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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest Income        
Interest and Fees on Loans and Leases $ 163,208 $ 144,541 $ 322,544 $ 281,042
Income on Investment Securities        
Available-for-Sale 21,468 23,301 43,225 47,194
Held-to-Maturity 21,595 23,375 43,731 47,323
Deposits 25 18 55 45
Funds Sold 6,114 6,395 12,241 9,761
Other 1,120 2,121 2,090 2,718
Total Interest Income 213,530 199,751 423,886 388,083
Interest Expense        
Deposits 91,542 53,779 180,598 91,573
Securities Sold Under Agreements to Repurchase 1,180 5,436 2,623 10,813
Funds Purchased 44 184 44 888
Short-Term Borrowings   2,510   5,713
Other Debt 5,918 13,494 11,837 18,793
Total Interest Expense 98,684 75,403 195,102 127,780
Net Interest Income 114,846 124,348 228,784 260,303
Provision for Credit Losses 2,400 2,500 4,400 4,500
Net Interest Income After Provision for Credit Losses 112,446 121,848 224,384 255,803
Noninterest Income        
Trust and Asset Management 12,223 11,215 23,412 21,905
Mortgage Banking 1,028 1,176 1,979 2,180
Service Charges on Deposit Accounts 7,730 7,587 15,677 15,324
Fees, Exchange, and Other Service Charges 13,769 14,150 27,892 27,958
Investment Securities Losses, Net (1,601) (1,310) (3,098) (3,102)
Annuity and Insurance 1,583 1,038 2,629 2,309
Bank-Owned Life Insurance 3,396 2,876 6,752 5,718
Other 3,959 6,523 9,129 11,700
Total Noninterest Income 42,087 43,255 84,372 83,992
Noninterest Expense        
Salaries and Benefits 57,033 56,175 115,248 121,263
Net Occupancy 10,559 9,991 21,015 19,863
Net Equipment 10,355 10,573 20,458 20,948
Data Processing 4,745 4,599 9,515 9,182
Professional Fees 4,929 4,651 9,606 8,534
FDIC Insurance 7,170 3,173 10,784 6,407
Other 14,435 14,874 28,459 29,758
Total Noninterest Expense 109,226 104,036 215,085 215,955
Income Before Provision for Income Taxes 45,307 61,067 93,671 123,840
Provision for Income Taxes 11,224 15,006 23,197 30,937
Net Income 34,083 46,061 70,474 92,903
Preferred Stock Dividends 1,969 1,969 3,938 3,938
Net Income Available to Common Shareholders $ 32,114 $ 44,092 $ 66,536 $ 88,965
Basic Earnings Per Common Share $ 0.81 $ 1.12 $ 1.69 $ 2.27
Diluted Earnings Per Common Share 0.81 1.12 1.68 2.26
Dividends Declared Per Common Share $ 0.7 $ 0.7 $ 1.4 $ 1.4
Basic Weighted Average Common Shares 39,450,551 39,241,559 39,400,452 39,259,279
Diluted Weighted Average Common Shares 39,618,705 39,317,521 39,618,774 39,382,359