 $ 591,298 $ 572,475
Earnings per common share:      
Basic (in dollars per share) $ 8.88 $ 9.11 $ 8.84
Diluted (in dollars per share) $ 8.87 $ 9.10 $ 8.81