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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest Income        
Interest and Fees on Loans and Leases $ 151,245 $ 115,013 $ 432,287 $ 311,115
Income on Investment Securities        
Available-for-Sale 23,552 16,995 70,746 52,079
Held-to-Maturity 22,838 20,243 70,161 57,782
Deposits 18 10 63 19
Funds Sold 12,828 2,335 22,589 3,181
Other 1,464 322 4,182 877
Total Interest Income 211,945 154,918 600,028 425,053
Interest Expense        
Deposits 72,153 10,296 163,726 16,184
Securities Sold Under Agreements to Repurchase 4,034 2,745 14,847 8,311
Funds Purchased   40 888 99
Short-Term Borrowings     5,713 92
Other Debt 14,821 182 33,614 547
Total Interest Expense 91,008 13,263 218,788 25,233
Net Interest Income 120,937 141,655 381,240 399,820
Provision for Credit Losses 2,000 0 6,500 (8,000)
Net Interest Income After Provision for Credit Losses 118,937 141,655 374,740 407,820
Noninterest Income        
Trust and Asset Management 10,548 10,418 32,453 33,151
Mortgage Banking 1,059 1,002 3,239 4,989
Service Charges on Deposit Accounts 7,843 7,526 23,167 22,107
Fees, Exchange, and Other Service Charges 13,824 13,863 41,782 41,008
Investment Securities Losses, Net (6,734) (2,147) (9,836) (4,987)
Annuity and Insurance 1,156 1,034 3,465 2,695
Bank-Owned Life Insurance 2,749 2,486 8,467 7,493
Other 19,889 (3,522) 31,589 9,913
Total Noninterest Income 50,334 30,660 134,326 116,369
Noninterest Expense        
Salaries and Benefits 58,825 59,938 180,088 177,631
Net Occupancy 10,327 10,186 30,190 29,942
Net Equipment 9,477 9,736 30,425 28,432
Data Processing 4,706 4,616 13,888 13,783
Professional Fees 3,846 3,799 12,380 10,599
FDIC Insurance 3,361 1,680 9,768 4,772
Other 15,059 15,794 44,817 47,403
Total Noninterest Expense 105,601 105,749 321,556 312,562
Income Before Provision for Income Taxes 63,670 66,566 187,510 211,627
Provision for Income Taxes 15,767 13,765 46,704 47,130
Net Income 47,903 52,801 140,806 164,497
Preferred Stock Dividends 1,969 1,969 5,908 5,908
Net Income Available to Common Shareholders $ 45,934 $ 50,832 $ 134,898 $ 158,589
Basic Earnings Per Common Share $ 1.17 $ 1.28 $ 3.44 $ 4
Diluted Earnings Per Common Share 1.17 1.28 3.42 3.98
Dividends Declared Per Common Share $ 0.7 $ 0.7 $ 2.1 $ 2.1
Basic Weighted Average Common Shares 39,274,626 39,567,047 39,264,450 39,670,409
Diluted Weighted Average Common Shares 39,420,531 39,758,209 39,392,433 39,848,795